ISLAMABAD– The Securities and Exchange Commission of Pakistan (SECP) and the State Bank of Pakistan (SBP) held their 33rd Coordination Committee Meeting at the SECP Head Office in Islamabad.
The SBP-SECP Coordination Committee serves as a high-level platform for strategic dialogue and regulatory coordination between Pakistan’s two key financial regulators. It focuses on strengthening collaboration, aligning policies, and driving joint initiatives to enhance the development and stability of Pakistan’s financial system.
Governor of SBP, Mr. Jameel Ahmad, emphasized the importance of utilizing capital markets as an alternative and sustainable source of funding for the government. He highlighted that this approach would enable banks to focus on financing the private sector and stimulate economic growth. He also praised SECP’s efforts in advancing market infrastructure and reaffirmed SBP’s commitment to ongoing collaborative reforms.
SECP Chairperson, Mr. Akif Saeed, stressed the crucial role of banks in enhancing Pakistan’s capital markets. He noted that closer collaboration with capital market institutions could help banks capitalize on permissible opportunities, thereby fostering market growth and broader economic development.
Key topics of discussion included digital payment integration within the capital market, improving access to credit information for regulatory purposes, and addressing challenges related to legacy credit data. The Committee also reviewed progress on initiatives aimed at financial product innovation, shared digital infrastructure, and regulatory alignment in emerging sectors.
Both institutions reiterated their commitment to continued cooperation in building a resilient, inclusive, and technology-driven financial ecosystem.
