The Association of Chartered Certified Accountants (ACCA) and COLABS have signed a Memorandum of Understanding (MoU) aimed at improving cooperation between the two organisations to enhance financial capacity building in Pakistan.

The MoU focuses on developing and sharing knowledge, and raising awareness on key themes in finance, such as business planning, financial modelling, investment management, business valuation, governance structures, business ethics, and financial capabilities.

The MoU serves as a framework for future collaboration between the two organisations, including the creation of a calendar and the coordination of joint or independent events and activities for concerned stakeholders.

The MoU was signed by COLABS Founder and CEO Omar Shah and ACCA’s Head of Pakistan, Assad Hameed Khan, in the presence of senior management representatives from both organisations.

Shah expressed his pleasure with the agreement, stating, “This MoU with ACCA provides the guiding principles for various activities to enhance cooperation between ACCA and COLABS in building the financial capacity of COLABS partner organisations. Our activities will include the organization of capacity building workshops and webinars aimed at disseminating information about both organisations’ mandates and scope of activities. The agreement also includes awareness sessions for COLABS partner organisations on different programmes, such as the ACCA Approved employer programme and ACCA learning certificates.”

Hameed Khan praised the partnership, saying that it will provide an outreach and opportunities platform for the partner organisations of COLABS to upskill and comprehend their professional role in promoting Pakistan’s economic growth.