Streaming Media

Media Type

Keynote Address

Publication Date

8-12-2004

Description

I would like to begin by extending my heartfelt felicitations to all those companies who have been chosen to receive the awards on Best Corporate Reporting this evening. I would also like to commend ICAP and ICMAP for instituting these awards, holding public ceremonies to acknowledge the winners and continuing with the tradition for last several years. As you may have heard me say so often that we are very generous at finding faults and putting people and institutions down but very stingy in acknowledging success and appreciating those individuals, firms, institutions which have excelled in their respective fields. If you look around the world, the countries that have made strides in the various fields of human endeavour have reinforced positive behavior right from the childhood. Penalties alone without rewards are a very unsatisfactory way of making progress but a sure way of retarding progress. I therefore hope that other organizations in the country will follow this honourble tradition and recognize people in the various professions and vocations of life.

Notes

Address as the Chief Guest at Best Corporate Reports award ceremony organized jointly by the Institute of Chartered Accountants of Pakistan and the Institute of Cost and Management Accountants of Pakistan at Karachi on August 12, 2004

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