SECP to develop markets, corporate sector

Establishes forum to start dialogue with stakeholders.

ISLAMABAD:

The Securities and Exchange Commission of Pakistan (SECP) has said that it has formed a financial markets and corporate sector development forum to effectively engage policymakers, businessmen, market experts and other stakeholders in a dialogue for development of fair, orderly and efficient non-bank financial markets and a vibrant corporate sector.

The forum, which will hold its first meeting on July 28, is aimed at achieving market development objectives through engaging major stakeholders and key decision-makers in order to solicit their feedback and input on sector-specific issues and matters of policy, says an SECP press release.

The forum, scheduled to meet on a monthly basis, will cover non-bank financial market segments such as equity, debt, real estate investment trusts, mutual funds, commodities and currency futures, investment banks, leasing, modaraba and private equity and venture capital. Additionally, it will also cover corporatisation, long-term savings, insurance and private pensions, expansion of non-banking products, fiscal reforms and regulatory issues.

Published in The Express Tribune, July 27^th,  2011.