Islamabad, The Ministry of Finance has established a committee to facilitate the issuance and trading of government securities on the Pakistan Stock Exchange (PSX). This committee, comprising financial sector experts and led by the Chairman of the Securities and Exchange Commission of Pakistan (SECP), Mr. Akif Saeed, aims to develop infrastructure and operational readiness for this initiative.

According to Securities and Exchange Commission of Pakistan (SECP), the committee’s responsibilities include creating systems and processes for the issuance, registration, trading, and transfer of government debt securities through PSX. It will focus on operational efficiency, transparency, and instilling investor confidence while addressing current operational challenges. The committee is set to evaluate the operational capabilities of PSX, the Central Depository Company (CDC), and the National Clearing Company of Pakistan Limited (NCCPL), and collaborate with various stakeholders, including the Ministry of Finance, State Bank of Pakistan (SBP), and SECP.

The committee also aims to integrate market integrity and investor protection in trading Government Debt Securities (GDS) at PSX, develop proposals for an efficient surveillance mechanism and risk management system, and suggest necessary regulatory framework changes. The members include notable figures from the finance division, SBP, SECP, PSX, CDC, NCCPL, and representatives from several banks and financial management companies.