London - Chief of Staff and Head of Business Development at London Stock Exchange Group (LSEG) Nikhil Rathi, along with senior advisor, Primary Markets at LSEG Ms Gavin Sullivan, called on Finance Minister Mohammad Ishaq Dar at Pakistan High Commission London on Wednesday. Syed Ibne Abbas, Pakistan High Commissioner to the UK, was also present in the meeting.

Dar shared the recent economic success stories of Pakistan and apprised of the successful completion of 6th review by IMF. He hoped that Pakistan would soon join the emerging markets league. Dar also stated that the rating agencies are revisiting the credit ratings of Pakistan due to its recent positive economic outlook.

Rathi congratulated Minister on successful issuance of Euro and Sukuk bonds in the past two years and said that LSEG would like to collaborate with Pakistan, especially on the issuance of bonds in the next fiscal year. He particularly expressed interest in Sukuk bonds and offered London Stock Exchange for listing of future bonds. Mr Rathi also welcomed collaboration between Karachi Stock Exchange and London Stock Exchange.

In February this year, Karachi Stock Exchange collaborated with London Stock Exchange to hold Pakistan Capital Markets Day at London Stock Exchange. During this two day event, 140 investor meetings were held between 68 financial institutions and 14 top performing Pakistani companies. The Minister stopped in London on his way to attend spring meetings with IMF and World Bank in Washington DC.