Pakistan, July 18 -- Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, chaired a meeting of the Capital Market Development Council (CMDC) to review progress on capital market reforms, with particular focus on accelerating the development of Pakistan's corporate debt market and strengthening capital markets as an important source of long-term financing for the private sector.

According to press release issued by finance ministry, the meeting reviewed the current state of Pakistan's capital markets, with particular focus on accelerating the development of the corporate debt market and broadening access to diversified financing sources.

The finance minister observed that while the equity market has demonstrated encourag...