A joint delegation of Pakistan Inventory Alternate (PSX) and Mutual Funds Affiliation (MFA) of Pakistan known as on the Federal Finance Minister Mohammad Ishaq Dar. The PSX was represented by its MD/CEO Farrukh Hussain and Chief Monetary Officer Ahmed Ali whereas Mir Adil and Arif Qadri represented Mutual Funds, stated a press launch issued right here Sunday.
The Finance Minister was accompanied by Dr. Aisha Ghaus Pasha, Minister of State for Finance, Tariq Bajwa, Particular Assistant to the Prime Minister on Finance, Tariq Mehmood Pasha, Particular Assistant to the Prime Minister on Income, Ashfaq Tola Chairman Reforms and Useful resource Mobilization Fee (RRMC), Asim Ahmad Chairman Federal Board of Income and different senior officers from the Finance Ministry and Income Division. Governor State Financial institution Jameel Ahmad additionally attended the assembly. Throughout the assembly, representatives of MFA highlighted the expansion of Sharia compliant mutual funds and proposed that quick time period Sharia compliant sukuk needs to be launched.
In addition they proposed sure measures to be taken within the upcoming price range to advertise mutual funds. Representatives of PSX highlighted the erosion of market capitalization during the last six years.