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Supplements: ICMA Pakistan - Best Corporate and Sustainability Report Awards 2013

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I am pleased to know that the Institute of Chartered Accountants of Pakistan and the Institute of Cost and Management Accountants of Pakistan have carried on the tradition of providing the Best Corporate and Sustainability Award, reflecting their commitment to enhancing the quality of corporate and sustainability reporting by promoting and encouraging excellence in corporate disclosure.These awards have recognised excellence in reporting practices since several years and honours Pakistani companies, while promoting transparency through timely, factual, accessible and reader-friendly reports.

I am pleased to learn that the Institute of Chartered Accountants of Pakistan (ICAP) and the Institute of Cost and Management Accountants of Pakistan (ICMAP) have kept the tradition of giving Best Corporate and Sustainability Report Awards.
I am pleased to know that the Institute of Chartered Accountants of Pakistan and the Institute of Cost and Management Accountants of Pakistan have kept the tradition of giving Best Corporate and Sustainability Report Awards. These awards are greatly valued and are encouraging companies to disclose maximum information in a timely organized manner.
Corporate reports are growing complex. They are becoming longer and richer in content. The current reporting model has been dominated for decades around the financial information. It is like looking in the rear-view mirror whereas the road ahead is turbulent with possible impacts on the company, both financial and environmental.
On behalf of the Institute of Cost and Management Accountants of Pakistan, I would like to thank and appreciate all the companies who have taken part in this year's "Best Corporate and Sustainability Report Awards - 2013", and all the members of Joint Committee of CA and ICMA Pakistan and Members of the Evaluation Committee for organising this impressive ceremony.
The Institute of Cost and Management Accountants of Pakistan (ICMAP) and the Institute of Chartered Accountants of Pakistan (ICAP), in addition to uplifting and regulating the Accountancy Profession, are fully committed to serving the public interest by promoting transparency & accountability, encouraging adoption of best corporate practices and supporting implementation of high ethical standards in the country.
In the face of growing challenges in reporting information, there is greater need of transparency and building investor confidence. The Annual report is company's most important strategic communications document, setting forth the company's vision, values and operating philosophy, as well as its communication strategy. Annual report is the window to an entity reflecting its past performance, outlining its future opportunities and avenues for the prospective investors. The Annual report provides a chance to anticipate how the company is perceived, in light of trends and competition, and to articulate a forward-looking story about the company that reflects vision and direction.

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln