Economic Self-Reliance Key to Stability, Capital Markets Crucial: Muhammad Aurangzeb

ISLAMABAD: (Mudassar Iqbal/ News Desk) – A signing ceremony for the Capital Market Development Fund agreement was held in Islamabad, marking an important step toward strengthening Pakistan’s financial markets and expanding investor participation.

Federal Minister for Finance Muhammad Aurangzeb attended the event as chief guest, while Akif Saeed, Chairman of the Securities and Exchange Commission of Pakistan (SECP), addressed participants alongside representatives from key institutions, including the Pakistan Stock Exchange, Central Depository Company, and National Clearing Company of Pakistan Limited.

Officials described the initiative as a significant milestone aimed at improving awareness, accessibility, and participation in capital markets. A collaborative platform has been created by SECP and market institutions to encourage investment and broaden outreach.

Speaking at the ceremony, Akif Saeed highlighted that currently less than one percent of Pakistan’s population is involved in the stock market. He announced a target to increase the investor base to 2.5 million through focused strategies, particularly by engaging youth and first-time investors. Ongoing reforms and awareness campaigns are expected to play a key role in achieving this goal.

Finance Minister Muhammad Aurangzeb stressed the importance of economic self-reliance amid regional uncertainties, calling for a shift toward alternative energy and greater reliance on domestic resources. He emphasized that strong capital markets are essential for long-term economic stability.

He also pointed to recent government efforts to stabilize foreign exchange reserves and maintain steady oil supplies, while reaffirming full support for regulatory reforms under SECP.

Highlighting future priorities, the minister underscored the importance of engaging younger generations, especially Gen Z, in investment activities, describing them as crucial for advancing financial inclusion and sustaining economic growth.