BARD Foundation establishes DESCON Endowment Fund at University of the Punjab

Bilquis & Abdul Razak Dawood (BARD) Foundation has signed a Memorandum of Understanding (MoU) with the University of the Punjab’s Institute of Chemical Engineering & Technology (ICET) to establish DESCON Endowment Fund.

DESCON Endowment Fund will be available to both male and female students (preferably from rural areas) enrolling in the institute from the next academic year (2023 - 2024), based on their financial backgrounds and academic skills. The students eligible for this fund will be selected from across the country by a special committee, which will also include a BARD Foundation representative.

The MoU signing ceremony was graced by BARD’s Board of Governors including Faisal Dawood and Farooq Nazir, Vice-Chancellor of Punjab University Dr. Niaz Ahmed Akhtar, Dean of ICET Dr. Abdullah Durrani and ICET Director Dr. Rafiullah Khan.

Talking about this initiative, Faisal Dawood stated, “Our youth is ambitious and talented, and at BARD Foundation, we are willing to utilize our resources to ensure they get the chance to not only succeed at life but also positively impact their communities. We will continue to explore similar industry – academia linkages to empower students with the right tools and resources.”

While appreciating BARD Foundation’s academic-enrichment initiative, Dr. Niaz Ahmed Akhtar thanked the BARD Foundation and DESCON for setting up this endowment fund, stating that this is a novel way to empower students from underprivileged backgrounds. The students at University of the Punjab already receive industrial-training at DESCON and this MoU further strengthens the business relationship between the two organizations.

BARD Foundation is a human-development initiative, founded by the renowned industrialist, Abdul Razak Dawood and his philanthropist wife, Ms. Bilquis Dawood. The foundation seeks to utilize its resources to support the talented but less-fortunate individuals, helping them achieve

their true potential. This initiative is also supported by Descon Engineering Limited, a leading Pakistani enterprise which has successfully built several large-scale, infrastructure-projects in many countries.

Comments

47% of Asia Pac businesses have no emissions plan in place despite the climate emergency, reveals new report from ACCA, IFAC and PwC

As world leaders gather for COP 28, ACCA (the Association of Chartered Accountants), IFAC (the International Federation of Accountants) and professional services firm PwC released a new report: The role of the CFO and finance function in the climate transition: driving value and sustainability, based on a survey of 1,000 senior finance professionals around the world. The research reveals 47% of respondents in the Asia Pacific region have yet to produce a plan for reducing their carbon emissions. Alarmingly, 69% of those respondents without an emissions plan say they currently have no intention of developing one. This compares with global figures of 46% of respondents who have yet to prepare an emissions plan and 70% of those say they currently have no intention of developing one. The report also says that that involving CFOs and finance teams in the emissions reduction planning is likely to accelerate progress. They should embrace this because, although they may not

Peshawar Zalmi Releases "Zalmi Raalal" Official Anthem Powered by TCL

TCL, Pakistan's No.1 LED TV Brand, in collaboration with Peshawar Zalmi, has released their most awaited anthem for PSL 8, " Zalmi Raalal ". Directed by the maestro Hassan Dawar himself, "Zalmi Raalal" is a star-studded, power-packed amalgamation of music, fashion, and sports, the three foremost passion points of Peshawar Zalmi. Produced by Naughty Boy, who has worked in the global music industry with the likes of Beyoncé, Wiz Khalifa, and Sam Smith, the music video features cricket's biggest superstars Darren Sammy and Babar Azam, as well as Pakistan's biggest celebrities Mahira Khan and Hamza Ali Abbasi. Peshawar Zalmi's official anthem for 2023, "Zalmi Raalal", is an ode to passion, a story entailing the beauty and power of the KP region and its people. The anthem has crossed one million views on all online platforms since its release, and the number is increasing fast. The star-studded and narrative-centric anthem feature

Economic confidence among finance professionals edges higher globally despite big fall in North America

The latest ACCA (the Association of Chartered Certified Accountants) and IMA ® (Institute of Management Accountants)  Global Economic Conditions Survey (GECS) suggests that confidence among accountants and finance professionals edged slightly higher in Q2 2024 and is just above its historical average. For chief financial officers (CFOs), all the key global indicators rose, with sharp gains evident in the New Orders and Capital Expenditure indices. There were some notable regional differences . Western Europe-based accountants reported another decent increase in confidence as the euro area and UK economies continue to stage recoveries. Even Asia Pacific saw a small rise off the back of a huge gain previously, and the New Orders Index increased strongly. The region is benefitting from improvements in the global economy, including in the manufacturing sector and the upward moving technology cycle. However, North America’s financial professio

News Herald

Search This Blog