Another milestone to increase presence of IT industry on PSX

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Pakistan Software Export Board (PSEB) and AKD Securities (Financial Advisor Lot1) have signed a tripartite agreement with five IT/ITeS Companies for their enlisting on PSX GEM in a ceremony held in Karachi on Monday.

PSEB Managing Director Osman Nasir, AKD CEO Securities Limited Farid Alam, PSEB Project Director Talib H Baloch, and Chief Executives of 5 applicant companies and representatives from senior management of AKDS, PSEB and 5 applicant companies were also present during the ceremony, said a news release.

Under the program, the PSEB will sponsor 70 per cent of the listing cost incurred on a selected company’s listing. Through this unique initiative of PSEB, IT/ITeS companies will raise millions of rupee as equity capital.—APP

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