ISLAMABAD: Federal Minister for Finance, Senator Mohammad Ishaq Dar has appreciated the Securities and Exchange Commission of Pakistan (SECP) for reforming the corporate sector.
The Finance Minister was chairing a meeting to discuss corporate sector reforms here at the Ministry of Finance on Monday.
Chairman SECP briefed the Finance Minister on the ongoing deliberation by the National Assembly Standing (NA) Committee on Finance on the new Companies law, which aims at introducing a number of reforms in the corporate sector of Pakistan.
He also apprised the Minister of other reform initiatives being undertaken by the SECP. He informed that the arrival of foreign partners in the Pakistan Stock Exchange (PSX) had been well received in the market and stock index is likely to show even better performance in the future.
Ishaq Dar speaking on the occasion said that the implementation of demutualization of stock exchange was paying rich dividends and said that other reforms initiatives would also yield positive results for the economy.
He further said that good corporate governance was essential for a vibrant and dynamic economy and SECP should continue to perform its positive role in this regard.
