The primary responsibility of the finance and accounting department is to manage the finances of the company. The funds are arranged on a commercial basis with almost all major financial institutions in the country under Commodity Operations Financing (COF) arrangements. These financial arrangements are implemented with the approval of the Finance Division, Government of Pakistan and Bank Daulat Pakistan.
In addition, according to the Companies Code of Conduct 1984 and applicable international financial reporting standards, the department is responsible for maintaining an accounting book. Specialists with professional qualifications trained in the department are tasked with adopting the best practices and ensuring their implementation, as well as overseeing all of the corporation's financial professional functions.
The primary responsibility of the finance and accounting department is to manage the finances of the company. The funds are arranged on a commercial basis with almost all major financial institutions in the country under Commodity Operations Financing (COF) arrangements. These financial arrangements are implemented with the approval of the Finance Division, Government of Pakistan and Bank Daulat Pakistan. In addition, according to the Companies Code of Conduct 1984 and applicable international financial reporting standards, the department is responsible for maintaining an accounting book. Specialists with professional qualifications trained in the department are tasked with adopting the best practices and ensuring their implementation, as well as overseeing all of the corporation's financial professional functions.