Financial literacy: Know your business skills…early

Lahore Stock Exchange kicks off Young Investors Scheme.

LAHORE:

“Poor financial decisions at an early stage can cost the youth their opportunities. We will help them make smarter decisions and minimise risks,” Aftab Ahmad Chaudhry, managing director of the Lahore Stock Exchange (LSE), said on Wednesday.

Chaudhry was addressing students at the first seminar of the LSE’s Young Investors Scheme at Forman Christian College.

He said younger people were often confronted with more complicated problems regarding financial decisions. To be able to cope with such situations, he said, the youth needed better financial education and access to critical resources.

Explaining the goals of the Young Investors Scheme, Chaudhry said it was a national financial literacy programme for young investors, aimed at enabling the youth to efficiently manage their finances.

“The primary goal is to provide the young investors with skills to save and invest the money,” he added.

He announced several initiatives to be taken by LSE in future to promote business opportunities in various sectors. He informed the students about opportunities at small and medium scale ‘waiting to be tapped’ for which, he said, the Exchange was equipped to help them.

He also shared with the students the steps taken by the LSE recently to enhance confidence and trust of the investors in the functioning of the exchange as a frontline regulator.

He also said that the exchange was committed to providing transparent and fair dispute resolution mechanism for adjudicating the disputes arising between its members and investors.

LSE Director Mazhar Rafique also spoke at the seminar.

He talked about the current market conditions and investment decisions. He also talked about the role of brokerage houses and their contribution towards social and economic development of the country.

Towards the end, the LSE officials were presented books as souvenirs.

Published in The Express Tribune, January 12^th, 2012.