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PSX hosts US Consul General in Karachi at a gong ceremony

October 03, 2024

PSX hosts US Consul General in Karachi at a gong ceremony

Pakistan Stock Exchange (PSX) hosted the Consul General of United States of America, in Karachi, Mr. Scott Urbom, and his team at a gong ceremony held at the Trading Hall of the Exchange. The US Consul General and his team were welcomed at the Exchange by Dr. Shamshad Akhtar, Chairperson PSX; Mr. Nadeem Naqvi, Acting CEO PSX; Board members PSX, and senior management of PSX. Present at the occasion were top management of several US based companies in Pakistan as well. The US Consul General struck the gong to open the trading day and to mark the significance of the dynamic trade and economic relations between Pakistan & the United States.

The event included a speech by Mr. Nadeem Naqvi, where he welcomed the guests and spoke about the importance of Karachi as the economic hub of Pakistan; he invited greater participation by US based companies in Pakistan as well as by investors in the US in Pakistan’s national stock exchange. Dr. Shamshad Akhtar, giving an overview of the national economy from a macro perspective, talked about the vital role played by the Exchange in terms of capital formation & wealth creation and expressed that it was a matter of pride for the Exchange to have the US Consul General and his team visit PSX at the gong ceremony today. In his speech, Mr. Scott Urbom, the US Consul General in Karachi, stated that American businesses in Pakistan play a crucial role as corporate citizens, contributing significantly to local economies and communities. He added that our goal is to continue to strengthen the economic partnership between Pakistan and the US, fostering equitable and sustainable growth that benefits both of the countries.

The event included a meeting where both teams discussed matters to enhance mutual cooperation for greater benefit of both economies. The meeting concluded with an exchange of thanks between both the parties and hopes for stronger economic, financial, and investment ties between Pakistan and the United States of America.