ISLAMABAD: The total size of private equity (PE) and venture capital (VC) funds reached Rs10.99 billion by June 30, with a growth of 64 per cent against the previous fiscal year, the Diagnostic Review of Pakistan’s Private Funds Industry released by the Securities and Exchange Commission of Pakistan (SECP) said.

According to the report, the number of PE and VC funds was five in 2021-22.

The report provides an overall assessment of the country’s private funds (PF) sector, which collectively refers to both PE and VC funds as well as alternative funds.

In a statement, SECP Chairman Aamir Khan said that, considering more than 60pc of the population is comprised of youth in Pakistan, and to encourage innovation and knowledge-based ideas into commercial production, the potential of the PF industry needs to be tapped and fully explored.

The report provides a holistic synopsis and recommendations for key fiscal and regulatory reforms required for a vibrant PF industry that can spur economic activity, catalyse job creation, and increase government revenues.

To enable a vibrant and galvanised PF sector, the report also provides policy recommendations for a multifaceted reform agenda.

Published in Dawn, August 4th, 2022

Opinion

Editorial

Pawn sacrifice
Updated 19 Aug, 2022

Pawn sacrifice

Concerns over torture allegedly perpetrated against Gill are valid and must be looked into forthwith.
Frozen conflict
19 Aug, 2022

Frozen conflict

THE recent discovery of the body of an Indian soldier lost in an ice storm on the Siachen glacier 38 years ago yet...
Deadly rains
19 Aug, 2022

Deadly rains

THERE seems to be no end to our monsoon misery. Deadly rains continue to lash several parts of the country,...
The fall guy
Updated 18 Aug, 2022

The fall guy

Maryam’s public distancing from Miftah over recent fuel price hike is quite uncalled for.
Never-ending scourge
18 Aug, 2022

Never-ending scourge

POLIO eradication efforts in the country appear to have suddenly taken a giant leap backwards. A day after...
Frozen Afghan funds
18 Aug, 2022

Frozen Afghan funds

WITH Afghanistan facing a humanitarian catastrophe and economic collapse, the American decision to not release ...