Senator Muhammad Aurangzeb, Federal Minister for Finance and Revenue, chaired the inaugural meeting of the Capital Market Development Council (CMDC) at the Finance Division. He emphasized that the government is committed to building vibrant, inclusive, and investor-friendly capital markets to finance economic growth, increase investor participation, and support ongoing structural reforms.
The meeting brought together senior officials from SECP, SBP, PSX, PBA, CDC, NCCPL, PBC, and other government departments. Discussions focused on enhancing retail and institutional investor participation, creating diversified investment products, improving facilitation for intermediaries, and incentivizing issuers, including cross-border listings.
Minister Aurangzeb highlighted the importance of high liquidity and transparent markets and instructed the Council to address bottlenecks limiting private sector participation. Regulatory, taxation, and incentive frameworks were also reviewed to promote listing, product development, and market competitiveness.
The Council will establish dedicated working groups, prepare Key Performance Indicators (KPIs) and Action Plans within two weeks, and submit quarterly progress reports. These measures aim to create a dynamic and flexible capital market ecosystem, channel savings into productive investments, and strengthen Pakistan’s financial stability.
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