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SAFA CONFERENCE 2016 SOUTH ASIA: CORRIDOR OF OPPORTUNITIES SAFA Conference 2016 www.icap.org.pk our rural population forming 55% of the whole. He also said that Pakistan receives an average of 144 Million Acre Feet (MAF) of fresh water annually from the Indus River system comprising the Indus main and its tributaries. Out of this, 104 MAF is diverted to the canal irrigation system of the Indus Basin. Another 50 MAF of water, used for irrigation and domestic water supply, is drawn from groundwater sources. The Conference concluded with the SAFA Best Presented Annual Reports Awards session which was held at the end of the Conference to acknowledge the professionals who have excelled and contributed to the success of their organisations. The presidents of the Institute of Chartered Accountants of India (ICAI), Institute of Chartered Accountants Sri Lanka - CPEC included presentations by Adnan Gillani, lead (ICASL), Institute of Cost and Management Accountants Prime Minister Delivery Unit (PMDU) and Anwar Yaseen, of Pakistan (ICMAP) the South Asian Federation of former governor State Bank of Pakistan and senior Accountants (SAFA) and representative from Afghanistan advisor Industrial and Commercial Bank of China (ICBC) as an observer country travelled especially to Pakistan to Singapore. Adnan highlighted the benefits for Pakistan, attend the SAFA Conference along with their delegations. China and the region through China Pakistan Economic All institute presidents spoke on the occasion and Corridor and said that due to the energy initiatives under felicitated ICAP on its achievements. CPEC, Pakistan is expected to meet its electricity demand by 2018. The participants as well as the visiting delegates found the sessions very informative and hailed ICAP’s initiative The fourth and last technical session on Water and to take a step towards highlighting the impending need Energy - The Economic Life Lines included presentations to understand the role of accountants towards regional by Nadeem Babar, CEO Orient Power Co. and Mirza Hamid development. Hasan, former federal secretary Water and Power which evoked great interest in the audience. Nadeem said that A lavish dinner and entertainment program was also the global demand will grow by 40 per cent during 2007- arranged on January 30 after the Conference for the 2030 with coal use rising most in absolute terms. Talking participants of the conference and the delegates. The about the trend in South Asia, he said that over 29% music performance by Arif Lohar brought the chartered population is without electricity; this is 37% of the world accountants, both senior and junior, to their feet dancing population. He also said that this region is a net importer to the beat of Lohar’s chimta. of oil, gas, and coal and per capita electricity consumption in US is 12,272 kwh; in India 952 kwh and in Pakistan it is The event was sponsored by Platinum, Gold and Silver around 495 kwh. He added that the private ownership will sponsors. MCB Bank and Allied Bank as Platinum result in better performance and lower cost and will attract sponsors; Warid Telecom, Fauji Fertilizer Company, more capital. He said deregulation will help create open Fatima Group and Total PARCO as Gold sponsors; and competition by removing barriers. Mirza Hamid Hasan Al Meezan and Meezan Bank, HASCOL, Service, Abacus said that water has a special significance for Pakistan’s Consulting, PEL, PPL, Pak Qatar, PSO, Atlas Honda, Ufone, agriculture based economy as 23% of GDP comes from Switch, Haier Mobile, Faysal Bank, JS Global as Silver agriculture and is the main source of sustenance for sponsors. SAFA Conference 2016 presentations can be viewed or downloaded by clicking the following link: http://www.icap.org.pk/safaconference/presentations.php#pre 4 5