March 18, 2007	Sunday	Safar 28, 1428

KARACHI, March 17: International Finance Corporation (IFC), the private sector arm of the World Bank Group, in partnership with the Pakistan Institute of Corporate Governance (PICG), organised a one-day workshop on the “role and responsibilities of the board of directors” for JS ABAMCO on Saturday.

A press release issued by the company stated that JS ABAMCO is part of the Jahangir Siddiqui Group and is the country’s largest asset management company in the private sector.

Munawar Siddiqui, chairman of JS ABAMCO, was quoted to have said: “We are one of the country’s most prestigious and diversified financial institutions and are very conscious of incorporating good corporate governance practices within our companies.” And he added: “It is our endeavor to be known as the best governed company in the country and want our board members to be fully aware of their role and responsibilities so that they can contribute positively to our growth.”

The workshop was conducted by Kaiser Naseem from the IFC and Zahid Zaheer of the PICG.

“IFC supports sustainable private sector companies and assists in improving the way in which they deliver services and generate jobs,” stated Kaiser Naseem.