Qudsia Bano

Pakistan can become a key economic powerhouse in the region through connectivity and integration with other nations, making the most of its strategic location. This was stated by Iqra Hamid, Senior Project Manager, Systems Limited, a technology provider. During a recent conversation, she provided WealthPK with her insights on Pakistan’s economy.

WealthPK: Who creates your company’s investing policies, and how do you aim to protect the value of your investment portfolio from possible market risks?

Iqra Hamid: The job of developing and managing the company’s risk management framework rests with the Board of Directors. The company’s risk management policies are created and maintained by the executive management team. The team meets frequently and communicates to the Board of Directors through an audit committee any adjustments or difficulties with compliance.

The executive management team periodically reviews the risk management systems to consider alterations in the market and the company’s operations. The company strives to create a disciplined and productive environment in which all workers are aware of their responsibilities through training and management standards and procedures.

WealthPK: What do you think the market sentiment is in light of the recent inclusion of Systems Limited in the MSCI Semi-Annual Review? How will it be beneficial for your company in future?

Iqra Hamid: Value of shares traded on the Pakistan Stock Exchange increased as a result of the inclusion of four businesses in one of MSCI’s indices in its semi-annual review. Given that Systems Limited is covered by the MSCI Semi-Annual Review and that it will advise investors to make investments in the firm and its trading, a majority of investors and financial analysts believe this could result in the company’s good growth. Systems Limited has a sizable number of shares, and we may see a sizable number of purchases from international buyers.

WealthPK: How is Systems Limited striving to attain sustainable growth? And what role does the workforce play in achieving this goal?

Iqra Hamid: Systems Limited offers a wide range of digital solutions and services with the goal of boosting the productivity and expansion of businesses all over the world. When dealing with many stakeholders on a daily basis, Systems Limited is sincerely devoted to upholding the highest standards of ethics and integrity. When making business decisions, we refer to our “Employee Code of Conduct” to direct and align our actions.

WealthPK: What are the major causes of economic instability in the country, and how can we overcome them?

Iqra Hamid: The major causes of economic instability in Pakistan are political polarisation and lack of education and employment opportunities. Pakistan has the potential to develop as a key economic powerhouse in the region. To reach this potential, Pakistan must have economic stability and steady growth. By creating economic corridors, we can offer a fertile environment for investments and opportunities, leading to job creation. Through connectivity and economic integration with other nations, Pakistan can make the most of its strategic location.

Policymakers will have to bring about structural reforms in key areas such as simplifying corporate laws and taxes and enhancing trade facilitation and logistics to unleash the nation’s economic potential.

About Company

Systems Limited was established in Pakistan under the Companies Act, 2017. The company’s main lines of business are the development of software, the trading of software, and the provision of business process outsourcing services.

Financial Performance 

Systems Limited’s revenue climbed 82.03% to Rs14.8 billion in the first nine months of the previous fiscal year 2021-22 compared with Rs8.1 billion over the corresponding period of FY21. Similarly, the gross profit of the company registered an increase of 70.04% during 9MFY22 and stood at Rs4.8 billion as against a gross profit of Rs2.8 billion in 9MFY21. The company posted a net profit of Rs4.8 billion in 9MFY22 compared to a profit of Rs2.3 billion in 9MFY21, showing a massive growth of 108.46% year-on-year.

Credit : Independent News Pakistan-WealthPk