IBA holds Pakistan Philanthropy Forum 2019

IBA holds Pakistan Philanthropy Forum 2019

March 20, 2019: The Pakistan Centre for Philanthropy (PCP) held the Pakistan Philanthropy Forum 2019 at IBA, Karachi. The theme of the forum was Unlocking Philanthropy’s Potential: The Power of Partnerships. The forum convened donors, social investors, social and tech entrepreneurs, multilateral agencies, policymakers, government and business leaders, and visionaries from across the world to offer pragmatic insight and constructive responses to pressing global challenges. Panelists and speakers examined how philanthropy works most productively when it supplements the welfare agenda of the state. In his welcome address, Chairman, PCP Board of Directors Mr. Zaffar A. Khan mentioned that Pakistan is a giving country even though we rate poorly as tax payers. He further said that the sentiment to give to the needy is a national strength that needs to be further encouraged and channelized to build credible institutions that can help create a high-end social impact. He mentioned that the civil society has stepped forward, and has been using philanthropy to build some outstanding NGOs.

Director of International Charities Aid Foundation, UK, Mr. Michael Mapstone, opined that governments shall ensure that civil society organizations are regulated in a fair, consistent and open way, while on the other hand organizations shall ensure good governance and be honest about impact to win build public trust.

Comparing regulation globally is challenging as the local context differs from country to country said Tim Hopkins of Charities Commission, UK. He further said that virtually all countries have various forms of regulation of Civil Society Organizations (CSOs). There is no right answer as to what works best, its all dependant on the risks for each jurisdiction. He said that we are seeing more of an appetite for ‘self-regulatory’ bodies where conduct and behavioural standards are set and accredited.

Chief Executive Officer, British Asian Trust UK, Mr. Richard Hawkes, highlighted the importance of social finance and regarded it as an efficient way to finance and manage development goals, especially for programs that i) can produce measurable outcomes, ii) can produce outcomes in a short period of time, iii) have previous evidence of success, and iv) located in an appropriate political and legal environment.

IBA holds Pakistan Philanthropy Forum 2019

PCP also launched its survey on corporate philanthropy, followed by an awards distribution ceremony. Those who won the awards included Pakistan Petroleum Ltd, Oil & Gas Development Company Ltd, Fatima Fertilizer, Pakistan Services Ltd, Treet Corporation Ltd, Mehran Sugar Mills Ltd, Yunus Textile Mills Ltd, Liberty Mills Ltd, Resham Textile Industries Ltd, Burma Oil Mills Limited, Barrett Hodgson Pakistan (Pvt.) Ltd, Shirazi Investments (Pvt.) Ltd, and H & H Exchange Company (Pvt.) Ltd.

Chief guest of the event, Syed Babar Ali, lauded the contributions of the corporate sector in the development of the country. He mentioned the philanthropic contributions towards provision of education and health services to the poor in the country. He was of the view that it is the duty of the business community to give back to the society in whatever way possible. He urged the corporate sector to come forward and help bring improvements in the lives of the marginalised sections of the society.

Executive Director PCP Ms. Shazia Maqsood Amjad, shared that corporate philanthropy has soared since 2000 when PCP first documented it – increasing 33 times since 2002. She informed that according to PCP’s latest report, philanthropic contributions by the corporate sector has increased to over Rs. 10 billion per annum. The event was marked as an important milestone in advancing PCP’s mission to promote indigenous philanthropy for social development in Pakistan.

Associate Dean, IBA, Ms. Huma Baqai congratulated the award winners.

IBA holds Pakistan Philanthropy Forum 2019