Securities and Exchange Commission of Pakistan (SECP) and the Pakistan-China Institute (PCI) have signed an MOU at the SECP head office with the objective of enabling both parties to conduct researches on topics related to CPEC and the Belt and Road Initiatives. In addition, joint seminars will be conducted, in particular, on savings and investments, financial literacy and company incorporation.
Speaking on the occasion, Mr. Shauzab Ali, Commissioner, Investor Education and International Relations, SECP, highlighted various investor education initiatives under the SECP Jamapunji investor education campaign. He stressed upon the importance of financial literacy and entrepreneurship in the vibrant business environment in Pakistan and offered PCI to work with SECP to develop an innovative approach for enhanced investor awareness impact collectively. He also made a specific reference to the significance of this MOU in the context of China’s important and growing investment in the financial sector and capital markets of Pakistan.
Meanwhile, Mr. Mustafa Hyder Sayed, Executive Director, PCI, expressed the PCI’s commitment to collaborate with SECP for the shared objective of enhanced investor awareness, particularly in the context of CPEC. He stated, “There are many Chinese companies coming into Pakistan and they do not know the procedure of approaching the relevant institutions. With this collaboration, a one-window platform can be achieved to streamline the processes under the China-Pakistan Economic Corridor”. He also offered the SECP to participate in the PCI’s electronic media infinitives for investor awareness.