ISLAMABAD – The Institute of Charted Accountant of Pakistan (ICAP) has organised a CFO conference on the theme “CFO Driving Sustainable Organisational Success” on Monday.

The conference was attended by more than 400 professionals from different walks of life. The Vice President ICAP Nazir Ahmed Chaudhri highlighted the vision of the Institute. He also said that PAIB committee of ICAP will ensure that similar conferences will be held in future for providing learning and networking opportunities to professional accountants.

The guest of honour and keynote speaker was Muhammad Ali, Chairman Securities & Exchange Commission of Pakistan.

He spoke on the topic of ‘What Accountability means to CFOs- A; regulator’s perspective’. He stressed upon the fact that in modern age the role of a CFOs goes way beyond the traditional perspective. They are custodians of stakeholders’ interests in an organisation.

An interactive panel discussion before lunch was on the topic of ‘Bank as industry partners - Collaboration and Expectations’. Irfan Siddiqui President and CEO Meezan Bank Ltd, Atif Aslam Bajwa, CEO Bank Al-Falah, and Mohammed Ali, Chief Representative and Retail Head North of HBL were the panelists and the moderator was Ms.Eithne Treanor - Special correspondent, CNBC and Managing Director, ETreanor. Penalists highlighted the relationship of banks and industry, discussed  about the investment in commercial and development projects, the steps mutually taken by CFOs and banks to achieve Islamic Financial Solution and significant banking areas i.e. cash management, e-banking, project financing were also discussed.

James lockyer - Director of Education at Association of Corporate Treasurer s, UK shared his views on ‘Treasury - Driving the businesses: a CFO’s Perspective’ in his presentations, Mr. Nadeem Naqvi  - Managing Director, Karachi Stock Exchange, Highlighted the strategies for Raising Funds through Financial Instruments.

Another interactive session was “CFO - Rapid Fire Session” where CFOs Bananno Giuseppe - Head of Finance and Control, Nestle Pakistan, Misbah Burney - CFO Tetrapak, Usman Azhar - CFO Warid Telecom, Aamir Ahsan - CFO Fuji Fertilizer Bin Qasim Limited and Aftab Ahmed  - CFO Oil and Gas development Company Limited  were present and it was followed by an overwhelming question answer session.

Mr. Nahil Mahmood - Chief Information Security Officer, MCB Bank Limited and President, Cloud Security Alliance Pakistan, explained a case of Cloud Computing: Proficient Strategic Move and Value for CFO’s and highlighted the issues, on the whole being faced by the organizations.  Mr. Shahid Mustafa - Chief Risk Officer, Tameer Microfinance Bank, presented a case study: Easy paisa - Innovation of Banking to the unbanked. He briefly explained his case study and branchless banking. Tajamal Shah - Area General Counsel, British American Tobacco enlightened the Legal Hot Points: A CFO needs to know.     

The conference was a huge success and the participants hoped that ICAP would continue to arrange similar events in future.