The Securities and Exchange Commission of Pakistan (SECP) and the State Bank of Pakistan (SBP) have reaffirmed their commitment to strengthening the country’s financial sector through enhanced collaboration. In their 33rd Coordination Committee Meeting, held at SECP’s Head Office in Islamabad, both institutions outlined several key initiatives aimed at supporting sustainable economic growth and fostering innovation.
Discussions focused on leveraging capital markets to provide alternative and sustainable funding for the government, reducing reliance on traditional sources. The participants highlighted the potential of capital markets to play a greater role in meeting the financing needs of both the public and private sectors, which is seen as essential for Pakistan’s long-term economic stability.
Another major area of focus was boosting private sector financing. By encouraging greater access to credit and investment, both the SECP and SBP aim to stimulate entrepreneurship, create jobs, and drive forward Pakistan’s economic development.
The meeting also addressed the advancement of digital payments and financial technologies. Officials stressed the importance of adopting innovative digital solutions to increase financial inclusion and improve access to banking services for individuals and businesses across the country.
SECP Chairperson Akif Saeed pointed to the crucial role of banks in supporting the development of capital markets, emphasizing the need for continued partnership between regulatory bodies and financial institutions. SBP Governor Jameel Ahmad lauded the SECP’s ongoing efforts to strengthen market infrastructure and highlighted the shared vision for a resilient, inclusive, and technology-driven financial ecosystem.
The meeting marked a significant step toward deeper cooperation between the SECP and SBP, reflecting a shared goal of building a more dynamic and robust financial future for Pakistan.
