ISLAMABAD, September 10, 2015: The Securities and Exchange Commission of Pakistan (SECP) and NUST Business School of the National University of Sciences and Technology (NUST) Islamabad signed a memorandum of understanding (MoU) to establish cooperation for holding investor education seminars for the enrolled students, at the NUST headquarters in Islamabad. This is part of SECP’s investor education program launched under the brand name “Jamapunji” that can be accessed by simply typing: http// Jamapunji.pk on your web browser.
A meeting of senior SECP officials and faculty members of NUST Business School was followed by an official MoU signing ceremony. The MoU was signed by Akif Saeed Commissioner, Securities Markets Division, and the principal and Dean of NUST Business School, Dr. Naukhez Sarwar
Akif Saeed, Commissioner Securities Market Division, briefed the attendees about 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 discussed with NUST faculty members. In addition, the development of a database of publicly available financial information of listed companies for use in research by students, and sharing of research material were also discussed.
The MoU calls for holding regular seminars at NUST Business School 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 investor education web portal that has been specially developed for providing 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.
Both organizations are in agreement over the lack of knowledge about personal financial planning, savings and the working of our capital markets, and the need for educating the students through the SECP’s Jamapunji Investor Education Program.