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 Special Events

Session on Trading Algorithms and Data Driven Trading

CFA Society Pakistan and The Nest I/O jointly hosted an informative session on ‘Trading Algorithms and Data Driven Trading’ by Mr. Ashar Mahboob, Co-Founder of Quantbot Technologies LP on 5th December 2019.

During the session, the speaker highlighted how algorithms driven platforms have increased the efficiency of market neutral traders. From strategy to acquisition in 0.1 microseconds, conversion of news into numeric signals, the influx of algorithms is changing even how fundamental traders approach trading.

Sessions on ‘Pakistan Public Debt – Outlook and Challenges’

CFA Society Pakistan invited Director General Debt, Ministry of Finance, Mr. Abdul Rehman Warraich, CFA, FRM on 28th October 2019 for a two way session with capital market professionals where he shared his insights on how Pakistan’s Debt Management policy was evolving and gained feedback from capital market professionals on different strategies under consideration. The event was much appreciated by the audience in Karachi and the same event was organized in Lahore on 23rd November 2019 for members and capital market professionals.

Global Ethics Day 

To celebrate the Global Ethics Day, CFA Society Pakistan joined hands with ACCA, British Deputy High Commission – Karachi, and The Pakistan Business Council’s Center of Excellence in Responsible Business (CERB) to conduct a series of events in Karachi, Islamabad and Lahore on 9th October, 16th October and 19th October 2019 respectively.

The event saw thought-provoking panel discussion between C-level industry executives, think tanks and other senior professionals and speeches by eloquent speakers.

Renowned speakers including the following gave speeches at the events:  

  • Mr. Paul Smith, CFA, Former President & CEO, CFA Society Pakistan

  • Dr. Ishrat Husain, Advisor to Prime Minister on Institutional Reforms & Austerity

  • Syed Muhammad Shabbar Zaidi, Chairman, Federal Revenue Board

  • Shauzab Ali, Commissioner, Securities & Exchange Commission of Pakistan 

Financial Modeling Workshop

CFA Society Pakistan collaborated with an Int'l Training Firm​, ​​The Marquee Group​ (based in Canada), to provide an extensive training workshop for financial modeling enthusiasts in Pakistan. Three full-house sessions were arranged in Karachi, Lahore and Islamabad on 16th, 19th and 20th September 2019 respectively. In addition to the basic financial modelling training, an extended training on Discounted Cash Flow (DCF) Valuation was also organized in Karachi on 17th September 2019.

The workshops saw overwhelming response from several leading local and multinational institutions along with CFA Society Members, CFA Candidates and employees of SECP (Securities and Exchange Commission of Pakistan) who attended the training.

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Speaker Session on 'Pakistan and the IMF Program'

Date: Monday, 22nd July 2019

Venue: Ambassador Hall, Marriott Hotel, Karachi

CFA Society Pakistan organized a speaker session on 'Pakistan and the IMF Program' by Ms. Teresa Daban Sanchez, IMF Resident Representative Pakistan, on 22nd July 2019 for members of the Society. 

Presentation: IMF-Pakistan Presentation July 22, 2019 - CFA Society Pakistan.pdf


Speaker Session on Economic Policy and Direction

Date: Friday, 12 April 2019

Venue: Governor Hall, Marriott Hotel, Karachi

CFA Society Pakistan organized the speaker session on Economic Policy and Direction by Dr. Waqar Masood Khan, Ex Secretary Finance, in collaboration with Financial Markets Association of Pakistan (FMAP) exclusively for its members. 

Synopsis: Synopsis-CFA-Karachi-12Apr19 (2).pdf

Seminar on IFRS 9 - New Accounting Model for Financial Instruments Seminar on IFRS 9

Date: Monday, 11 February 2019

Venue: Crystall Ballroom, Marriott Hotel, Karachi

IFRS 9 is considered one of the most impactful accounting changes on the horizon particularly for Financial Institutions and most importantly for the Banking Sector. Businesses in other Industries are also likely to see some impact. Expert Finance Professionals and Banking Industry Leaders talked about the expected impact of change in this accounting standard.

Presentation on IFRS 9: IFRS 9 Presentation by Arslan Khalid.pdf

Video of the Seminar on Youtube:


Fintech Smackdown!​​

Date: Tuesday, December 18, 2018

Marquee, Pearl Continental Hotel, Karachi, Pakistan Venue:

The debate around Fintech has been raging on for half a decade, if not more. Does it really have the power to reshape the financial services industry? How dramatically will it change business models and growth expectations in our markets? If you are an established incumbent player, should you be worried? If you are a founder with stars in your eyes, where are the road blocks?

