The State Bank of Pakistan (SBP) and the Securities and Exchange Commission of Pakistan (SECP) have reinforced their collaboration to strengthen the country’s financial sector. Their latest meeting at the SECP Head Office in Islamabad focused on expanding sustainable government funding, enhancing economic growth, and advancing financial innovation.
During the discussions, both organizations emphasized the need to boost the role of capital markets in providing long-term and sustainable funding options for the government. This approach is seen as a way to reduce dependence on traditional borrowing methods and promote fiscal stability.
The meeting also highlighted strategies for increasing private sector financing, which is expected to contribute to overall economic growth. Bank officials and regulators agreed that better leveraging of financial technology and market infrastructure would create new opportunities for businesses and investors.
Further, both SBP and SECP reiterated their commitment to promoting digital payments, improving credit access, and driving innovation across the financial industry. Developing a resilient, inclusive, and tech-driven ecosystem remains a top priority as Pakistan works toward greater financial inclusion and broader economic participation.
In their remarks, SECP Chairperson Akif Saeed stressed the importance of collaboration between banks and capital markets for the country’s progress, while SBP Governor Jameel Ahmad praised SECP’s leadership in upgrading market infrastructure and called for continued efforts to use capital markets as an alternative funding source for the government.
The announcements mark a significant step in advancing Pakistan’s financial sector, positioning the country for more sustainable growth and innovation in the coming years.
