Pakistan Leadership Conversation 2018 · ACCA members pledged to collaborate ... Monis Rahman...
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accaglobal.com/plc2018 111 22 22 75 O I L & G A S D E V E L O P M E N T C O M P A N Y L I M I T E D Scan the QR code for further details Pakistan Leadership Conversation 2018 Jahanzeb Burana CEO, Punjab Board of Investment & Trade Forming collective vision for an Emerging Pakistan Sartaj Aziz Deputy Chairman Planning Commission Gross domestic product (GDP) next five years average ACCA members pledged to collaborate with private and public sectors to drive social and economic growth for an Emerging Pakistan Ease of doing business ranking Global competitiveness index (GCI) 7 50 50 %plus in top in top Ayla Majid FCCA Council Member, ACCA Muhammad Zubair Governor Sindh Rana Muhammad Afzal Khan Minister of State for Finance and Economic Affairs Malik Muhammad Rafique Rajwana Governor Punjab Naeem Zamindar Minister of State & Chairman, Board of Investment Riaz Riazuddin Deputy Governor, State Bank of Pakistan Dr. Amjad Saqib Founder, Akhuwat Foundation Lindsay Taylor Marketing Manager – Brand, ACCA Bruno Olierhoek President, OICCI & CEO, Nestlé Pakistan Limited Muhammad Azfar Ahsan CEO, Nutshell Forum Tarek Hamdy CEO, Eighteen Jehan Ara President, P@SHA Hassan Daud Butt Project Director, Ministry of Planning and Development Yusuf Hussain CEO, Ignite (National Technology Fund) Fatima Asad-Said Regional Director, Abacus Consulting Aamir Niazi CEO, HRSG Recruiting Hasnain Sheikh Chairman and CEO, Inov8 Limited Pakistan Aqueela Mumtaz Head of Corporate Accounting, Risk & Tax, JAZZ Faisal Mushtaq CEO, TMUC Khawaja Tanveer Saleem Chief Information Officer, Engro Corporation Limited Muhammad Saleem Ahmad Ranjha Executive Director General, BoI Syed Muhammad Shabbar Zaidi Chairman, A. F. Ferguson & Co. Monis Rahman Chairman, CEO & Founder, Naseeb Networks Inc. Zouhair Khaliq EVP, Finance and Regulatory Affairs, Eighteen Nasim Beg Chief Executive Officer, Arif Habib Limited Clara Zamarro Strategy & development, ACCA From Left: Assad Hameed, Shehryar Hydri, Parvez Abbasi, Tariq Rashid, Naeem Zamindar, Aqueela Mumtaz, Sajjeed Aslam From Left: Syed Muhammad Shabbar Zaidi, Sajjeed Aslam, Shazad Dada, Naved Hashmi, Khawaja Tanveer Saleem, Ibrahim Kasumbi From left: Khurram Shahid, Zeeshan Shahid, Sajjeed Aslam, Nasim Beg, Dr. Inayat Hussain, Muzzammil Aslam, Shehzad Chamdia, Shaikh Salman From left: Haroon A. Jan, Afrasiab Ahsan, Syed Jaffar Shirazi, Jehanzeb Amin, Nadeem A. Malik, Ayla Majid, Sajjeed Aslam From left: Fatima Asad-Said, Ayla Majid FCCA, Hassan Daud Butt, Omer Zaheer Meer, Sajjeed Aslam, Hasaan Khawar From left: Zeshan Afzal, Sajjad Syed, Syed Saiful Islam, Sajjeed Aslam, Ayla Majid, Tughral A T Ali, Bruno Olierhoek, Johnson Gill ACCA (the Association of Chartered Certified Accountants) is the world’s most forward- thinking global body of professional accountants, supporting its 200,000 members and 486,000 students in 178 countries, helping them to develop successful careers in accounting and business. ACCA has a network of 101 offices and centres and more than 7,291 approved employers worldwide. ACCA regulates its members and over 10,000 ACCA practicing firms across the globe through the ACCA Rule Book. ACCA organised the 2nd edition of Pakistan Leadership Conversation (PLC) with six events in Islamabad, Karachi and Lahore on 20, 21,22 and 27 March 2018. PLC is a forum for thought leaders to sit together and explore forward thinking policy choices. The theme was “Collective Vision for an Emerging Pakistan” and it featured over 40 local and foreign conversation leaders to deliberate and propose policy recommendations based on ACCA’s global research and professional insights. These conversations were also webcasted across the globe and had active participation from over 15 countries. The conferences were followed by Corporate Dinners and New Member Ceremonies where ACCA members and prize winning students. The deliberations of conversation leaders were based on the following themes • CPEC - Belt and Road Initiative - are we ready to ride the wave of growth? • Embracing digital age, financial inclusion and ethics: How to respond? • Capital markets eco system: Redefining value creation models? • Innovation and risk management: How to support the startup culture? • The Race for Relevance - social, mobile, cloud & AI - talent needs Innovation and access to capital Growth of businesses across all sectors is critical, be it large scale manufacturing or SMEs and startups – Innovation is