Published on, Aug. 21 -- August 21, 2025 8:26 AM
The Securities and Exchange Commission of Pakistan (SECP) has approved the operationalization of the Capital Market Development Fund (CMDF) along with its Terms of Reference (TORs) to address the immediate development needs of the capital market in line with international best practices.
The primary objective of the CMDF is to enhance financial literacy and public awareness, equipping retail investors with knowledge of capital market opportunities, according to SECP press release issued here Wednesday. This is expected to boost financial inclusion and provide an alternative funding channel to meet the credit needs of the economy. Secondary objectives include capacity building of market pa...
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