Chartered Financial Analyst Society Pakistan hosted the 22nd edition of its Annual Excellence Awards on Monday.

In his address, Jameel Ahmad, Governor, State Bank of Pakistan, noted that Pakistan has achieved significant macroeconomic stability by pursuing coordinated and prudent monetary and fiscal policies, which have led to a sharp reduction in inflation and a rebuilding of external and fiscal buffers.

While highlighting the importance of capital markets in emerging economies' pursuit of sustainable and inclusive growth, he referred to a gap in the credit and investment needs of the private sector in the country. This gap can be addressed through continued efforts to improve capital market infrastructure and governance, and developing alternative investment products.