Karachi School for Business & Leadership (KSBL) won the final of the 6th CFA Institute Research Challenge (IRC) held at Moevenpick Hotel in Karachi. Renowned financial sector professionals belonging to top tier banks, DFI's, AMC's and Brokerage Houses attended the annual event hosted by CFA Society Pakistan. The winning team will now represent Pakistan at the 2014 Asia Pacific Regional Finals to be held in Singapore on 23rd & 24th April 2014.
Owing to the credible repute and excellent performance, Pakistan Petroleum Limited (PPL) was chosen as a subject company for the research this year. Students from the 10 leading business schools such as Institute of Business Administration Karachi (IBA), Institute of Business Administration Sukkur (IBA), Institute of Business Management (IoBM), Lahore University of Management Sciences (LUMS), Lahore School of Economics, National University of Sciences and Technology (NUST), National University of Computer & Emerging Sciences (FAST-NU), Karachi School for Business and Leadership (KSBL), Bahria University and Greenwich University were required to prepare detailed equity research report for the company.
The IRC is an annual competition organised by The CFA Society Pakistan gives opportunity to the students from Pakistan's top business schools to learn from the industry experts and compete with their peers. The challenge teaches participants best practices in equity research through hands-on mentoring and intensive training in company analysis and presentation skills.
One of the members of the Board of Directors of the Society, Muhammad Ali Bhaba, who was also the chair of this committee and co-ordinator of the event, gave the inaugurating speech and highlighted the significance of the IRC and its objectives. This year's panel of judges for the Pakistan Final comprised of Mohammad Shoaib, CFA, (CEO Al Meezan Investment), Anis-ur-Rehman, (CEO Fortune Securities) Muhammad Sajid, CFA, (Partner JS Private Equity) and Asif Ali Qureshi, CFA, (CEO Optimus) while the graders were Muhammad Imran, CFA, (Portfolio Manager NAFA), Abid Jamal, CFA, (Head of Research ABL), Muhammad Asim, CFA, (Head of Equity Arif Habib Funds), Mohammad Imran Rafiq, CFA, (Head of Research NIT) and Sanam Khan, CFA, (Head of Research Al-Meazan Investments).
Kamran Wahab Khan, being the General Manager and Chief Financial Officer, graced the occasion as the chief guest and appreciated the quality of the young presenters and their ability to handle testing questions from the esteemed panel of judges.-PR