Islamabad, November 27, 2025 — Special Assistant to the Prime Minister for Industries and Production Haroon Akhtar Khan chaired a Regulatory Reforms Sub-Committee meeting to review measures focused on listed company reforms. Senior representatives from the Securities and Exchange Commission of Pakistan, the State Bank of Pakistan and the Board of Investment attended, including Scott Jacob.
The committee held a detailed discussion on strategies to address Pakistan’s weak stock market performance, the limited scale of listed companies and their low contribution to GDP. Members highlighted that targeted listed company reforms are essential to broaden market participation and attract sustained investment.
Haroon Akhtar Khan said that on the directions of Prime Minister Shehbaz Sharif efforts are being accelerated to make the regulatory system more business friendly by removing unnecessary restrictions. “The vision of Prime Minister Shehbaz Sharif is to restore investor confidence and stimulate economic activity,” he said, noting that regulatory improvements are being advanced to promote business and investment.
Officials explained that the reform package draws on global best practices, emphasizing less regulated, high performance models with minimal restrictions to strengthen compliance mechanisms while allowing operational flexibility. These listed company reforms are intended to reduce compliance pressures on businesses and raise regulatory standards across the corporate sector.
The meeting underscored that reforms were developed in consultation with the private sector to support sustainable economic development and to align Pakistan’s capital market with international benchmarks. Participants said the measures will modernize corporate governance, facilitate a more conducive environment for domestic and foreign investment and help revive investor confidence in Pakistan’s markets.
