Accountancy is vital for global economies to advance into the future 

Islamabad, April 14, 2022 (PPI-OT):These are turbulent times and society’s expectations of governments, policymakers and business have shifted with speed and intensity. The devastating impact of war and conflict heightens the challenges the global economy is already facing from the impact of the Covid-19 pandemic and the climate crisis.

While no one profession can solve all the challenges global society faces, they can each play their part and contribute to helping make the world a better place for the future in different ways.

ACCA (the Association of Chartered Certified Accountants) has released a new report providing an overview of the contribution the profession could make in transforming the world for the better. It identifies seven core areas of focus, as well as sharing case studies and stories – bringing to life why the accountancy profession matters, and why it remains integral in helping economies and wider society to advance in the future.

Building resilient economies for the future including the role of accountancy in emerging economies, capacity building, driving financial literacy and helping address corruption.

Developing the talent of tomorrow helping cultivate a new generation with financial skills in the workplace, delivering world class business and financial education and contributing to diversity and equality.

Driving sustainable business with professional accountants in whatever role they perform as being essential in helping organisations create long term value and delivering accountability and transparency across business.

Advancing standards and regulation – the role the profession plays in future regulatory reform, working to develop regulation and standards that are the bedrock of trust in capital markets and that help the world respond to major societal and environmental challenges.

Transforming the public sector – accountancy at the centre of public sector change, helping deliver the right sorts of policy and spending decisions and transforming public financial management to create a more digital, green and inclusive future across global society.

Supporting entrepreneurial growth with accountancy as a foundational pillar at the heart of the future entrepreneurial economy, with smaller accountancy firms as the trusted advisers offering innovative and technology-led services to support local business growth.

Strengthening ethics and trust with the profession helping restore and strengthen trust in business, government and other institutions. Serving the public interest and driving enhanced corporate governance standards to increase stakeholder confidence in organisations.

ACCA’s chief executive, Helen Brand, says:

‘In these difficult times, this report looks ahead and considers the priorities facing the accountancy profession in helping create a better tomorrow. By sharing stories and examples across the profession, we also seek to strike a cautious yet prevailing note of hope for the future, showcasing the role of accountancy, and the positive contribution accountants can make in forging a new path to a better destination for global society’.

Jamie Lyon, report author and head of business management at ACCA says:

‘We have a responsibility to future generations to ensure they inherit a better world. As this report demonstrates, the accountancy profession can play a vital role in this, helping deliver a more equitable, green and inclusive world for the future.’

For more information, contact:
Association of Chartered Certified Accountants Pakistan (ACCA)
Office No. 5, 2nd Floor, SNC Centre,
Fazal-ul-Haq Road, Blue Area, Islamabad, Pakistan
Tel: +92-51-111-222275
Fax: +92-51-2876605
Email: info@pk.accaglobal.com
Website: www.pakistan.accaglobal.com

Second Electric Vehicles Stakeholders Meeting held at LUMS 

Lahore, April 14, 2022 (PPI-OT):To increase partnerships between Pakistani and foreign companies and to highlight the opportunities and challenges in the EV sector, LUMS hosted the second Electric Vehicles (EV) stakeholder meeting on April 5, 2022.

The session was also an opportunity to provide an update on the ‘Electric Vehicles and Battery Market Assessment’ report that was launched in late 2021 and was a joint project between LUMS and USAID.

Representing USAID at the event were Mr. David Young, Deputy Mission Director, and Ms. Jenna Diallo, Director, Office of Energy. Senior members of LUMS leadership were also present, including Rector, Mr. Shahid Hussain, and Vice Chancellor, Dr. Arshad Ahmad.

Dr. Ahmad welcomed the attendees and said, “This report is an excellent example of how your support has amplified evidence-based interventions that are having an impact at both the policy level and the ground level. We are enthusiastic and hope that we can continue to serve as a hub for innovation to achieve energy efficiency, power improvements and a focus on swappable batteries.”

In his keynote address, Mr. Young noted, “Our partnership with LUMS goes back more than three decades. Over the years, this partnership has strengthened, and this report is the latest example of our collaboration. The latest trends show that electric vehicles will become increasingly common in the future, and I believe Pakistan has great potential both as a producer and exporter of EVs to other countries.”

