Finance Minister Shaukat Tarin said the creation of the Capital Markets Advisory Council (CMAC) was long overdue as capital markets have the capacity to improve risk allocation and efficiency by channeling capital into the real sectors of the economy, thereby contributing to economic growth and development.
Tarin, who chaired the first meeting of CMAC on Monday, said the body’s goal is to get investors, especially those with fewer resources, to participate in capital markets so that their limited resources can be diverted into productive uses in the economy.
The Minister of Finance briefed the Board members on the purpose of the CMAC.
“The main idea is to attract investors, especially those with fewer resources, to participate in the capital markets, directing their limited resources to more productive use. Reforms will be implemented with the participation of all relevant stakeholders. ”
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