From the FT:
"The Shanghai Stock Exchange is in pole position to buy a stake in Pakistan’s bourse, in a move that would mark the Chinese exchange’s first overseas investment and bolster financial ties with one of China’s closest partners...
Yasin Lakhani, a former chairman of the Karachi bourse who now serves on its board, said the Shanghai Stock Exchange was among three shortlisted candidates for the investment. The Securities and Exchange Commission of Pakistan [SECP] has set a November deadline for the investment."
They do have so much in common.Continue reading: Synergy du jour