{"id":22315,"date":"2024-12-07T04:28:19","date_gmt":"2024-12-07T04:28:19","guid":{"rendered":"https:\/\/theasiantelegraph.global\/?p=22315"},"modified":"2024-12-07T04:28:19","modified_gmt":"2024-12-07T04:28:19","slug":"finance-minister-calls-for-private-sector-support-in-economic-recovery","status":"publish","type":"post","link":"https:\/\/theasiantelegraph.global\/?p=22315","title":{"rendered":"Finance Minister calls for private sector support in economic recovery"},"content":{"rendered":"\n
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Finance Minister and High Court Justices share their views during SECPs Consultation Conference<\/p>\n\n\n\n

ISLAMABAD : Finance Minister Muhammad Aurangzeb emphasized the government\u2019s commitment to creating a conducive business environment. He agreed to the idea of forming working group but stressed the need for private sector to work with SECP to steer progress with Ministry of Finance acting as a host.<\/p>\n\n\n\n

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb delivered keynote address to mark the launch of the two day consultative conference on Insolvency and Debt Enforcement related laws, arranged by Securities and Exchange Commission of Pakistan (SECP) . The conference drew participation from international delegates, esteemed Justices of all High Courts, renowned lawyers, regulators and policy makers.<\/p>\n\n\n\n

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Chairman SECP highlighted the critical importance of effective insolvency and debt enforcement frameworks for fostering economic stability and growth. He also requested The Honorable Minister to form working groups for both Insolvency and Debt Enforcement related regulations in Pakistan.<\/p>\n\n\n\n

Honourable company judges from Lahore High Court, Sindh High Court, Islamabad High Court, Peshawar High Court and Balochistan High Court graced the occasion and offered invaluable insights into the legal dimensions of insolvency and debt enforcement. Their collective expertise played a crucial role in shaping the discussions, fostering a deeper understanding of the challenges and opportunities in enhancing the country\u2019s legal and regulatory frameworks.<\/p>\n\n\n\n

Mr. Sergio Ariel Muro, Finance Sector Specialist (Insolvency) at the World Bank, shared international best practices and emphasized the importance of insolvency in promoting economic resilience. The conference also featured expert panel discussions on key issues such as strengthening institutional frameworks for debt enforcement, bridging gaps in insolvency legislation, and enhancing coordination among stakeholders for effective dispute resolution.<\/p>\n\n\n\n

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The discussions provided a platform for local and international experts to share perspectives on policy reform and innovative solutions tailored to Pakistan\u2019s context. The event continues tomorrow with the day focusing mainly on debt enforcement.<\/p>\n","protected":false},"excerpt":{"rendered":"

Finance Minister and High Court Justices share their views during SECPs Consultation Conference ISLAMABAD : Finance Minister Muhammad Aurangzeb emphasized the government\u2019s commitment to creating a conducive business environment. He… <\/p>\n","protected":false},"author":8,"featured_media":22316,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,13],"tags":[1042,103,2073,1458,2074],"class_list":["post-22315","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-main-stories","tag-chairman-hbl","tag-federal-minister-for-finance","tag-law-and-justice-in-pakistan","tag-secp-pakistan","tag-ubl-ltd"],"_links":{"self":[{"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=\/wp\/v2\/posts\/22315","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22315"}],"version-history":[{"count":1,"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=\/wp\/v2\/posts\/22315\/revisions"}],"predecessor-version":[{"id":22319,"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=\/wp\/v2\/posts\/22315\/revisions\/22319"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=\/wp\/v2\/media\/22316"}],"wp:attachment":[{"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}