Karachi: Addressing a consultative workshop organized by the Securities and Exchange Commission of Pakistan (SECP) and the Pakistan Bank Association, State Bank Governor Jamil Ahmed said that the country’s economy is gradually stabilizing and there are clear signs of improvement in economic growth.
He said that the overall savings rate in the country is only 7.4 percent, due to which the pace of investment is slow.
“If we want to increase the volume of investment, the savings rate has to be improved,” he said.
The Governor of the State Bank said that at present the number of individual accounts registered in the capital market is only four hundred thousand, which makes it clear that the center of public investment is still the banking sector. In this situation, it is necessary that the banking sector and the capital market work together to promote economic activities so that financial inclusion can be practically increased.
