IFMP Shareholders

IFMP has been established as a discrete legal entity, and is operating as an association not for profit registered under Section 42 of Companies Ordinance, 1984. The shareholders of the Institute include:

  1. Securities & Exchange Commission of Pakistan (SECP)
  2. Pakistan Stock Exchange (Formerly: Karachi Stock Exchange Limited)
  3. LSE Financial Services (Formerly: Lahore Stock Exchange Limited)
  4. ISE Towers REIT Management Company Limited (Formerly: Islamabad Stock Exchange Limited
  5. Pakistan Mercantile Exchange (PMEX)
  6. Central Depository Company of Pakistan Limited (CDC)
  7. National Clearing Company of Pakistan Limited (NCCPL)
  8. Mutual Funds Association of Pakistan (MUFAP)
  9. CFA Association of Pakistan (CFAAP)
  10. Institute of Cost & Management Accountants of Pakistan (ICMAP)
Support from International Donor Agencies
Asian Development Bank (ADB)
The Asian Development Bank (ADB) provided support to SECP under its second generation financial markets reform program; covering strengthening governance of securities markets, market professionals, and building the capacity of Institute for Financial Markets Of Pakistan. Objective being, helping to reduce violation of laws and regulations through certification of professionals, training, and other measures.

World Bank (WB)
World Bank had helped Institute of Financial Markets (IFMP) though Capacity building Grant. The World Bank had provided a grant which aims to build the capacity of IFMP to help it sustain the ongoing activities and introduce additional safeguards in the financial markets by accrediting the professionals and gradually adding certain offerings (certifications and licenses), without which the professionals will not be able to operate especially in the stock markets.

*It is important to mention that the above mentioned organizations do not have any control over the institute’s functions or policy, hence have no liability thereof.