Finance Minister Muhammad Aurangzeb highlighted Pakistan's underdeveloped corporate debt market, emphasizing the need for accelerated reforms to reduce dependence on bank lending. He chaired a Capital Market Development Council meeting, focusing on strengthening capital markets as a long-term financing source for the private sector, particularly SMEs. The minister called for dedicated institutional capacity, simplified issuance processes, and greater competition among market intermediaries. This push for financial system reform could foster greater economic stability and investor confidence, potentially offering long-term support for the Pakistani Rupee.
بحوالہ / Source: www.brecorder.com