PPI Original Text (PPI-OT) – Institute of Chartered Accountants of Pakistan organising Post Budget Seminar 2012 – 2013 on Wednesday

Karachi, May 28, 2012 (PPI-OT): The Southern Regional Committee of Institute of Chartered Accountants of Pakistan (ICAP) is organizing a Post Budget Seminar 2012 – 2013 to be held on Wednesday, June 6, 2012 at Convention Center, Defence Authority Country and Golf Club, Karachi.

Mr. Shahid Hussain Asad, Member, Inland Revenue Service, Federal Board of Revenue will be the chief guest and Shaikh Saqib Masood, FCA, Partner, KPMG Taseer Hadi and Co., Mr. Asad Umar, Former President, Engro Corporation Ltd, Syed Masoud Ali Naqvi, FCA, Senior Partner, KPMG Taseer Hadi and Co, Mr. Ebrahim Yacoob Sidat, FCA, Country Managing Partner, Ernst and Young Ford Rhodes Sidat Hyder, S.M. Shabbar Zaidi, FCA, Partner, Tax Services, A.F. Ferguson and Co, Mr. Farrukh V. Junaidy, FCA, Senior Partner, Muniff Ziauddin Junaidy and Co, Syed Najmul Hussain, FCA, Convener CPD, Southern Regional Committee, ICAP and Mr. Adnan Mufti, FCA, Chairman, Southern Regional Committee, ICAP will be the speakers at the seminar.

The Federal Budget 2012-2013, expected to be presented on the 1st June 2012 before the National Assembly has specific significance attached to it in view of general elections which are scheduled to be held in early 2013.

Being the last budget of the current political government, it would be interesting to observe how the policy makers at Islamabad would attempt to address the focal issues engulfing the country at this crucial juncture of Pakistan’s history, while at the same time, balancing the expectations of the masses.

Amid steep inflation, rising unemployment and an ever increasing number of people below the poverty line, the common people are duly expecting relief from the Government of Pakistan. Besides, the current economic and business environment warrants that business friendly and growth oriented policies may be adopted to increase the economic and tax base.

However, the continuing war against terrorism, acute power shortage and many such factors exert additional pressure and pose challenges to the already fragile state of affairs of the economy. Thus, our policy makers and economic managers are facing formidable challenges due to limited avenues and resources for revenue generation.

It appears that the Government has limited options to cope with the situation and to respond to the expectations of the people. This demands that one remains pragmatic and realistic, least of all not to expect any miracles in the form of major fiscal relief in the forthcoming budget.

For more information, contact:
Muhammad Rafiq
Media Coordinator
Institute of Chartered Accountants of Pakistan (ICAP)
Chartered Accountants Avenue, Clifton
Karachi-75600, Pakistan
Phone: +9221 111-000-422
Fax: +9221 99251626
Cell: 0300 2128185

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