The Securities and Exchange Commission of Pakistan under its initiative of educating the current and potential investors, organized a seminar for the trainees and employees of A.F. Ferguson and Company at the ICAP House in Karachi. Ms. Khalida Habib, director/head, Investor Education and International Relations Department, she read out the message of the SECP chairman, stating: “our mission” is to make a paradigm shift in Pakistani society from its current consumption mode to adopting saving and investment as a culture and norm. This is only possible when the individual takes charge of his/her money matters to make informed investment decisions and key to this is to embed investor education at all levels in our learning experiences.”
Ms. Habib reiterated the SECP’s commitment to implementing an agenda of improving the financial capabilities of investors and protecting them. She said that the support of industry in the SECP’s investor education program will indeed go a long way towards developing financial literacy among the people and also stressed on how fundamental the notion stands in the practical world of investment to sustain soundly. Mr. Ashraf Bava, president, CFA Society Pakistan, gave a comprehensive presentation on financial planning, briefing the audience on the necessary steps and considerations to formulate and execute their financial plans efficiently and effectively.
Mr. Nadeem Naqvi, managing director, Pakistan Stock Exchange Limited, shared his valuable ideas and perspectives. He talked about the importance and macro plus micro structure of our capital markets. He elaborated on different important concepts and procedures about the capital markets and carried on with an interactive session with the audience. Ms. Mashmooma Majeed, CEO, Mutual Fund Association of Pakistan, presented the concept of mutual funds and all the basics that an investor needs to know of. She conversed with the listeners effectively to clarify their queries and attended to them elaborating of their possible venues in terms of investing in mutual funds and the procedures thereof.
Mr. Sidney Custodio Pereira, additional registrar, Company Registration Office, Karachi, elaborated on the procedures encompassing company incorporation. He enlightened the audience with the forms of an enterprise and the advantages and steps for incorporating a Company by sharing his literary and practical-market excerpts. Dr. Bakht Jamal, head of Window Takaful Operations IGI Life Insurance Limited, shed light on the fundamentals of insurance and elaborated on its avenues. The presentation was sound in composition elaborating the types, benefits and associated procedures for approaching insurance by the common investors.
Syed Shabbar Zaidi, Senior Partner A.F. Ferguson and Co., thanked the SECP for taking such an important initiative, calling it as an investment in the future. He termed the series of presentations as a fruitful avenue in achieving the goals for spreading investor education. He encouraged the young trainees to make the most out of such avenues for making informed investment decisions.
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