We have all heard the buzz words. Now it is time to put some of them to the test. CFA Society Pakistan brings you a group of Fintech Evangelists and an equally strong group of industry cynics from the banking and technology world for an exciting, no holds barred, Fintech smack down. ​

Witness the panelists debate the future of financial services in our region and the opportunity Fintech represents for all of us. Presented using two panels, the event focuses on answering important questions that will reshape banking, insurance, payments and financial services landscape in coming years. ​

Agenda - Panel Discussion on Fintech.pdf       Panelists and Moderators.pdf       fintech flyer-key (3).pdf

View Panel discussion videos on our youtube channel


Putting Investors First – Managing Business in Pakistan

Date: April 21, 2017  

Venue: LSE


Lahore School of Economics organized a conference on Managing Business in Pakistan on April 21, 2017. The two day conference was aimed at exploring the reality of Pakistan's macroeconomic framework which has been unfavourably battered by the security situation and economic mismanagement in the country. The conference also highlighted how other countries increase profits and seek benefits from investors, and how those techniques can be applied to Pakistan.

CFA Society sponsored the conference and .our esteemed members Abdul Rehman Warraich, CFA, Dr. Kumail Rizvi, CFA and Ashraf Bava, CFA were some of the speakers at the conference.  The conference was qualified for 14 CE hours for CFA Institute members.



An Open Discussion on Current Market Situation

Date: July 15, 2017​


The Pakistan stock market had witnessed considerable turmoil in the past few weeks falling from a high of 52,876 in May 15 to around 44,300 lately. There have been various positive and negative factors at play – from inclusion in the MSCI Emerging Market Index to political uncertainty to Pakistan Cricket Team winning the Champions trophy!


Accordingly, CFA Society Pakistan held a series of candid panel discussions with CEOs and CIOs of leading asset management companies and brokerage houses to understand what happened and what to expect going forward.

The interviews were moderated by Ashraf Bava, CFA. Panel discussions can be viewed online on our youtube channel[SS1] .


-          Panel discussion 1:     Sajjad Anwar, CFA, CIO NAFA,

Mohammad Sohail, Chief Executive Topline Securities,

 Muhammad Asad, CIO, Al Meezan Investments Management


-          Panel discussion 2:     Syed Suleman Akhtar, CFA, CIO, UBL Fund Managers,

 Mustafa O Pasha, CFA, Lakson Investment,

 Muhammad Asim, CFA, MCB Arif Habib Savings and Investments


-          Panel discussion 3:     Raza Jafri, CFA, Director Research, Intermarket Securities

Muhammad Shamoon Tariq, CFA, Partner and Vice CIO, Tundra Founder



Date: November 24, 2017

Venue: Pearl Continental


Mr. Larry Cao, Director Content, CFA Institute Asia Pacific Hong Kong Office, conducted the session and covered the issues and benefits of fintech. In the two hour session, we had a mix of attendees from banking and IT industry. Our senior member, Mr. Inayat Hussain, CFA, Executive Director, State Bank of Pakistan also gave a speech at the session.  


Fintech has taken the financial services industry by storm. Industry professionals are somewhat concerned about how fintech will affect their employers and their own career prospects. So what exactly is fintech? What value does FinTech hold for clients? In what area has FinTech been most successful? Where will FinTech have the most impact in the financial services industry? In attempting to answer these questions, the discussion of the day was to find ways to avoid the potential risk posed by the changes and take advantage of the possible benefits provided by  the latest innovations.



Putting Investors First - Investment and Tax Savings Workshop

Date: August 28, 2017


Aga Khan University organized a panel session for doctors, students and AKU staff members on Investment and Tax Savings on August 28, 2017. This was part of CFA Society Pakistan's Putting Investors First Initiative to create awareness about a fair investing climate among people.

Accomplished professionals from the industry were on the panel list:

Ms. Mashmooma Majeed, CFA, CEO, Mutual Funds Association of Pakistan (MUFAP)

Mr. Raza Jafri, CFA,   Business Director Intermarket Securities

Mr. Amir Qureshi, Additional Joint Director in SCD Supervision and Enforcement Department, SECP

  The workshop was moderated by Mr. Ashraf Bava, CFA, President and Advocacy Chair, CFA Society Pakistan (CEO Nael Capital). Our member Mr. Murad Wazir, CFA, facilitated the process of arranging the workshop session.


