Finance Minister Muhammad Aurangzeb has called for urgent capital market reforms to bolster Pakistan's corporate debt market, reducing businesses' reliance on bank financing. The initiative aims to expand long-term funding options, especially for SMEs, and create a more balanced financial ecosystem. Discussions included developing local currency bonds, Islamic capital markets, and simplifying debt issuance processes. These reforms, if successful, could improve Pakistan's economic stability and investor confidence, potentially supporting the PKR against the USD and influencing gold's local price.
بحوالہ / Source: www.brecorder.com