The Professional Accountants in Business (PAIB) Committee-ICAP has conferred Best Corporate Sector Project Award to Ufone’s “Telecom Passive Infrastructure Sharing” project. Award was given at a ceremony held at Marriott Hotel, Karachi.
As part of the Telecom Infrastructure Sharing project, Ufone team has achieved highest tower sharing ratio in telecom industry through various types of arrangements with other operators, said a statement issued by the company. The Telecom Infrastructure Sharing project has resulted in manifold increase in Ufone’s profitability, the company said.
It is pertinent to mention here that the ICAP was conducting the ‘First Professional Excellence Awards’ of the Institute as part of its Golden Jubilee celebrations in order to honor the outstanding contributions of its members.
The Professional Excellence Awards are the first of its kind, to acknowledge the achievements of Chartered Accountants who have added value to their organizations/business, by innovative contributions to business processes, finance, accounting and internal control or leading change management.
To maintain the transparency of the process, the board of PAIB Committee constituted a three member Jury to evaluate projects that meet the qualification criteria while the winners of the event will be awarded an economy airline fare for attending any of the renowned finance related international conferences and events.