Home Business & Finance Professional Accountants in Business Committee of ICAP celebrates 10th years of CFO Conference

Professional Accountants in Business Committee of ICAP celebrates 10th years of CFO Conference


KARACHI: The Professional Accountants in Business (PAIB) Committee of the Institute of Chartered Accountants of Pakistan (ICAP) organized CFO Conference 2018 ‘Evolving Mental Models – Sustaining Competitive Edge; Reflect, Transform, Lead’ here on Tuesday at Marriott hotel.

Governor Sindh Muhammad Zubair was chief guest on this occasion.

This year the conference theme was focused on the theme Evolving Mental Models – Sustaining Competitive Edge.

Governor Sindh, Muhammad Zubair, speaking on the occasion congratulated ICAP on organizing CFO Conference for consecutive ten years and also appreciated its efforts towards the Pakistan economy.

He informed that in comparisons to period between 2013 and 2018, the economic indicators of Pakistan are far better but far below then our expectation.

He said that the law and order situation in Karachi has improved a lot. No political parties or group has the capacity to halt the city. In the last two years not a single strike has been observed in the city. It’s a major change for the economic revival of the city. We are going abroad and urging the investors to invest in the city. Business community feels safe in the presence of the Rangers in the city.  PSL final, West Indies cricket team visit, International Film Festival and Literature activities portraying a positive image of the city around the world.

Riaz Rehman Chamdia, President ICAP in his address welcomed the Governor Sindh. He said, the mental model is an ability to adjust in accordance with the changes in the environment. It is a frame work and concept of guidance an interpretation of the perception and behavior. Learning a new mental model will let you know to see the world in a new way.

He said the changes happening around us in the business environment and in business function particularly the finance function is at the cross road or at the turning point in order to transform successfully. One need to acquire new skills sets.

Former Dean & Professor of Emeritus at Institute of Business Administration Dr. Ishrat Hussain delivered his key note speech on the topic of Mental Model Evolution – The Adaptive Cruise Control of Competitive Edge.

Khalilullah Shaikh, Chairman, Professional Accountants in Business Committee and Council Member, ICAP shared the Conference objectives, vision and the Institute’s contribution towards the finance and economic sector of Pakistan.

Dr. Wienand Schruff, Board Member and Chair of the Audit Committee, International Federation of Accountants, IFAC delivered his keynote speech on Resetting the standard Setting Model – Enhancing Public Trust or Recipe for Chaos.

Two pre conference technical sessions were conducted on Offshore Assets by Ashfaq Tola, FCA, Council Member ICAP & President Tola Associates and Currency Management by Riaz Nazarali Chunara, FCA, Executive Director, Internal Audit & Compliance, State Bank of Pakistan (SBP).

Eminent speakers around the globe like Richard Morin, Chief Executive Officer, Pakistan Stock Exchange and Mohammed Al Qahtani, World Public-Speaking Champion 2015, Toastmasters International delivered their presentations in the conference.

Mohammed Al Qahtani, World Public-Speaking Champion 2015, Toastmasters International delivered his famous The Power of Words – Reflect, Transform, Lead speech. The speech was followed by question and answer session,

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. News Desk

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