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LAHORE, Dec 07 (APP): SAARC Chamber of Commerce and Industry former president Iftikhar Ali Malik has called for building vibrant and inclusive capital markets to support economic expansion, broaden investor participation and advance the ongoing structural reforms.
Talking to media persons here Sunday, he said developing a modern, integrated and investor-friendly capital market ecosystem must be a key national priority, essential for improving access to finance, promoting savings, deepening market activity and strengthening Pakistan’s long-term economic resilience.
Haling the judicious decision of creation of Capital Market Development Council (CMDC) at Ministry of Finance, he said, “It is a right step in right direction and the council must also focus on meeting the genuine requirements of cross-border market integration, technology alignment, regulatory modernisation and incentives for issuers to raise funds through debt and equity markets.”
Iftikhar Ali Malik said, government must reaffirm the importance of building high-liquidity, dynamic and transparent price-discovery mechanisms to strengthen the contribution of capital markets to national economic growth.
“It’s good omen that government has attached great importance for commitment to creating well-functioning markets which support issuers in raising capital and offer investors secure and competitive investment avenues,” he remarked.