By way of background to some of the issues that would be discussed in these sessions, I would like to share some perspectives on regulations of Indian debt and derivatives markets in the recent times in the context of post-crisis paradigm. I. Why do we need regulation? I.I  Importance of regulation for markets  2.
Since 1994, generation has been largely in private sector and WAPDA – the largest utility company of Pakistan – has been unbundled by spinning off the regional distribution companies which are to be privatized. Given fiscal constraints, Pakistan has scope for limited public investments so bulk of the new development projects is to be available for private investment.