Do regulators have the wisdom and competence to regulate without stifling value adding innovation? 4. These questions are subject matter of a vigorous debate among financial markets and financial sector regulators. Even as this is largely work in progress, the objective of all this effort is clear – to make both innovators and regulators more responsible. 5.
Pakistan Investment Bonds (PIBs), introduced in the year 2000, remain the longest tenor sovereign bonds, providing the benchmark yield curve for private issuances, whereas National Savings Schemes (NSS), on the other hand, with tenors up to 10 years, provide risk‐free investment options to retail and institutional investors. The funds mobilized through NSS reached Rs. 1.3 trillion by end April-09 (9.9 percent of GDP).