November 04, 2024

PSX holds Industry Awareness Session for startups of National Incubation Center, Islamabad

A team from Pakistan Stock Exchange (PSX) conducted an Industry Awareness Session for startups of National Incubation Center (NIC) Islamabad. The session included explaining and informing the participants about the benefits and regulatory requirements of listing at PSX Boards, specially the Growth Enterprise Market (GEM) Board which is designed for small & medium enterprises, startups and green field projects. A detailed presentation was given by a PSX official at the briefing. The session was an interactive one whereby company representatives who were connected virtually as well as those who came in person engaged in a discussion and Q&A with the PSX representative(s) on the benefits of listing. The startups were also advised that even if they are not ready to become a listed company at present, nevertheless when their company achieves some growth, then an IPO would be one of the best options to meet capital requirements by raising the requisite capital as well as for addressing challenges like succession planning which will greatly benefit their startup or growth enterprise.

The PSX team was welcomed by Mr. Sayyed Ahmad Masud, Project Director, National Incubation Center, Islamabad. He appreciated PSX’s efforts to increase awareness in the trade & industrial sectors specially for startups and to promote the capital market therein. The NIC management also requested PSX to continue these sessions for their startups in future as well, which was duly accepted by the PSX team.