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.