Sebi body to set up securities training institute in Pakistan
MUMBAI: Sebi-promoted National Institute of Securities Market (NISM) has agreed to offer its help to set up a securities training institute in Pakistan. This is part of the capacity building cooperation measures that the financial market regulators and intermediaries of India and Pakistan have finalized.
This move was confirmed by Imtiaz Haider, commissioner, securities market, Securities and Exchange Commission of Pakistan (SECP). "Initially, we plan to conduct a week-long course for people of Pakistan at NISM. On our part, we have also invited them to attend the Lahore Economic Conference in February and we will take it forward from there," Haider, who is leading the delegation under the Aman Ki Asha (Hope for Peace) initiative, said. Aman Ki Asha is the initiative of the two largest media groups of both the countries-The Times of India and the Jang/Geo group of Pakistan, and is being coordinated by the South Asian Federation of Exchanges (SAFE)-the industry association of the stocks and commodity exchanges of the region.
On Wednesday, the delegates from Pakistan's capital market exchanged views with top officials from Sebi to learn about each other's markets and explore avenues for future cooperation. The delegates explored many areas of cooperation like investor protection and education, IPO reforms, listing of SMEs and market operations etc. Haider, the leader of the focus group from Pakistan, said that the visit has been a great learning experience for the entire team. Moving forward, he expects capacity building cooperation with the Indian regulators as well as other capital market institutions in India.
On Wednesday, the 18-member delegation met Rajeeve Agarwal, whole time member, Sebi, and S Ramann and PK Nagpal, both executive directors at the regulatory body. Top officials from NISM were also present at the meeting. Later in the day, the Pakistani team also met top officials from NSE, NSCCL and NCDEX. The group also had a meeting with Jignesh Shah, chairman & group CEO, Financial Technologies. FTKMC, a group entity facilitated the delegates visit in Mumbai. The delegation is scheduled to meet top officials of BSE on Thursday before departing for Pakistan.
According to Hanif Jhakura, CEO, Central Depository Company of Pakistan, the visit has highlighted the role of cross border investments in sensitizing the populations of each other's countries so as to enable them to start viewing each other as friendly asset classes. Another member of visiting group, Abdul Qadir Memon, stated that the mood of the meeting at Sebi and NSE had been that both sides remain willing to scale up the level of cooperation and to link both the markets as part of expanding the global outreach of their domestic markets.
The 18-member delegation also comprised M Asif, commissioner, Insurance Division, SECP, Aftab Ahmed Chaudhry, secretary general, SAFE and MD, Lahore Stock Exchange, Ali Azeem, director, SAFE, M Luqman, CEO, National Clearing Company of Pakistan, Mian Ayaz Afzal, MD, Islamabad Stock Exchange, Yasir Mahmood, ex-chairman, Lahore Stock Exchange, and Omer Iqbal Pasha, CEO, Pasha Securities.
Courtesy by TNN | Times of India
Tuesday, December 20, 2011
This move was confirmed by Imtiaz Haider, commissioner, securities market, Securities and Exchange Commission of Pakistan (SECP). "Initially, we plan to conduct a week-long course for people of Pakistan at NISM. On our part, we have also invited them to attend the Lahore Economic Conference in February and we will take it forward from there," Haider, who is leading the delegation under the Aman Ki Asha (Hope for Peace) initiative, said. Aman Ki Asha is the initiative of the two largest media groups of both the countries-The Times of India and the Jang/Geo group of Pakistan, and is being coordinated by the South Asian Federation of Exchanges (SAFE)-the industry association of the stocks and commodity exchanges of the region.
On Wednesday, the delegates from Pakistan's capital market exchanged views with top officials from Sebi to learn about each other's markets and explore avenues for future cooperation. The delegates explored many areas of cooperation like investor protection and education, IPO reforms, listing of SMEs and market operations etc. Haider, the leader of the focus group from Pakistan, said that the visit has been a great learning experience for the entire team. Moving forward, he expects capacity building cooperation with the Indian regulators as well as other capital market institutions in India.