 [SS1]Insert link 


The Asia-Pacific Research Exchange – Meetings in August and November 2016

The Asia-Pacific Research Exchange is the latest big endeavor by CFA Institute whereby they are hoping to pool in and stimulate research specific to the region in areas related to investment management. CFA Institute is in the unique position of having solid presence across the region with a body of highly regarded professionals in the local industry. The portal invites research industry professionals and offers a highly credible and professional viewership for the research. Dr. Tony Tan, CFA is heading the project from the CFA Institute.

We had a round of productive meetings with the following institutions in August and November:

  • Institute of Business Administration, Karachi (IBA)
  • Lahore University of Management Sciences, Lahore (LUMS)
  • Lahore School of Economics, Lahore (LSE)
  • Karachi School of Business & Leadership, Karachi (KSBL)
  • Pakistan Credit Rating Agency Ltd., Lahore (Pacra)
  • JCR – VIS Credit Rating Company Ltd. (JCR-VIS)

You can view the research coming in at

Ethics Workshop for Lahore Members
Date: November 25, 2016
Venue: Avari Towers, Lahore
Topic: Why Behaving Ethically is so Hard. Market Misconduct & How Ethics can Improve Market Integrity

Dr. Tony Tan, CFA (Head Standards and Financial Market Integrity Division at CFA Institute, Asia Pacific Region), Mr. Abdul Rehman Warraich, CFA (Debt Management Specialist at Government of Punjab) and Mr. Yaser Manzoor, Director/HoD Surveillance, Supervision and Enforcement Department – Securities Market Division, SECP. The members especially enjoyed Dr. Tony’s deeply perceptive insights on the subject.

This was the second workshop done under the umbrella of MOU signed with SECP earlier this year. The first was one held a panel discussion held at the Pakistan Stock Exchange, Karachi. The event was qualified for 2 CE hours. View photos.

Workshop by Dr. Tony Tan for Pakistan Business Council

Date: November 24, 2016
Venue: Movenpick Hotel, Karachi
Topic: Why Behaving Ethically is so Hard

Centre of Excellence in Responsible Business (CERB) has been setup by the Pakistan Business Council (PBC) comprising representation from the eminent business groups of Pakistan. This was the first of CERB’s Transformational Business Coalition Guest Speaker Sessions. This particular talk, ‘Why Behaving Ethically Is So Hard’, by Dr Tony Tan of the CFA Institute, comes under CERB’s Ethics, Values and Governance Forum, which is dedicated to promoting responsible practices, which will strengthen the formal sector in pursuit of sustainable value creation.

Networking at CDC House and Lunch with OICCI

Date: November 24, 2016
Venue: Breakfast at CDC House, Karachi and Lunch at Boat Club hosted by OICCI

CDC House and CFA Society Pakistan jointly hosted breakfast at the excellent facility at CDC House in the honor of Mr. Attila Koksal, CFA (Member Board of Governors, CFA Institute) and Dr. Tony Tan, CFA (Head Advocacy APAC Region, CFA Institute) where they interacted with the leaders in brokerage and mutual funds industry as well as other industry specialists.

The Overseas Investors Chamber of Commerce & Industry (OICCI) graciously invited them for lunch at the Boat Club along with prominent industry representatives.

Our guests from CFA Institute had very good interaction with the guests where they also discussed CFA Institute’s efforts towards building trust in local capital markets through emphasis on ethics and expertise. View photos.

Panel Discussion On "Putting Investors First" By CFA Society Pakistan

Date:     Wednesday, 21st September 2016
Venue:   Trading Hall, Pakistan Stock Exchange

Securities and Exchange Commission of Pakistan (SECP), Pakistan Stock Exchange (PSX) and CFA Society Pakistan (CFASP) jointly organized a panel discussion to discuss issues on protecting investor rights and promoting transparency and fair investing environment in Pakistan capital markets. View the Event Pics

The esteemed panelist included:

  • Ms. Khalida Habib, Director Investor Education & International Relations, Securities & Exchange Commission of Pakistan;
  • Mr. Nasim Beg, Vice Chairman, MCB Arif Habib Savings & Investments Ltd;
  • Mr. Nadeem Naqvi, Managing Director, Pakistan Stock Exchange;
  • Mr. Muhammad Aliuddin Ansari, Chairman Advisory Board, Alfalah Securities; and
  • Mr. Shehzad Chamdia, Chairman Divestment Committee Pakistan Stock Exchange

The profile and mix of panelists stimulated a lively discussion from various point of views ranging from the challenges faced to reach out to investors, pros and cons of various regulatory measures, to the stock market crisis of 2008. The interaction with participants was stimulating and some new ideas were also floated which were appreciated by all.

