Management Consultants Pakistan FINCON Services Inc.

FINCON submitted a proposal to BISP for Poverty Scorecard Survey

admin — Sat, 13 Mar 2010 09:28:22 +0000

Banazir Income Support Program is an initiative of the Government of Pakistan to provide financial assistance to the poor and deserving families. In order to maintain transparency and ensure speedy delivery of benefits to the deserving families, BISP conducts door-to-door poverty surveys.

On Friday, March 12, 2010, FINCON submitted a proposal for the Poverty Surveys in Sindh province. Federal Minister/Chairperson Benazir Income Support Programme, Farzana Raja was present on the occasion.

BISP has declared 11 firms eligible for the Poverty Survey, out of which 10 submitted their proposals, including FINCON. Our Business Development Manager, Mr. Atif Irshad attended the bid opening ceremony at BISP Office, Islamabad.

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Development of PC-I of MIS of Water & Sanitation sector of Pakistan: Project Under Implementation

admin — Sat, 06 Mar 2010 11:27:26 +0000

Currently FINCON is undertaking this project for the Ministry of Environment of Pakistan. The basic purpose of the assignment is to enhance capacities in generation, management and utilization of accurate and timely water & sanitation information for informed decision making.

Some of the activities undertaken by FINCON include:

Literature review of existing MIS in the WATSAN sector
Stakeholder analysis through meetings and discussions
Analysis of the gathered information and drafting a concept paper for an integrated MIS for the water and sanitation sector of Pakistan
Outlining Data Collection requirements of various line agencies at federal/ provincial/ district/ tehsil level as input for MIS
Drafting detailed methodology for the establishment of federal/ provincial/ district/ tehsil level data collection and development of integrated MIS for the water & sanitation sector of Pakistan

Empowering Pakistan FIRMS: Under Implementation

Empowering Pakistan FIRMS: Under Implementation

admin — Sat, 06 Mar 2010 11:24:45 +0000

It is a USAID funded project in Pakistan in which FINCON is partnering with Chemonics and other international firms. The entire life of the EPF project is 4 years which is broken down into yearly targets. The Empower Pakistan: Firms (EPF) project intends to develop a dynamic and internationally competitive business sector in Pakistan. To achieve this goal, EPF will focus on improvement of productivity and competitiveness of Pakistani business in selection of 26 districts across the four provinces.

Development of PC-I of MIS of Water & Sanitation sector of Pakistan: Project Under Implementation

Financial Inclusion Program (FIP): About to be started

admin — Sat, 06 Mar 2010 11:23:38 +0000

FIP aims to transform the financial market through better regulation, availability of information, provision of long-term commercial financing, improving technology infrastructure and skills development. This transformation will lead to create wider livelihood opportunities through improved access to financial services for poor and marginalized groups in Pakistan.

FINCON is to partner with Coffey International Development for FIP.

As stated in the TOR the objectives of the implementation phase are to:

provide TA in all required areas of development finance including microfinance, SME finance, rural
Finance and low income housing;
provide TA to set up a credit guarantee scheme to increase flow of credit to SMEs in urban and Rural areas;
provide TA in the management of institutional strengthening fund that would assist MFIs
restructure into MFBs and invest in strengthening systems and human resource capacity of the
Financial sector intermediaries for efficient and cost-effective delivery of financial services to the poor; and
Provide TA to develop a financial innovation fund for developing innovative products and delivery systems for financial services to the poor.

FINCON is Shortlisted For Financial Management and Municipal Finance Consultancy (FMMFC) Bangladesh

admin — Sat, 06 Mar 2010 11:13:35 +0000

For the Urban Public and Environmental Health Sector Development Program (UPEHSDP), FINCON has been shortlisted for FMMFC.

The Financial Management and Municipal Finance (FMMF) consultancy firm will assist UPEHSDP in substantially reforming and improving financial management of city corporations’ and project management of UPEHSDP, introducing modernized and computerized accounting systems, and performance-based budgeting, using information technology to enhance financial management, improving tax collection and expanding the tax base to strengthen municipal finances, and also conduct regular concurrent audits of UPEHSDP to ensure high degree of adherence to various procurement and financial management guidelines.

FINCON is providing support to the Ministry of Economy and Finance, Cambodia

admin — Sat, 27 Feb 2010 06:56:36 +0000

FINCON is providing support to the Ministry of Economy and Finance, Cambodia in improving its debt management systems. Our consultant will begin his second visit to Phnom Penh to provide training in the use of the United Nation’s Debt Management and Financial Analysis System (DMFAS) and explore other information systems to keep track of investment projects and debt.

