Skip to main content

ACCA, IFMP agree MoU, to promote investor awareness & financial literacy



A memorandum of understanding (MoU) has been signed between ACCA (the Association of Chartered Certified Accountants) and the Institute of Financial Markets of Pakistan (IFMP). Both the organisations have decided to work together to promote investor awareness and financial literacy among students, professionals and small businesses.  

 

Speaking at the signing ceremony in Karachi, head of ACCA Pakistan, Sajjeed Aslam, shared:

 

‘Financial literacy is crucial for the sustainable growth of capital markets ecosystem. The limited levels of financial literacy and investor education, especially among SMEs and young entrepreneurs in Pakistan, is a significant factor in the equally low levels of successful access to external finance and absence of long-term financial planning.’

 

‘As part of our commitment to the community, we’re happy to be joining forces with IFMP to promote knowledge about the financial system, educate small businesses about different options to access finance and encourage their participation in retail financial markets, and help SMEs to scale up leveraging effective financial planning.’, he added.

 

Sharing the details of the MoU, Mobashar Sadik, CEO, IFMP, said:

 

‘IFMP in partnership with ACCA intends to promote the cause of financial education, not just for typical investors but also for the middle-income households. The rising complexity of financial markets means consumers have to choose between a variety of complex financial instruments for borrowing and saving. Individuals, when become financially educated, are more likely to save and to challenge financial service providers to develop products that truly respond to their needs, and that would have positive effects on both investment levels and economic growth. We are sure that this partnership will help us achieve this goal of empowering public through financial knowledge.’

ACCA has been actively supporting the financial literacy agenda in the country. Collaboration with Akhuwat to support micro-entrepreneurs with their cash flow management during the current pandemic, partnership with Jamapunji for financial literacy and investor education roadshows across Pakistan, promotion of gamified digital learning with NIBAF, joint session with State Bank on access to capital, and cooperation with Kamayi to deliver free-of-cost professional advice to small businesses are some of the recent examples of ACCA leading the financial literacy agenda in Pakistan. 

Comments

Post a Comment

Popular posts from this blog

LONGi Pakistan's Ramadan Initiative Illuminates Communities in Pakistan

As part of its ongoing commitment to social responsibility and community welfare, LONGi Pakistan, a leading Solar Technology Company, has launched a special Ramadan campaign in Pakistan. During the Holy month of Ramadan, LONGi Pakistan has been dedicated to providing free meals to communities in need, demonstrating its steadfast support for the local populace. Recognizing the importance of extending a helping hand during Ramadan, LONGi Pakistan initiated a social welfare donation campaign aimed at providing essential sustenance to approximately 500 individuals across Pakistan. The campaign underscores LONGi Pakistan's dedication to not only revolutionizing the energy sector but also fostering meaningful connections with communities. In collaboration with local partners, LONGi Pakistan organized Iftari events in Sukkur and Peshawar, where 250 people were provided with nourishing meals in each city. These events served as a testament to LONGi Pakistan's commitment to making a...
Post a Comment
Read more

realme Unveils its Production Process to its Community with a Visit to its Assembly Plant in Pakistan

         realme’s Fan Meet up started with an informative factory visit and ended with thrilling rounds of bowling   Behind every successful business there is an army of loyal fans lending their support for its endeavors. For realme, the strong presence of its fans has always been felt in every step of the journey to grow to the heights that the smartphone brand has reached now. realme aims to maintain a certain level of transparency with its community of fans. Having them be aware of how realme operates, what goes into the making of realme devices, as well as realme’s core values is highly important in developing the tech democratizer’s relationship with its fan community.   For this reason, realme decided to pull back the curtain on Wednesday, 10 th  August 2022 during its 828 Fan Fest celebrations and took a group of select fans to their assembly plant on the outskirts of the city of Lahore. This inside look was followed by an exciting hi-tea a...
Post a Comment
Read more

Seventeen teachers from Beaconhouse complete the International Subject Leadership Certificate

                 Seventeen teachers from Beaconhouse,  one of the largest private educational networks in the world educating over 315,000 students , have successfully completed the inaugural International Subject Leadership Certificate  by the UK-based Professional Training Institute. The 18-month accreditation is a modular course that allows participants to work with experienced practitioners to design exceptional lessons. It aims to develop subject leaders through the design and delivery of challenging Schemes of Work (SOW). Teachers  enrolled in the course reflected on the current context of their subject within their school curriculum, considered what makes successful subject leadership, and explored the course success criteria during the online launch meeting. They gathered evidence to help reflect upon and illustrate the impact of their work on pupils, colleagues and themselves. Du...
Post a Comment
Read more