LOLC Microfinance Bank Partners PTCL Smart Cloud
November 29, 2025
Finance Minister Senator Muhammad Aurangzeb established the Capital Market Development Council with SECP, State Bank of Pakistan, and Pakistan Stock Exchange. The council ordered a taxation review to boost corporate listings.
Read more: Aurangzeb Promotes Pakistan’s Investment Potential in Washington
Pakistan has established a Capital Market Development Council to drive comprehensive financial market reforms. Finance Minister Senator Muhammad Aurangzeb chaired the inaugural meeting in Islamabad, directing a thorough review of capital market taxation and incentive frameworks to boost corporate listings.
The council brought together representatives from SECP, State Bank of Pakistan (SBP), Pakistan Banks Association, Pakistan Stock Exchange – PSX, Central Depository Company of Pakistan Limited, National Clearing Company of Pak Ltd. (NCCPL), Pakistan Business Council, and Finance Division. Aurangzeb tasked the Tax Policy Office, SBP, SECP, Debt Management Office, and Finance Division with reassessing tax policies affecting market transactions and issuer incentives.
The council discussed strategies to increase retail and institutional investor participation, develop new investment products, and enhance intermediary roles including banks, brokers, and mutual funds. Working groups will prepare action plans with KPIs within two weeks, while quarterly progress reports will track implementation. The initiative integrates Pakistan’s three-tiered digitization program to streamline processes and improve regulatory oversight, aiming to channel domestic savings into productive investments.
