The 5th Press briefing session of its USAID Small Grants Program funded project on developing a regionally harmonized regulatory framework was conducted by SAFE, on Thursday, 4th April 2013, at Marriott Hotel, Islamabad.

Mr. Aftab Ahmed Chaudhray, Secretary General, SAFE, in his speech, emphasized on the need to increase cross boarder financial activities within the South Asian region to create strong intraregional links and an integrated economic region. He also thanked the U.S. Government, through the U.S. Agency for International Development (USAID), for working towards securing a self-sustaining economic future of Pakistan by nurturing more efficient economic environment.

“We believe that SAFE’s project shall serve as a landmark initiative to achieve economic growth, not only in Pakistan, but all across the South Asian region”, he said. He further thanked the people of United States of America for their commitment to assist Pakistan to further develop its economic sector and economic sustainability.

SAFE’s prime consultant Mr. Nabeel Zubair gave an informative presentation on the project. Main focus of the presentation was to appraise the participants about the consultants’ visits to SAARC countries with the objectives of building relations with the industry working groups; informing them about SAFE’s project objectives and outcomes; and briefing on IOSCO guidelines and getting stakeholders’ feedback on regulations amendments. He further appraised the audience about the second phase of the international travel, envisaged to start by mid April 2013, to meet Asset Management Companies, Brokerage Firms and Investment Banks in the SAARC region.


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