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Supplements: ICAP - Best Corporate and Sustainability Report Award 2014

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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 known 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. These awards are greatly valued and are encouraging companies to disclose maximum information in a timely organised manner.
The annual report is the company's most important strategic communication document, setting forth the company's vision, values and operating philosophy as well as communicating its past performance and outlining its future opportunities and growth prospectus, enabling an investor making an informed decision about investment in that company.
On behalf of the Institute Cost and Management Accountants of Pakistan I would like to thank all the companies who have taken part in this years "Best Corporate and Sustainability Report Awards - 2014", all the members of Joint Committee of CA and ICMA Pakistan and Members of the Evaluation Committee who have made this ceremony possible once again.
The accountancy profession has a great deal to contribute to, and a key role to play in, enhancing organisational reporting. The profession has a long history of involvement in a number of key areas eg, developing and improving financial reporting processes and controls, and identifying, measuring, and reporting key financial and other informationthat are important to the development and implementation of organisational reporting frameworks that go beyond traditional financial reporting.
Established on July 1st 1961 through the enactment of the Chartered Accountants Ordinance, 1961 the Institute of Chartered Accountants of Pakistan (ICAP) is a professional body representing Chartered Accountants employed in public practice, business and industry.
The Institute was established in 1951 with the name of 'Pakistan Institute of Industrial Accountants (PIIA) and later it was chartered by legislative Assembly of Pakistan vide Cost and Management Accountants Act, 1966. By virtue of the CMA Act, the Institute of Cost and Management Accountants of Pakistan (ICMA Pakistan) has the authority to regulate and promote the profession of Management Accounting in Pakistan and provide education, examine competencies and confer internationally recognised post-graduate professional certification. Mr Mohammad Shoaib (Late), former Finance Minister of Pakistan, was the Founder President of the Institute.

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln