AGL 40.00 Decreased By ▼ -0.16 (-0.4%)
AIRLINK 129.53 Decreased By ▼ -2.20 (-1.67%)
BOP 6.68 Decreased By ▼ -0.01 (-0.15%)
CNERGY 4.63 Increased By ▲ 0.16 (3.58%)
DCL 8.94 Increased By ▲ 0.12 (1.36%)
DFML 41.69 Increased By ▲ 1.08 (2.66%)
DGKC 83.77 Decreased By ▼ -0.31 (-0.37%)
FCCL 32.77 Increased By ▲ 0.43 (1.33%)
FFBL 75.47 Increased By ▲ 6.86 (10%)
FFL 11.47 Increased By ▲ 0.12 (1.06%)
HUBC 110.55 Decreased By ▼ -1.21 (-1.08%)
HUMNL 14.56 Increased By ▲ 0.25 (1.75%)
KEL 5.39 Increased By ▲ 0.17 (3.26%)
KOSM 8.40 Decreased By ▼ -0.58 (-6.46%)
MLCF 39.79 Increased By ▲ 0.36 (0.91%)
NBP 60.29 No Change ▼ 0.00 (0%)
OGDC 199.66 Increased By ▲ 4.72 (2.42%)
PAEL 26.65 Decreased By ▼ -0.04 (-0.15%)
PIBTL 7.66 Increased By ▲ 0.18 (2.41%)
PPL 157.92 Increased By ▲ 2.15 (1.38%)
PRL 26.73 Increased By ▲ 0.05 (0.19%)
PTC 18.46 Increased By ▲ 0.16 (0.87%)
SEARL 82.44 Decreased By ▼ -0.58 (-0.7%)
TELE 8.31 Increased By ▲ 0.08 (0.97%)
TOMCL 34.51 Decreased By ▼ -0.04 (-0.12%)
TPLP 9.06 Increased By ▲ 0.25 (2.84%)
TREET 17.47 Increased By ▲ 0.77 (4.61%)
TRG 61.32 Decreased By ▼ -1.13 (-1.81%)
UNITY 27.43 Decreased By ▼ -0.01 (-0.04%)
WTL 1.38 Increased By ▲ 0.10 (7.81%)
BR100 10,407 Increased By 220 (2.16%)
BR30 31,713 Increased By 377.1 (1.2%)
KSE100 97,328 Increased By 1781.9 (1.86%)
KSE30 30,192 Increased By 614.4 (2.08%)

TEXT: Let me begin by congratulating the Society and applauding the continuous efforts of CFA Society Pakistan to instill highest standards of ethics, and the Society’s invaluable contribution in promoting professional excellence in capital markets of Pakistan over the last 20 years.

CFA® Charterholders in Pakistan also serve as a link between local market practices and global best practices. SECP supports initiatives that foster competition and inculcate ethical decision making. It is encouraging to see that CFA Society Pakistan has always upheld highest standards of education, ethics, and professional competence. Its effective role in supporting SECP mandate for development of various financial products and increasing investor penetration in the mutual fund industry is indeed commendable.

Recent damage caused by floods in Pakistan has enhanced need for identifying Environmental Social and Governance (ESG) issues and risks due to climate change. The Society has played an effective role in raising awareness, capacity building and research for issues related to corporate governance, sustainability and ESG based investing. SECP has also proposed an ESG regulatory roadmap with key milestones for capital markets and given the Society’s efforts in this domain, we look forward to working with them in the coming months. I am hopeful that these efforts will pave way for promoting ESG based investing, enhancing ESG disclosures, and the launch of ESG based products and ESG based index at Pakistan Stock Exchange.

The leadership at the Society, led by Mr. Abdul Rehman Warraich, CFA, President, CFA Society Pakistan, and Mr. Mohammad Shoaib, CFA, Director and Advocacy Chair, CFA Society Pakistan have played a commendable role in engaging all the stakeholders.

I wish the Society the very best in its future endeavors!

Copyright Business Recorder, 2022

Comments

Comments are closed.