"Investment opportunities in Pakistan"
A seminar organized by Harvest Group
BY FARAZ SIDDIQUI
Sep 18 - 24, 2000
Pakistan is among the developing economies of world
with emerging markets, stock market is one of them. Emerging stocks
and forex markets in developing countries have become an important and
highly accepted investment tools. Due to its significance Harvest
Group has organized a seminar on "Investment Opportunities in
Presenting the introduction of Harvest Group, Mr
Ziaullah Bhatti, Marketing Manager Harvest Group said, Harvest Group
is an international entity with specialized services of Forex and
securities trading. It was established in 1992 and in a very short span of
time it became a worldwide Forex and security brokerage house of
international standard. In Pakistan HG operates two partnerships
Harvest Topworth International (HTW) and Harvest Smartrend Securities
(Pvt) Limited (HSS).
Bhatti further said, HTW is the Forex Brokerage Arm
of Harvest Group which is the pioneer of Forex Brokerage in Pakistan
with the largest setup. While HSS is a stock brokerage house which
offers a wide range of services for the investments in the stock
markets. He further said, HSS is the only stock brokerage house in
Pakistan to offer Pakistan Stock market information through Reuters
Enlightening the insights of exciting world of
stocks, Humaira Jamil, Research Analyst at Harvest Group Lahore, said,
Pakistan has ample investment opportunities being an emerging market.
All the stocks markets in Pakistan are termed as emerging markets. She
further said, stocks business is highly regulated industry which is
managed first by stock exchange itself, then Central Depository System
and finally Securities Exchange Commission of Pakistan. From March
2000 onwards, KSE has been facing huge losses but now market is slowly
recovering and coming back on the track. She further said, in depth
analysis of the market behaviour reflects that market has strength to
sustain higher level with the years to come.
She also pointed out the facts regarding the
sustainability of the market. Illustrating the current scenario, she
said that interest rates on saving schemes had been slashed down which
resulted in a surplus liquidity in the economy, for which stock market
can be a best investment avenue. Privatization, transparent policy
making and reforms are slowly bringing improvement in stock markets,
she added. Finally the recently concluded SAFE conference's consensus
regarding the integration of local market with other regional markets
are the steps which depict a positive outlook for investors. In order
to encourage the institutional participation, NIT from the mutual fund
industry has proposed that Employees Benefit Fund and State Life
Insurance companies should be allowed to increase their exposure by 30
per cent, these all factors shows the eventual sure recovery of the
market. So Pakistan is a strong market with growing turnover and high
returns on investment, she added.
She said, in any emerging market risk management is
the weakest area but SECP is fully mindful to handle risk management
efficiently. Keeping in view the fertile opportunities of investment,
Harvest Smartrend Securities (HSS) is a full service brokerage house
which is aiming to provide standard services for investment in stocks
market. HSS is equipped with most sophisticated research deparment,
swift and efficient operations, customer oriented approach and
exclusive order routing to deliver best services, she added.
Akber Hussain, Marketing Manager has provided an
informative overview of Forex and trade. Being the most liquid market
in the world, it has a daily turnover of more than $2 trillion, he
said. A round the clock operating market without geographical barriers
and limitations offers the most fair pricing with the least possible
manipulation. HTW provides an opportunity to the investors in Pakistan
to interact with the Forex market. He referred the margin system most
effective and safe way to invest money, in this system an investor is
not required to block large amount of capital while doing a
comparatively much larger transaction as compared to physical trader.
Giving the justification to invest in forex market
he said that investor would not need to block large amount, high and
quick returns on investment, low cost of transaction and foremost the
controlled nature of risk and losses. HTW assist the investors with
its 18 years experience in the forex market, high quality personalized
services, computer-based financial network and latest hi-tech
communication system, he added.
Peter Cruz, principal consultant of HG, said that
growth and success of HG would not have been possible without the
dedication, hardworking and total commitment of all work force at HG.
He also praised the performance of his research department whose
extraordinary efforts and work have turned the HG a highly acclaimed
financial services firm in Pakistan.
The seminar was mainly focused to explore Pakistan
as an emerging market with great opportunities for investment. HG
claims to be committed on its part to provide highly professional
financial services to the customers and to put the largest global
market within reach of Pakistan investment community.