The Securities and Exchange Commission of Pakistan (SECP) would share recommendations of the Consultative Group on Capital Markets (CGCP) with the stakeholders for developing consensus on policy decisions regarding capital markets in Pakistan.
The commission had revived the Consultative Group on Capital Markets under the chairmanship of Aftab Ahmed Diwan, Chief Operating Officer Central Depository Company of Pakistan Limited.
The Group which has representation from Karachi Stock Exchange, National Clearing Company of Pakistan Limited, Banks, Mutual Funds, SECP and other capital market experts, has been meeting frequently to deliberate/review international best practices and suggest measures for the overall growth and development of capital markets.
The Group has been mandated to explore avenues of new product development including leverage products, debt capital market, new listings, etc. All recommendations of the Group shall be shared with the wider range of stakeholders so as to have their input and develop consensus before implementing important policy decisions impacting the capital markets in Pakistan, SECP added.
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