Asad Umar Says Record 10 New IPOs to Take Place on PSX This Year

Federal Minister for Planning, Development and Special Initiatives, Asad Umar has said that strong earnings reported by companies listed on Pakistan Stock Exchange (PSX) reflect the achievement of economic stability.

Strong earnings being reported by companies listed on Pakistan stock exchange reflect that stabilization having been achieved, economy is moving into the growth phase. A record 10 new IPO'S also being planned by companies for listing on stock exchange this year. https://t.co/5v38rujB3H

— Asad Umar (@Asad_Umar) October 25, 2020

In a tweet on Sunday, Asad Umar said that the country’s economy is moving into the growth phase. He said that a record 10 new IPOs are also being planned by companies for listing on the stock exchange this year.

Addressing a reception arranged by Pakistan Tehreek-e-Insaf Youth Wing and Insaf Students Federation in Hyderabad, Asad Umar also said that the federal government would extend all-out support for the development of Hyderabad as it is the second-largest city of Sindh.

The federal minister assured the participants that he would try his level best to resolve the issues being faced by the people of Hyderabad.