The Securities and Exchange Commission of Pakistan (SECP) has framed Capital Market Development Plan for the period 2016-2018. The Plan is a roadmap for initiatives envisaged by the SECP for development of the capital market in the near future. It has been framed after extensive stakeholder consultation including suggestions and feedback from leading market professionals, stock exchange, central depository, clearing company and includes key reforms based on international best practices and benchmarks.
The Plan reveals multiple challenges being faced by the Pakistani Capital Market and outlines a future roadmap to tackle the same which include introduction of regulatory, structural and developmental initiatives at self-regulatory organisations, reforms for issuers and capital market intermediaries, reforms for product and market development, with specific focus on development of derivatives and debt capital market, reforms for facilitating ease of doing business and reforms for investors' awareness and facilitation. The Plan comprises of a detailed Action Plan under which responsible organisations for each initiative have been designated and timelines have been issued for implementation of the same.-PR
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