Pakistan, Aug. 18 -- The Securities and Exchange Commission of Pakistan (SECP) has established a dedicated Corporate Debt Market Desk to promote the corporate debt market and facilitate capital raising through debt instruments.

The desk will support issuers and market participants by making debt issuance simpler, faster and more cost-efficient, said a press release issued by the SECP on Monday. Federal Minister for Finance Senator Muhammad Aurangzeb has directed the development of a vibrant and efficient corporate debt market to diversify long-term financing options for businesses and reduce reliance on bank lending. A senior SECP official has been designated as focal person for the Desk, which will facilitate public offerings and privat...