Page 20 - The Pakistan Accountant July-September 2017

CA Signature Qualificationture Qualification Signa P CA that Empowers to Leadthat Empowers to Lead PAKISTANAKISTAN Special Report - ICAP Top 100 Companies of Pakistan he concept of ICAP Top 100 Companies of Pakistan, a first of its kind and an exciting initiative, was first floated a year back, in a Publication Committee meeting, by the Tcommittee chairman Yacoob Suttar. After several meetings and discussions, a format was finally developed. And now ICAP presents with pride, a special report ICAP Top 100 Companies of Pakistan list, to give recognition to high performing companies of the country. The list is based on the data of listed companies available at Pakistan Stock Exchange (PSX) website, reporting highest revenue for the year 2016 ranked with highest on the top (Annexure-I). Another list (Annexure-II) provides these companies with highest profit on the top and so on. Other information included are total assets, equity and ratios to the total revenue in order to provide users a quick look at the performance of these companies. In the end a sector-wise Index has been added (Annexure-III) for quick reference. Being a national accounting body, ICAP understands that the business and economic environments are changing at a very fast pace not only within country but also internationally and embraces new and emerging realities through its various initiatives including introduction of Corporate Governance in collaboration with the regulators and business community. To encourage and give recognition to excellence in corporate reporting, ICAP has been organising ‘Best Corporate and Sustainability Report Awards’ competition since 2000, jointly with the Institute of Cost and Management Accountants of Pakistan. The aim is to promote corporate accountability and transparency in the country. And now another major initiative by ICAP, ICAP Top 100 Companies of Pakistan, which will be a benchmark of business success and represent the growth of the country’s corporate sector. 18 T The Pakistan Accountant he Pakistan Accountant July - September 2017eptember 2017 July - S 18