AVN 68.45 Decreased By ▼ -0.03 (-0.04%)
BAFL 31.20 Increased By ▲ 0.20 (0.65%)
BOP 4.89 Decreased By ▼ -0.02 (-0.41%)
CNERGY 3.78 Increased By ▲ 0.03 (0.8%)
DFML 14.14 Decreased By ▼ -0.09 (-0.63%)
DGKC 41.15 Decreased By ▼ -0.49 (-1.18%)
EPCL 47.32 Increased By ▲ 1.95 (4.3%)
FCCL 11.55 Decreased By ▼ -0.16 (-1.37%)
FFL 5.11 Increased By ▲ 0.01 (0.2%)
FLYNG 5.99 Increased By ▲ 0.14 (2.39%)
GGL 10.73 Increased By ▲ 0.32 (3.07%)
HUBC 68.12 Decreased By ▼ -0.38 (-0.55%)
HUMNL 5.75 No Change ▼ 0.00 (0%)
KAPCO 28.11 Decreased By ▼ -0.11 (-0.39%)
KEL 2.27 Increased By ▲ 0.01 (0.44%)
LOTCHEM 26.89 Increased By ▲ 1.79 (7.13%)
MLCF 21.40 Decreased By ▼ -0.18 (-0.83%)
NETSOL 87.60 Decreased By ▼ -0.75 (-0.85%)
OGDC 99.40 Increased By ▲ 0.10 (0.1%)
PAEL 11.15 Increased By ▲ 0.04 (0.36%)
PIBTL 4.23 No Change ▼ 0.00 (0%)
PPL 80.20 Decreased By ▼ -2.25 (-2.73%)
PRL 13.39 Increased By ▲ 0.05 (0.37%)
SILK 0.90 No Change ▼ 0.00 (0%)
SNGP 43.35 Decreased By ▼ -1.03 (-2.32%)
TELE 6.10 Decreased By ▼ -0.08 (-1.29%)
TPLP 15.93 Increased By ▲ 0.12 (0.76%)
TRG 122.80 Increased By ▲ 3.05 (2.55%)
UNITY 14.08 Decreased By ▼ -0.02 (-0.14%)
WTL 1.33 Increased By ▲ 0.07 (5.56%)
BR100 4,182 Increased By 10.6 (0.25%)
BR30 15,269 Increased By 15.2 (0.1%)
KSE100 41,763 Increased By 240.5 (0.58%)
KSE30 15,770 Increased By 106.9 (0.68%)
Follow us

ISLAMABAD: Chairman of Securities and Exchange Commission of Pakistan (SECP) Aamir Khan on Monday reiterated SECP's commitment for enhancing cross-border cooperation among the capital market regulators of Central Asia Regional Economic Cooperation (CAREC) Forum.

SECP Chairman was addressing the first ever meeting of Economic Cooperation Organization (ECO) Heads of Capital Market Supervisory Authorities on Monday.

Aamir Khan stated that "without a shared vision that taps into a larger pool of intellectual and physical resources, we cannot do justice to our mandates".

The meeting arranged was arranged by the ECO Secretariat, and hosted by the SECP, to promote sustainable socioeconomic development of the region through collaboration between member states. The meeting was attended by representatives from eight of the total 10 ECO member countries, including Republic of Azerbaijan, Islamic Republic of Iran, Republic of Kazakhstan, Kyrgyz Republic, Islamic Republic of Pakistan, Republic of Turkey, Turkmenistan, and Republic of Uzbekistan.

Khan, speaking at the occasion, stressed upon the importance of collaboration and knowledge sharing between member states, which will enable the region to achieve shared success. He also briefed participants about recent reforms carried out by SECP to improve Pakistan’s capital markets.

Khan reiterated SECP's commitment for enhancing cross-border cooperation, recalling the earlier meeting of capital market regulators forum of Central Asia Regional Economic Cooperation Forum hosted by SECP in 2019. He added that, "Our glorious shared and individual histories place a burden on us today to create the environment that fosters a sustainable future for posterity".

Musarat Jabeen, Executive Director SECP, welcomed the participants, and stated that through leveraging the experience of other member states, ECO members have huge potential for advancement in the realm of capital markets.

Seyed Mohsen Esperi, Deputy Secretary General, ECO Secretariat, spoke about market connectivity and benefits of information sharing to make effective use of available opportunities in the region. The participants exchanged views on establishment and mandate of the Capital Market Supervisory Authorities' Forum; opportunities and challenges of faced by member countries, and deliberated on mechanism for information sharing and regulatory capacity building of ECO members.

Representatives of member states appreciated this initiative, and shared their views on current state of their capital markets. Meysem Hamedi from Iran expressed appreciated establishment of the forum, stating that the forum will enable innovation in regional markets, which will benefit all countries.

Ms. Selcan Olca, from Turkiye, expressed that participating countries may learn from each other's experience, which will lead to overall strengthening of regulatory framework in the region.

Copyright Business Recorder, 2022


Comments are closed.

CAREC Forum: SECP for more cross-border cooperation among capital market regulators

Intra-day update: rupee up 1.8% against US dollar

FY24 budget: FBR invites proposals on income tax

LHC suspends ECP's order de-notifying 43 PTI MNAs

AIIB chief economist briefed about state of economy

Dar inducts four new members into ‘RRMC’

Reason behind cut in PSDP disbursement identified

Rs 417bn received by KP: Cabinet decides to conduct audit

Thar coal-based power plant: COD achieved

Power breakdown of Jan 23: Senate panel directs Power Division to conduct probe

TAPI gas pipeline: Pakistan willing to go ahead with or without India