National finance olympiad finale showcases Pakistan's Finest Finance Talent
Karachi: Pakistan’s first ever National Finance Olympiad (NFO) showcased and honoured Pakistan’s finest and upcoming finance talent. Organized by the ICAP in collaboration with Unilever Pakistan, the Olympiad’s finale was heavily contested.
After a rigorous qualifying round six teams reached the Grand Finale. The teams included Pakistan State Oil Company, Engro Fertilizers, Kot Addu Power Company Limited, Central Depository Company of Pakistan Limited, Byco Petroleum Pakistan Limited and Haleeb Foods Limited.
Yacoob Suttar, President ICAP congratulated the Winning team and also appreciated fellow finance professionals for supporting and participating in this novel initiative.
On the occasion, Ali Tariq, CFO Unilever Pakistan said, as a responsible corporate citizen and a large recruiter of finance talent, Unilever Pakistan has a key thrust to contribute to the development of the Finance profession at large. The launch of the National Finance Olympiad, in collaboration with the ICAP, is the first of our initiatives in this regard.
Through this event, our objectives were to encourage participants to step up their accounting and business knowledge, create a platform for professional networking and recognise Finance talent at a National level. We are most grateful to the ICAP and its PAIB committee for their strong leadership in planning and executing the Olympiad. I hope this will become a coveted annual event in the years to come.
Khalilullah Shaikh, Chairman of the Professional Accountants in Business (PAIB) Committee highlighted the role of Unilever Pakistan for conceptualizing and presenting the idea of holding a National Financial Olympiad to ICAP. He noted that the Olympiad mirrors the format of Unilever's Global Finance Olympiad and is the first of its kind in Pakistan.
The Finale included a presentation round where the teams presented on “Long term financing strategy for a Pakistan business” and “Role of corporate governance in a family owned business,” which was followed by a question and answer round and a very exciting buzzer round based on the fastest finger first method. The finale was judged by some of Pakistan’s most eminent finance professionals including Fakir Syed Aijazuddin, Mujahid Eshai and Syed Masoud Naqvi.
Insert About Icap
The Institute of Chartered Accountants of Pakistan (ICAP or the Institute) was established as statutory body on July 1, 1961 under Chartered Accountants Ordinance, 1961 to regulate the profession of accountancy in the country.
About Unilever Pakistan
Unilever Pakistan is a subsidiary of Unilever Plc, which operates in over 100 countries. Established in Pakistan in 1948, the Pakistan business is amongst the country’s largest consumer goods companies. Unilever is also one of Pakistan largest taxpayers, and contributed a total of PKR 22.4 billion to Pakistan’s exchequer in 2014 alone.
The Unilever Sustainable Living Plan (USLP) provides the framework for Unilever’s ambition to double its business whilst reducing its environmental footprint and enhancing its positive social impact. In Pakistan, Unilever is engaged in a number of initiatives to enhance livelihoods, save water, energy, carbon emissions and to cut waste and promote recycling.
For more information about Unilever and its brands: www.unilever.pk
For more information on the USLP: www.unilever.pk/sustainable-living/
Unilever Pakistan Limited
Fatimah Jinnah Road
T: +92-21-3 566 0062 (ext 2270)