ICAP: (Engro Fertilizers wins National Finance Olympiad 2015)


ISLAMABAD: Engro Fertilizers Limited has been awarded with the startling trophy and named as “National Finance Champion 2015”. The 1st Runner up is from Central Depository Company of Pakistan Limited and Byco Petroleum Pakistan Limited has been awarded as 2nd Runner up.

According to a press statement issued here on Thursday, the Institute of Chartered Accountants of Pakistan (ICAP) has organized first ever National Finance Olympiad (NFO) 2015 to showcase professionalism, knowledge and aptitude of finance professionals in Pakistan.

National Finance Olympiad is a unique combination of testing skills, showcasing talent and basking in the glory of triumph The event provides a distinctive platform to finance professionals to exhibit their potential and celebrate their competence. The thrilling Grand Finale of NFO 2015 was held at a local hotel.

The objectives are to encourage participants to step up their knowledge and application of Accounting, Finance and Governance standards, facilitate networking and recognize finance talent.

The Finale was attended by distinguished guests from Renowned organizations included CEOs, CFOs, Presidents, VPs and HR Partners of reputable organizations.

The mega Grand Finale was competed among Six teams included Pakistan State Oil Company Limited, Engro Fertilizers Limited, Kot Addu Power Company Limited, Central Depository Company of Pakistan Limited, Byco Petroleum Pakistan Limited and Haleeb Foods Limited.

The participants of all teams were very enthusiastic and victoriously participated in the Grand Finale. Grand Finale was divided into three phases.

In the first phase, teams delivered their remarkable presentations, in 2nd Phase teams brain power was judged by Direct Questions/Answers Session and third phase comprised of Buzzer Round. The teams performances were evaluated by the Renowned Jury members, Mujahid Eshai, FCA, Syed Masoud Ali Naqvi, FCA, Fakir Syed Aijazuddin, FCA.

The Chairman Professional Accountants In Business (PAIB) Committee, ICAP Khalilullah Shaikh in his opening remarks said that the NFO idea has been conceived to entice the finance professionals in a truly innovative way towards continuing with their professional development.

He remarked that the competition while fostering an environment, where the finance fraternity strives to excel in comprehension and application of technical knowledge also focuses on building a knowledge sharing culture across the industry and celebrating team work.

He appreciated the support of technical partners M/S A.F. Ferguson & Co. and Deloitte Yousuf Adil and acknowledged the dedication and hard work of organizing committee members. He congratulated the winners of the competition and commented on their brilliant performance.

The Chief Financial Officer of Unilever Pakistan, Mr. Ali Tariq shared that he was glad to be a part of a competition that facilitates social networking and recognize finance talent in Pakistan. He thanked ICAP as well as the PAIB committee for planning and successfully transforming the idea into reality.

Yaqoob Suttar, President ICAP appreciated all competing teams and congratulated Winners. He stated that ICAP is achieving new milestones through this distinguished platform.

He commented that “We recognize the accomplishments of these professionals, who are consistently producing the best results for their organizations, while enhancing the productivity of the nation”. Besides serving as the corporate leaders of the industry, they are also acting as seasoned regulators of the financial sector. In the end, prizes and mementos were distributed among the Teams, Judges, technical partners and the organizers.