Tarin assures govt support for promotion of mutual fund industry

ISLAMABAD: The Mutual Funds Association of Pakistan (Mufap) is working to promote and increase savings in the country with a diversified product range, suiting all categories of investors, an official said.

During a meeting with Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin at the Finance Division on Thursday, Mufap chairman Dr Amjad Waheed, who called on the adviser with his team, said that it is a potential fundraiser for the government’s development projects.

He also apprised the adviser about the key impediments in the growth of capital markets/mutual funds and sought the government’s support to develop and flourish the capital markets in the country.

Tarin highlighted the importance of the capital market and said that the present government is determined to uplift the living standards of all segments of society. Therefore, it is encouraging the investment opportunities and stimulating economic activities in Pakistan.

He emphasised to create awareness and increase outreach of the mutual fund market to mobilise savings and investment in the country.

The adviser also assured the Mufap delegation of the government’s all-out facilitation and cooperation in the resolution of its issues and extended support to flourish the mutual fund market in Pakistan.

Later, the delegation thanked the adviser for extending unstinting support to the mutual fund market.

Senior officers of the Finance Division were also present in the meeting.