Savings culture must to support long-term infrastructure projects: Mushtaq Ghani - Pakistan Today

Savings culture must to support long-term infrastructure projects: Mushtaq Ghani

Lauds SECP for establishing Abbottabad Sarmayakari Markaz, suggests to establish such centers in other cities

Khyber Pakhtunkhwa (KP) Minister for Higher Education and Information Mushtaq Ahmed Ghani has said that that savings and long term investments are must to support long term infrastructure development projects.

He expressed these views while addressing as chief guest of awareness seminar on investment opportunities in the Pakistan capital market organized by Securities and Exchange Commission of Pakistan (SECP), here on Saturday. Senior officials of the SECP, Pakistan Stock Exchange (PSX), Central Depository Company (CDC), Abbottabad Chamber of Commerce and Industry, lawyers and students of colleges and universities attended the event.

In his key note address, the provincial minister advised the participants to inculcate the habit of savings and investor savings in legal and approved schemes.

He appreciated the SECP efforts for creating awareness about importance of savings and informing people about legal ways of making investment. He also appreciated SECP’s move to establish Abbottabad Sarmayakari Markaz and suggest to establish such centers in other cities so that people do not lose their hard earn savings to fraudulent schemes and deceitful people like Double Shah.

Speaking on the occasion, SECP Commissioner for Securities Market, Akif Saeed said that the SECP making all out efforts to enhance financial inclusion across country. He announced that capital market investment hubs would be established in other second and third cities.

Former CE of KASB Shahid Ali Khan briefed the participants on the working of stock exchange and guide on making investment decision. He said the Pakistan’s Stock is among world best performing markets where the average return of last ten years remained above 20 percent. Shahid said that investors across the globe invest in PSX to making profits, but unfortunately the number of investor from Pakistan in not significant which call for need of creating awareness.  Yasir Qadri of HBL Mutual Funds briefed the participants on mutual funds and benefits of investing in them.

It is pertinent to mention here that the SECP, in collaboration with PSX and CDC have organizes a series of investor awareness sessions at colleges, universities and business institutions etc.

The seminar aimed at expanding the outreach of the capital market, increasing awareness about financial markets operations and fraud prevention in the second and third tier cities of the country.

 



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