Overall Top 3 Positions Best Corporate
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Business Recorder, Karachi SPECIAL REPORT Friday, August 27, 2021 I MCB BANK Overall Top 3 Positions LIMITED FAUJI FERTILIZER COMPANY LIMITED Best Corporate Reports ENGRO POLYMER Complete Result on Page II AND CHEMICALS LIMITED 2020 Awards 1 2 3 Shaukat Fayyaz Zia-Ul-Mustafa Iftikhar Taj Ather Saleem Abdul Rahim Suriya Ahmed Tarin FCMA FCA FCMA FCA, FCMA President, Institute of Cost & President, Institute of Chairman, Joint Committee of Chairman, Federal Minister for Finance Management Accountants of Chartered Accountants of ICAP & ICMA Pakistan Evaluation Committee and Revenue, Islamic Republic Pakistan (ICMA Pakistan) Pakistan (ICAP) of Pakistan I am pleased to know that the Institute of It is with great pleasure that the country's Effective reporting is vital in supporting ICMA Pakistan and CA Pakistan recognize their Organization can demonstrate accountabil- Chartered Accountants of Pakistan and the two leading professional accounting bodies, accountability and transparency. Excellent social responsibilities to the public in general ity and stewardship of reporting entity to Institute of Cost and Management Accountants ICMA Pakistan and ICA Pakistan, will hold a reporting does not necessarily mean provid- and to investors in particular, and they serve stakeholders through publishing transpar- of Pakistan have kept the tradition of giving Best ceremony on August 27, 2021 to honour the ing more information, but ensuring that the as a bridge between the two. As a result, both ent annual report. Corporate & Sustainability Report Awards. These listed companies with the Best Corporate key insights and issues are communicated organizations will organize a ceremony this • The Institute of Chartered Accountants of awards are greatly valued and encourage and Sustainability Report Awards-2020, clearly, in a way that is accessible, balanced year, as they have for the past 20 years, to Pakistan (ICAP) and Institute of Cost and companies to disclose maximum information continuing a tradition both professional and transparent. present awards to companies whose Management Accountants of Pakistan in a timely and organized manner. accounting bodies are aware of their respon- In a dynamic and complex global financials are determined to be the most (ICMAP) are organizing Best Corporate Report A significant part of Government’s sibilities. economy, organizations are facing a critical detailed and compatible with various local and Awards for last 20 years and Sustainability With each passing day, the shift in investor expectations with more Report Awards for last 10 years. This competi- reform agenda is targeted at improving the changing global landscape with specific demand for an integrated, holistic approach global standards. tion has developed a healthy competition quality of information disclosed in companies’ reference to good governance, transparency, to performance and value creation and this In order to achieve commercial and brought tremendous improvement in the annual reports as well as enhancing the quality and adherence to numerous norms and in turn is shaping the corporate reporting success, listed firms must offer information annual reports of the listed companies, of the auditing process. These efforts will legislation centred on these two criteria gains landscape. Strong corporate reporting in annual reports that is of high quality and Public Sector Companies and NPOs. contribute in fostering investor’s confidence traction. As a result, the conferral of these inspires trust, enhances accountability and transparent. Investors and other stakeholders • Annual reports are adjudged in accordance and will provide stimulus for further develop- prizes is not only a source of pride for the helps protect the public interest. are influenced by the quality of information with the published evaluation Criteria through ment of the capital markets and the corporate participating companies, but also proof of The Institute of Chartered offered in annual reports. Furthermore, for an a transparent evaluation process. The Criteria sector. In order to ensure concerted efforts by their compliance with local rules and interna- Accountants of Pakistan (ICAP) is committed efficient capital market to function, accurate, aims to promote a cohesive approach to all concerned, the Government is extending tional accounting standards. to promoting transparency and accountabil- comprehensive, and timely information must corporate reporting that will improve the cooperation to ICAP and ICMA to ensure The large number of participans ity in Pakistan’s corporate sector. With due be disclosed. quality of financial and governance informa- transparency in reporting as well as oversight in the awards race year