SECP Forms Working Group for Pakistan's Corporate Debt Market Reforms

The Securities and Exchange Commission of Pakistan (SECP) has established a working group to overhaul the nation's corporate debt market, aiming to reduce reliance on bank lending and diversify long-term financing for businesses. This initiative, guided by the Federal Minister for Finance, seeks to develop a more vibrant, efficient, and investor-friendly debt market by addressing regulatory, legal, and policy bottlenecks. The group will review credit rating frameworks, issuance processes, costs, and Islamic Sukuk regulations, with recommendations due in 45 days. While crucial for Pakistan's long-term financial stability, this structural reform is unlikely to have an immediate, direct impact on gold or currency rates.

بحوالہ / Source: www.brecorder.com