Capital markets play an instrumental role in the development of a country. These markets enhance production and productivity thereby adding to the growth of the national economy. Capital markets open channels for mobilisation of funds through investments in equities, bonds, units of mutual funds etc. A developed, vibrant and innovative capital market plays a pivotal role in the optimum utilisation of financial resources. It provides access to foreign capital that in turn benefits the development of local industry. Capital markets offer opportunities to listed companies to generate capital and for investors to invest their monies and earn profits. In modern times resource mobilisation and utilisation through institutional investments in capital markets has opened highly profitable avenues for back seat investors.
The Pakistan legal system is derived from English common law and is
based on the much-amended 1973 constitution and Islamic law. The former
is more influential in commercial law....
CONTEXT AND TRENDS
Pakistan has the potential to become an economic success in central Asia following in the footstep of its neighbour, India. However, 2011 proved to be a turbulent year for the country....