ISLAMABAD, Jan 10 (APP): On Wednesday, the Pakistan Stock Exchange and the Islamabad Chamber of Commerce and Industry (ICCI) organized a seminar on “Financial Literacy, Savings & Investment.”
Many members of the business area attended the event, according to a media release.
Ahsan Zafar Bakhtawari, the president of the ICCI, spoke at the seminar and urged reviewing the policy interest rate because it would further the SME (Small & Medium Enterprises) industry.
The SMEs were unable to obtain bank loans for business growth because of the great scheme interest rate, he continued.
Bakhtawari asserted that in order to rescue the nation from the country’s current economic crisis, people, including the business community, must participate.
In order to raise money for business development, he urged the business community to make stock market investments.
He also insisted that the PSX create alluring plans for the SME sector so that it could raise money from the share market.
The stock market offered a better option for businesses to raise money for development, according to Sarman Hussain, Regional Head (Central & North) of the Pakistan Stock Exchange.
He continued, “The SMEs would not only be able to raise funds by selling their shares on the stock market, but it would also encourage good governance for them.”
Only 12% of home businesses in Pakistan go to the next generation, he claimed, so they are declining more than flourishing.
He advised home businesses to concentrate on growth rather than relying solely on one industry.
According to Zahid Latif Khan Securities Private Limited’s CEO, stock market investments are very lucrative.
He claimed that foreign investment investments in the stock market had significantly increased between July and December 2023, demonstrating foreign investors ‘ confidence in Pakistan’s business.
He claimed that although Pakistan had a population of about 240 million, it had about 75 million bank buyers and just 310,000 traders in the stock market, which was not encouraging.
He advised companies to invest in the stock market because doing so would enhance their status and make it easier for them to raise funds.
He claimed that the caregiver president’s actions to stop trafficking and the Afghan Transit Trade had a favorable effect on the property market.