State Bank of Pakistan (SBP) Governor Jameel Ahmad has said that Pakistan has achieved significant macroeconomic stability by pursuing coordinated and prudent monetary and fiscal policies.
Speaking as the chief guest at the 22nd edition of the Annual Excellence Awards hosted by CFA Society Pakistan in Karachi, he said that the macroeconomic stability has led to a sharp reduction in inflation and a rebuilding of external and fiscal buffers.
The Annual Awards recognise excellence in performance by individuals and institutions under various categories, including Banking, Brokerage, Corporate Finance, Investor Relations, Fund Manager, ESG and Gender Diversity. Highly reputable professionals with extensive experience are chosen to judge these awards for maintaining transparency and credibility. The event attendees included senior professionals from the industry and members of the CFA Society Pakistan.
While highlighting the importance of capital markets in emerging economies’ pursuit of sustainable and inclusive growth, the SBP Governor referred to a gap in the credit and investment needs of the private sector in the country.
This gap can be met through continued efforts to improve capital market infrastructure and governance; developing alternative investment products; expanding digital access and simplifying onboarding procedures; and enhancing transparency to increase public trust in the financial markets.
In this regard, he commended CFA Society Pakistan for its continued efforts to promote ethical investment practices and financial market development in the country.
Paul Moody, Managing Director, Global Partnerships & Client Solutions, CFA Institute, recognised CFA Society Pakistan’s tireless efforts alongside CFA Institute to promote the highest standards of ethics and professional excellence in the investment community, for the ultimate benefit of society.
Muhammad Asim, CFA, President of CFA Society Pakistan, stated that “These awards underscore the Society’s ongoing commitment to advancing ethical standards, promoting financial literacy, and fostering a culture of excellence across the investment profession. We are deeply grateful to our members, volunteers, and partners for their continued support, and we congratulate all award recipients for their exemplary contributions to the industry.”
