Deputy Governor of the State Bank of Pakistan (SBP), Dr. Inayat Hussain has said that continuous learning has pivotal role in ensuring the long-term success of professionals within the financial industry. This was stated by him while speaking at the launch of the Treasury Management Certification, jointly developed by CFA Society Pakistan and National Institute of Banking and Finance (NIBAF) in collaboration with SBP and Financial Market Association, said a statement issued here. Dr. Inayat Hussain highlighted the importance of providing treasury professionals with the skills necessary to navigate the challenges of an evolving financial landscape. He emphasized investing in staff development enables professionals not only to effectively manage risks and ensure compliance, but also to leverage new technologies, and adapt to dynamic market conditions. Collaborative efforts of the SBP, National Institute of Banking and Finance (NIBAF) Pakistan, the CFA Society Pakistan, and the Financial Market Association for developing the certification program tailored to meet local market requirements are commendable, he added.

The Deputy Governor SBP encouraging the financial industry to seize this opportunity urged institutions to encourage registration of their treasury staff for the certification. He also spoke on challenge of maintaining quality standards and emphasized on keeping the curriculum aligned with advancing technology and market practices. Speaking on the occasion, Director CFA Society Pakistan, Mohammad Shoaib said that NIBAF and the CFA Society Pakistan have collaborated to design and develop a local certification in treasury management that is custom designed to meet the requirements of the local capital and money markets. He said that the Certification covers conventional treasury products and concepts besides offering learning opportunities in Islamic treasury functions which is critical for the conversion of the entire financial system to an Islamic mode as per the directive of Supreme Court. Attended by executives from the SBP, the CFA Society Pakistan, Financial Market Association, and NIBAF, the event marked a significant step towards enhancing the professional capabilities of the treasury staff in the financial sector.

Credit: Independent News Pakistan