Skip to main content

The Securities & Investment Institute Enters Pakistan Market

The Securities & Investment Institute (SII) is for the first time ever launching its suite of qualifications in Pakistan. The SII, the membership body for those who work in the securities and investment industry, has launched its Education Programme for the Capital Markets with the Karachi Stock Exchange (KSE) as part of the KSE's Education Programme for their Capital Market Participants.

Taster training sessions were made available recently, run by one of the SII's Accredited Training Providers, the College of Accounting and Management Sciences (CAMS) in Karachi. The launch follows a series of roadshows and presentations to leading broking, investment houses, banks and universities which the SII has been offering over the past month with CAMS and its other training providers, USM and IFIS.

The SII's accredited training providers in Pakistan have begun offering face-to-face training courses to the Capital Markets for the SII's Risk Management, Certificates in Securities, International Investment Management and Derivatives, Foundation programmes in Investment and Islamic Finance qualifications. These qualifications will be aimed at Broker-Dealers, Agents, Fund Managers, Bankers, Investment Bankers and Media employees. Candidates will be able to sit their examinations by computer based testing at test centres in Karachi, Lahore and Islamabad where the SII's ATPs are based and receive instant results. Candidates on training courses who register for SII examinations, which are also available by self-study, will receive an SII workbook (study manual) included with their examination entry fee. Further details on training courses in Pakistan can be obtained from siiglobal.org/Pakistan or international@sii.org.uk or from the SII's London office on: +44 20 7645 0703.

Firms which have expressed interest in putting their staff through SII examinations include KSE, LSE (Lahore Stock Exchange), ISE (Islamabad Stock Exchange), Askari Bank, Bank Al-Islami, brokerage houses and some universities.

Simon Culhane FSI, Chief Executive of the SII said, "We are pleased to be working with the Karachi Stock Exchange and our training providers in Pakistan to offer SII qualifications and membership to capital market participants. The Institute now has some 40,000 members in 49 countries and in recent weeks we have signed important agreements with Regulators in neighbouring countries, including United Arab Emirates and Oman. We are very pleased to welcome Pakistan’s securities professionals into the Institute fold.”

Shehzad Chamdia, Director, KSEsaid, "We have a dearth of skilled capital market professionals in the country as a lot of people get hands on training in our markets and migrate to the developed markets. Due to lack of any structured training and qualifications mechanism Pakistan capital markets were experiencing more volatility than normal. Qualified, skilled and better trained professionals would certainly be in an improved position to handle market turbulence as we are currently deficient in formal training for traders.”

Comments

Popular posts from this blog

THK Associates (Private) Limited: Shares Registrar

THK Associates (Pvt) Limited was formed in 1989. The company is engaged in providing specialized services relating to the corporate sector and in particular acts as share transfer agent for a number of companies. THK Associates (Pvt) Limited is one of the leading service provider of Share Registrar, Transfer Agent, Balloters for IPO’s and Share Accounting Services and is managed and run by a set of professionals having indepth knowledge and expertise of organizing and managing diversified corporate activities including depository related Share Registrar activities. THK Associates (Pvt) Limited, previously an associate of KPMG Taseer Hadi & Co., has been restructured in terms of requirements of Clause XL of the Code of Corporate Governance and the shareholding of THK partners has been divested in the year 2004. Mr. Yunus Dawood, Chief Executive of DYL Motorcycle Limited, a shareholder and Director was appointed as Chairman of the Company in 2008. Mr. Javed Iqbal, former Chairman an

SECP initiates 86 show-cause proceedings against compamies

The SECP’s Enforcement Department— while enforcing compliance of corporate and allied laws— initiated 86 show-cause proceedings and concluded 54 proceedings against chief executives, directors and auditors of companies in February and March. While facilitating companies to strengthen their capital base, the department allowed three listed companies to issue shares by way of otherwise than right at a discount and at par.  In order to strengthen the existing regime of Corporate Social Responsibility (CSR) reporting, the SECP has joined hands with the ICAP for the external assurances of the CSR reports.  CSR reports assist organizations in understanding and communicating their vision of combining a company’s profitability with social responsibility and environmental care. Both the SECP and the ICAP have reaffirmed their commitment to developing a framework for external assurance in accordance with prominent international assurance standards, and within a mutually agreed time f

Dewan Motors launch electric cars in a glorious ceremony

  By Abdul Qadir Qureshi   (Pakistan News and Features Services) Way is paved for assembling and later gradual manufacturing of electric cars and bikes in Pakistan with the launching of electric cars by the Dewan Motors Limited (DML), a reputed name in the automobile sector, at a glorious launch ceremony at the Convention Centre of DHA Golf Club on June 4.  The Chairman of Senate, Syed Yusuf Raza Gilani, also a former Prime Minister, was the guest of honour as hundreds of participants from various walks of life celebrated another remarkable achievement by Pakistan.  Speaking on the occasion, he acknowledged and applauded the ground breaking initiative undertaken by the Yousuf Dewan Companies (YDC) in the automotive sector.  “The establishment of a state-of-the-art vehicle assembly plant equipped with cutting-edge robotics technology, signifies the strength and capabilities of the company,” he remarked.  He was confident that, based on its reputation and track record, the YDC will not o