Amid rising tensions with India, Pakistan has strengthened its financial resilience by reinforcing contingency plans across key financial institutions. This swift action follows retaliatory military operations and a temporary stock market dip. Authorities are focused on safeguarding economic infrastructure and maintaining investor confidence.
Swift Government Action
An emergency meeting was held under Finance Minister Muhammad Aurangzeb, who joined via video link from London. Despite being abroad to promote investment, he stressed the importance of a stable and secure financial system. “All relevant agencies are working together to protect national economic integrity,” he stated.
Read: Pakistani Leaders Unite Against Indian Missile Strikes on Civilians
Coordinated Response Across Financial Bodies
Key officials, including the State Bank governor, SECP chairman, and senior finance authorities, took part in the strategic session. They reviewed operations in equity, debt, foreign exchange, and interbank markets. A rapid risk assessment highlighted the need for stronger safeguards and tighter communication lines.
Cybersecurity and Communication in Focus
Participants placed particular emphasis on cyber threats and secure communication systems. The government committed to regular reviews of the situation, ensuring timely updates and guidance to the business community and financial markets.
SECP Takes Immediate Action
Shortly after the finance ministry’s meeting, the Securities and Exchange Commission of Pakistan (SECP) convened an urgent session. It focused on stabilizing capital markets and ensuring operational continuity.
Reinforced Security Across Markets
In response to the situation, SECP directed all Capital Market Infrastructure Institutions (CMIIs) to enhance security measures. However This included strengthening cybersecurity systems and activating full business continuity plans. Physical security at facilities was also increased.
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