The Securities and Exchange Commission of Pakistan (SECP) concluded the first day of its Mutual Fund Focus Group Sessions 2025 in Karachi, bringing together capital markets stakeholders in a closed-door setting to gather input on mutual fund industry reforms, product innovation, digital transformation, investor inclusion, governance and market development. Discussions covered global product trends such as environmental, social and governance (ESG)-focused, thematic and infrastructure-linked funds, alongside expansion of Shariah-compliant investment products. Participants also explored women’s financial inclusion, the use of Systematic Investment Plans (SIPs) and Centralized Gateway Portals (CGPs) to improve onboarding and operational efficiency, and the role of governance frameworks, disclosure practices and risk management in supporting investor confidence and market integrity. SECP officials said the insights will inform upcoming reforms, with a second day of sessions scheduled for May 27 involving a new group of experts and market participants.