In a significant move to strengthen regional capital markets, the Dhaka Stock Exchange (DSE), the Pakistan Stock Exchange (PSX), and the Colombo Stock Exchange (CSE) have entered into a landmark tripartite memorandum of understanding (MoU). This agreement, signed on Thursday in Colombo, aims to foster enhanced cooperation and collaboration among the three South Asian bourses.
The MoU outlines a comprehensive framework for collaboration, encompassing technology development and sharing, human resource collaboration, product development, regulatory coordination, investor protection, and knowledge exchange. The agreement is designed to address the unique challenges faced by these markets and unlock their immense potential.
The signing ceremony was graced by prominent figures, including DSE Chairman Mominul Islam, CSE Chairman Dilshan Wirasekara, and Securities and Exchange Commission of Pakistan Chairman Akif Saeed, along with directors and senior officials from the respective institutions.
DSE Chairman Mominul Islam emphasized the need for collaboration, stating, “South Asian stock exchanges—except for India—face technological and operational constraints due to their relatively small size. These limitations prevent markets with immense potential from reaching their full capacity.” This strategic alliance seeks to overcome these obstacles through shared resources and expertise.
The agreement signifies a commitment to regional economic growth and development, aiming to create more robust and efficient capital markets that benefit investors and businesses across Bangladesh, Pakistan, and Sri Lanka. This alliance will also help to promote investor confidence and foster a more stable economic environment.
