Capital Market Development Fund | Pakistan

ISLAMABAD: Key capital market institutions of Pakistan on Wednesday established the Capital Market Development Fund (CMDF), aimed at promoting financial literacy, expanding financial inclusion and increasing retail investor participation in the capital markets across the country. The main participants of the CMDF included the Pakistan Stock Exchange (PSX), Central Depository Company (CDC), National Clearing Company of Pakistan Limited (NCCPL), Pakistan Mercantile Exchange (PMX) and the Institute of Financial Markets of Pakistan (IFMP). The CMDF was established under the auspices of the Securities and Exchange Commission of Pakistan (SECP) to ensure coordination in the industry and strengthen the institutional capacity in Pakistan’s capital markets. Addressing the ceremony, Finance Minister Muhammad Aurangzeb said recent regional tensions had reinforced the need for Pakistan to make independent commercial decisions, diversify energy resources, and mobilise domestic capital for national development. “We must re...

The Securities and Exchange Commission of Pakistan (SECP) has approved the operationalization of the Capital Market Development Fund (CMDF) aimed at enhancing financial literacy and creating greater public awareness about investment opportunities.