ISLAMABAD: A developed capital market is indispensable for sustainable economic growth, veteran businessman Arif Habib stated at the SECP Talk Series, where he shared insights from over five decades in Pakistan’s capital markets. The session, attended by key figures including SECP Chairman Dr. Kabir Ahmed Sidhu, explored the evolution of Pakistan’s capital markets and potential reforms to enhance investor participation.

According to Securities and Exchange Commission of Pakistan, Dr. Kabir Ahmed Sidhu opened the session by outlining the objectives of the Talk Series, which aims to connect regulators with experienced market practitioners to support evidence-based policymaking. He noted SECP’s ongoing reforms, such as digital investor onboarding, the implementation of the T+1 settlement cycle, and initiatives to expand the investor base to 2.5 million.

Mr. Arif Habib reflected on the journey of Pakistan’s capital markets, highlighting the transition from open-outcry trading floors to a technology-driven marketplace. He stressed that although markets evolve, successful investing remains rooted in discipline, patience, and long-term thinking. Habib remarked on the Pakistan Stock Exchange’s average annual return of around 22 percent over the past 22 years and its 14 percent dollar-denominated return over the last five years, emphasizing that market volatility is temporary.

He also discussed the critical role of capital markets in mobilizing savings, financing businesses, and creating employment in sectors like brokerage, asset management, and fintech. Additionally, he pointed to the need for increased financial literacy, particularly among young Pakistanis, to broaden participation in formal capital markets.

The session concluded with a question-and-answer segment and the presentation of a commemorative shield to Mr. Arif Habib.