Lahore: The chairman of the Securities and Exchange Commission of Pakistan (SECP), Shaukat Hussain, said that the regulatory body is keen to loosen up stringent restrictions to encourage foreign investment in Pakistan’s economy, according to a news source.
Officials stated that the country’s economic growth depends on foreign capital, and investment needs to be made easier for overseas investors. The SECP is in talks with business leaders in order to create a framework that will enhance checks and balances to regulate the Pakistan Stock Exchange. Hussain stated that technology and relevant regulations had increased company registration by 37%.
