RAWALPINDI:As part of its Investor Education Program and Financial Literacy the Securities and Exchange Commission of Pakistan (SECP) conducted an investor awareness session at the Rawalpindi Chamber of Commerce and Industry as part of World Investor week 2017 here.
The seminar focused on increasing financial literacy and investor awareness about capital markets and its related products.
Speaking at the occasion, Murtaza Abbas, Joint Director and Khalida Habib, director, Investor Education and International Relations Department, highlighted the key issues and concerns and recommendations for the education of investors. They said due to lack of proper knowledge, many investors have suffered huge losses in capital markets while with proper knowledge and awareness, they could make profitable investments in stock market. They stressed that investors should always make rational decisions and avoid making investment merely on speculations which carried high risks.
They said considering the significance of fundamental knowledge and understanding of the financial market, SECP initiated investor education program, JamaPunji, because lack of financial literacy and capability made the general public vulnerable to frauds in the capital market.
In his welcome address, Zahid Latif Khan, President, Rawalpindi Chamber of Commerce and Industry appreciated the role of SECP for promoting good governance in corporate sector and initiating programs like financial literacy.
He said RCCI has been regularly organizing Global Entrepreneurship Week and we can collaborate with SECP to incorporate financial literacy drive in the same program. Industry Academia linkages can play a vital role to bring awareness about financial literacy and capital markets, he added. He said SECP has launched many good programs for investors and it should launch comprehensive outreach programs so that maximum investors could get benefit from them for making sound investments in capital markets. The regulation language should be simple and the all related forms must be simplified, he further added.
Senior Vice President Nasir Mirza, Vice President Khalid Farooq Qazi, former presidents, members of the executive committee and a large number of traders were also present on the occasion.