Three panel discussions were also held to discuss different aspects: from financing and marketing, to enabling the EV revolution. Dr. Shakeel Sadiq Jajja, Associate Professor, LUMS, explained that there are several different types of EV consumers, and each segment has their own set of expectations and constraints. This segregation must be considered as it will impact infrastructure and policy decisions.

A discussion was also held around swappable battery solutions which will require investment as well as standardisation. It was noted that to become widely acceptable, EV chargers must integrate into the existing lifestyle of users.

In his concluding remarks, Dr. Nauman Zaffar, Director, National Incubation Centre Lahore, stated, “This is the beginning of how we take the EV revolution forward in Pakistan. There is an open invitation to collaborate to innovate, and to take ideas forward in a sustainable manner.”

For more information, contact:
Lahore University of Management Sciences (LUMS)
D.H.A. Lahore Cantt. 54792
Lahore, Pakistan
Tel: +92-42-35608000
Fax: +92-42-35725048
Website: www.lums.edu.pk

Women in Leadership: Dr. Sadaf Aziz, Dean, SAHSOL 

Lahore, April 14, 2022 (PPI-OT):Dr. Sadaf Aziz has been appointed Dean of the Shaikh Ahmad Hassan School of Law at LUMS; making her the first female dean in the University’s history. Dr. Aziz was one of the School’s founding faculty members who helped launch the BA-LL.B programme. She has completed her PhD in Law from the University of Melbourne and her research interests lie in the areas of legal and political theory and the comparative and historical study of legal regimes in the subcontinent. She is also the author of The Constitution of Pakistan; A Contextual Analysis; a book on Pakistan’s constitutional laws and history.

We sat down with Dr. Aziz to talk about her experiences as an academic, lawyer and a woman at a leadership position at LUMS.

What was it about legal education that attracted you instead of pursuing a traditional practitioner career?

I veered between making a decision about whether to have a practitioners career or be a legal academic for a very short period of time, in the years that I was studying law. But by the end of my degree I was pretty intent on having a career as a legal academic as opposed to a practitioner. Having said that, over the years I have attempted to stay in close contact particularly with human rights practitioners and engaged in advocacy campaigns on specific issues that I am deeply concerned about.

Tell us about your experience as the first female in a senior leadership role at the Law School.

For me, as well as female faculty members and others at SAHSOL, just sheer representation at levels of institutional governance impacts how people perceive their own sense of inclusion in an institution. What kinds of interests will be voiced, what types of concerns will be brought to the front? I do believe that those kinds of concerns and considerations are more readily brought out into the open when you see female leadership within institutions. If can be an interlocutor or supportive player for those things, then I am happy that I can do that. Nonetheless, when we see women in leadership positions, it is also important to look backwards and account for why women did not rise to those positions earlier and often the answer will simply be that they were passed over and that was easier done because the qualities that women bring to leadership roles were simply not valued sufficiently.

How have you found the experience of working with NGOs and government functionaries different from working in a leadership position at a university?

There are, in many ways, stark differences. Particularly in governmental settings, much more explicit biases are operating and women often are not even spoken to even when they bring expertise, seniority and experience to the table.

On the other hand, the levels of education and human resources at LUMS are pretty unparalleled in Pakistan. This comes with sensitization and more explicit affirmation of gender equality. However, the unconscious biases that people have, make them act out in very strong ways. Even though these unconscious biases may have years and years of deconditioning, the tendency to undermine, to dismiss and to diminish females is still there. LUMS has not done nearly enough to counteract that or provide mechanisms for understanding and addressing the grievances of those who might persistently be subject to such behaviour.

Any advice you would give young women starting their careers in law.

I think women should take up as much space as they can. This is really important, because what they have to fight against is people putting them in corners. Women have to be each other’s allies in those ways and they have to be able to talk to each other. What we can do for each other is be honest about the fact that there is a cost which is extracted of women, and to be supportive of each other. It is also important to remind each other that nothing is insurmountable.

How important is it to have qualified, female lawyers for the Pakistani society?

It is incredibly important for women to be in the legal profession to foster practices that support women staying in the profession, and not having to drop out. We should see them moving up through the ranks in firms, in greater number of appointments to the bench, and in all sorts of leadership positions.

For many years it has been said that law is not a respectable field for women to be engaged in because they have to deal with all sorts of undesirable social characters, or they have to rub shoulders with men. But of course, these are just the kinds of concerns that suggest that women have a lesser stake in what happens in a public sphere and they can let men handle it for them.

