The Chairman Securities and Exchange Commission of Pakistan (SECP) Mr. Farrukh H. Sabzwari, along with his team comprising, Commissioner (Securities Market Division) and Executive Director Securities Market Division), visited the Pakistan Stock Exchange Limited (PSX) on Thursday to hold meetings with members of the PSX board of directors and management.
He emphasized that the capital market has a pivotal role in boosting economic activity within the country. The SECP in line with the vision of the Government is therefore focused on implementing a multifaceted reform agenda for development of the market as a globally competitive investment destination.
After an overview of the past and present reforms in the market, open discussions were held on measures required for further development of the market through timely introduction of new products, market developmental reforms, investor protection measures and efforts for expanding market outreach through investor education and awareness initiatives.
Expounding on the role of PSX as a capital generation platform, discussions were also held on measures required for promoting new listings of equity issues and channelizing efforts for listing of Small and Medium Enterprises. It was stressed that PSX is well-positioned as a viable platform for meeting the infrastructural financing needs of the government and increasing retail participation in government and corporate debt segment.
The PSX board of directors in conclusion thanked the Chairman SECP and his team and expressed their resolve to continue working tirelessly for further development of the market.