Page 3 - Newsletter-Aug2015

Governance, Transparency and Service to Members & Students www.icap.org.pk The competition kicked off with a quick introduction of The entire testing material was developed by the the teams followed by the presentation round which technical partners, A.F. Ferguson & Co. and Deloitte was judged by a panel of three distinguished judges: Yousuf Adil. The event was organised with the support Mujahid Eshai, FCA, Syed Masoud Ali Naqvi, FCA, and of, Terrabiz team. The media partners for the event were Fakir Syed Aijazuddin, FCA. The second round was the ARY Digital and Business Recorder and KAPCO was the Q&A session that was a test of their presence of mind silver sponsor for the event. and technical knowledge. The third round, the buzzer round, started just after lunch break in which each team made efforts to outscore the others. This was the most Seminar: Macro-economic exciting round which kept the audience involved. The Happenings in Pakistan in light audience supported all teams wholeheartedly. of Economic Theories Once the judges evaluated the presentations, the results were announced: Engro Fertilizers Limited was the winner, while Central Depository Company of Pakistan Limited and Byco Petroleum Pakistan Limited were the first and second runner-ups respectively. The winning team was awarded a champions trophy and Mac Book Air; the first runner-up received iPad Air; and the second runner up received Samsung Galaxy A5. Shields were given to each member of the three teams. Certificates were also given to all the six finalist teams. Unilever Pakistan presented a gift for both individual performance to Taha Asif from Haleeb Foods. Shields were also presented to the PAIB organising ICAP senior member Talat Javed presenting souvenir to the presenter committee, technical partners A.F. Ferguson & Co. and Ali Khizar. Deloitte Yousuf Adil, media partner ARY Digital Network and master of ceremonies. President ICAP Yacoob Suttar in his closing remarks emphasised the importance of the finance professionals working in the industry and highlighted ICAP's initiatives to cater to their needs. The president congratulated the winners and thanked the organising committee, technical partners, media partners, jury members, ICAP examinations department, Unilever Pakistan and all others who made this event a success. He also said that ICAP would make the National Finance Olympiad an Group photo of participants & NRC members. annual event. The Continuing Professional Development Committee (CPD) of Northern Region organised a seminar on The master of ceremonies, Hassan Bin Rizwan exhibited Macro-economic Happenings in Pakistan in light his sense of humour at tense situations and kept the of Economic Theories on July 10, 2015 at ICAP house, teams’ hopes alive. Lahore. The National Finance Olympiad 2015 started off with Macro-economics is a branch of economics dealing registrations of 28 teams from renowned organisations with the performance, structure, behavior, and decision- across Pakistan. After a three hour intense MCQs-based making of an economy as a whole, rather than individual examination held simultaneously in Karachi and Lahore markets. This includes national, regional, and global on July 28, 2015, six teams qualified for the grand finale. economies. Keeping this in mind, the CPD Committee of Each team was given a different topic for presentation NRC held a special session on this theme considering our which they were to submit a day before the finale. economic scenario for the benefit of our members. August 2015 3