Aurangzeb aims for enhanced collaboration with capital market for economic growth

Federal Minister for Finance & Revenue, Muhammad Aurangzeb, expressed the government’s commitment to bolster collaboration with the capital market to improve market efficiency, transparency, and investor protection.

He emphasized the Ministry of Finance’s intention to work closely with the capital market to devise strategies for promoting capital formation, encouraging listings, and facilitating access to capital, especially for small and medium enterprises (SMEs).

Furthermore, Aurangzeb highlighted the government’s eagerness for international collaboration, particularly with China, as a vital economic partner. He emphasized the exploration of potential partnerships with Chinese financial institutions and market participants to foster cross-border investment and knowledge exchange, aiming to significantly contribute to Pakistan’s capital market development and benefit both economies.

In a ceremony held at the Pakistan Stock Exchange (PSX), Muhammad Aurangzeb was formally welcomed by striking the gong to open the trading day.

The event, attended virtually by key stakeholders, business leaders, and market participants, showcased the government’s recognition of the capital market’s pivotal role in economic growth and documentation.bDuring the event, various speakers commended the Minister’s visit to PSX and expressed optimism about collaboration to achieve economic goals.

Farrukh Khan, MD & CEO of PSX, assured full support from the market in implementing the government’s economic program and emphasized the importance of a level playing field and consistent tax policies.

Dr. Shamshad Akhtar, Chairperson of PSX, underscored the significance of collaboration between PSX and the Ministry of Finance for fostering a conducive environment for capital market growth. She highlighted PSX’s strategic role in the capital market ecosystem and emphasized the importance of regulatory reforms and technological advancements to unlock the Exchange’s potential.

The event provided a platform for discussions on matters impacting the capital markets, business, and the current economic scenario, facilitating dialogue among top management of PSX, SECP, key stakeholders, market participants, and business leaders.