FINCON is Shortlisted For Financial Management and Municipal Finance Consultancy (FMMFC) Bangladesh

FINCON is Shortlisted For Supporting Public Financial Management in Papua New Guinea

admin — Sat, 27 Feb 2010 06:55:13 +0000

FINCON has been shortlisted for an ADB project in Papua New Guinea named “Supporting Public Financial Management”, Project Number 41510. The Project has been finance by Japan Special Fund.

The project is aimed at helping strengthen Public Financial Management (PFM) in PNG by:

Enhancing oversight of statutory authorities,
Improving project evaluation and prioritization,
Strengthening procurement arrangements,
Enhancing transparency and monitoring of subnational service delivery, and
Supporting the development of domestic bond markets.

International consultants (29 person-months) and national consultants (12 person- months) will be engaged with expertise in economic and financial analysis, statutory authority governance, procurement, bond market development, and legal and financial management.

FINCON and AIGR Signing MoU

admin — Tue, 16 Feb 2010 10:39:12 +0000

Signing of memorandum of understanding (MoU) among FINCON Services Inc. and Academia Industry Government Roundtable (AIGR) in NWFP

(From R-L) President FINCON Services Inc. Shahid Yusaf & Chairman AIGR Zahid Arif signing the MoU, Governor NWFP Owais Ahmad Ghani is also present.

FINCON Services Inc. a Canada based one of the largest multi disciplinary consulting firm and Academia Industry Government Roundtable (AIGR), a newly constituted organization in NWFP has recently signed a memorandum of understanding.

The MoU was signed at a ceremony in Governor House Peshawar on Friday January 22, 2010, in the presence of Governor Owais Ahmad Ghani. President FINCON Services Inc Mr. Shahid Yusaf and chairman AIGR Mr. Zahid Arif signed the memorandum of understanding.

The MoU will provide a common business framework for FINCON Services Inc. & AIGR for the identification of market driven opportunities, supporting value chain development management, R & D and promoting innovative activities in FATA. The MoU will also help and facilitate the quality of planning & advancement for the projects in the province.

FINCON and AIGR Round Table Discussion with Governor N.W.F.P

Speaking on this occasion the NWFP Governor, Owais Ahmad Ghani who is also the guardian of AIGR highly appreciates the performance and the role of AIGR and Science & Information Technology institutions in FATA and NWFP. He assured to continue every possible support to make the organization fully productive and result oriented.

The secretary Science & Information Technology institution, Orangzeb Khan, Chief Executive FATA development authority Attaullah Khan, Director Science & Information Technology institution Khalid Khan, the stakeholders of AIGR and members of Industry & Trade NWFP were also present at the occasion.

FINCON to Strengthen Women Entrepreneurship

FINCON to Strengthen Women Entrepreneurship

admin — Tue, 16 Feb 2010 10:34:05 +0000

As a socially responsible corporate FINCON Services Inc. has taken an ambitious initiative to develop a specialized training programme for women entrepreneurs that will enable them to meet the economic challenges of today’s world and will enhance their economic participation. According to that FINCON has signed a Memorandum of Understanding (MoU) with the Islamabad Women Chamber of Commerce and Industry (IWCCI). The MOU signing ceremony was held in Islamabad Club, on 25th November, 09, Wednesday to help establish and strengthen the capacity of women entrepreneurs. The president FINCON, Mr. Shahid Yusaf and President IWCCI Ms. Samina Fazil signed the MoU.

: Members IWCCI along with President FINCON Shahid Yusaf

The MoU outlines an agreement that will encourage & foster partnership initiatives, ventures, research and development, business incubation centers, and will support value chain development management between FINCON & IWCCI. It will also facilitate academia and industry linkages, knowledge management, access to financial services, and institutional strengthening of IWCCI.

On the other hand IWCCI has been formed exclusively for aid & assistance of women entrepreneurs and professional women. As there is multitude of businesses run solely by women in Pakistan, it is the need of the day to provide a separate chamber for them. This chamber acts as a forum providing an atmosphere catering particularly to needs and requirements of women entrepreneurs and helping them in promoting their business in local, national & international market.

This initiative will focus on identifying the new market driven opportunities, supporting value chain development management, R&D, and innovation activities. This project will also facilitate academia and industry linkages, access to financial services and institutional strengthening of IWCCI. The Islamabad Women Chamber of Commerce and Industry is supporting women entrepreneurs in providing advisory support, identification of suitable businesses and enhancement of their skills. The main objective of the agreement is to broaden participants’ vision and thereby improving knowledge about planning and organizing various trade-specific Entrepreneurship Development Opportunities.

It is expected that all the members who acquire training will have a great learning experience and valuable exposure of the business world, which will built their confidence. The project also proves to be a huge marketing platform for women entrepreneurs.

Mr. Yusaf highlighted the need of an effective business enabling environment as a building stone for nourishment of entrepreneurs and economic revival of Pakistan. He also stressed the need of generating economic activity at the community level as an effective alternate solution to the social safety nets.”