Pakistan’s Federal Finance Minister Muhammad Aurangzeb has intensified efforts to deepen the country’s corporate debt market, chairing a meeting of the Capital Market Development Council (CMDC) on Friday to review progress on ongoing capital market reforms.
The session focused on structural changes aimed at expanding access to non-bank financing for businesses, a critical component of the government’s broader economic stabilization strategy.
The push to develop the corporate bond market comes as part of a wider initiative to diversify funding sources for Pakistani enterprises.
By reducing reliance on bank credit, the government aims to lower borrowing costs and improve liquidity conditions for the private sector.
This aligns with previous commitments by Aurangzeb to engage directly with trading and industrial sectors to address business concerns and streamline regulatory frameworks.
The reforms are expected to enhance market depth and attract both domestic and foreign investors to Pakistan’s capital markets.