Pakistan Strategy: Regulatory review 2018_Less policy more action
Pivotal forces shaping government policy at the industry level remained strained under political noise leading up to the national polls and policy dissonance following the formation of PTI-led government at the center and Punjab, breaking the two-party hegemony prevalent in Pakistan's nascent democratic system
2018 marked Pakistan's rise in the World Bank's Ease of Doing Business score and ranking (11 points over CY17), while wholesale institutional reforms remained largely absent amidst a change of Government at the center and provinces
The incoming government can be seen to achieve varying degrees of success for its ambitious reform agenda, while enacting whole sale accountability, institutional, austerity and revenue reforms as it deals with structural issues to address the scourge of 'twin deficits'
Under the wider ambit of judicial activism, judgments passed by the SC have ascended to prominence with a slew of decision impacting OMCs (product pricing), Cements (water usage), Banks (pension case), Pharmaceuticals (pricing policy and DRAP), while passing landmark judgments on accountability
From a wider perspective, negotiations with international agencies (FATF and IMF), the PTI's ambitious reform agenda plus any legislative priorities will guide public policy in CY19, with possible surprises arising from judicial actions likely to sway sentiment at the bourse
AKD Securities Ltd. is one of the leading securities firm in Pakistan, providing a comprehensive range of investor focused services, including equity brokerage, economic and securities research, investment banking and financial advisory services. AKD Securities accounts for more than 6% of the average daily value of the Karachi Stock Exchange. AKD Securities was the first brokerage house to launch an online trading platform in Pakistan in November 2002 and now has the largest market share with over 6000 customers. This has helped diversify and expand the retail investor base in the country and ushered in a whole new universe of investors to the stock market.
AKD Securities Ltd. caters to a diversified group of domestic and international institutional investors, high net worth individuals and upscale retail clients, including expatriate Pakistanis. With high quality research, unparalleled execution and distribution capability for both regular and large block trades, AKD Securities Ltd. has earned an outstanding reputation in the Pakistani securities industry.Outside of commercial banks, AKD Securities Ltd. is one of the biggest capital market firms in the country. AKD Securities is the leader in raising and providing risk capital in underwriting, market making and mergers and acquisitions in Pakistan. Good corporate governance and professionalism are emphasized throughout the firm and AKD Securities Ltd. is amongst the very few companies to have introduced a firm-wide comprehensive CODE of ETHICS, overseen by an independent compliance manager.Ultimately, our success is based on the quality of service we provide to our customers and the trust and confidence reposed in us by them. Our focus, therefore, remains on customer satisfaction at all levels in the company.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.