Finance Minister Muhammad Aurangzeb today reiterated the critical need to strengthen Pakistan’s savings ecosystem as a key pillar for sustainable economic development. He made these remarks during a meeting with a delegation from the Mutual Funds Association of Pakistan (MUFAP) in Islamabad.
Finance Minister Muhammad Aurangzeb has reiterated need to further strengthen savings ecosystem as a key pillar of sustainable economic development@Financegovpk #News #RadioPakistan https://t.co/wORHe7wN1d pic.twitter.com/PDLnhHX1QZ
— Radio Pakistan (@RadioPakistan) May 5, 2026
The MUFAP delegation, led by Chairman Shahzad Dada, engaged in discussions focusing on the mutual fund industry and its role in the context of the upcoming Federal Budget 2026-27.
The Finance Minister welcomed the delegation and acknowledged the asset management industry’s continued support in policy dialogue. He recognized the significant role of the mutual fund sector in mobilizing savings, strengthening financial intermediation, and contributing to the growth of Pakistan’s capital markets.
Discussions centered on enhancing the efficiency and depth of financial instruments available to investors and reinforcing institutional mechanisms that facilitate savings mobilization. Participants stressed the importance of aligning policy measures with long-term financial sector objectives.
Key topics included the budget framework, regulatory improvements to support sector growth, and the creation of alternative fund vehicles to broaden investment avenues. Emphasis was placed on enhancing retail participation in mutual funds to deepen the savings base and expand financial inclusion, as well as fostering greater participation by non-bank financial institutions.
The delegation shared perspectives on National Savings Schemes, advocating for alignment with broader market dynamics to avoid distortions and ensure a level playing field across savings products through a gradual and well-coordinated approach.
The Finance Minister assured the delegation that their proposals would be carefully reviewed during the ongoing budget formulation process. He emphasized the government’s commitment to creating a balanced and enabling environment that supports the growth of the asset management industry while maintaining financial stability.
The meeting concluded with a mutual understanding of the need for ongoing engagement between the government and the mutual fund industry to support informed policymaking and enhance the sector’s contribution to capital market development and resource mobilization.
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