ABBOTTABAD: The Securities and Exchange Commission of Pakistan (SECP) on Saturday organised an awareness seminar on investment opportunities in Pakistan’s capital market.
Khyber Pakhtunkhwa Higher Education and Information Minister Mushtaq Ahmed Ghani was chief guest on the occasion. Senior officials of the SECP, Pakistan Stock Exchange (PSX), Central Depository Company (CDC), Abbottabad Chamber of Commerce and Industry, lawyers and students of colleges and universities attended the event.
In his keynote address, Mushtaq Ahmed Ghani advised the participants to inculcate the habit of savings and investor savings in legal and approved schemes. He was of view that savings and long term investments are must to support long term infrastructure development projects.
He appreciated the SECP efforts for creating awareness about importance of savings and informing people about legal ways of making investment. He also appreciated SECP’s move to establish Abbottabad Sarmayakari Markaz and suggest establishment of such centres in other cities so that people do not lose their hard earned savings to fraudulent schemes and deceitful people like ‘Double Shah’.
In his welcome note, SECP Commissioner Akif Saeed said that the commission was making all out efforts to enhance financial inclusion across country. He announced that capital market investment hubs would be established in other second and third cities.
Former KASB chief executive Shahid Ali Khan briefed the participants on the working of stock exchange and guided on making investment decisions. He said the Pakistan’s stock market is among world best performing markets where the average return of last ten years remained above 20 percent. Shahid said that investors across the globe invest in PSX to making profits, but unfortunately the number of investors from Pakistan in not significant, which calls for need of creating awareness.