4th February 2018

Infrastructure Development Company Limited (IDCOL), a government owned financial institute, has been awarded with the SAFA Best Presented Annual Report Awards and SAARC Anniversary Awards for Corporate Governance Disclosures-2016 under Public Sector Entities category. Mr. M Maftun Ahmed, Company Secretary, IDCOL and Mr. M Mizanur Rahman, Unit Head, Finance & Accounts, IDCOL received the award from Nepal’s Finance Secretary Shankar Prasad Adhikari and SAFA President DrSuvod Kumar Karn at an awarding ceremony at Hotel Soaltee Crowne Plaza in Kathmandu on 31 January 2018. IDCOL won the award in the South Asia outshining counterparts in India, Sri Lanka, Pakistan, Nepal, the Maldives, Bhutan and Afghanistan. This award has been conferred on IDCOL on the basis of evaluation administered by SAFA's Committee for Implementation in Transparency, Accountability and Governance.

On winning the awards, IDCOL’s Executive Director & CEO, Mr. Mahmood Malik said, "Over the past couple of years, IDCOL has won a number of prestigious awards and achieved new milestones in the financial institutions sector.” While focus and commitment are the bedrock of every achievement, IDCOL’s success also reflects the collective effort from its large stakeholders including the Government, Board of Directors, Development Partners and dedicated staff. This international recognition from SAFA and SAARC is another stepping stone towards becoming a pioneer financial institute in the country. 

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