Finance minister stresses ‘more balanced’ system where capital markets complement banking sector

Finance Minister Muhammad Aurangzeb on Wednesday emphasised that Pakistan must gradually move toward a “more balanced financial system”, in which capital markets would complement the banking sector in meeting the economy’s financing needs. The finance czar expressed these views while chairing a meeting of the Capital Market Development Council (CMDC), according to a press release issued by the finance ministry. The meeting was convened to review the “progress on reforms aimed at strengthening...

By none@none.com (News Desk)