The government moved forward with its new capital market plan on Friday as Finance Minister Muhammad Aurangzeb vowed to build vibrant and inclusive markets. He said strong and modern markets are essential for savings, investment and long-term economic stability. The minister stressed that improving the capital market will support growth and help more people participate in the economy.
During the meeting, top officials from SECP, SBP, PSX, CDC, NCCPL, PBA and PBC discussed the roadmap for reform. They reviewed global best practices and called for a structured plan to deepen the capital market. Participants highlighted the need for clear rules, better coordination and stronger systems to support investors and issuers.
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The discussions focused on expanding retail and institutional participation, creating diversified investment products and improving support for brokers, banks and mutual funds. They also stressed incentives for companies and investors, including cross-border listings, technology upgrades and regulatory modernization. Officials said these steps would create stable and transparent price-discovery systems.
Finance Minister Chairs First Meeting of Capital Market Development Council (CMDC)
Federal Minister for Finance & Revenue, Senator Muhammad Aurangzeb, chaired the inaugural meeting of the Capital Market Development Council (CMDC) today at the Finance Division.
The Minister… pic.twitter.com/18KSAMuAK3
— Ministry of Finance, Government of Pakistan (@Financegovpk) November 28, 2025
Aurangzeb said a strong capital market will help companies raise funds and give investors safer and more competitive options. He urged the council to remove hurdles that limit private sector activity and asked both government and businesses to make better use of debt markets. He noted that reforms already show progress and must continue without delay.
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The meeting also reviewed tax policies, regulatory oversight and incentives to encourage more listings. Aurangzeb ordered key departments to review capital market taxation and align it with global standards. He emphasized rewarding compliant companies and directed the council to include the government’s new digitization plan in the capital market roadmap.