SIALKOT: Karachi Stock Exchange (KSE) and KASB Securities jointly organized investment awareness raising seminar at Sialkot here. President Sialkot Chamber of Commerce and Industry (SCCI) Maj (Rtd) Mansur Ahmed presided over the seminar. A large number of the Sialkot based traders, industrialists, exporters, investors, professionals, bankers, doctors and donors attended.
Addressing the participants through a video link, Managing Director of Karachi Stock Exchange (KSE) Nadeem Naqvi gave a detailed briefing about the KSE efforts for developmental and investment friendly facilities for the investors and to protect their investment.
CEO of KASB Securities Shahid Ali Khan also highlighted the methods of investment in the stock market.
Deputy Director of Security Exchange Commission of Pakistan (SECP) Murtaza Abbas also briefed about SECP’s investors’ education, capital market supervision and corporate governance promotion policies.
Addressing the participants, President Sialkot Chamber of Commerce and Industry (SCCI) Maj (r) Mansur Ahmed said that the exporters of Sialkot are the “roaming ambassadors of Pakistan”, who travel all around the world to fetch business and with their personal efforts, the export earnings of Sialkot stand at $1.8 billion annually. He said that the Sialkot exporters are also playing a pivotal role in strengthening the national economy and boosting the national exports.
The SCCI president gave a detailed briefing on Sialkot’s unique export culture and Sialkot’s marvelous socio-economic development on self help basis by Sialkot business community. He said that export-oriented Sialkot city has successfully followed the examples of Japan, Germany, Korea, Taiwan and other countries in development of SME culture in Sialkot, as the Sialkot based SMEs have been producing only exportable items and enjoy special status in the international market for its products. Government and other financial institutions are lending support to the export sector and we are foreseeing growth of exports and development of SMEs at a fast pace in Sialkot.
The participants were told that the Sialkot is the only export-oriented city of Pakistan, where 99 percent industrial production is meant for exports. The products including sports goods, surgical instruments, leather products, textile items, martial arts uniforms and accessories, musical instruments, knives and cutlery items and military uniform badges etc, produced in Sialkot are exported to all parts of the world. Sialkot made footballs, filed hockey sticks, cricket gears and sports wears are used in Olympics, world cups, Asian games and other international events.
He highly hailed the unique export culture of Sialkot. He said that the Sialkot businessmen also have better awareness about the industrial set up of Sialkot and socio-economical development projects taken in hand by the Sialkot Chamber of Commerce and Industry (SCCI).
He said that it is high time that both local and foreign investors should see Pakistan with fresh eyes. He added that globalization has brought the countries of the world closure and trade and other barriers are being used out which provide good opportunity for improving bilateral and multilateral trade.
Undoubtedly, universal remedy of the developing world lies in a vibrant and vigorous economy, which alone could address poverty alleviation and un-employment, he narrated
