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    Investors seeking to place reliance on corporate sustainability information are driving unprecedented demand for assurance in this emerging area. This represents a challenge and an opportunity for the global accountancy profession. In response the profession is engaged in determining the framework within which assurance engagements should be carried out and who is best qualified to perform the work. Using the core assurance skills obtained through the experience of auditing financial statements, the accountancy profession – alongside others performing assurance engagements – is well placed to satisfy this demand. ACCA’s report  Sustainability Assurance – Rising to the Challenge  describes the landscape for sustainability assurance and introduces the extant standard and guidance issued by the International Auditing and Assurance Board (IAASB). Sustainability Assurance – Rising to the Challenge  sets out the key issues faced by practitioners providing this ass...

  At a time when access to cheaper capital is more vital than ever to an organisation’s long-term survival, access to green finance can be a lifeline to businesses. However recent research by ACCA (the Association of Chartered Certified Accountants) and the Institute of Management Accountants (IMA) revealed that business say they’re underinformed on climate finance opportunities and climate risk management. 59% of the respondents to the Global Economic Conditions Survey Q2 2022 said they are not considering using green finance products – an opportunity that must be addressed. With lenders increasingly offering attractive ‘green rates’ to organisations able to meet sustainability requirements, green finance is cheap capital that can keep businesses in business. Professional accountants’ ability to understand the green finance options needed for the transition to net-zero is key to equipping organisations with this expertise. Having the skills to consider non-financial as well as fin...

  ACCA (the Association of Chartered Certified Accountants) gave an extravagant welcome to the newly qualified ACCA professionals in the country at the New Member Ceremonies held in Karachi, Lahore and Islamabad. Themed ‘Shaping the future in uncertain times’, the events were a living proof of how ACCA is enabling its members to think ahead and turn challenges into opportunities for the benefit of the society. The events celebrated over 700 newly inducted ACCA members and fellow members who come from diverse backgrounds but follow the same journey as their peers globally. The events also recognised ACCA’s prizewinning students, newly awarded approved employers, Practical Experience Supervisors and winners of ACCA advocacy awards. ACCA’s head of Pakistan, Assad Hameed Khan, initiated the ceremonies by welcoming the new members including fellows and high achievers, emphasising on the vital role played by professional accountants in nation building as well as contribution towards an i...

   Pakistan’s No.1 LED TV Brand TCL and Daraz announces the Exciting Ramadan Sale on Iffalcon and TCL Products. Starting from the today, 15th to the 25th of March, customers can enjoy massive discounts on a wide range of electronics, including TVs, sound systems, and more.  In addition to the discounted prices, TCL and Daraz also offer free shipping for all orders placed during the sale. This means that customers can shop from the comfort of their homes and have their products delivered right to their doorstep without any additional fees.  To make the deals even more affordable, monthly installments are offered on all products during the sale period. This allows customers to spread the cost of their purchases over several months, making it easier to manage their budgets while still getting the products they want.  "We're thrilled to offer such amazing discounts and deals to our customers during the holy month of Ramadan," said Majid Khan Niazi, Head of Marketing...

Alibaba.com, a leading platform for global business-to-business (B2B) trade, has concluded its participation as Gold Sponsor in the 24th edition of South Asia’s leading textile trade show, Textile Asia International Trade Fair. Held at the Karachi Expo Centre from 10-12 March, the event brought together textile industry experts and businesses from around the world in Pakistan to explore the latest trends, challenges and opportunities in the textile sector. Over three days, the trade fair attracted the attendance of more than 35,000 visitors and over 450 exhibitors. The Alibaba.com booth at the event attracted more than 500 visitors, who interacted with experts from Alibaba.com on-site to learn about the role of B2B e-commerce in transforming the way traditional businesses conduct global trade, as well as the opportunities and tools provided by Alibaba.com to support their export development. Visitors also took part in interactive activities to win prizes, including coupons for free e-c...

  ACCA (the Association of Chartered Certified Accountants) brought together key public financial management stakeholders at the Pakistan Public Sector Conference 2023 held here in Islamabad yesterday. The leaders explored the challenges and the solutions that face public sector professionals as they work towards transforming the public sector finance. The conference was aimed at developing a knowledge sharing platform in Pakistan for key public sector stakeholders, including the government, international development partners, public sector finance professionals and other key enablers in the public sector ecosystem. The importance of professionalisation and strengthening of Public Financial Management (PFM) remained the main focus of the conversations, as well as the evolving role of finance professionals in building public trust. Tariq Bajwa, Special Assistant to the Prime Minister on Finance,  was the Chief Guest who spoke about the evolving role of finance leadership in the...

    As employers around the world today mark International Women’s Day, ACCA is emphasising the importance of flexible working and training in accelerating diversity. Remote and hybrid work, education and training are proving invaluable in extending access to opportunity and ACCA is calling on employers to maintain the momentum. Following the completion of a major piece of research surveying 8,000 finance professionals around the world, ACCA has found most people want hybrid working, believing it makes them more productive, with additional benefits reported by women. ACCA’s 2023 Global Talent Trends report found that while men and women valued hybrid working almost equally (at 88% and 86% respectively), women felt the benefits of remote working more significantly, with 73% of women saying felt they were more productive when they worked remotely, in comparison to 66% of male respondents. Findings of the research suggest hybrid working also leads to better outcomes overall in te...

  Islamabad, 8th March 2023 –  A high-powered policy dialogue titled “Climate-Smart Agriculture and Food Security: Challenges & Way Forward for Pakistan” was organized by Syngenta Pakistan and Pakistan Institute of Parliamentary Services (PIPS) on 7th March, 2023 in Islamabad. With the objectives of highlighting the key challenges facing the food security of the country and identifying viable solutions to mitigate these challenges in the context of climate change, the session brought together key stakeholders from public, private, development and academic sectors including members of the parliament, and representatives from UN FAO, ADB, PMAS Arid Agriculture University Rawalpindi and Quaid-e-Azam University Islamabad who stressed the need for a collective action plan to deal with the rising food insecurity and to promote climate smart and regenerative agriculture in the country to counter the impacts of climate change. Honourable Speaker National Assembly, Mr. Raja Pervaiz...

   Karachi, March 7, 2023  – Free Fire and Jazz Game Now join hands to launch a new esports tournament, Game Now Free Fire Sea Invitational Qualifiers (FFSIQ). It will feature a prize pool valued at PKR 2 million sponsored by Game Now. Free Fire is the world’s leading mobile battle royale game with over 1 Billion downloads and has been at the forefront of the esports revolution in Pakistan. Free Fire & Game Now remain committed to empowering the youth through opportunity and developing a sustainable ecosystem for eSports in Pakistan. Commenting on the occasion, - Syed Babar, Head of Digital Marketing, Jazz, said, "Through the Game Now FFSIQ program, we are committed to providing a platform for Pakistani gamers to showcase their skills and take the first step towards becoming professional esports players. This partnership will contribute to the growth of the esports industry in Pakistan and serve as a source of inspiration for young people across the country." With a f...