The newly installed government in Pakistan faces a mammoth
task of reinvigorating capital market of the country. This should be among the top
five most important items of the economic agenda. The fiscal consolidation
requires some other unpopular measures that include: 1) improving tax
collection to bridge budget deficit, 2) containing extravaganzas for spending
more on development, 3) boosting exports by making Pakistani
manufacturers/exporters competitive in the global markets and 4) privatizing
state own enterprises to save one trillion rupees which these units swallow
annually. Since the role of the government is to facilitate the business
community in making fresh investment for the creation of new job, stock
exchange is one of the most important institutions that play a key role in the
mobilization of capita. An effort has been made to review the factors affecting
the performance of Pakistan Stock Exchange (PSX) and suggest the impetus to make
it more vibrant. To read details please click http://www.pakistaneconomist.com/2018/09/03/reinvigorating-capital-market-of-pakistan/
