ISLAMABAD, September 9, 2015: The Securities and Exchange Commission of Pakistan (SECP) and Riphah International University Islamabad signed a memorandum of understanding (MoU) to establish cooperation for conducting investor education seminars for the enrolled students, at the Riphah headquarters in Islamabad. This is part of SECP’s investor education program launched under the brand name “Jamapunji”. ‘
The MoU was signed by Akif Saeed Commissioner, Securities Markets Division, and Engr.
Rafatullah Khan, Registrar, Riphah International University. Faculty members of Riphah University and senior SECP officials were in attendance. At the official signing ceremony commemorative plaques were also exchanged.
Under the MoU, SECP will be holding regular seminars at Riphah International University on a continuing basis to educate existing and incoming students about the basics of savings, financial planning, investing and capital markets. Students will also learn about the Jamapunji web portal that has been specially developed for imparting investor education in Pakistan. Jamapunji 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. It is important to note that a well-informed investor brings discipline to the market place which in turn leads to better compliance by providers of financial products and services.
Akif Saeed, Commissioner Securities Market Division, discussed the importance of encouraging a savings culture among the students, and his vision for the future of the investor education program in Pakistan. To ensure sustainability of the investor education program for all future semesters, the development of a “SECP Train the Trainer Program” was also discussed. It is hoped that by educating our university students through the SECP’s Jamapunji Investor Education Program, a new generation of financially literate investors, who are aware of their rights and responsibilities can be developed.