Icmap Newsletter May 2015

Chief Editors Message
National Council
Office Bearers
President
Kashif Mateen Ansari, FCMA
Vice President
Mohammad Iqbal Ghori, FCMA
Honorary Secretary
Khawaja Ehrar ul Hassan, FCMA
Honorary Treasurer
Saghir ul Hassan Khan, FCMA
Members
Raheel Asghar Ginai, FCMA
Zia ul Mustafa Awan, FCMA
Anis-ur-Rehman, FCMA
Waqar Ali Khan, FCMA
Government Nominees
Saeed Ahmad
Deputy Governor, SBP
Tahir Mahmood , FCMA
Commissioner SECP
Syed Imtiaz Hussain Bokhari
Deputy Auditor General, AGP
Sumaira K. Aslam
Dy. Chief Cost Accounts Officer, MoF
I am delighted to present the May 2015 issue of e-Newsletter

covering programs and events organized by the National Council,
its various Committees as well as Branch Councils of Karachi,
Lahore, Islamabad, Multan, Faisalabad, Peshawar and Quetta.
The e-Newsletter also updates about various Institutes
significant activities and progress during this month in the
spheres of education, examination, membership, CPD and
training, research and publication, public practice, corporate
relations and technical support.
The month of May marks two memorable occasions; one is of international significance i.e. Labor
Day or international workers day commemorated around the globe on 1st May; and the other is a
red letter day in the history of ICMA Pakistan i.e. 23rd May on which date the sapling of this
professional institution was planted. This year the 64th Anniversary of the Institute was celebrated
with great zeal and enthusiasm.
While this e-Newsletter would be uploaded on Institutes website in June 2015, the Federal Budget
2015-16 would have been announced on 5th June, 2015. As per customary, ICMA Pakistan would be
organizing post-budget seminars to discuss the pros and cons of the budget. A budget feedback
survey would also be conducted by the Research and Publications Directorate. Its report would be
submitted to the government.
Have a nice reading of this e-Newsletter and enjoy the mango season which has just arrived with
some delicious varieties of mangoes all around. Please do share your suggestions on improving this
e-Newsletter.
Mohammad Iqbal Ghori, FCMA

Vice President and
Chairman Research and Publications
Editorial Board
Chairman
Muhammad Iqbal Ghori, FCMA
Members
Barkat Ullah, FCMA
Shoaib Ahmad Riaz Tirmazi, ACMA
Shahid Mahmood Shaikh, ACMA
Syed Kashif Saeed, ACMA
Sheeraz Sultan, ACMA
Zulfiqar Ali Mehto, Journalist
Directorate
Muhammad Kamran Jamil, Editor
Shahid Anwar, Joint Director, R&P
Email: rp@icmap.com.pk
Contact: + 92 21 99243900
URL: www.icmap.com.pk
Table of Contents
Chief Editors Message ........................................................................................................................ 1
Table of Contents ................................................................................................................................ 1
National Events.................................................................................................................................... 2
Presidents Engagements .................................................................................................................... 9
Branch Activities ................................................................................................................................ 10
Membership ...................................................................................................................................... 16
Examinations ..................................................................................................................................... 16
Practice Development ....................................................................................................................... 17
Corporate Relations & Communication ............................................................................................ 18
Other News........................................................................................................................................ 19
Institute of Cost and Management Accountants of Pakistan
Newsletter Volume 11.2
May 2015
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National Events
Webinar on Good Governance
Nationwide | May 05, 2015
The National CPD, Seminars & Conferences Committee of ICMA

Pakistan organized a Webinar on Good Governance on May 05,
2015. Mr. Vincent H. Tophoff is a Senior Technical Manager at the
Professional Accountants in Business Committee (PAIB) of the
International Federation of Accountants (IFAC) was the main
speaker at the Webinar.
Mr. Vincent H. Tophoff
Mr. Tophoff in his address spoke about arising global concerns

about corporate governance and the role of professional
accounting institutions to discharge their responsibilities under such circumstances. He is of
the view that corporate governance is one of regular activities which shall continue to get importance at top management and board
levels. The strategies to drive the business shall be aligned with basic benchmarks set for governance. He was of the view that good
governance can only be ensured if vested interest be kept aside and decisions be taken entirely on merit. He said that there are many
organizations surrounding us which implemented corporate governance in true spirit and are highly rewarded by their stakeholders.
Senior Technical Manager
(IFAC)
Seminar on Global Corporate Governance

Lahore | May 15, 2015
The National CPD, Seminars and Conferences and Members / Students Welfare Committees jointly organized Seminar on Global
Corporate Governance on May 15, 2015 at Lahore. The Seminar was attended by members and professionals whereas seasoned
speakers delivered their presentation on the occasion. Among the speakers, there were Mr. Kashif Mateen Ansari, President, ICMA
Pakistan; Mr. Mohammad Iqbal Ghori, Vice President, ICMA Pakistan; Mr. Saghir ul Hassan Khan, Honorary Treasurer; Mr. Sadiq M.
Naim Imam; Mr. Iftikhar Taj Mian and Ch. Waqas Safdar.
Speakers are sitting on the stage during Seminar on

