At a recent press briefing at SECP Headquarters, Commissioner Zeeshan Rehman Khattak shared important updates about improving Pakistan’s mutual funds industry.

He said the SECP (Securities and Exchange Commission of Pakistan) is working hard to protect investors, make operations smoother, and follow international rules.

Commissioner Khattak also highlighted how using digital technology is key to making the financial sector better and more innovative.

One major step is the new Digital Asset Management Companies (AMC) framework.

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This plan lowers the minimum money companies need to start, allows full digital sign-up for investors, and simplifies how companies work.

These changes aim to make it easier for more people to join and help the industry grow.

In a historic decision, SECP has registered Mutual Funds Association of Pakistan (MUFAP) as the first Self-Regulatory Organization (SRO) in Pakistan’s financial services.

MUFAP will help create rules, check if members follow them, and reach out to investors. This will increase trust and make the market more transparent.

To guide future progress, SECP met with industry leaders and made a white paper outlining key reforms. These include pushing digital tools, developing Exchange Traded Funds (ETFs), introducing new types of funds like ESG (environmental, social, and governance) and infrastructure funds, and plans to include more people in financial services.

A special committee has also been set up to grow the ETF market and encourage more investors to participate.

The full white paper is available on the SECP website for those who want to learn more.

SECP’s new digital reforms and MUFAP’s SRO status aim to modernize mutual funds, attract investors, and boost trust in Pakistan’s financial market.