after year has adherence to professional ethics, profession- I wish both of these accounting tion available to the capital providers and of the accountancy and auditing professions. prompted the promotion of a responsible alism and discipline, the profession has bodies success in their efforts to promote a other stakeholders. It helps in elevating the I congratulate both the accountancy bodies on reporting culture and the adoption of interna- brought about a marked improvement in the culture of good governance and conformity level of accountability and stewardship of their achievements. tional best practices in standard reporting. quality of reporting and corporate govern- to local and international regulators' standards reporting organizations and enable effective It is worth emphasizing that the most ance in Pakistan. decision making and increases level of trust Continued on Page II Continued on Page II Continued on Page II Continued on Page II Business Recorder, Karachi II Friday, August 27, 2021 Sector-wise positions of Best Corporate Report 2020 Awards BANKS CEMENT CHEMICAL & FERTILIZER 1st MCB Bank Limited Cherat Cement Company Limited 1st Fauji Fertilizer Company Limited Joint 1st nd 2nd Bank Alfalah Limited Lucky Cement Limited 2 Engro Polymer and Chemicals Limited 3rd Meezan Bank Limited 2nd Maple Leaf Cement Factory Limited 3rd Engro Fertilizers Limited 4th Allied Bank Limited 3rd Power Cement Limited 4th ICI Pakistan Limited Certificate of Merit Certificate of Merit Certificate of Merit ENGINEERING & AUTOS · Faysal Bank Limited · D.G. Khan Cement Company Limited · Archroma Pakistan Limited 1st Pak Elektron Limited (PEL) · JS Bank Limited · Lotte Chemical Pakistan Limited Al Ghazi Tractors Limited Joint 2 nd · National Bank of Pakistan Aisha Steel Mills Limited · Soneri Bank Limited 3rd Atlas Honda Limited · The Bank of Punjab Atlas Battery Limited Joint 4th International Industries Limited Certificate of Merit OTHERS · Crescent Steel & Allied Products Limited INSURANCE TEXTILE 1st Cherat Packaging Limited · International Steels Limited 1st Adamjee Insurance Company Limited 1st Sadaqat Limited 2nd Tri-pack Films Limited · Millat Tractors Limited 2nd Salaam Takaful Limited 2nd Gadoon Textile Mills Limited 3rd Security Papers Limited · Mughal Iron & Steel Industries Limited 3rdJubilee General Insurance Co. Limited 3rd Kohinoor Textile Mills Limited 4th Pakistan Tobacco Company Limited · Pakistan Cables Limited 4thTPL Insurance Limited 4thFeroze1888 Mills Limited Certificate of Merit · Synthetic Products Enterprises Limited Certificate of Merit 5th Interloop Limited · Cyan Limited · Thal Limited · Atlas Insurance Limited Certificate of Merit · Toyota Indus Motor Company Ltd. · EFU General Insurance Ltd · Gul Ahmed Textile Mills Limited · EFU Life Assurance PHARMACEUTICALS · Island Textile Mills Limited · Jubilee Life Insurance Limited 1st GSK Consumer Healthcare Pakistan Ltd · Reliance Weaving Mills Limited FUEL & ENERGY 2nd AGP Limited · Salfi Textile Mills Ltd rd 1st Mari Petroleum Company Limited 3 GlaxoSmithKline Pakistan Limited · Tata Textile Mills Limited th 2nd Pakistan State Oil Company Limited NBFIs & MODARABA 4 Abbott Laboratories (Pakistan) Limited 3rd Hi -Tech Lubricants Limited 1st First Habib Modaraba 4th Attock Petroleum Limited Certificate of Merit SUGAR · JS Investments Limited Certificate of Merit 1st Mirpurkhas Sugar Mills Limited · Attock Refinery Limited · JS Global Capital Ltd · Engro Powergen Qadirpur Limited · ORIX Modaraba · K-Electric Limited Best Sustainability Report 2020 Awards · Oil & Gas Development Company Ltd. · Pakistan Oilfields Limited NON-PROFIT ORGANIZATION 1st ICI Pakistan Limited Certificate of Merit · Pakistan Petroleum Limited 1st Memon Medical Institute & Hospital 2nd Fauji Fertilizer Company Limited · Attock Refinery Limited · The Hub Power Company Limited 2nd The Citizens Foundation 3rd Atlas Honda Limited · Interloop Limited 3rdChildlife Foundation 4th Sadaqat Limited · International Industries Limited Certificate of Merit (Group Sustainability Report) FMCG th Security Papers Limited · Shahid Afridi Foundation Joint 5 Certificate of Merit Toyota Indus Motor Company Ltd. · National Foods Limited Alamgir Welfare Trust International | Chiniot Anjuman Islamia | HANDS PARTICIPATING NPOs The Punjab Educational Endowment Fund (PEEF) | World Wide Fund - Pakistan Joint Committee Ather Saleem, FCMA (Chairman) Khalid Rahman, FCA Shaham Ahmad, FCMA of ICAP & ICMA Abdul Rahim Suriya, FCA Muhammad Yasin, FCMA Syed Fahim ul Hassan, FCA Pakistan Awais Yasin, FCMA Sami Ullah Musa, FCA Evaluation Committee Chairman ABDUL RAHIM SURIYA, FCA, FCMA | Partner - Suriya Nauman Rehan & Co. Members AFTAB Q. MUNSHI, FCMA MUHAMMAD FARID ALAM, FCA Chief Executive Officer Chief Executive Officer Al Habib Capital Market Ltd. AKD Securities