KARACHI (PR) - Central Depository Company (CDC) hosted the 3rd Pakistan Day Conference in New York in collaboration with First Capital Equities, Auerbach Grayson and Bank of New York Mellon. Pakistans Consul General in New York, AS Babar Hashmi was the guest of honour at the opening-day of the conference. Muhammad Hanif Jakhura, CEO - CDC, in his welcome speech said that CDC has been instrumental in spurring a drive of foreign investment in stocks of Pakistani corporates by organizing a series of road shows in the ME, the UK and the US in the past few years. He highlighted that the conference aims to enhance the understanding of foreign investors about economic trends, industry dynamics and company specific developments in perspective of Pakistan, facilitating them to formulate their investment strategies in a more efficient manner. Mr. Jakhura further stated that the appointment of Dr. Abdul Hafeez as the Advisor to the PM on Finance is a positive step towards the development of the economy. On the second day of the event, Mr. Adnan Afridi, Managing Director of The KSE, presented an overview of the Pakistani Capital Market. Representatives from leading Pakistani issuer companies including Engro Corporation, Fatima Fertilizer, Hub Power Co, Kot Addu Power Co, Lucky Cement, National Bank, OGDCL, PACE Pakistan, Pakistan Petroleum, PSO and UBL were part of the Pakistani delegation to the conference which was attended by 37 key institutional investors, leading Fund Managers and executives from financial institutions. The conference comprised of presentations, speeches and most importantly 171 one-on-one meetings between representatives of issuer companies and fund managers. Keeping in mind the keen interest shown by US fund managers in Pakistani equities and the importance of showcasing Pakistani corporates in international markets, members of the Pakistani delegation including issuer companies and event organizers resolved that joint efforts should be continued regularly to attract foreign investment in stocks of Pakistani companies. The event provided an effective platform for Pakistani corporates to seek new investors through a wider reach, broaden their shareholder-base and project their companies internationally. The overwhelming participation from prominent organizations from Pakistan not only enabled an opportunity to cultivate meaningful relationship with international fund managers but also contribute towards the development of the Pakistans Economy and Capital Market as a whole. The two-day event concluded with a clear show of foreign funds interest in Pakistani equities owing to its attractive valuations as compared to the region.