Students of University of Management and Technology (UMT) visited the Lahore Stock Exchange (LSE) where they were given an insight about practical aspects of the financial institutions by industry professionals.
The visit was part of the nation-wide Campus Outreach Programme launched by the Lahore Stock Exchange. The programme is part of the Financial Literacy Initiative for promotion of financial skills and knowledge of common citizens, and to encourage broader inclusion in the financial system. As part of the programme, educational institutions are joining hand with LSE to participate in series of sessions on financial literacy.
The purpose of visit was to allow the students to interact with various financial industry practitioners in a stock exchange setting and get a chance to visit different financial institutions all at one location. The panel of professionals included Zafar Iqbal from Central Depository Company (CDC) and Imran-ul Haq Cluster Manager, Summit Bank along with LSE officials.
Zafar briefed the students on the need for setting up CDC and various facilities being offered by CDC not only to add efficiency but also for increased transparency and investors confidence. He explained as to how investors can use various CDC services for protecting their portfolios. Imran also addressed the students and informed them about local commercial banks and banking products being offered.
Nadeem Asghar, Head of Investor Relations LSE also briefed the students about various investment opportunities and market dynamics. Later, the students visited various banks and brokerage houses where they were given overviews on the functioning of these institutions such as trading, banking products and services, lending and borrowing services and local as well as international remittances, etc.