The Pakistan Stock Exchange and 78 other exchanges across the world marked World Investor Week 2021 in a gong ceremony at the PSX Trading Hall on 8 October.
World Investor Week (WIW) 2021 was held in exchanges around the world between 4 and 10 October.
The World Federation of Exchanges, of which the Pakistan Stock Exchange (PSX) is an Affiliate Exchange, supported the International Organisation of Securities Commissions in holding the WIW. Globally, the week-long activities in the WIW were planned to promote the importance of financial literacy and to raise awareness about investor education and protection. Its objective was to encourage financial inclusion and foster learning opportunities for investors.
The PSX organized several webinars and sessions for WIW. Several sessions were held, including seminars exclusively for women on topics such as investment in mutual funds, online account opening, E-IPO facility, investor protection, and Shariah-compliant stock investments, etc. A social media campaign was also carried out to promote WIW and the importance of financial literacy.
The gong ceremony was attended by veterans of the educational field and capital market fraternity. The gong was struck by the CEO of The Citizens Foundation (TCF), Syed Asaad Ayub Ahmad, and the President of the Hamdard Group and the Chancellor of Hamdard University, Sadia Rashid, in the presence of the CEO of the PSX, Farrukh H. Khan, and the PSX management team and other attendees.
The striking of the gong symbolized the reiterated of the PSX’s mission to further financial literacy and increase awareness about the basics of investment and investor protection while promoting capital raising for businesses through the Exchange.
Farrukh H. Khan welcomed the attendees and said, “I thank you all for joining us at PSX for this important event. The importance of financial literacy and investor education cannot be emphasized enough. In the current environment, financial inclusion and investor protection are of primary importance”.
He added, “Today we would like to reach out to educational institutions, capital market participants, and brokerage houses to work with us and help educate people, young and old, in basic financial concepts and literacy, enabling them to successfully create financial independence”.
The CEO of The Citizens Foundation, Syed Asaad Ayub Ahmad, said, “In terms of financial or general literacy, as a nation, we are faced with numerous challenges. One of the biggest challenges is imparting quality education. As individuals or as educational institutions, we must impart quality education, whether financial or otherwise, to our youth and younger generations”.
“It is only when we have quality manpower and human resources on account of quality education, that we can be counted as one of the progressive nations in our region and beyond,” he added.
Ahmed also stated, “We are educating 270,000 students every year in our (TCF) schools, half of them girls, and 20,000+ women go through our adult literacy program; an important component of which relates to financial literacy. There is no doubt in my mind that financial literacy is important for our coming generations. Moreover, I think to increase financial literacy, in this day & age of Information Technology, software applications such as virtual investment apps that are planned to be introduced by PSX can be very helpful to increase the knowhow of investments amongst the youth and the general public”.
Sadia Rashid, remarked, “It is indeed a great pleasure to be here at the Pakistan Stock Exchange to mark World Investor Week. Financial literacy and education are necessary for all. As Chancellor of a University (Hamdard), I cannot but emphasize enough the importance of education for our youth and even for adults. It is not only necessary for the prosperity of individuals themselves but also for the cause of nation-building and overall progress of the country including the economy”.