Bangladesh, Pakistan, Sri Lanka sign deal to strengthen capital market cooperation
The agreement aims to establish an exchange forum to facilitate technology development and sharing, human resource collaboration, product development across the three markets
The Dhaka Stock Exchange (DSE), Pakistan Stock Exchange (PSX), and Colombo Stock Exchange (CSE) signed a tripartite Memorandum of Understanding (MoU) on 27 March to strengthen regional capital market cooperation.
The agreement aims to establish an exchange forum to facilitate technology development and sharing, human resource collaboration, product development, regulatory coordination, investor protection, and knowledge exchange across the three markets, according to Arab News.
Citing the PSX, the Middle East-based news outlet reports that the initiative will foster deeper regional cooperation among the three South Asian nations while creating new opportunities for investors and market participants across the region.
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The report highlights that this strategic partnership marks a significant step forward in regional market integration.
Akif Saeed, chairman of the Securities and Exchange Commission of Pakistan (SECP), told Arab News, "By combining our strengths, these three exchanges can drive innovation, enhance market resilience, and create new opportunities for investors across South Asia."
According to Arab News, the MoU establishes a formal platform for ongoing dialogue and joint initiatives, with working groups to be formed to implement the cooperation framework.
Citing a statement from the PSX, the report notes that the alliance is expected to enhance market liquidity and product diversity, strengthen regulatory frameworks across the region, facilitate cross-border investment flows, and promote technological innovation in market infrastructure.
