Finance Minister Muhammad Aurangzeb, currently in London on a three-day trip, on Wednesday convened an emergency meeting via Zoom to assess the financial landscape in light of escalating regional tensions following India’s overnight aggression.
In addition to senior officials of the Finance Division, State Bank of Pakistan Governor Jameel Ahmed, Securities and Exchange Commission of Pakistan (SECP) Chairman Akif Saeed, and the secretary F participated in the meeting.
In a comprehensive and strategic discussion revolving around the situation and functioning of equity, debt, foreign exchange and interbank markets, participants conducted a rapid risk assessment, evaluating the current threat perception with an emphasis on ensuring national financial stability and security.
Recognizing the critical importance of market stability, the meeting reaffirmed the government’s firm commitment to maintaining business continuity across all financial and allied sectors. It extended key assurances to stakeholders, underscoring that robust measures are being implemented to safeguard Pakistan’s economic infrastructure and provide calm, clarity, and confidence to the financial markets.
The participants also emphasized the importance of heightened vigilance against a wide range of threats, with a special focus on cybersecurity and communication infrastructure. Contingency plans have been reinforced to ensure operational resilience and secure communication lines across financial institutions.
To maintain proactive oversight, the meeting decided on regular reviews of the evolving situation. These ongoing evaluations will support the government’s efforts to provide consistent guidance and timely reassurance to the financial markets and the wider business community.
The finance minister reiterated that Pakistan’s financial system remains stable and secure, and that all relevant authorities are working in close coordination to uphold national economic integrity in the face of emerging challenges.