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This file photo shows newly appointed Finance Minister Shaukat Tarin. AFP/File
ISLAMABAD: Federal Minister for Finance and Revenue Shaukat Tarin on Monday chaired the first meeting of the Capital Market Advisory Council (CMAC).
Speaking at the meeting, Mr Tarin said the establishment of CMAC was long overdue. “Capital markets can improve risk sharing and the efficiency with which capital is allocated to the real economy; thereby boosting economic growth and development,” he added.
The CMAC was established under the Capital Market Development Plan (CMPD) in April 2020 with the goal of introducing reforms in capital markets across the country.
The finance secretary briefed the council members about the purpose behind the formation of the CMAC.
Daily Times The underlying rationale is to attract investors, especially ones with lesser resources, to contribute in capital markets
July 20, 2021
Federal Minister for Finance and Revenue Shaukat Tarin chaired the first meeting of the Capital Market Advisory Council (CMAC), which was established to introduce reforms in the capital markets in the country.
According to press statement issued by the finance ministry, Special Assistant to Prime Minister on Finance and Revenue DrWaqar Masood, Secretary Finance Division, Chairman Securities and Exchange Commission of Pakistan (SECP) Aamir Khan, Chairman HBL Sultan Ali Allana and other senior officials participated in the meeting.
Governor State Bank of Pakistan (SBP) Reza Baqir joined through a video link, the statement added.Capital Market Advisory Council was established (CMAC) in April 2020 under the Capital Market Development Plan (CMDP).
Tarin directs setting up body for capital market development
July 20, 2021
ISLAMABAD: Finance Minister Shaukat Tarin on Monday directed concerned authorities to set up a coordination committee to implement recommendations for the development of the country’s capital market roadmap, which was prepared by the Capital Market Advisory Council (CMAC).
The minister chaired the first meeting of the CMAC held at the Finance Division. Special Assistant to the Prime Minister on Finance and Revenue Dr Waqar Masood, secretary finance division, Securities and Exchange Commission of Pakistan (SECP) Chairman Aamir Khan, HBL Chairman Sultan Ali Allana and other senior officials participated in the meeting. State Bank of Pakistan Governor Reza Baqir joined through a video link.
Capital Market Advisory Council meets
“Reforms will be introduced after taking input from all the relevant stakeholders”
APP July 20, 2021
ISLAMABAD:
The establishment of Capital Market Advisory Council (CMAC) was long overdue as capital markets can improve risk-sharing and the efficiency with which capital is allocated to the real economy, thereby boosting economic growth and development, said Finance Minister Shaukat Tarin.
Chairing the first meeting of CMAC on Monday, he said that the underlying rationale of the body was to attract investors, especially the ones with lesser resources, to contribute to the capital markets so that their limited resources could be channelised into productive uses.