Page 4 - Newsletter-September- 2017

Newsletter The Institute of Chartered Accountants of Pakistan they engage. This event encourages companies to He emphasised on promoting the culture of high-quality enhance corporate reporting and meet stakeholders’ disclosures in annual reports which he said, enhances expectations. the confidence of the existing investors and is beneficial for the organisations to attract local as well as foreign The chief guest, in his speech, appreciated the efforts investors. He reiterated that government fully supports of ICAP and ICMAP for organising the awards every year the initiatives and activities which enhance economic for encouraging and promoting the corporate reporting growth and stability. system and said that high-quality information is integral for the successful management of the business, and is Fauji Fertilizer Company Limited received the overall one of the major drivers of sustainable organisational winner for the Best Corporate Report and was also success. He congratulated all winners of Best Corporate declared winner for the Best Sustainability Report. and Sustainability Report Awards. Following are other winners: Best Corporate and Sustainability Report 2016 Awards Winners Best Corporate Report Award RANK SECTOR/COMPANY OTHERS BANKS First Cherat Packaging Limited First MCB Bank Limited Second Synthetic Product Enterprises Limited Second Allied Bank Limited Third Rafhan Maize Products Company Limited Third Meezan Bank Limited Joint 4th Avanceon Limited Fourth Bank Alfalah Limited Joint 4th Thal Limited Fifth Tri-Pack Films Limited NBFIs TEXTILE Joint-1st First Habib Modaraba First Kohinoor Textile Mills Limited Joint-1st Jubilee General Insurance Company Limited Joint 2nd Sadaqat Limited Second EFU General Insurance Limited Joint 2nd Gadoon Textile Mills Limited Third EFU Life Assurance Limited Third Gul Ahmed Textile Mills Limited CEMENT & SUGAR Fourth Nishat Mills Limited Joint-1st Cherat Cement Company Limited NPO Joint-1st Maple Leaf Cement Factory Limited Second Lucky Cement Limited First The Citizens Foundation Third Thatta Cement Company Limited CHEMICALS & PHARMACEUTICAL ENGINEERING & AUTOS First Fauji Fertilizer Company Limited Joint 2nd ICI Pakistan Limited Joint-1st Crescent Steel and Allied Products Limited Joint 2nd Engro Polymers and Chemicals Limited Joint-1st Atlas Battery Company Limited Third Abbot Laboratories (Pakistan) Limited Joint-2nd Atlas Honda Limited Fourth Fauji Fertilizer Bin Qasim Limited Joint-2nd Al-Ghazi Tractors Limited Fifth Lotte Chemical Pakistan Limited Joint-3rd Pak Electron Limited Joint-3rd Mughal Iron & Steel Industries Limited Fourth International Industries Limited Best Sustainability Report Award FUEL & ENERGY RANK WINNERS First Mari Petroleum Company Limited First Fauji Fertilizer Company Limited Second Attock Petroleum Limited Second ICI Pakistan Limited Third Pakistan State Oil Company Limited Third Crescent Steel and Allied Products Limited Fourth Hub Power Company Limited Joint 4th Attock Refinery Limited Fifth Oil and Gas Development Company Limited Joint 4th Atlas Honda Limited 4 September 2017