Pakistan should bring capital market reforms to mobilize equity and debt investments: Asad Umar

MG News | March 18, 2019 at 11:38 AM GMT+05:00

0:00

March 18, 2019 (MLN): Asad Umar has said that Pakistan needs to bring capital market reforms to mobilize investments in equity and debt, as currently the market is over-regulated which is impeding its growth.

Speaking at the Bloomberg Economic Forum 2019 on Monday, the Finance Minister said that the first phase of the Economic Policy was meant to implement demand compression in the economy which can now be seen in the numbers.

He said that Pakistan needs to develop public-private partnership. Till now, only the power generation sector has seen the successful implementation of this.

He also emphasized on the need to develop opportunities for deployment of Islamic banking deposits which will help Islamic banking realize its full potential.

Pakistan's banking system is not mobilizing deposits effectively with Pakistan's banking deposits to GDP ratio one of the lowest in the world, he added.

He further remarked that Pakistan needs to focus more on domestic supply expansion.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	171,115.82 431.76M	-1.03% -1778.46
ALLSHR	102,630.82 1,022.40M	-0.72% -743.98
KSE30	51,478.54 123.81M	-1.23% -641.56
KMI30	245,731.79 184.52M	-1.22% -3035.83
KMIALLSHR	66,650.32 595.11M	-0.81% -541.20
BKTi	47,279.59 41.00M	-1.38% -660.98
OGTi	35,704.94 10.73M	-1.65% -598.06

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	80,390.00	80,730.00 79,370.00	45.00 0.06%
BRENT CRUDE	100.25	102.92 99.55	0.19 0.19%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-3.30 -2.91%
ROTTERDAM COAL MONTHLY	107.10	107.75 106.20	2.10 2.00%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	94.68	98.64 93.82	-0.13 -0.14%
SUGAR #11 WORLD	14.69	14.75 14.46	0.15 1.03%