PSX Signs MoU with CSE and DSE for Regional Cooperation
The partnership aims to foster deeper regional collaboration, knowledge sharing, and cross-border investment opportunities, positioning Pakistan's capital markets as a rising investment destination in South Asia. The MoU is a testament to the growing cooperation among regional stock exchanges, and its implementation is expected to have a positive impact on the regional economy.
The Pakistan Stock Exchange (PSX) has signed a tripartite Memorandum of Understanding (MoU) with the Colombo Stock Exchange (CSE) and Dhaka Stock Exchange (DSE) to enhance regional capital market cooperation, focusing on technology development, regulatory collaboration, and investor protection.
The agreement aims to create an exchange forum for joint initiatives on human resource sharing, product development, and regulatory collaboration, ultimately strengthening regional market integration and facilitating broker partnerships and institutional connectivity. The three exchanges will collaborate on advancing technology, cross-exchange training programs, and product innovation, as well as harmonize regulatory practices to improve investor protection.
The MoU also explores the possibility of dual listings, which will facilitate cross-border investment opportunities and expand investor access. This development is expected to have a positive impact on the regional capital markets, promoting economic growth and cooperation among the participating countries. Chairman of the Securities and Exchange Commission of Pakistan (SECP) Akif Saeed highlighted Pakistan's progressive regulatory framework as a catalyst for capital formation and strengthened investor confidence.
The signing of the MoU marks a significant milestone in regional capital market cooperation, and the partnership is expected to yield benefits for investors, brokers, and the overall economy of the participating countries. With the collaboration of the PSX, CSE, and DSE, the region can look forward to enhanced market integration, improved regulatory practices, and increased investment opportunities.