Stock brokers seek finance minister’s intervention in addressing concerns

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KARACHI: Stock brokers of Pakistan Stock Market (PSX) has sought intervention of the finance minister for addressing major concerns of stock brokers in order to streamline regulatory and business environment.

PSX Stock Brokers Association in a letter to Finance Minister Asad Umar on Wednesday congratulated on assuming corridors of power. It entrusted the leadership of Imran Khan as Prime Minister of Pakistan and hoped the country will progress under his leadership.
The brokers association requested the finance minister to address major concerns of brokers fraternity in order to streamline regulatory, business, legal and taxation issues.
They said that PSX is all set to lead countrywide industries and should be able to attract more investors from both locally and internationally. It will not only generate revenue for the government but will also attract much needed foreign exchange.
“Our members are marketing agents of Pakistan and we believe, we are well placed, to attract private equity investors for CPEC and other mega projects of our country,” it said.
The association informed that issues pertaining to cost of doing business and ease of doing business were major irritants under the cumbersome and over regulatory environment.