State Bank of Pakistan Governor Jameel Ahmad used a keynote address at CFA Society Pakistan’s 22nd Annual Excellence Awards to highlight recent macroeconomic stabilization and to set out areas where capital market development is needed to support sustainable and inclusive growth. He attributed the improved conditions to coordinated and prudent monetary and fiscal policies, citing a sharp reduction in inflation and the rebuilding of external and fiscal buffers. Against this backdrop, the Governor pointed to a gap in the private sector’s credit and investment needs that could be addressed through continued improvements in capital market infrastructure and governance, the development of alternative investment products, expanded digital access and simplified onboarding, and greater transparency to strengthen public trust in financial markets. He also commended CFA Society Pakistan’s work to promote ethical investment practices and financial market development.