Page 5 - Newsletter-September-2018

Governance, Transparency and Service to Members & Students www.icap.org.pk Best Corporate and Sustainability Report 2017 Awards he Institute of Chartered Accountants of Pakistan this competition has brought tremendous improvement T (ICAP) in collaboration with the Institute of Cost and in the annual reports of the companies over the period. Management Accountants of Pakistan (ICMAP) organised This fact has also been acknowledged at the regional the Best Corporate and Sustainability Report (BCSR) level as the number of winning Pakistani companies of Awards 2017 on August 7, 2018 at Movenpick hotel, South Asian Federation of Accountants (SAFA) awards Karachi. More than 40 awards were presented to the has increased. companies for good reporting. The Evaluation Committee chairman, Abdul Rahim Tariq Hassan, chairman Audit Oversight Board, Richard Suriya, in his brief said that the criteria for the year 2018 Morin, CEO Pakistan Stock Exchange (PSX) and Dr. has been revamped and it is based on International Zeeshan Ahmed, dean Karachi School of Business Integrated Reporting Framework which aims to Leadership (KSBL) were the guests of honour. improve the quality of information available to providers of financial capital to enable a more efficient and The president ICAP, Riaz A. Rehman Chamdia, in productive allocation of capital. his address offered heartiest felicitations to all the companies who participated in this competition and in Cherat Packaging Limited was declared the top particular to those who were adjudged the best. He said winner. Mughal Iron & Steel, Attock Petroleum, Cherat September 2018 5