CFASP earlier signed an MOU with SECP for joint conduct of activities on promotion of investor rights and related areas with support of CFA Institute. In this regard, the "Statement of Investor Rights" (SOIRs) developed by CFA Institute, was translated into Urdu and both English and Urdu versions were widely publicized for investor education during the year. The SOIRs advise buyers of financial service products of the conduct they are entitled to expect from financial service providers. These rights emphasize on ethical principles that are critical to achieve confidence and trust in any professional relationship. Investor protection promotes investor confidence by reassuring investors that their interests are being safeguarded against market malpractices and recourse against such malpractices is available.


Seminar on "Financial Literacy & Personal Financial Planning"

Mr. Ashraf Bava President CFA Society Pakistan and CEO Nael Capital (Pvt) Limited prepared a presentation on "Role of Broker, Rights & Responsibilities of Investor, Grievance Forums" in Islamabad on 17th December 2015 at a Seminar on "Financial Literacy and Personal Financial Planning" organized by SECP for the students of business schools of Islamabad. Statement of Investor Rights produced by CFA Institute was part of his presentation. There were other senior personalities of the industry including MD NIT Mr. Shahid Ghaffar, MD KSE Mr. Nadeem Naqvi, CEO SAOO Capital Mr. Ali Saeed, Chairman SECP Mr. Zafar Hijazi and Chairman HEC Dr. Mukhtar Ahmad who made the session a great success.


Conference with Lahore School of Economics

For the past three years, Lahore School of Economics (LSE) has been convening their Annual Business Research Conferences in collaboration with CFA Society Pakistan. Their 3rd Annual Business Research Conference on 'Managing Business in Pakistan' was organized on 10-11 April 2015 at LSE, Lahore. Mr. Nadeem Naqvi, Managing Director, Karachi Stock Exchange (KSE), Mr. Akif Saeed, Commissioner, SECP and Mr. Muhammad Sajid, CFA, Partner, JS Private Equity presented on behalf of CFA Society Pakistan. 


Mr. Paul Smith's Visit to Pakistan – December 2014

Mr. Paul Smith, CFA – Managing Director, Asia Pacific, CFA Institute, Hong Kong hosted the Opening Bell Ceremony held on Dec 4th 2014 at the Karachi Stock Exchange during his visit. He also met Mr. Nadeem Naqvi, CFA (Managing Director, KSE) where they exchanged ideas and discussed the importance of promoting CFA program.

We arranged several meetings where the CFA board and Mr. Paul Smith shared their ideas with employers and professional bodies and proposed to develop a relationship with them so as to facilitate charter holders to avail job opportunities and to grow in their careers.

  • CFA Society Pakistan arranged a breakfast meeting with top professional from leading organizations
  • Meeting with Institute of Capital Markets (ICAP)
  • Meeting with Mutual Funds Association of Pakistan (Mufap)
  • Meeting with Overseas Investors Chamber of Commerce & Industry


Workshop with Institute of Capital Markets

We conducted full day Financial Literacy & Ethics Workshops in collaboration with the Institute of Capital Markets (ICM) in Lahore, Islamabad and Karachi on 21st, 23rd and 29th April 2014 respectively. The workshop covered the basic concepts on ethics and finance for journalists, junior staff of the exchanges, regulators, AMCs, brokerage houses, banks, DFIs, NBFIs, etc. The office bearers of CFA Society Pakistan conducted the workshop including Mr. Ashraf Bava, CFA (President/ Advocacy Chair), Mr. Mir Muhammad Ali, CFA (Career Services/Director) & Mr. Kashif Shamraiz, CFA (Treasurer/ Membership & Volunteers/Director).


Live Streaming Sessions

A Live Streaming Session on "Numbers and Narratives: Modeling, Storytelling, and Investing" By Professor Aswath Damodaran was arranged on November 20, 2014, at the Board Room of NBP Fullerton Asset Management Limited (NAFA). Aswath Damodaran is a professor of finance and has authored articles in such publications as the Journal of Financial and Quantitative Analysis and the Journal of Finance.


Awareness Seminar with Karachi Stock Exchange & BMA

An investor awareness seminar on Exploring Investment Opportunities in Pakistan's Capital Markets was conducted on 20th June 2014 in Lahore jointly by BMA Capital and Karachi Stock Exchange Ltd. Speakers at the event were Mr. Moazzam M. Malik, Chairman & CEO-BMA Capital and Mr. Nadeem Naqvi, Managing Director-Karachi Stock Exchange Ltd. A short presentation was made on CFA Institute's Statement of Investor Rights by Mr. Affan Bin Mahmood, CFA. This successful seminar was appreciated all over.