ISLAMABAD: The Investor Education Department of the Securities and Exchange Commission of Pakistan (SECP) held an in-house session on ‘capital market framework in Malaysia’ on Monday for its employees.
Geoffrey Ng, a director with a pan-Asian fund management company Fortress Capital Asset Management, told the audience about the structure of capital market and initiatives recently taken by the Malaysian Securities Commission.
Malaysian bond/sukuk market has almost total institutional participation, Geoffrey said in a statement. Giving the examples of tax exempted fixed income funds, he stressed on the recent initiatives taken by the government of Malaysia that encourage the public to save and invest more. Eighteen percent of the individual’s salary goes to the monetary provident fund of government of Malaysia, which is worth around $250 billion.
Shaukat Hussain, SECP commissioner, lauded the chartered financial analyst (CFA) team and the initiatives taken by CFA for the SECP employees.
Government is eager to provide an ecosystem to foreign and local IT companies and investors through policymaking
Rupee ended at 278.43 per U.S. dollar, slightly lower from Wednesday’s close of 278.39
Country’s total reserves fell by $68 million to $13.374 billion
Pakistan Stock Exchange's benchmark KSE 100-share Index shed 43.20 points or 0.06 percent to close at 70,290.12 points
Amount of car financing was Rs243 billion in the prior month. In June 2022, these borrowings reached a record high of...
