KARACHI – FAMCO Associates of Pakistan and TransVare Corporation of USA collaboratively organised a high-profile Executive Risk Management Forum for State-Owned Enterprises (SOEs) and publicly listed companies in the Pakistan Stock Exchange (PSX). 50+ CEOs, CFOs and Directors from public and private-sector were present in the country’s first-of-its-kind event that provided an opportunity to align with IMF-mandated ERM requirements on the subject and IMF’s SOEs guidelines.
Ahmed Chinoy, Director PSX, informed that collective losses of SOEs in Pakistan clocked at Rs851 billion the FY24 as the exclusive event brought together senior leaders and C-level Risk Management Executives from across Pakistan to explore the potential benefits of the digital transformation of Enterprise Risk Management (ERM) and internal control & audit by leveraging a comprehensive suite of innovative tools developed by TransVare Corporation. This transformation aims to enhance risk visibility and allowing organizations to gain real-time insights into their risk exposures – which facilitates proactive decision-making. By automating key processes, these tools streamline internal audit functions and risk assessments, thereby increasing accuracy and reducing manual efforts.