On Wednesday, the 18-member delegation met Rajeeve Agarwal, whole time member, Sebi, and S Ramann and PK Nagpal, both executive directors at the regulatory body. Top officials from NISM were also present at the meeting. Later in the day, the Pakistani team also met top officials from NSE, NSCCL and NCDEX. The group also had a meeting with Jignesh Shah, chairman & group CEO, Financial Technologies. FTKMC, a group entity facilitated the delegates visit in Mumbai. The delegation is scheduled to meet top officials of BSE on Thursday before departing for Pakistan.
According to Hanif Jhakura, CEO, Central Depository Company of Pakistan, the visit has highlighted the role of cross border investments in sensitizing the populations of each other's countries so as to enable them to start viewing each other as friendly asset classes. Another member of visiting group, Abdul Qadir Memon, stated that the mood of the meeting at Sebi and NSE had been that both sides remain willing to scale up the level of cooperation and to link both the markets as part of expanding the global outreach of their domestic markets.
The 18-member delegation also comprised M Asif, commissioner, Insurance Division, SECP, Aftab Ahmed Chaudhry, secretary general, SAFE and MD, Lahore Stock Exchange, Ali Azeem, director, SAFE, M Luqman, CEO, National Clearing Company of Pakistan, Mian Ayaz Afzal, MD, Islamabad Stock Exchange, Yasir Mahmood, ex-chairman, Lahore Stock Exchange, and Omer Iqbal Pasha, CEO, Pasha Securities.
Courtesy by TNN | Times of India
Tuesday, December 20, 2011
Dear India Pakistan Judicial Committee on Prisoners...
Peace activists' memo to Indo-Pak Judicial Committee on Prisoners urges steps to provide relief to inadvertent border crossers, including fishermen, - and their boats .....more
Condemnable attack on unarmed prisoner
The attack in prison on Sarabjit Singh, an Indian national in Pakistani prison for over 22 years, has given the situation an ugly turn, escalating tensions between India
.....more
The attack in prison on Sarabjit Singh, an Indian national in Pakistani prison for over 22 years, has given the situation an ugly turn, escalating tensions between India
.....more
Testimonials
"No two nations are as alike as Pakistanis and Indians"
"People on both sides of border want to meet each other because they share same culture, history, la .....more
"No two nations are as alike as Pakistanis and Indians""People on both sides of border want to meet each other because they share same culture, history, la .....more
Starting from trash
Indian Punjab to replicate Lahore solid waste management model
A unique bond is set to develop between the civic authorities of Ind .....more
Indian Punjab to replicate Lahore solid waste management model
By Shahzada Irfan Ahmed
A unique bond is set to develop between the civic authorities of Ind .....more
"We have faced partition twice"
- Sagar Sarhadi
It was .....more
- Sagar Sarhadi
A vocalist from Lahore meets a lost Marxist from Baffa, Abbottabad, in the capitalist film industry of Bollywood
By Sehyr Mirza
It was .....more
Briefs
Deputy Chief Minister of Indian Punjab Sukhbir Singh Badal has directed Commissioner Ludhiana to prepare a .....more
Punjab provinces to cooperate for waste management
Deputy Chief Minister of Indian Punjab Sukhbir Singh Badal has directed Commissioner Ludhiana to prepare a .....more
Page 3 of 175
Special Editions
more editions
The News on Sunday Special Report: India Pakistan prisoners
We probably didn't need to do this Special Report. Newspaper stories don't matter when it comes to Indians in Pakistani jails and vice versa. In fact, 'vice versa' sums it up. We do to them what they do to us.
Except when the two countries decide to begin talking, yet again! This time a little before the foreign secretary level talks, some Pakistani prisoners were released by India (and vice versa must have happened) and some more were release....read more
Blog
more
For the past 2 years the Jang Group and Geo have been working on a project of great national interest; one that we hope will help usher in an era of peace and prosperity in the country and indeed, in the region. And one that hopefully all Pakistanis can be proud of.
The Jang Group has entered into an agreement with the Times of India Group, the largest media group of India, to campaign for peace betw
Global Media
Comments