City Schools planning country’s first education IPO

London: Chief Executive Officer of second largest private school network in Pakistan, City School group, told media that the firm is planning to list its shares on the Pakistan Stock Exchange.

The group, which runs at least 192 schools crosswise the country, is regarding as a private placement followed by a listing, because it tries to purchase land to build and expand its campuses.

If this plan takes shape, City Schools will become the first educational institution in the country to be listed on the stock exchange.

In spite of her plans for her company, Firoz explained that the opening of new school branches will not improve the poor education system of the country as most of the students in her school belong to the “upper class”.

“The final and absolute responsibility for improving the education system of country is of the government,” she said.

Read More: Government oders private schools management not to collect fee in advance during summer vacations. 

The statement comes after MSCI, a leading international provider of research-based indices and analytics. MSCI announced last month that it will be looking for feedback on the proposal to re-classify the MSCI Pakistan Index to emerging market status.

Final decision would be announced till June 14^th, 2016.

Today, the City School is one of the largest private school networks in Pakistan along with the branches in all major cities crosswise the country. It presently has schools in 54 cities with more than 60,000 students and 8,000 employees. The school utilizes curriculum derived from the UK national curriculum.