PTBP Web Desk
Finance Minister Senator Muhammad Aurangzeb held a pivotal meeting with the leadership of Servis Long March, including Chinese Chairman Jin Yongsheng and CEO Omar Saeed, during the Asian Financial Forum in Hong Kong. The discussion underscored a shared vision of enhancing Pakistan’s presence in global financial markets and leveraging international platforms for capital raising.
During the meeting, Senator Aurangzeb emphasized the importance of creating a favourable policy framework that empowers Pakistani businesses to explore opportunities in international equity capital markets. He commended Servis Long March’s initiative to list on the Hong Kong Stock Exchange (HKEX), a move that he believed could set a benchmark for other Pakistani companies seeking global exposure.
The Finance Minister assured the company of the government of Pakistan’s full support in its listing efforts. He reiterated the government’s commitment to facilitating Pakistani businesses in navigating the complexities of international equity markets and ensuring they have access to the resources and policies needed for successful global operations.
Chairman Jin Yongsheng and CEO Omar Saeed provided insights into the company’s growth trajectory. They highlighted the potential benefits of listing on an international stock exchange, such as enhanced visibility, access to global investors, and improved funding opportunities.
The leadership of Servis Long March outlined the company’s plans to use the listing as a springboard for further expansion and to establish itself as a significant player in global capital markets. This move, they argued, would not only benefit their organization but also demonstrate Pakistan’s potential to attract foreign investment and compete on an international stage.
The discussions extended beyond Servis Long March’s listing to the broader goal of increasing Pakistan’s footprint in international financial markets. Senator Aurangzeb and the company leadership agreed on the importance of showcasing Pakistan as a destination for foreign investment.
This collaboration reflects a mutual understanding that efforts to support Pakistani companies in accessing international equity markets will yield long-term benefits for the country’s economy. Such initiatives can help improve Pakistan’s financial credibility, attract foreign investors, and establish robust ties with global financial institutions.
Both parties acknowledged the complexities of international listings, including regulatory requirements, investor expectations, and geopolitical factors. They emphasized the need for continued dialogue and cooperation to address these challenges. Senator Aurangzeb reaffirmed the government’s commitment to working closely with Pakistani companies to overcome these hurdles and create an environment conducive to international capital raising.
The meeting concluded with a shared commitment to strengthen Pakistan’s capital markets and enhance its position in the global financial landscape. Both the Finance Minister and the leadership of Servis Long March expressed optimism about the impact this collaboration could have on the country’s economic growth and international reputation.
The decision to pursue a listing on the Hong Kong Stock Exchange is strategic, given Hong Kong’s reputation as a leading global financial hub. HKEX offers unique opportunities for companies looking to tap into Asian and international markets.
By listing on this prestigious platform, Servis Long March aims to:
- Access a broader pool of investors.
- Strengthen its financial position for future growth.
- Enhance its credibility and visibility in the global market.
The government’s proactive approach, as demonstrated by Senator Aurangzeb’s involvement, signals a strong commitment to promoting Pakistani businesses internationally. This initiative aligns with broader economic policies aimed at attracting foreign investment, diversifying the economy, and fostering innovation within Pakistan’s corporate sector.
