Islamabad: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, convened a meeting with the Mutual Funds Association of Pakistan (MUFAP) at the Finance Division to discuss the role of the mutual fund industry in relation to the upcoming Federal Budget 2026-27. The meeting, led by MUFAP Chairman Mr. Shahzad Dada, focused on enhancing financial intermediation and savings mobilization within the country’s capital markets.

According to Press Information Department, the Finance Minister welcomed the delegation and acknowledged the mutual fund sector’s contribution to financial policy dialogue. Discussions centered on expanding financial instruments for investors and reinforcing mechanisms to mobilize savings. The mutual fund industry representatives emphasized the importance of regulatory improvements and the creation of alternative fund vehicles to broaden investment opportunities.

The meeting also highlighted the need to increase retail participation in mutual funds to deepen the savings base and enhance financial inclusion. The role of non-bank financial institutions was deemed crucial in strengthening the mutual fund industry. Additionally, there was a focus on aligning National Savings Schemes with market dynamics to ensure fair competition among savings products.

The Finance Minister committed to reviewing the delegation’s proposals in the context of the budget process and highlighted the Government’s commitment to fostering a balanced environment for the asset management industry. The meeting concluded with an agreement to maintain ongoing engagement between the Government and the mutual fund industry to support informed policymaking and enhance the sector’s role in capital market development.