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Emphasising the importance of CSR, the speakers said that failure to own responsibility will result in the failure of the corporate sector itself.

In a 6th CSR Summit and Awards Organized by National Forum For Environment & Health with Collaboration of Aman Tech, The Citizen Foundation, Indus Hospital, WWF, Make A Wish, MALC & TMC. Speakers said that corporate sector should unit under one platform and set a single target to achieve for their various CSR activities and projects for significant contribution towards development of the country and far-reaching impacts on the society. “The corporate sector needs to make a shift from cost accounting to full-cost accounting,” said Saad Amanullah Khan, CEO Gillette Pakistan and the president of the American Business Council.

Explaining the concept of full-cost account accounting, Khan said: “There was a time when companies used to care only about their profits and losses; now the demands of the time have changed and companies have started adding the health of the environment and social responsibilities to their profit/loss calculations.”

According to Khan, since 80 percent of the world’s GDP is in the hands of the private sector, it needs to increase its CSR activities instead of waiting for governments to play a role. “Governments come and go; the private sector remains in all seasons,” he said. “Sustainable development is the route to business sustenance.”

Sharing examples of corporate philanthropy across the globe, Dr. Junaid Ahmed, chairman of National Management Consultants, said that Pakistan attracted only $56.6 million from US philanthropists till 2013 while India has attracted $8.3 billion in just the last 10 years.

However, while former federal minister for information Javed Jabbar agreed on the need for corporations to give more, he insisted that philanthropists educate themselves on who they are giving the money to and for what purpose.

“Terrorism is the result of blind philanthropy people used to make in near past,” he said, a point echoed by Commissioner Karachi Shoaib Siddiqui, who also stressed on the need to make philanthropy visible and documented.

However, Parvez Ghias, managing director and CEO of Toyota Indus Motors, said that the canvas of CSR should be expanded beyond just philanthropy. “We need to implement good governance and polices, take care of the environment, pay taxes as per our obligations etc,” he said. “We should not keep CSR activities limited to the giving of financial assistance to NGOs and similar organizations.”

CEO and President Barclays Bank Shahzad Dada said that corporations should work extensively on social development through providing skills and knowledge to unserved and underprivileged members of the society for capable them as the valuable part of the country.

The way of social investment should be changed through mindset of welfare and create value through executing activities which will develop societies rather than donating funds to NGOs. He urged the companies to optimize their investment through creating values to different projects under CSR.

Ali Asher Syed, Coporate Manager of Nestle Pakistan said the corporate sector needs to sort out major issues of the society and set a roadmap to achieve their targets mutually through the collected efforts and joint strategy. The summit was addressed by different CEOs of the corporate sector. Around 40 companies will be given awards for their CSR activities and projects in Pakistan. The country's living legends of Pakistan- Dr Adeeb Rizvi and Abdul Sattar Edhi have been given awards for their valuable services for Pakistan's people.

President NFEH, M. Naeem Qureshi, Chairman NFEH, Dr. Kaiser Waheed, Conference Director, Mehmood Tareen, Founder President Make A Wish Foundation Ishtiaq Baig, MD & CEO Jung Group Shahrukh Hasan, Consul General of Germany Dr. Tillo Klinner, Head of CSR FFCL, Brig Munawar Hayat Khan Niazi, Chairman Bin Qutab Group, Bashir Malik, Manager CSR EBM, Attiyah Inam, CEO Indus Hospital, Abdul Bari Khan, CEO Amantech, Zaheer. A. Hussain, Program Consultant FESF, Christopher Thomas Peder, Senior Associate Navitus, Shireen Naqvi also Spoke on the occasion
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