the only way to stay relevant to local and global markets and customer expectations. Current financial market, access to bank credit and governance structure of family owned businesses require overhauling to expand the access to capital from seed capital to growth capital Recommended Actions - Create awareness of central bank’s recent reforms to support SMEs, SECP’s private equity related initiatives and its implementation, expansion of retail base for participation in PSX, succession of family owned business and knowledge sharing forums including ‘Startup eco-system’ to support innovation. Digital enablement Pakistan has got the “Youth of Pakistan” as a key natural resource. With the right talent and technology, Pakistan is poised to access the global market for customers, products and services. Policies enabling digital economy, technology deployment and talent would be key drivers for social & financial inclusion, access to education & health care, economic participation of women and attracting local and foreign investment. Recommended Actions – Propose 3 – 5 policy & legislative changes for implementation or development of Intellectual Property Rights, data protection regulations, e-commerce and free participation of private sector to enhance access to education and health care. Tax and Foreign Exchange Regulation Reforms According to the Global Competitiveness Report 2017-18, taxation policy and tax collecting agency’s mindset, preceded by corruption, is the second biggest impediment to ease of doing business and global competitiveness rankings of Pakistan. In recent past, many tangible measures have been taken for curbing corruption but taxation system requires more trust-driven and transparent policy and its collection. Procedural reforms in foreign direct investment coming into Pakistan are necessary for global participation in Pakistan’s economy. Recommended Actions – Propose 3- 5 key reforms, build advocacy and influence for implementation of critical changes in legislation and capability set Key actions proposed at the PLC 2018 to be delivered through collaboration, advocacy and leadership of professionals, policy makers and businesses: CPEC Pakistan’s business community should be more pro-active in identifying the opportunities offered by CPEC and the five other corridors envisioned under the Belt and Road Initiative and they independently or in collaboration with Chinese or other foreign investors start seizing these opportunities. Recommended Actions – engagement of policy makers, academia and businesses to realign their priorities, strategies and public policies GCI pillar(s) GCI pillar(s) GCI pillar(s) GCI pillar(s) Source: Icons used for GCI pillars are the property of World Economic Forum
Transcript of Pakistan Leadership Conversation 2018 · ACCA members pledged to collaborate ... Monis Rahman...
accaglobal.com/plc2018111 22 22 75
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Scan the QR code for further details
Pakistan Leadership Conversation 2018
Jahanzeb BuranaCEO, Punjab Board of Investment & Trade
Forming collective vision for an Emerging Pakistan
Sartaj AzizDeputy Chairman Planning Commission
Gross domestic product (GDP) next five years average
ACCA members pledged to collaborate with private and public sectors to drive social and economic growth for an Emerging Pakistan
Ease of doing business ranking
Global competitiveness index(GCI)
7 50 50%plus
in top in top
Ayla Majid FCCACouncil Member, ACCA
Muhammad ZubairGovernor Sindh
Rana Muhammad Afzal KhanMinister of State for Finance and Economic Affairs
Malik Muhammad Rafique RajwanaGovernor Punjab
Naeem ZamindarMinister of State & Chairman, Board of Investment
Riaz RiazuddinDeputy Governor, State Bank of Pakistan
Dr. Amjad SaqibFounder, Akhuwat Foundation
Lindsay TaylorMarketing Manager – Brand, ACCA
Bruno OlierhoekPresident, OICCI & CEO, Nestlé Pakistan Limited
Muhammad Azfar AhsanCEO, Nutshell Forum
Tarek HamdyCEO, Eighteen
Jehan AraPresident, P@SHA
Hassan Daud ButtProject Director, Ministry of Planning and Development
Yusuf HussainCEO, Ignite (National Technology Fund)
Fatima Asad-SaidRegional Director, Abacus Consulting
Aamir NiaziCEO, HRSG Recruiting
Hasnain SheikhChairman and CEO, Inov8 Limited Pakistan
Aqueela MumtazHead of Corporate Accounting, Risk & Tax, JAZZ
Faisal MushtaqCEO, TMUC
Khawaja Tanveer SaleemChief Information Officer, Engro Corporation Limited
Muhammad Saleem Ahmad RanjhaExecutive Director General, BoI
Syed Muhammad Shabbar ZaidiChairman, A. F. Ferguson & Co.
Monis RahmanChairman, CEO & Founder, Naseeb Networks Inc.
