Aurangzeb Unveils Market Reform Agenda with SECP
Islamabad : Finance Minister Muhammad Aurangzeb has reaffirmed the government’s commitment to working closely with the Securities and Exchange Commission of Pakistan (SECP) on a comprehensive reform agenda aimed at deepening capital markets, expanding the investor base, reducing transaction costs, accelerating approvals, and ensuring transparent and efficient regulation.
He made these remarks during a meeting with the new leadership of SECP in Islamabad, where discussions focused on strengthening market structures and improving the overall financial ecosystem.
The finance minister stressed the importance of reducing reliance on banks as the primary source of financing and broadening market participation through insurance companies, asset managers, pension funds, and retail investors, in line with sound asset-liability management principles.
Muhammad Aurangzeb also highlighted the need to expand the pool of institutions capable of supporting capital-raising activities, enhance competition, and ensure that market infrastructure has sufficient capacity to manage increased issuance without operational bottlenecks.
The Finance Division shared updates on ongoing efforts to strengthen domestic debt management, including improvements in front, middle, and back-office functions as well as liability management operations. It noted that the next phase of reforms will require close coordination with SECP to further expand market depth, efficiency, and resilience.
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