FAISALABAD: SME (Small and Medium Enterprises) sector is the backbone of the national economy and Faisalabad Chamber of Commerce & Industry (FCCI) in collaboration with the Association of Chartered Certified Accountants (ACCA) will make all out efforts to facilitate this segment of the economy by giving them much needed awareness about prevailing taxation system and resolve issues relating to the accountancy.
This was said by Chaudhry Talat Mahmood, Senior Vice President FCCI while talking to a delegation of ACCA.
He said, “The changed economic scenario has further enhanced the importance of the SME sector hence we must give them awareness about related issues in collaboration with ACCA.” He assured the delegation that FCCI will develop close and workable liaison with ACCA to further enhance the skills of the SME sector and in this connection a Memorandum of Understanding (MoU) between the two organizations is also under consideration. He said that both institutions should also invite each other in their important events which will help them develop liaison and grow and groom.
The delegation of ACCA was comprised of Mohammad Shahid, Business Development Manager and Fahad Saeed Business Development Executive. They introduced their organization and said that ACCA was established in 1904 to reorganize the profession of accountancy on modern scientific lines. He said that ACCA has 233, 000 members which will soon jump to 536, 000 within the next couple of years. He said that ACCA is present in 178 countries and regions. “It is not only harnessing the skills of existing accountants but also providing practical training to the young accountants”, they added.