Zouhair KhaliqEVP, Finance and Regulatory Affairs, Eighteen
Nasim BegChief Executive Officer, Arif Habib Limited
Clara ZamarroStrategy & development, ACCA
From Left: Assad Hameed, Shehryar Hydri, Parvez Abbasi, Tariq Rashid, Naeem Zamindar, Aqueela Mumtaz, Sajjeed Aslam
From Left: Syed Muhammad Shabbar Zaidi, Sajjeed Aslam, Shazad Dada, Naved Hashmi, Khawaja Tanveer Saleem, Ibrahim Kasumbi
From left: Khurram Shahid, Zeeshan Shahid, Sajjeed Aslam, Nasim Beg, Dr. Inayat Hussain, Muzzammil Aslam, Shehzad Chamdia, Shaikh Salman
From left: Haroon A. Jan, Afrasiab Ahsan, Syed Jaffar Shirazi, Jehanzeb Amin, Nadeem A. Malik, Ayla Majid, Sajjeed Aslam
From left: Fatima Asad-Said, Ayla Majid FCCA, Hassan Daud Butt, Omer Zaheer Meer, Sajjeed Aslam, Hasaan Khawar
From left: Zeshan Afzal, Sajjad Syed, Syed Saiful Islam, Sajjeed Aslam, Ayla Majid, Tughral A T Ali, Bruno Olierhoek, Johnson Gill
ACCA (the Association of Chartered Certified Accountants) is the world’s most forward-thinking global body of professional accountants, supporting its 200,000 members and 486,000 students in 178 countries, helping them to develop successful careers in accounting and business. ACCA has a network of 101 offices and centres and more than 7,291 approved employers worldwide. ACCA regulates its members and over 10,000 ACCA practicing firms across the globe through
the ACCA Rule Book.
ACCA organised the 2nd edition of Pakistan Leadership Conversation (PLC) with six events in Islamabad, Karachi and Lahore on 20, 21,22 and 27 March 2018. PLC is a forum for thought leaders to sit together and explore forward thinking policy choices. The theme was “Collective Vision for an Emerging Pakistan” and it featured over 40 local and foreign conversation leaders to deliberate and propose
policy recommendations based on ACCA’s global research and professional insights. These conversations were also webcasted across the globe and had active participation from over 15 countries. The conferences were followed by Corporate Dinners and New Member Ceremonies where ACCA members and prize winning students.
The deliberations of conversation leaders were based on the following themes
• CPEC - Belt and Road Initiative - are we ready to ride the wave of growth?
• Embracing digital age, financial inclusion and ethics: How to respond?
• Capital markets eco system: Redefining value creation models?
• Innovation and risk management: How to support the startup culture?
• The Race for Relevance - social, mobile, cloud & AI - talent needs
Innovation and access to capital Growth of businesses across all sectors is critical, be it large scale manufacturing or SMEs and startups – Innovation is the only way to stay relevant to local and global markets and customer expectations. Current financial market, access to bank credit and governance structure of family owned businesses require overhauling to expand the access to capital from seed capital to growth capital
Recommended Actions - Create awareness of central bank’s recent reforms to support SMEs, SECP’s private equity related initiatives and its implementation, expansion of retail base for participation in PSX, succession of family owned business and knowledge sharing forums including ‘Startup eco-system’ to support innovation.
Digital enablementPakistan has got the “Youth of Pakistan” as a key natural resource. With the right talent and technology, Pakistan is poised to access the global market for customers, products and services.Policies enabling digital economy, technology deployment and talent would be key drivers for social & financial inclusion, access to education & health care, economic participation of women and attracting local and foreign investment.
Recommended Actions – Propose 3 – 5 policy & legislative changes for implementation or development of Intellectual Property Rights, data protection regulations, e-commerce and free participation of private sector to enhance access to education and health care.
Tax and Foreign Exchange Regulation Reforms According to the Global Competitiveness Report 2017-18, taxation policy and tax collecting agency’s mindset, preceded by corruption, is the second biggest impediment to ease of doing business and global competitiveness rankings of Pakistan. In recent past, many tangible measures have been taken for curbing corruption but taxation system requires more trust-driven and transparent policy and its collection. Procedural reforms in foreign direct investment coming into Pakistan are necessary for global participation in Pakistan’s economy.
Recommended Actions – Propose 3- 5 key reforms, build advocacy and influence for implementation of critical changes in legislation and capability set
Key actions proposed at the PLC 2018 to be delivered through collaboration, advocacy and leadership of professionals, policy makers and businesses:
CPEC Pakistan’s business community should be more pro-active in identifying the opportunities offered by CPEC and the five other corridors envisioned under the Belt and Road Initiative and they independently or in collaboration with Chinese or other foreign investors start seizing these opportunities.
Recommended Actions – engagement of policy makers, academia and businesses to realign their priorities, strategies and public policies
GCI pillar(s)
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