Finance Minister Muhammad Aurangzeb has said the government stands firm in achieving its economic targets.He was addressing the Capital Market Development Fund (CMDF) signing ceremony organized by Securities and Exchange Commission of Pakistan in Islamabad. The Finance Minister affirmed to fulfill the commitments made with the international institutions for the current fiscal year.

Muhammad Aurangzeb expressed satisfaction that despite US-Iran conflict, Pakistan has been able to tap international capital markets after a hiatus of four years.  He said it shows the trust and confidence of international investors and institutional investors in Pakistan.Describing the launch of Capital Market Development Fund as a milestone, the Finance Minister said it reflects our collective resolve to deepen, broaden and modernize the capital markets in Pakistan.

He mentioned that over two hundred and twenty thousand investors entered our equity market over the last two years. He said twenty four thousand new investors entered the market in April, marking the highest number ever recorded in a single month. He said the government is working to provide the ecosystem to the private sector to lead the country on the economic front.  The Finance Minister also assured to take every possible step to accelerate the country's journey towards renewable energy.

Credit: Independent News Pakistan (INP)