@afkhwaja@pakstockexgltd@SECPakistan It speaks volumes about the efficiency and speed of decision making at the Commission these days.
Thanks for prioritizing the capital formation for the companies.
@afkhwaja@pakstockexgltd This formalization had been long due.
A not while ago, we brought a GEM IPO of #NetsInternational & converted its AOP status in an IPOable company.
We had been asking for a regulatory defined pathway for more possibilities of this nature.
Thanks for ruffling new feathers!
@81ShahbazRana Not possible without strong structural reforms - not possible without breaking away from the current management style of the economy and not possible without the business enabling regulators.
@rogueonomist@saadahsan Tokenization or fractionalization is all about the placement of decimal points (the extent of the subdivision value of an economic asset), and how such tokenized/fractionalized assets can be traded/settled.
@akifsaeed65 We envision a product of optional dividends.
Investors would be able to choose between dividends or bonus distributions.
This would require a change in our AoA, & then implementation from next year.
We dont see any regulatory hurdles, but somehow we specialize in road blocks
@najam_ali It's the weakest link preventing NCCPL from acting as an effective counterparty.
For a robust CCP arrangement, all clients' margins must be collected by NCCPL.
I have consistently made this point as a director of NCCPL.
But, there is a strong fear of the mafia's pushback!!
The current team captain needs to be fired & not even retained in the team as a player.
The aggression in the batting order needed to be sustained. But his choice of sending Haris, himself & Talat led to the collapse. He should have sent Nawaz, Faheem & Afridi instead.
@najam_ali CIB condition even for the IPO making companies is also a stretch.
Banks/FIs continue to lend to companies with past restructurings, so why not allow them to list?
Let the paradigm of "Caveat Emptor" work & not restrict the supply of companies to the market.
@stockmktgirl The emerging energy equation is likely to benefit #MughalSteel by PKR 6000/- per ton. On top of it, #MughalSteel owns 90% of #MughalEnergy, which has a cost+ arrangement with the parent company.