SECP discusses capital market development with PSX Board

KARACHI: The top management of the Securities and Exchange Commission of Pakistan (SECP) met with the board of directors of the Pakistan Stock Exchange (PSX) to discuss strategy for the development of the capital market.

Participants from the SECP included Akif Saeed (chairperson), Abdul Rehman Warraich (commissioner – securities market division) and other senior members of the management.The participants discussed the challenges faced in the capital market and discussed ways to address them. The meeting was focused on areas such as enhanced governance, operational compliance, increasing the stock market investor base, and striving for digitalization in the capital market.

The need for coordination among various stakeholders for the development of the market, as well as creating awareness among potential investors, was keenly emphasised during the meeting.

The participants also explored ways to strengthen connections between the capital markets of Pakistan and China and attract greater Chinese investment in companies listed at the PSX. In this regard, engagement with the stock market regulator, exchanges, and notable market participants of China was deemed the basis for further collaboration and creating deeper linkages between the capital markets of the two countries.