ACCA (the Association of Chartered Certified Accountants) signed a Memorandum of Understanding (MoU) with the management of Pakistan Business Council (PBC). The MoU revolves around ACCA and PBC\u2019s mutual agenda of supporting the development of businesses that emphasises on financial disclosures and reporting that is the key to attract and excite local and foreign direct investment in the economy.<\/p>\n
ACCA and PBC share a common vision of advancing public interest, advocatingcorporatisation and business formalisation as the driver of economic growth.<\/p>\n
Speaking at the signing ceremony, Helen Brand OBE, ACCA\u2019s chief executive highlighted, \u2018By cementing the links we enjoy with Pakistan Business Council (PBC), we\u2019re showing ACCA\u2019s firm commitment to the further development of the country\u2019s business and economy, as Pakistan grows in strength and influence on the world stage.\u2019<\/p>\n
Sajjeed Aslam, Head of ACCA Pakistan, said, \u2018ACCA and Pakistan Business Council\u2019s recent collaboration on the UN Sustainable Development Goals was an excellent example of what this MoU can bring to members of both PBC and ACCA in terms of capacity building, sharing of thought leadership material and addressing current business challenges and proposing solutions.\u2019<\/p>\n
Ehsan A. Malik, CEO of PBC added that \u2018PBC is excited about entering into an MOU with the ACCA. PBC will work with the ACCA to promote high standards of corporate behavior, inculcate critical thinking for managing ethics, leverage private sector growth for inclusive development and encourage sustainability, amongst others, through integrated reporting. Its main agenda is to strengthen domestic industry to generate jobs, value-added exports, promote import substitution and the equitable broadening of the tax base. Working with the ACCA and its members, PBC hopes to make its advocacy even more effective.\u2019<\/p>\n
FuadHashimi, Executive Director CERB shared that \u2018CERB’s vision is to assist Pakistani businesses to pursue long-term value creation, and its mission is to contribute towards ethical and responsible business practices that lead to inclusive and sustainable development. In doing so, private sector would also be fulfilling its role in motivating Pakistan towards achievement of the UN Sustainable Development Goals. CERB will endeavor over time to change the mind-sets of businesses towards\u00a0“Integrated Thinking”\u00a0<\/i>when deciding on their business models and this is a necessary prequel to\u00a0“Integrated Reporting”<\/i>.<\/p>\n