Finance Minister Highlights Reform Priorities
Finance Minister Muhammad Aurangzeb delivered the keynote address, emphasizing the government’s focus on creating a business-friendly environment. He supported the proposal to establish working groups for insolvency and debt enforcement regulations. He urged collaboration between the private sector and SECP, with the Ministry of Finance serving as a facilitator.
SECP Chairman Stresses Framework Importance
The SECP Chairman highlighted the critical role of effective insolvency and debt enforcement systems in fostering economic stability and growth. He urged the Finance Minister to form working groups to address gaps in existing regulations.
High Court Judges Share Legal Insights
Judges from the Lahore High Court, Sindh High Court, Islamabad High Court, Peshawar High Court, and Balochistan High Court shared valuable insights on legal challenges and opportunities in improving insolvency and debt enforcement mechanisms. Their contributions helped shape discussions on reform strategies.
International Expert Advocates Best Practices
Mr. Sergio Ariel Muro, Finance Sector Specialist at the World Bank, presented international best practices and emphasized the importance of insolvency systems in promoting economic resilience. He recommended adopting global strategies tailored to Pakistan’s context.
Panel Discussions Address Key Issues
The conference included expert panel discussions on strengthening institutional frameworks for debt enforcement, addressing gaps in insolvency legislation, and enhancing coordination for dispute resolution. Local and international experts provided innovative solutions suited to Pakistan’s needs.
Conference Continues with Focus on Debt Enforcement
The event will continue tomorrow, focusing on actionable strategies to strengthen debt enforcement systems and institutional coordination. The SECP aims to compile recommendations to drive regulatory reforms.
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