SECP deliberates 3-year plan for capital market development

January 17, 2025 (MLN): The Securities and Exchange Commission of Pakistan (SECP) deliberated on the three-year strategic plans of the respective institutions for the development of the capital market.

This was discussed during a meeting between SECP Chairman Akif Saeed and the Chairpersons and senior representatives of the Pakistan Stock Exchange (PSX), National Clearing Company of Pakistan Limited (NCCPL), and Pakistan Mercantile Exchange (PMEX)

SECP Chairman further stressed the need for a smooth transition to the T+1 settlement cycle by the end of May 2025, as per the press release issued today.

The need to develop new products, expand the stock market investor base, and attract new Initial Public Offerings (IPOs) was also discussed during the meeting.

The senior management of the PSX presented its strategic plan, focused on targets relating to effective governance, operational excellence, and market development.

Among other initiatives, the participants discussed the possibility of engaging financial institutions for more active participation in the capital market, reforms in the margining regime, and holding awareness sessions for greater market outreach.

The SECP management also met separately with the PMEX management to discuss the strategic plan for the commodities market.

The discussion focused on the risk management regime, internal governance, warehousing infrastructure, and the development of agricultural commodities futures and the spot market.

The SECP Chairman, accompanied by the Commissioner and senior officials of the Specialized Companies Division, also convened a meeting with the Mutual Funds Association of Pakistan (MUFAP).

The meeting focused on the role of the mutual funds industry in the capital market and recent regulatory reforms in the Non-Banking Finance Companies Regulations, 2008.

The deliberations will go a long way towards aligning the agenda with respective Capital Market Infrastructure Institutions, for sustainable development of the capital market in Pakistan.

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