Pakistan Stock Exchange (PSX) and China Overseas Port Holding Company (COPHC) signed a Memorandum of Understanding at the first Gwadar Expo. While signing the MOU it was said that the list of projects under CPEC should be listed at PSX that will help the investors from China in generating funds. Shahid Khaqan Abbasi, the Prime Minister along with other higher officials from China and Pakistan government also witnessed the MOU signing ceremony.
The basic purpose behind this signing was to mark the Free Zone Project as the best initiative to assist foreign business companies and investors in this project. A combined statement said:
“Gwadar has enormous potential from all angles and dimensions for any kind of business activity, whether known or emerging with ever developing technologies.”
The private sector and the corporate companies will invest in Gwadar Free Zone project. The trade and the port both are essentially significant for this project. The CPEC project has its major focus on power projects and the development of new infrastructure in Pakistan. COPHS is contributing a lot towards the provision of expert container terminal management and marine services. It would also provide maintenance services of the port facility.
“The COPHC will extend help to the PSX in conducting due diligence on the investors and businesses in Gwadar Free Zone that are applying to the stock market for listing of equity and debt securities.”