Subsidiaries/Associated Companies


Associated Companies



LSE Ventures Limited

LSE Ventures Limited (LSEVL) is engaged in the business of investment management in portfolio companies, pre-IPO stage equity investments and treasury management. LSEVL also holds strategic investments in several companies, representing diversified sectors, such as capital market infrastructure companies, financial services, commodity exchange, credit rating agency, digital technology and growth enterprises, technology and hard-core infrastructure companies.







Central Depository Company – (CDC))

Central Depository Company is recognized as the infrastructure backbone of the Pakistan Capital Market and it is the sole securities depository in the country. In the past two decades, CDC has also evolved as one of the leading and most prestigious infrastructure institutions in Pakistan with a focus on the capital market.







National Clearing Company of Pakistan Limited – (NCCPL)

NCCPL is a significant element of Pakistan’s Capital Market that provides centralized Clearing and Settlement Services for all trades/transactions executed at the Pakistan Stock Exchange Limited in the Equities, Derivatives and Debt Market.






Pakistan Mercantile Stock Exchange – (PMEX)

Pakistan Mercantile Exchange Limited (PMEX) is the country’s first and only demutualized commodity futures exchange, licensed and regulated by the Securities and Exchange Commission of Pakistan (SECP). Based on sophisticated multi-dimensional infrastructure and state-of-the-art technology, PMEX offers a complete suite of services i.e. trading, clearing & settlement, custody as well as back office, all under one roof.

PMEX was formed in 2002 and started its operations in May 2007 offering a diverse range of domestic and international products across multiple asset classes. PMEX is a demutualized exchange and the shareholding is completely institution based.






The Pakistan Credit Rating Agency – (PACRA)

Utilizing decades of industry experience and functional expertise, PACRA seeks to be an agent of change, developing insightful risk solutions, transforming both the rating business and the industry in line with the best practices. Being the first rating agency in Pakistan, PACRA carries the onus of leadership. Hence, innovation and evolution in process and practices are defining attributes. PACRA is in the business to evaluate the capacity and willingness of an obligor to honor its financial obligations. Its credit rating opinion reflects an independent, professional and impartial assessment of the credit risk associated with a particular debt instrument or an entity. By providing a measurement of risk, this facilitates investors in making prudent investment decisions.






Digital Custodian Company Limited

Pakistan’s first-ever Multi-Assets’ Servicing Company providing life-cycle management solutions for the digitized financial and real assets.

DCCL is the pioneer in the digital issuance, management and book-entry transfers via the smart-ledgers for a variety of assets defined in the NBFC Rules, by providing trustee/custodial/registry/repository functions.