PSX among top 10 highest stock exchanges

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Islamabad—Renowned Economist and industrialist Mirza Ikhtiar Baig said on Friday that the Pakistan Stock Exchange (PSX) has been included amongst top ten highest stock exchanges of the world due to its recent highest target in the market.
Talking to state-run TV, he said that although the international stock exchange market is going down but it has left positive impact on Pakistan stock exchange market and huge shift of money by the international donors into PSX has been observed.
He said this new target has given a new boost to our index and it has achieved 40450 points target so far added that the FOX magazine has termed PSX market as best market in the world as compared to India and China Stock Exchanges and acknowledged its visible progress during a year.
He said that Pakistan has been listed in the new emerging economies due to its expected 500 million dollars target achievement by the year 2017 which will be a great booster for PSX and the value of small shares of the small investors have also been increased.
Replying to a question, he said that there is a visible improvement in the Karachi Stock Exchange due to improved law and order situation there besides the Prime Minister Muhammad Nawaz Sharif has also given awards to more than 25 companies which will help to enhance the exports especially the textile exports.
He said that the results of the government initiatives for bringing economy at par of excellence is now gaining momentum day by day.
Replying to another question, he said that political stability is very essential prerequisite for a stable economy added that our foreign exchange reserves and GDP growth has also been greatly help to give boost to economy in the country.
He added that our country would soon be free of load-shedding issue as the government is actively working on the hydel power projects at Hub, Port Qasim and Mangla dam which would add required electricity in the national grid stations.—APP