Lahore: 03 Nov, 2023:  ACCA has announced the results for students who took their exams in September 2023. A thousands of students from across the globe participated in the October session of ACCA exams.

Ibad Haseeb from Karachi, Pakistan has landed the top spot with the highest scores in Audit and Assurance (AA) making him the prize-winner. This distinction is a notable achievement and highlights Ibad’s commitment towards creating a strong career for himself in the field of accountancy.

Assad Hameed Khan, Head of ACCA Pakistan, commented: ‘We are always proud to see our Pakistani students receive worldwide distinctions. This highlights the untapped potential within this nation’s youth that ACCA is dedicated to polishing and enabling them to pursue successful careers within and outside of Pakistan. Our youth faces a plethora of adversities and its through achievements such as Ibad’s that we see that it only enables them to shine brighter.’

Ibad attributes his success to relentless hard work and unwavering perseverance. He expresses gratitude for the unwavering support he received from his parents and educators at Tabani’s School of Accountancy (TSA), notably he thanks Haris Hanif, who tutored him for AA.

Ibad shares, ‘When I first started prepping, I made numerous errors and mistakes but it was only through constant dedication and practice that I was able to build my confidence up and attempt the challenge.’

The ACCA qualification commands substantial recognition and enjoys widespread recognition on a global scale, thereby presenting captivating career prospects with prominent employers. The ACCA Qualification meticulously evaluates the skills, capabilities, and competencies requisite for a contemporary accountant, all while fostering a strong foundation in ethics and professionalism.

ACCA stands as the world’s premier institution for professional accountants, boasting a membership of 247,000 and a prospective membership of 542,000 hailing from 178 countries and regions.

KARACHI, November 2: After 110% dividend in FY 2022-23, Security Papers Limited (SPL) announced its financial results for the first quarter of financial year 2023-24, ending September 30, 2023, recording a 74% growth in after-tax profit versus the same period last year and a substantial Rs. 2.62 increase in the earnings per share (EPS).

The Company achieved net sales of Rs. 1,729 million in Q1 FY 2023-24, showcasing a considerable increase compared to Rs. 1,183 million in Q1 FY 2022-23. Sales volume for Q1 FY 2023-24 reached 1,128 tonnes, an increase from 961 tonnes in Q1 FY 2022-23. This expansion aligns with our commitment to diversify our client portfolio.

Reflecting on the Company’s vision to ensure efficient cost management and to achieve enhanced operational efficiency, SPL reported a gross profit of Rs. 484 million for the quarter, a remarkable 72% increase over the corresponding period, representing an increase of Rs. 203 million.

The Company’s profit after tax stood at Rs. 365 million for Q1 FY 2023-24, a remarkable 74% higher than the same period last year when it was Rs. 210 million.

SPL Chairman Aftab Manzoor expressed enthusiasm about the financial results, stating, “Our strategic vision and relentless focus on innovation and diversification have yielded impressive outcomes as SPL achieved a remarkable increase in EPS of Rs. 2.62 in Q1 FY 2023-24 vs Q1 FY 2022-23. I want to extend my heartfelt gratitude to our Management for all the initiatives taken over the last year and thank our stakeholders, partners, and shareholders for their unwavering support.”

The Company’s strong performance is a testament to its commitment to progress and strategic initiatives aimed at delivering value to shareholders and customers. Moving forward, SPL will be collaborating with a European security paper company to further enhance its operational capabilities to ensure continued growth and competitiveness.

When it comes to cars, people are often tangled in quite a lot of debates. These debates encompass comparisons between brands or performance parts. One of the biggest debates is when people compare older cars with newer ones.

You might find a lot of people saying that cars are not made like they used to be. You might hear them say that the quality of cars has declined. On the other hand, you might also hear people talking in favor of newer cars as opposed to older ones. However, if we weigh the pros and cons side by side, it is apparent that newer vehicles do hold quite a lot of advantage.

Let us take a look at why newer cars are better than older cars.

1. The Safety Metrics of Cars

When it comes to older vehicles, people often say that they had a harder exoskeleton and could survive a lot of damage. They say that the build quality was superior and used better materials. However, we now know that older cars, while built with heavier material, certainly did not hold well for the passenger. The car may be saved from damage but the passenger was not. Modern vehicles focus on passenger safety and even have crumple zones on the car.

2. Fuel Efficiency

As years went forward, better technology was introduced. A sturdy car from the 80s or the 90s might not be able to provide as much fuel efficiency due to old technology. Electronic Fuel Injection is more efficient to old-school carburetors. Similarly, engine manufacturing has gotten more efficient, with smaller engines burning fuel much better. You do not need an old car with a big engine to be fuel efficient.

3. Lack of Features in Cars

Since the focus of modern vehicles is passenger safety, they have introduced features in them that are not in older ones. Features like anti-lock braking system, lane-assist, and many more have made it much easier to move around in vehicles. Not only that, but these features lets the driver access every aspect of the vehicle while driving. Even cars from 80s and 90s are superior to the ones from 50s and 60s, which did not even have proper seatbelts.

4. Engine Power

You might be quite surprised to see how much power a small 660cc engine can produce. It has a better efficiency that older bigger 2-liter engines. Yes, manufacturing has made power production more efficient, letting vehicles run for longer on more compact engines.

5. Improved Comfort in Cars

Older cars make it feel like you are sitting on a slab of wood. Only the luxurious ones of that time make a person feel like they were sitting in comfort. In comparison, even the mid-range cars of today provide more comfort than most cars did back in that time.

There are many more reasons as to why newer ones are better than older ones and you can always explore for more.

Stay tuned for more from Brandsynario.