Islamabad: The Pakistani government remains committed to achieving its economic targets, Finance Minister Muhammad Aurangzeb declared during a ceremony marking the signing of the Capital Market Development Fund (CMDF) in Islamabad.

According to Radio Pakistan, the Finance Minister emphasized the government’s resolve to meet commitments with international institutions for the current fiscal year, despite the ongoing US-Iran conflict. Highlighting Pakistan’s return to international capital markets after four years, Aurangzeb noted this as a testament to the trust and confidence of global and institutional investors in the country.

The launch of the CMDF was described as a significant milestone, underscoring collective efforts to enhance and modernize Pakistan’s capital markets. Aurangzeb revealed that over 220,000 investors had joined the equity market in the past two years, with a record 24,000 new investors in April alone. He reiterated the government’s aim to create a conducive ecosystem for the private sector to drive economic progress.

The Finance Minister also committed to advancing Pakistan’s renewable energy journey, pledging to take necessary steps to accelerate this transition.