Securities and Exchange Commission of Pakistan, Institute of Chartered Accountants of Pakistan sign deal to promote investor education and awareness

Islamabad, August 29, 2016 (PPI-OT):The Securities and Exchange Commission of Pakistan (SECP) and the Institute of Chartered Accountants of Pakistan (ICAP) signed an MOU to establish cooperation for spreading investor education and awareness through investor awareness sessions for the students and members of ICAP. The MOU was signed at the SECP Head Office in Islamabad as part of SECP’s investor education program launched under the brand name “Jama-Punji”.

The MOU was signed by the SECP chairman, Mr. Zafar Hijazi, and ICAP president, Hafiz Mohammad Yousuf. The ICAP contingent included Ms. Farzana Munaf, Executive Director – Legal and Membership Affairs, along with the council members Mr. Muhammad Maqbool, Mr. Nazir Ahmad Chaudhary, Mr. Rashid Ibrahim and Mr. Israr Khan, Senior Manager, while senior SECP officials were also in attendance.

The Director/HOD Investor Education and International Relations Department Ms. Khalida Habib welcomed the honourable guests and briefed them about the salient features of the SECP’s Investor Education program. On the occasion the Chairman SECP, emphasized the importance of collaborative efforts between the regulator and the professional accounting bodies like ICAP to develop a more aware and vibrant financial ecosystem in Pakistan. He said Chartered Accountants must play a more active role in developing the ethical and professional standards in the Accounting profession.

The Chairman stressed that qualified professionals like members of ICAP can consider the possibilities of professional growth by entering the capital markets as an investment advisor and this area should be made part of seminars and sessions targeted under the cooperation arrangement between the two institutions.

Commemorative plaque was presented to the President ICAP by the SECP. Under the MoU, SECP will be holding regular seminars in collaboration with ICAP at all their Centres on a continuing basis and the main focus of the sessions will be on financial planning, investing, capital markets, mutual funds, insurance and other non-banking financial institutions. In the end the President ICAP Hafiz Mohammad Yousuf thanked the Chairman SECP and expressed his keen interest in developing a long term association in this regard.

For more information, contact:
Shakil Ahmad Chaudhary
Head, Internal and External Communication
Securities and Exchange Commission of Pakistan (SECP)
NIC Building, 63 Jinnah Avenue, Islamabad
Tel: +92-51-9214005 or +92-51-9214009 (Ext. 378)
Fax: +92-51-9206459
Cell: +92-302-8552254

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