Bid to promote cross border trade in South Asia

The third meeting of South Asian Federation of Exchanges(SAFE) will be held in Pakistani city of Karachi on August 10-11 with the objectives to promote cross border listing and trade in Teh region, corporate in human resource development and transfer of technology and work toward acommon international accounting standard in business and securities markets.

Founder chairman of SAFE Amir Khasru M Chowdhury told a local daily on Sunday that South Asia would become a regional market and subsequently graduate into a global market.

He said that it was going to be a common capital market of 1.5 billion people in the region, consisting of 18
stock exchanges, having billions of dollar of market capitalization. SAFE was launched in the Bangladesh business capital Chittagong on January 16 this year with the participation of bourses from across South Asia, including India, Pakistan, Nepal, Bhutan and Bangladesh at the
initiative of the Chittagong Stock Exchange.

The second conference was held in Mumbai, India on April 17-19. Bangladesh wants a `full scale and proper` meeting with India soon at the level of foreign secretary to discuss several pending issues, official news agency Bangladesh Shanghai Shresthas-BSS quoted Foreign Secretary Shaft Sami in Dhaka on Sunday.
Sami, who is to leave for New Delhi on Sunday night said that we have many issues of bilateral interests to talks about. He however did not mention which specific issues will be taken up during such meeting. The foreign secretaries of two countries last met in Dhaka in late 1998. Sami said he was going to Delhi as a special envoy of Prime Minister Sheikh Hasina to convey a message to Indian Prime Minister Atal Behari Vajpayee.
Report : Afrosa Rosy

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