Finance Minister Directs  Overseeing Capital Market TORs

The Federal Minister for Finance and Revenue, Mr. Shaukat Tarin, chaired the first meeting of the Capital Market Advisory Council (CMAC), held on the Finance Division today.

 He further instructed to encompass contributors from SECP, SBP, Pakistan Banking Council, business markets, legal counsel, and a professional on Islamic Banking withinside the Coordination Committee for complete stakeholder feedback.

It was also decided that the SECP will be the secretariat of the Coordination Committee, and Chairman SECP will be the head/secretary of the Coordination Committee. It has become agreed that the Coordination Committee could meet once every month and send its tips for evaluation to the Apex committee of the CMAC so that it will difficulty guidelines for SECP and different applicable stakeholders for the very last implementation.

SAPM on Finance and Revenue, Dr. Waqar Masood, Secretary Finance Division, Chairman SECP, Aamir Khan, Chairman HBL, Sultan Ali Allana, and different senior officers participated withinside the assembly. Governor State Bank of Pakistan, Reza Baqir, joined thru a video link.

  introduce reforms withinside the capital markets withinside the country.

capital is allotted to the actual economy, thereby boosting economic growth and development. The underlying cause is to draw investors – specifically ones with lesser sources – to make a contribution to capital markets in order that their confined sources are channelized into more productive use.

The reforms can be added after having enter from all of the applicable stakeholders, he stressed.

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