Staff Report
ISLAMABAD: Pakistan’s Finance Minister, Senator Mohammad Ishaq Dar, on Wednesday promised to ensure a conducive economic environment to attract more companies and investments in Pakistan and put the country’s economy on a positive trajectory soon.
The Finance Minister was virtually addressing a Ceremony to mark the first listing of a developmental REIT (Globe Residency REIT) on the Pakistan Stock Exchange.
Dr. Shamshad Akhtar, Chairperson of Pakistan Stock Exchange, Farrukh H. Khan, CEO of Pakistan Stock Exchange, Akif Saeed, Chairman of SECP, and Arif Habib, Chairman of Arif Habib Group of Companies, participated in the ceremony.
During his address, Ishaq Dar highlighted the need to consolidate the country’s stock market during challenging economic circumstances. He emphasized to the concerned authorities not to let rumours create uncertainty in the capital markets.
Favourable economic environment for progress
The minister also stressed the role of SECP as a contributor to Pakistan’s financial and economic development by restoring and maintaining the confidence of domestic and foreign investors.
Appreciating the proposals by Chairman SECP Akif Saeed for improvements and reforms in the corporate sector, the Finance Minister emphasized that SECP should play its active role as a regulator of the corporate sector and further extended his support to SECP for the economic progress and development of the country. In conclusion, he assured the participants that despite the challenges, Pakistan is destined to progress and develop.
