The London Stock Exchange is today hosting its first Pakistan Privatisation and Capital Markets Forum, highlighting the investment opportunities available in Pakistani public and private sector companies to London-based investors.
Speaking at the event, Ibukun Adebayo, Head of Business Development – South Asia, London Stock Exchange, said:
“As the world’s most international equity market, with an established track record of providing private companies with access to capital as they transition to become public companies, the Exchange is uniquely placed to facilitate investor meetings with some of Pakistan’s leading companies. The excellent attendance at today’s Forum from the investor community shows that London-based investors can see the potential for high growth and returns in Pakistan.”
A total of 11 Pakistani companies are taking part in the Forum, including some of Pakistan’s leading State Owned Enterprises. The companies attending are:
- Pakistan Petroleum Limited (PPL),
- Oil & Gas Development Company Limited (OGDCL),
- The Hub Power Company (HUBCO),
- ENGRO Corporation,
- MCB Bank
- United Bank Limited,
- Lucky Cement,
- Karachi Electricity Supply Company,
- Islamabad Electric Supply Company (IESCO),
- Pakistan Railways,
- Pakistan Steel.
Held in association with Pakistan’s Privatisation Ministry, Nomura and BMA Capital, the event has attracted over 120 participants from London’s international investment community. The conference features keynote addresses from Senator Waqar Ahmed Khan, Federal Minister for Privatisation, Islamic Republic of Pakistan and Rt. Hon. Alderman Michael Bear, the Lord Mayor of the City of London. His Excellency Wajid Shamusl Hasan, Pakistan’s High Commissioner to the United Kingdom; Senator Wasim Sajjad, Leader of the Opposition in the Pakistan Senate; Senator Adnan Shah, Chairman Senate Standing Committee on Privatisation and members of the Committee Senator Ilyas Bilour & Senator Imtiaz Shaikh also participated in the forum.
There are currently four Pakistani companies listed and traded on the London Stock Exchange – the state owned Oil & Gas Development Company Limited (OGDCL), United Bank, MCB and Lucky Cement.