Ahsan emphasises role of growth in economic development

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal emphasized the critical role of responsible growth in shaping sustainable economic development.

The minister expressed these views while addressing the Professional Accountants in Business (PAIB) Committee of the Institute of Chartered Accountants of Pakistan (ICAP) organized CFO Conference 2024 on the theme, "Curating Responsible Growth: Innovate, Illuminate, and Integrate," at a local hotel on Wednesday.

The minister in his address highlighted the need for innovative strategies, illuminating insights, and integrated approaches to drive progress while ensuring accountability, transparency, and inclusivity in the development agenda. He underscored that peace, political stability, and continuous reforms are indispensable cornerstones for Pakistan's success, with CFOs poised to play a vital role in driving this transformative agenda forward.

In his compelling address, Farrukh Rehman, president ICAP underscored the imperative of curating growth with a conscientious approach. He emphasized that sustainable, ethical expansion, aligned with the organization’s long-term vision, is paramount for enduring success. He highlighted the need for innovation in financial management, urging CFOs to explore new technologies, strategies, and business models to drive growth while maintaining financial integrity and social responsibility.

Muhammad Maqbool, Council Member ICAP, eloquently delineated the profound impact of chartered accountants on the socio-economic landscape. He emphasized how their expertise and ethical stewardship have not only facilitated business growth but also fostered financial stability and integrity within the nation.

The highly anticipated panel discussion on the intriguing topic of “From Vision to Value: CFOs to Drive the Growth” featured esteemed guests who shared invaluable insights, strategic perspectives, and actionable strategies to navigate the evolving financial landscape and drive organizational growth. The guests included Aneel Peter, Chairman NRC ICAP, Amin Rajput, Deputy Managing Director SSGC, Amna Zaidi, Transformation Specialist, and Ali Imran Chaudhry, CEO, Engro Enfrashare,

Irfan Siddiqui, president and CEO Meezan Bank Ltd delivered a keynote presentation on “Seizing Opportunities, Harnessing Potentials, and Confronting Challenges: Path to Growth”. He navigated the audience through a comprehensive exploration of strategies for capitalizing on opportunities, unlocking potentials, and effectively confronting challenges in the journey towards growth. Siddiqui emphasized the importance of agility, innovation, and resilience in today's dynamic business landscape.

Saquib Ahmed, Head SAP Pakistan, Iran Afghanistan and Bahrain in his presentation on “Technology for All”, discussed the transformative potential of technology in fostering inclusive growth and sustainable development. Ahmed highlighted the role of technological innovations in overcoming barriers to access and promoting digital inclusion across diverse sectors and demographics.

The well-attended conference provided a platform to leading industry experts and business professionals to discuss, debate, and seek pragmatic solutions of emerging business and finance issues.

Copyright Business Recorder, 2024