News Desk
ISLAMABAD: Association of Chartered Certified Accountants (ACCA) and Pakistan Stock Exchange (PSX) signed a Memorandum of Understanding (MoU) on Tuesday for knowledge sharing and capacity building and on financial literacy and inclusion, environment, Sustainable Development Goals (SDGs), social and governance (ESG), CPEC verticals, IPOs, investment management, and social entrepreneurship.
Highlighting the importance of MoU, Managing Director, and Chief Executive officer PSX, Farrukh Khan, remarked that the agreement laid down the guiding principles to benefit the market participants and capital markets to flourish cooperation between ACCA and PSX capacity building.
He added it will also help other stakeholders in terms of financial literacy, inclusion, CPEC verticals, ESG, and investment management, among other subjects and areas.
Benefits of MoU between PSX and ACCA
He further said the MoU would enable PSX and ACCA to arrange workshops and webinars to disseminate information on PSX’s mandate and scope of activities. Moreover, mentorship is also provisioned in the MoU for introducing start-ups to guide them on their financial activities and boost their economic potential.
Meanwhile, ACCA president Joseph Owolabi expressed that the MoU would provide an opportunity for optimistic change to youth and contribute to the promising future of Pakistan.
He further said, mutual commitment to encourage financial inclusion was vital to individual empowerment while also driving inclusive, sustainable economic prosperity.
The MoU also would help PSX and ACCA to develop a calendar and organize joint and independent events and activities for their stakeholders’ networks.
