The Professional Accountants in Business (PAIB) Committee of the Institute of Chartered Accountants of Pakistan (ICAP) organized CFO Conference 2022 on theme ‘Embracing the role as Chief Value Officer’ on Tuesday at a local hotel venue.
Mr. Ashfaq Yousuf Tola, President ICAP in his address welcomed the guests and congratulated the organizing committee, council members, sponsors and the participants. He said this event is worthwhile to attend as it gives 500 years of experience in a single day time. Mr. Tola emphasized that the entire world is moving very fast due to the technology advancement, owing to the Covid-19 crisis. He said that the economy is the key pillar of sustainability, and in order to have the value of ascertaining, one needs to be updated and make appropriate decisions towards sustainability.
Guest Speaker of the Session, Mr. Farrukh H. Khan MD & CEO of Pakistan Stock Exchange, speaking on the occasion appreciated the tremendous growth of the CFO Conference. He informed that the role of corporate has changed throughout the decade. Pakistan is going through yet another tough period, which has been poorer as compared to the last 15-20 years.
Speaking about the economy, he said that what’s true at the micro-level is also true at the macro level as well. He further said that organizations need to be cognizant of ESG standards and sustainability strategies. This conference makes us realize that it’s not enough to be a CFO, but now it has become vital to become a CVO. It’s significant to understand the impact of globalization, accelerating technology, and the requirement of different skill sets for new businesses and startups.
