World Investor Week 2021 is being marked from 4 to 10 October by 78 stock exchanges around the globe. To mark the event Pakistan Stock Exchange (PSX) organized an event today.
The aim of the event was to stress the need for the promotion of financial literacy along with basic education in the country. This event was organized in collaboration with the World Federation of Exchanges.
Some key participants at the event included; President of Hamdard University, Saadia Rashid and Chief Executive Officer of The Citizen Foundation, Asad Ayub. Brokers and students of different institutions were also in attendance.
PSX Managing Director, Farrukh H. Khan said to be able to make investments was a right of every citizen, and there was dire need for educating and orienting them for investment, instead of being restricted to trading. PSX was working with Federal Ministry of Education and various other educational institutions for including financial literacy in school syllabus. “Since last year, we have held 250 webinars on financial literacy,” he said adding that PSX had planned to start online classes as well.
Khan further added that the youth could be more successful investors as they had better information. He stressed on developing brokerage industry for the growth of capital market in the country.
The Managing Director said PSX was also focused on education for corporate sector including established businesses. It had bifurcated its financial education/literacy plan into two categories:
1. Investors and Individuals
2. Corporate Sector
Highlighting the effectiveness of affiliation with the World Federation of Exchanges, Khan said that he felt proud that the exchange was an affiliated member. He also highlighted that the various policy and systematic initiatives taken by PSX over the last couple of years, which had turned the exchange very attractive for local and foreign investors. He expressed satisfaction over the pace of listing of companies on PSX.
CEO of The Citizen Foundation, Asad Ayub highlighted his foundation’s activities for promoting quality education through 1,700 schools in the country, in addition to basic education to 20,000 women every year which included financial literacy. He assured that TCF would support PSX’s efforts to reach out every citizen for financial literacy. “However, first we should talk of simple literacy,” he remarked. He regretted that not only majority of the institutions but the nation as a whole was least bothered about quality education.
From : pk.mashable.com