• images

MQM opposes merger of stock exchanges

ISLAMABAD, Jan 12 (INP): The Muttahida Qaumi Movement has opposed the establishment of Pakistan Stock Exchange (PSX), calling on the government to avoid from changing the status of Karachi as commercial hub of the nation. Speaking in the National Assembly on Tuesday, he said the Karachi Exchange was, in fact, the real stock exchange while Lahore and Islamabad stock exchanges were nothing more than federal and provincial chapters of actual stock exchange.He said it was not appropriate to shift the headquarters of the Stock Exchange to Islamabad. “

Earlier headquarters of the Pakistan Navy was shifted to Islamabad and tomorrow somebody will try to move Pakistan International Airlines to Islamabad. That mindset needs to be changed,” he said. “One day prime minister travels to Karachi and lauds Karachi Stock Exchange, and the next day he shifted it to Islamabad. If Karachi is financial hub, then keep it that way” he said. Endorsing his views, Federal Minister Riaz Pirzada also opposed the move and said headquarters of the institutions should be kept wherever they are located as shifting costs billions of rupees. “Will headquarters of Gwadar port also be shifted to Islamabad,” he asked

Share This Post

About Author: Big News Online

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>