Bank Alfalah becomes first market maker for debt securities in Pakistan

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Staff Reporter

Karachi

Pakistan Stock Exchange (PSX) and Bank Alfalah signed an agreement on Tuesday at a ceremony held at PSX Trading Hall. Under this agreement, Bank Alfalah has now become the country’s first commercial bank designated as a market maker for debt securities at Pakistan Stock Exchange. Mr. Farrukh H. Khan, CEO, Pakistan Stock Exchange, and Mr. Atif Bajwa, President & CEO, Bank Alfalah, signed the agreement.
Present at the ceremony were Mr.SulaimanS. Mehdi, Chairman PSX;Mr Ali Sultan,Group Head of Treasury and Capital Markets, Bank Alfalah;Board members of PSX and senior management of both the organizations.
On this occasion, Mr. Farrukh Khan, the CEO of PSX, said, “Growth of the debt markets is an important strategic objective of PSX and critical for the economic growth of Pakistan.
In line with the recent regulatory changes introduced by SECP and PSX, I am very happy that Bank Alfalah has been approved as the first market maker of debt securities at the Exchange.
This will usher in a new chapter in the growth of debt markets, thereby ensuring a deep, liquid and transparent secondary debt market in Pakistan. This will benefit both issuers and investors”.

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