Diversification can attract both domestic and foreign investors: Saqib Rafiq

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Rawalpindi: The Rawalpindi Chamber of Commerce and Industry (RCCI) President Saqib Rafiq has said that diversification in Pakistan’s capital market can help the expansion and broadening of investment options beyond traditional avenues. Pakistan’s capital market has primarily revolved around equities and government securities, but efforts have been made to diversify and develop other investment instruments to attract both domestic and foreign investors. He made these remarks at the inaugural ceremony of Invest Expo 2023 organized by Pakistan Mercantile Exchange (PMEX) with the support of Securities and Exchange Commission of Pakistan (SECP) and other capital market entries at Islamabad. SECP Chairman Akif Saeed, Former RCCI Presidents Major (R) Amanullah Khan, Main Humayun Parvez, Zahid Latif Khan, ICCI President Ahsan Zafar Bakhtawari, representatives from ICAP, Distinguished RCCI members, among others, were also present on the occasion. Saqib Rafiq also lauded SECP’s role in maintaining a fair and transparent marketplace, ensuring investor rights and interests which are protected through regulatory safeguards. The expo showcased the financial sector from stock brokers, commodities brokers, mutual funds, insurance, and microfinance companies, aiming to promote safe investment alternatives. The expo celebrated the empowerment of investors, emphasizing the critical importance of investor awareness for a robust financial ecosystem. News Desk