KARACHI:

Governor State Bank of Pakistan (SBP) Jameel Ahmad has stressed the need for well-developed, deep and diversified capital markets to complement the banking sector and support long-term, sustainable economic growth.

According to a statement released on Monday, Ahmad was speaking at the conference "Unlocking the Capital Markets Potential for Banks" held in Karachi.

In his address, the SBP governor said macroeconomic conditions have improved with inflation falling and growth gradually recovering, but structural challenges such as low domestic savings persist. With a savings rate of just 7.4% of GDP compared to 27% in South Asia, Pakistan remains heavily reliant on external financing, contributing to recurring external account pressures and boom-bust cycles, he noted. Ahmad emphasi

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