For more information, contact:
Lahore University of Management Sciences (LUMS)
D.H.A. Lahore Cantt. 54792
Lahore, Pakistan
Tel: +92-42-35608000
Fax: +92-42-35725048
Website: www.lums.edu.pk

Blocking of VULMS Accounts

Lahore, April 14, 2022 (PPI-OT):The University has blocked LMS accounts of all those students who have payable dues. Students with blocked accounts will not be able to view Fall’2021 (Final Term) result and make course selection for Spring’2022 semester. It is therefore advised to clear outstanding dues at the earliest and get LMS accounts unblocked.

For more information, contact:
Virtual University of Pakistan (VU)
M.A. Jinnah Campus, Defence Road, Off Raiwind Road,
Lahore, Pakistan
Tel: +92-42-111-880-880
Fax: +92-42-99200604, +92-42-99202174
Website: www.vu.edu.pk

Pakistan Red Crescent to train people to deal with natural calamities 

Karachi, April 14, 2022 (PPI-OT):Following warnings of severe weather conditions, especially heat waves, the Pakistan Red Crescent Society (PRCS) is going to start training sessions for journalists, civil society representatives, and common people next week to deal with any natural calamity and disaster, PRCS Sindh officials said on Wednesday.

Kanwar Waseem, Provincial Secretary of Pakistan Red Crescent-Sindh, stated in his address to journalists at the Karachi Press Club that we all face natural calamities yearly due to climate change. Following severe weather warnings, particularly heat waves, he also announced that the PRC-Sindh, in collaboration with the Provincial Disaster Management Authority (PDMA), will begin training civil society organizations, journalists, ordinary people, and volunteers on alternate days each week at the Red Crescent Training Institute in Clifton, Karachi.

Senior journalists, including health reporters, attended the meetup, which was organized to apprise the media persons of the PRCS activities. Waseem said the PRCS was highly committed to providing basic health and first aid facilities to the maximum number of people in the country to deal with emergencies. He added that training sessions conducted during peaceful and normal days helped the authorities and people deal with emergencies effectively and without any chaos.

He emphasized that first aid training was very important for media practitioners in the field or at home, adding that accidents, bomb blasts, and other emergencies were frequent, and generally, journalists were the first to arrive at the scene after any accident. KPC health and environment committee secretary Muhammad Waqar Bhatti thanked the PRCS for its efforts to train people to deal with emergencies, saying that the PRCS had been conducting training sessions for journalists for the last 10 years.

“Many of our journalists have provided first aid to fellow journalists and common people after getting trained by the Red Crescent trainers. I have helped injured people on the roads with the help of the first aid kit and training provided to me by the PRCS Sindh,” Bhatti added. He urged the PRCS Sindh secretary and officials to continue training sessions for journalists and common people. PRCS Sindh Media and Communication Officer Muhamad Aftab Madni and senior journalist Nazir Laghari also spoke.

For more information, contact:
Sindh Provincial Branch,
Pakistan Red Crescent Society (PRCS)
Hilal-e Ahmar House, G 2 Khayaban-e-Iqbal, Zone A Block 7,
Teen Talwar, Main Clifton Road, Karachi, Pakistan
Tel: +92-21-35306227, 35306228, 35306229
Fax: +92-21-35830376
E-mail: phq@prcsindh.org.pk
Website: http://www.prcsindh.org.pk/

UOL students interact with industry titans at the 3rd Electricity Exhibition and Conference 

Lahore, April 14, 2022 (PPI-OT):In a bid to link the student to the industry titans, the Department of Electrical Engineering sent a delegation of 35 students to attend the 3rd International Electricity Pakistan Exhibition and Conference organized by FAKT Exhibitions Pvt. Ltd.

This flagship event attracted professionals from a multitude of industries who were invited to discuss energy, storage, and power applications, prospects, and difficulties on March 26-28, 2022, at the Expo Center Lahore. Mr. Ashfaq Ali (Student and Chair, IEEE UOL Student Branch), guided the UOL students through the event and profoundly explained technical engineering designs to them.

For more information, contact:
The University of Lahore
1 – KM Defence Road, Lahore, Pakistan
Tel: +92-42-111-865-865, +92-42-35322501 +92-42-35321761
Email: info@uol.edu.pk
Website: www.uol.edu.pk