The Federal Minister for Finance, Senator Mohammad Ishaq Dar, chaired a meeting at the Finance Division on Sunday to review matters related to the Securities & Exchange Commission of Pakistan (SECP). Budget proposals with respect to the corporate sector were also discussed during the meeting.
The meeting was attended by the Finance Secretary, Secretary Economic Affairs Division, Chairman SECP and senior officials of the Ministry of Finance and SECP.
Chairman SECP apprised the Minister regarding the consultations that SECP has been conducting with various representatives of the corporate sector to obtain their proposals and suggestions for the upcoming budget.
The Finance Secretary informed the Minister that the Finance Division is working in close coordination with the SECP in this regard, and that interaction with various other stakeholders is also being actively undertaken for the budget preparations. He said that the prescribed timelines for the budget are strictly being followed.
The Finance Minister said that, keeping in line with the past four years’ tradition of the present PML-N Government, all opinion, proposals and constructive suggestions from experts and stakeholders, including from the corporate sector, be taken into account while preparing the budget. He said that as always, ensuring well-being of the general public will be accorded the utmost priority. The Minister impressed upon all the officials concerned to undertake budget preparations diligently while also abiding by the timelines.
Chairman SECP also briefed the Finance Minister on reform measures, including legislative measures, being taken by the government to facilitate the corporate sector. The Finance Minister emphasized that the reforms being introduced by the government are meant to facilitate and regulate the corporate sector, in line with international best practices. He urged SECP to continue undertaking measures to further facilitate the corporate sector.
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