ISLAMABAD: Minister for Finance and Revenue Ishaq Dar assured that government would take measures to encourage investment in Pakistan. He made these remarks during meeting with delegation of Pakistan Stock Exchange (PSX) and Mutual Funds Association (MFA) of Pakistan. PSX was represented by its MD/CEO Farrukh Hussain and Chief Financial Officer Ahmed Ali whereas Mir Adil and Arif Qadri represented Mutual Funds, said press release issued here.

Ishaq Dar was accompanied by Dr Aisha Ghaus Pasha Minister of State for Finance, Tariq Bajwa Special Assistant to Prime Minister on Finance, Tariq Mehmood Pasha Special Assistant to Prime Minister on Revenue, Ashfaq Tola Chairman Reforms and others. During meeting, representatives of MFA highlighted growth of Sharia-compliant mutual funds and proposed that short-term Sharia-compliant sukuk should be launched. They proposed certain measures to be taken in upcoming budget to promote mutual funds. Representatives of PSX highlighted erosion of market capitalisation over last six years.

They said that stock market was highly documented segment and major contributor to national exchequer. They gave certain proposals to encourage people to invest in stock market.

Published in The Daily National Courier, June, 05 2023

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