Leading from the front – IFA Pakistan

Institute of Financial Accountants (IFA), member body of IFAC, organized its second series of quarterly conferences on 16, 19 and 26 October at Lahore, Islamabad and Karachi respectively. The conferences, based on the theme “leading from the front”, were attended by a large number of business professionals, consultants and trainers employed in public practice, industry, and in the private sector. A good number of students also appeared in and got benefited from the events held in key cities of the country.
Held on 16th of October, second quarterly conference at Lahore was graced by Mr. Ansar A. Quershi as a guest speaker. Talking about leadership in today’s business world Mr. Quershi, a renowned international speaker and trainer, said that proficiency and being proactive are the two fundamental characteristics that a leader in this modern and fast business world must possess. Ms. Sadia Malik, an international trainer and professional coach, while addressing to students and professionals at Islamabad highlighted the significance of organizational culture and its impact on masses in working place. The attendees, specially young students, were charmed and motivated in member success story session by Mr. Farhan Dilawar, Chief Internal Auditor of Punjab Model Bazaar Management Company Industries, Commerce and Investment Department of Government of the Punjab. Mr. Sheikh advised students to remain focused to achieve their targets and for this he suggested to be friends with a routine of writing diary.

In recent past, being non-filer or filer of Income Tax Return has been a significant matter of discussion among the many. People, at times, where hesitate to file an annual return of income tax, there benefits of being filer also attract their attention. Karachi conference, therefore, brought to light significance of being a filer and spread awareness about it. Mr. Haider Imam, member of Karachi Tax Bar and Pakistan Institute of Public Finance Accountants, stated that latest amendments in income tax ordinance / finance act attempt to take in loop more and more number of persons to enhance tax circle. He further added that once one gets registered (filer) under Income Tax Ordinance, percentage of tax imposed in different financial transactions, that pertain to routine life, drops considerably resulting positive impacts on one’s pocket. In the end Mr. Amjad Hussain Durrani, Chief Internal Auditor of Pakistan Industrial Development Corporation Karachi proposed vote of thanks to the guest of honor and all other visitors. The visitors benefited thoroughly from his insightful and balanced analysis over scope of internal auditing in various organizations.
Addressing the large number of attendees, regional director of IFA Pakistan, Mr. Abdul Shakoor said that IFA has been producing thousands of business professional for last many decades. It is the outcome of stringent compliance with its core values and up to date curriculum that today IFA group has more than 36000 qualified business professional and students who are serving in more than 80 countries. At the end of the conference, guests of honor were awarded shields and certificates were distributed among newly qualified members. The quarterly conferences concluded with a hope that business education in Pakistan will remain updated with changing requirements of the era and young business professionals will play their role dedicatedly in bringing Pakistan out of the current financial crunch.