Pakistan Telecommunication Company Limited (PTCL), the largest Information Communication Technology (ICT) service provider in Pakistan, has won distinction for the country, with South Asian Federation of Accountants (SAFA) conferring the ‘Best Presented Accounts Award 2011’ to the company, in the category of ‘Communication and Information Technology’. The award is presented to companies that exceed industry standards in quality and transparency of financial reporting parameters.
SAFA, consisting of the institutes of chartered and management accountants in the SAARC countries, holds these awards every year for different categories on the basis of evaluation of the published annual reports of companies across the South Asian Region to improve transparency, accountability and governance in financial reporting.
“We are honored to have our report recognized globally. SAFA’s decision to honor PTCL with the ‘Best Presented Accounts 2011’ award is recognition of the company’s resolve to offer standard corporate practices and marks our commitment to meeting international standards in corporate governance. Our annual report is the bridge between our investors, shareholders and the public, and we will continue to enhance the production standards of our annual report, ensuring it conveys our business activities and financial information while maintaining a high degree of transparency,” commented Farah Qamar, Company Secretary of the Pakistan Telecommunication Company Limited.
The certificate awarding ceremony will be held in Colombo on March 22-23, 2013 by the Institute of Chartered Accountants, Sri Lanka.