Undocumented economy is a big problem for Pakistan.

KARACHI -- Undocumented economy is the main issue for the corporate governance in Pakistan, most of the companies are involved for delaying their audits and not following the dates of the Boards meeting. It is also prevalent to perform specific act without getting the relevant resolutions approved by the Boards. This was stated by Associate Professor, Shaheed Zulfiqar Ali Bhutto Institute of Science and Technology, (SZABIST) Dr. Jawaid Ahmed Qureshi while addressing to seminar on 'Corporate Governance' organized by Directorate of Research and Projects, Mohammad Ali Jinnah University, Karachi (MAJU) last evening. Prof. Dr. Manzoor Ali Israni of Management Sciences faculty, SZABIST also addressed to the seminar.

From MAJU, Associate Dean, Business Administration and Social Sciences, Dr. Shujaat Mubarak, Director, Research Projects, Dr. Muhammad Asif Qureshi, Director, CELDD, Shahzaib Aijaz and Sr. Faculty members Rana Tariq Mahmood, Salman Hameed and Shafiq Ur Rehman were also present on this occasion. Addressing to the seminar, Dr. Jawaid Ahmed Qureshi said that a strong corporate governance may result in better investment opportunities for local firms in respect of getting foreign direct investment in today's global economy. He also elaborated...

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