SECP taking steps for stability of capital market, risk mitigation: Chairman
Finance Minister Senator Ishaq Dar chaired a meeting with the Chairman Security Exchange Commission of Pakistan (SECP) and his team in Islamabad.
The Chairman briefed the Minister on the feedback on the promulgation of the New Companies Ordinance.
He told the Minister that as per his instructions all the feedback and proposals are being summarized to place before the National Assembly's Standing Committee on Finance.
The Chairman SECP also updated the Minister on the divestment of 40% blocked shares of the Pakistan Stock Exchange and the prospectus of development of Pakistan capital market.
He assured Finance Minister that SECP is taking all necessary steps for stability of the capital market and risk mitigation.
The Minister appreciated the hard work done by the SECP team which has contributed effectively in regulating the financial sector of the country. The Finance Minister also acknowledged the recent measures taken by the SECP on submission of quarterly accounts through email. He said these measures are another step towards encouraging use of technology and electronic means in conduct of business and its regulation.