ACCA, SECP sign MOU

ISLAMABAD: The Association of Chartered Certified Accountants (ACCA) signed a memorandum of understanding (MOU) with the Securities and Exchange Commission of Pakistan (SECP) to promote investor education, environmental, social, and governance (ESG) practices and corporate growth.

The ACCA and SECP have enjoyed a robust partnership since 2017 under Jama Punji initiative. The MOU reaffirms both organisations' dedication to promote financial literacy, sustainability, ethical standards, mentorship for startups and supporting learning initiatives, a statement said on Friday. The event featured a series of insightful discussions and presentations, culminating in the MOU signing.

"The collaboration with ACCA under this MOU is a testament to our dedication to fostering an environment of transparency and governance in Pakistan's corporate sector," chairman of SECP, Akif Saeed, said. "SECP is committed to advancing investor education, collaborating on sustainability initiatives and promoting startup ecosystem. SECP believes that our joint efforts with ACCA will play a pivotal role in strengthening the economic framework of the country."

ACCA director of Asia Pacific, Pulkit Abrol said the renewed partnership with SECP is not just a continuation of a long-standing relationship but a step forward in the joint efforts to empower the financial and corporate sectors with sustainable practices, innovation initiatives and governance. "We are excited to work together towards a future where investor education and sustainability reporting are not just norms but drivers of economic growth and stability."