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

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

Chairman SECP Reaffirms Commitment to Facilitate Businesses

The Securities and Exchange Commission of Pakistan (SECP), as part of its efforts to promote ease of doing business through meaningful stakeholder engagement, held an interactive virtual session with representatives of Overseas Investors Chambers of Commerce & Industry (OICCI).   The session was chaired by the Chairman SECP, Aamir Khan, who briefed the participants about recent improvements in the regulatory ecosystem and highlighted some key changes, including introduction of digital certificate of incorporation, creation of special portal for banks to facilitate account opening, digitization of account opening process for resident and non-residents for investment in the capital market etc. These reforms have greatly improved efficiency of processes, which have been duly reflected in country’s global rankings.   During the session, the Chairman apprised the OICCI’s representatives about SECP’s future endeavors in this regard to simplify regulatory requirements, reduce compliance c

Sohail Wajahat Siddiqui made new Chairman of PSO

The Ministry of Petroleum and Natural Resources has notified appointment of Sohail Wajahat Siddiqui as chairman of the board of directors of Pakistan State Oil (PSO) . Siddiqui has replaced Nazim F Haji with immediate effect. Sohail heads Siemens Pakistan Engineering Company Limited as its Managing Director and Chief Executive Officer. He has served as the president of the Overseas Investors Chamber of Commerce and Industry (OICCI) and also served as chairman of Pakistan Red Crescent Society, Sindh. Siddiqui has also served as board member of Pakistan Steel. He is also the founding member of the Pakistan Business Council. In recognition to his contribution towards the national cause, he has been awarded Sitara-e-Imtiaz. (The News)