New York: JS Global Capital Limited (JSGCL), one of Pakistan’s largest and premier brokerage and investment banking firm, and its US partner Rosenblatt Securities Inc hosted the Pakistan Investment Conference on October 31 in the heart of Wall Street, the New York Stock Exchange.
The objective of the conference was to pitch Pakistan as one of the most attractive investment destinations within the emerging markets class.
The conference, a four-day event with two days in New York, was followed by events in Boston, Chicago and Washington.
Chief executives and financial officers of 15 leading listed companies attended the conference and showcased their companies’ profile, performance and future plans to major US investors for both foreign portfolio and direct investment. These investors included global top asset managers with trillions of dollars under their management.
The high-powered Pakistani delegation was led by Sindh Governor Mohammad Zubair, who was accompanied by Mushahid Hussain Syed, Chairman Parliamentary Committee on CPEC; Muneer Kamal, Chairman Pakistan Stock Exchange; and Kamran Nasir, CEO JS Global Capital Limited.
Pakistani corporations that attended the conference include Oil & Gas Development Company (OGDC), Pakistan Petroleum Limited (PPL), Pakistan State Oil (PSO), United Bank Limited (UBL), MCB Bank Limited (MCB), Engro Corporation (ENGRO), Engro Fertilizers (EFERT), Hub Power Company Limited (HUBC), Lucky Cement Limited (LUCK), DG Khan Cement (DGKC), Honda Cars Limited (HCAR), Searle Pharmaceutical (SEARLE) and AGP Limited (AGP), among others.
These Pakistani corporations make up most of the MSCI emerging markets cluster, while representing about 90% of the market capitalization of the Pakistan Stock Exchange (PSX). Foreign investors currently hold interest in about 30% of the free float of PSX.
Courtesy: The Dawn