Qudsia Bano

In a bid to bolster economic relations and facilitate trade and investment opportunities, Pakistan and Canada have come together to explore collaborative initiatives. The Pakistan Stock Exchange (PSX) recently hosted a delegation from the High Commission of Canada to Pakistan, headed by Her Excellency Ms. Leslie Scanlon, the High Commissioner of Canada. Accompanied by Michael Lazaruk, Counsellor Commercial, and Athar Abbas, Trade Commissioner, the distinguished Canadian delegation was warmly received at the PSX. Managing Director and CEO of PSX Farrukh H. Khan, along with Member PSX Board Nadeem Naqvi, and the management team extended a warm welcome to the guests. Both parties delved into matters of mutual interest encompassing a broader economic landscape and, more specifically, the capital markets.

The presence of a trade and economic team from the High Commission of Canada provided a platform for a comprehensive discussion on the potential development of trade and investment ties between the two nations. Talking to WealthPK, Chief Executive Officer of Spinzer Equities Engr. M. Liaquat Ali Khan said, "The discussions held great promise, highlighting the willingness of both Pakistan and Canada to strengthen their economic collaboration. This move is significant, as it opens the door for increased trade, investment, and cooperation in various sectors, ultimately fostering economic growth and development for both nations." To commemorate their visit, the Canadian delegation was given an insider's tour of the Pakistan Stock Exchange, with a particular focus on the Trading Hall of the Stock Exchange. In a symbolic gesture of goodwill and partnership, the distinguished guests were invited to strike the ceremonial gong, marking their visit to the PSX.

"This visit and collaborative effort serve as a testament to the commitment of both Pakistan and Canada to fostering economic ties and capitalizing on the potential for mutual growth.The discussions held during this visit are expected to pave the way for future trade and investment initiatives that will undoubtedly contribute to the economic prosperity of both nations," said Liaquat. He further said that it was essential to recognize that this initiative not only held the potential for increased trade and investment but also paved the way for knowledge exchange and expertise sharing. "In an increasingly interconnected global economy, such partnerships are invaluable. This partnership will contribute to economic growth, job creation, and the sharing of best practices. It is a testament to the evolving dynamics of the global economy, where countries seek to leverage their strengths and resources to build mutually beneficial relationships," he added.

Credit: INP-WealthPk