Islamabad, Mar 28, 2025: In a groundbreaking effort to enhance regional stock market collaboration, the Pakistan Stock Exchange (PSX) has officially signed a tripartite Memorandum of Understanding (MoU) with the Colombo Stock Exchange (CSE) and the Dhaka Stock Exchange (DSE).
This agreement, finalized today in Colombo, seeks to create a unified platform for advancing technological capabilities, exchanging expertise, developing financial products, and strengthening regulatory cooperation. The initiative is set to improve investor protection and deepen ties between the three markets.
The signing ceremony saw the presence of prominent officials from all three exchanges, including Farrukh H. Sabzwari, Managing Director and CEO of PSX; Rajeeva Bandaranaike, CEO of CSE; and Momin Ul Islam, Chairman of the Board of Directors of DSE. Akif Saeed, Chairman of the Securities and Exchange Commission of Pakistan (SECP), along with other key representatives, also attended the event.
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Core Areas of Collaboration Under the MoU:
- Technological Progress: Joint efforts to modernize trading systems and implement digital advancements.
- Human Resource Enrichment: Exchange of expertise through specialized training programs.
- Innovative Financial Products: Development of new investment instruments to diversify market offerings.
- Regulatory Enhancement: Aligning compliance frameworks to safeguard investor interests.
- Cross-Border Listings: Exploring dual listings to broaden investment opportunities.
- Commercial Synergies: Strengthening relationships between brokers and financial institutions.
During the event, Akif Saeed emphasized the significance of this collaboration, stating, “This alliance marks a pivotal moment in the evolution of South Asia’s financial markets. By leveraging each other’s strengths, we can drive innovation, enhance market stability, and unlock new growth avenues for investors.”
Farrukh H. Sabzwari, MD & CEO of PSX, echoed this sentiment, saying, “This partnership is a game-changer for regional stock exchanges.
“We work closely with our counterparts in Colombo and Dhaka to raise market standards, foster sustainable progress, and maximize investor benefits.”
This MoU sets the foundation for continuous cooperation, with dedicated task forces to implement the outlined initiatives. The agreement is expected to:
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- Boost market liquidity and broaden investment options.
- Strengthen regulatory oversight across all three markets.
- Facilitate seamless cross-border investment.
- Promote cutting-edge technological improvements in market operations.
By enhancing regional market connectivity, this initiative will create fresh investment prospects and foster economic growth, benefiting market participants across Pakistan, Sri Lanka, and Bangladesh.
