The Finance Minister Mr. Ishaq Dar has issued instructions for meeting all legal formalities and ground work for launching trading of government securities at stock exchanges across the country by the end of January, 2014. These instructions were given at a committee meeting. The minister also issued instructions to all stake holders – SBP, SECP, KSE and CDC to place in the regulatory and operational framework for trading of Government Securities.
He said that small savers and investors will be given opportunity to invest in government securities and while international investors should also be attracted to Pakistani Government debt market. The Finance minister also accepted to preside a road show in this regard. The SBP and KSE officials also highlighted importance of wider ownership in retail, small savers and investors across Pakistan. Governor SBP along with his team also provided an analysis on diversification of customer base of government securities from traditional banking sector to non-banking institution.
The finance minister also told that new trading platform for government securities will operate alongside with existing OTC platforms in the inter-bank market.
A summary of marketing plan for government securities including road shows in major cities and awareness through training of financial advisors and accountants were also given by KSE and CDC.