ISLAMABAD, September 1: The Securities and Exchange Commission of Pakistan (SECP) and Quaid-i-Azam University Islamabad have signed a memorandum of understanding (MoU) to establish cooperation to conduct investor education seminars for the enrolled students, at the SECP headquarters in Islamabad. This is part of the SECP’s investor education program launched under the brand name “Jamapunji”. ‘The event was attended by the SECP Chairman, Mr. Zafar Hijazi.
The MOU was signed by Akif Saeed, Commissioner, Securities Markets Division and Dr. Sayed Wiqar Ali Shah, Dean, Faculty of Social Sciences. Mr. Ajmal Waheed, Dean, School of Management Sciences, and senior SECP officials, including alumni of Quaid-i-Azam University were also present on the occasion.
Under the MOU, the SECP will be holding seminars at Qaid-i-Azam University on a regular basis to impart knowledge to its students about the basics of savings, financial planning, investing and capital markets. Students will also learn about the Jamapunji web portal, which offers comprehensive information about Pakistan’s investment products, capital markets, insurance and the non-banking financial sectors to anyone who is interested in investing in Pakistan.
The Jamapunji web portal also has a mock trading platform that uses real-time prices provided by the Karachi Stock Exchange. Using this feature, the SECP plans to hold contests between university students for performance of their respective “stock portfolios” over a specified period of time.