KARACHI
Governor State Bank of Pakistan (SBP) Jameel Ahmad has called for greater regional cooperation and innovation to build integrated capital markets that can mobilize investment, enhance resilience, and drive sustainable growth across Asia.
Addressing the International Capital Market Conference 2025 in Karachi, he said regional market integration was “not an option but a necessity” in today’s interconnected world. Ahmad emphasized that harmonized regulations, efficient capital allocation, and broader investment opportunities could help economies with low savings and limited bank financing, especially for climate and infrastructure projects.
Citing ASEAN+3 and Caribbean examples, he noted that collective action can lower costs and diversify risk. He outlined four priorities: aligning regulations, improving connectivity, harmonizing legal frameworks, and boosting regulatory cooperation. Highlighting SBP’s Vision 2028, he said Pakistan is linking its Raast system with the Buna platform and developing a unified digital KYC framework to advance regional financial integration.