Strengthening of capital markets urged for resource mobilization: Shamshad

Caretaker Finance Minister, Dr. Shamshad Akhtar says strengthening of the capital market is critical for augmenting domestic resource mobilization to support the growing financing requirements of the country.

Chairing a meeting to consider proposals and recommendations for capital market development in Islamabad, the minister said the capital markets serve as a key avenue for attracting foreign inflows.

The Finance Minister also formed a Committee of key members of stock market to develop a Roadmap for the Future Development of Capital Market and had called on SECP to submit a new strategic plan for the next few years.

She said both private sector and government should work together to realize this goal.

The meeting among others was attended by Secretary Finance, Chairman Pakistan Stock Exchange and his team, and Chairman Securities and Exchange Commission of Pakistan.

Source: Radio Pakistan