In a keynote address at the Mercentile Expo, Akif Saeed, Chairman of the Securities and Exchange Commission of Pakistan (SECP), raised a red flag on the dangers associated with deceptive investment apps circulating on social media. Saeed urged the public to exercise caution, verify platforms through SECP-regulated websites, and stay vigilant against illicit schemes.
Chairman Saeed commended the legitimacy of the Mercentile Exchange as a secure investment platform. He advocated for awareness campaigns to foster the growth of reliable investment avenues. Emphasizing the significance of prudence in digital investments, he proposed innovative platforms tailored for the youth, envisioning a promising future for capital ventures.
The Investment Expo, organized by Mercentile Exchange in collaboration with SECP, featured seminars on stocks, commodities, and mutual funds, aiming to raise awareness through informative sessions. Exhibition stalls provided insights into diverse investment avenues, including stock brokers, commodity brokers, mutual fund insurance, Takaful companies, and microfinance institutions.
Expressing concerns about fraudulent schemes on social media, Chairman Saeed urged investors to exercise caution while navigating the digital investment landscape. Despite challenges, he highlighted the pivotal role of technology in unveiling new opportunities within the financial sector.
The Pakistan Mercantile Exchange (PMEX) organized the InvestExpo, featuring leading entities in the financial sector. The inaugural expo in Islamabad aimed to encourage safe investment alternatives and elevate financial literacy.
Chairman PMEX, Abdul Qadir Memon, expressed gratitude for the expo, showcasing the dynamism and resilience of financial markets. The event celebrated the empowerment of investors, emphasizing the critical importance of investor awareness for a robust financial ecosystem.
Beyond direct beneficiaries, the expo aspires to ensure that every individual and entity involved in financial markets is equipped with knowledge for informed decisions. It endeavors to bridge the information gap, making financial products and services more accessible and contributing to an inclusive financial landscape.
A thriving capital market, according to Chairman Saeed, provides necessary capital for businesses to expand, innovate, and create employment opportunities, thereby driving economic growth. A vibrant capital market enables wealth creation and preservation, allowing investors to diversify portfolios and participate in long-term growth.
The SECP remains committed to maintaining a fair and transparent marketplace, ensuring investor rights and interests through regulatory safeguards. Trust is deemed essential, and ethical conduct is encouraged and expected from all participants, fostering an environment of integrity.
Financial literacy, highlighted through the SECP’s Jamapunji initiative, acts as a shield against malpractice, aiming to empower individuals with knowledge for sound financial decisions.