Global Corporate Governance
The participants of the Seminar on Global Corporate Governance

at Lahore
Corporate Membership of Royal Palm Golf & Country Club, Lahore

The Institute of Cost and Management Accountants of Pakistan

(ICMA Pakistan) and Royal Palm Golf and Country Club (RPGCC)
signed a Memorandum of Understanding (MoU) on May 15,
2015 at RPGCC, Lahore. On behalf of the Institute, Mr. Kashif
Mateen Ansari, President ICMA Pakistan signed MoU whereas
RPGCC was represented by its General Manager, Mr. Omer Mir.
The initiative was taken from the platform of National Councils
Members Welfare, Career Development & Students Affairs (MWCDSA) Committee to provide ICMA Pakistans members and their
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families an opportunity to become member of one of finest clubs of the country where apart from recreation and relaxation they can
explore avenues to build corporate and social networking.
The MoU offers discounted Lifetime Corporate Membership @ Rs.550, 000/- (in case of installment) to members of the Institute
which is 50% less than the general rates applicable for membership. The Corporate Membership to members of the Institute allows
upfront and installment options for payment of membership fee. The installment option will be through 50% upfront payment
remaining 50% in two equal installments payable i.e., in the 4th and 8th month after upfront payment. It is pertinent to mention that
the Institute managed to get more favorable terms as compared to what had been offered to other professional Institutions of similar
standing. The membership package is inclusive of family members i.e., spouse and five children (up to 21 years of age). The
membership is also transferrable to any of the children. The members and their families can enjoy facilities such as Golf Course, Driving
Range, Squash, Tennis, Swimming Pools, Gym, Badminton, Table Tennis, Walk-In-Wood, Chameleon, Palmers Sports Bar, Scarlet,
Health Bar, Dawat, BBQ Lawn and Cigar Lounge. Under banquet facilities, a member may utilize halls / rooms from small meetings for
30 to 40 persons to large gatherings of over 1,000 persons on discounted competitive rates.
The Corporate Membership offer is limited and valid till July 5, 2015on first-come-first-served basis. The RPGCC membership is
valuable especially for members residing in Lahore, Islamabad, Faisalabad and Multan and those members from Karachi and other
cities who frequently visit Lahore for business and corporate commitment. The contribution of Mr. Saghir ul Hassan Khan, Honorary
Treasurer and Chairman MWCDSA Committee is commendable in materializing this proposal.
Mr. Kashif Mateen Ansari, President ICMA Pakistan and Mr. Omer Mir,
General Manager RPGCC are signing MoU whereas Mr. Saghir ul Hassan
Khan, Honorary Treasurer (extreme right) is also present.
Mr. Kashif Mateen Ansari, President ICMA Pakistan and

Mr. Omer Mir, General Manager RPGCC
exchanging MoU ICMA Pakistan and RPGCC
Directors Training Program (9th Batch)

Karachi | May 22, 2015
The National CPD, Seminars & Conferences Committee organized the 9th Directors Training Programme (DTP) at Karachi from May 22
to 30, 2015. The DTP was attended by the representatives of ten companies viz. Mr. Rahim Bux, Director Sanghar Sugar Mills Limited;
Mr. Qazi Shamsuddin, Director Sanghar Sugar Mills Limited; Mr. Qaisar Mufti, Consultant Qaisar Mufti Associates; Mr. Noman Mustafa
Zubairi, Lead Consultant Plus Consultants; Mr. Afroz Quraishi, Managing Director/C.E.O. PICIC Insurance Limited; Ms. Saba Nadeem,
Director Baluchistan Wheels Limited; Mr. Haroon Iqbal, Director Dewan Cement Limited; Mr. Ishtiaq Ahmad, Director Dewan Cement
Limited; Mr. Aziz -Ul- Haque, Director Dewan Cement Limited; Mr. Ashfaq Haji Hasham Director/C.E.O. Good Luck Industries Ltd.
At the end, Mr. Anis ur Rehman, Chairman, CPD, Seminars & Conferences Committee distributed Certificates among the participants.
Speaking during the certificate distribution ceremony, Mr. Anis ur Rehman, Chairman CPD, Seminars & Conferences Committee
informed that the ICMA Pakistan is a recognized professional institution of international repute and has distinction of being the sole
regulatory body of Management Accounting profession in Pakistan. It has been granted statutory status through CMA Act 1966 of the
Parliament. ICMA Pakistan has a sound track record of providing professional trainings to the business and corporate sector, including
trainings on corporate governance. This track record merited the attention of the SECP in allowing the Institute to offer the Directors
Training Program, Mr. Anis added. He informed that as of date 120 senior executives have become Certified Directors from the forum
ICMAP.
He opined that the ICMA Pakistans DTP has been specifically designed to impart knowledge and develop necessary skills of the Board
of Directors of Listed companies for successful achievement of companys objectives. It would have focus on the possible role and
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duties of Directors, and the knowledge and competencies expected from them in todays environment, leading to creation of an
effective board culture and performance.
Following trainers conducted different modules under the Code of Corporate Governance during the Programme:
1.
Mr. Abdul Rahim Suriya, FCMA, FCA

Partner Suriya Nauman Rehan & Co.,
Chartered Accountants
Topic: Finance Management, Corporate Reporting and Review
of Corporate Governance
2.
Mr. Shahid Zaki, MBA, MSEE, BSEE

Advisor, German Project Organization (GIZ)
Visiting Professor, IBA
Former Chairman and CEO, Philips Electrical Industries of
Pakistan Ltd.
Topic: Corporate Strategy
3.
Mr. Nazir Ahmad Shaheen, FCMA

Chief Executive, Nazir Shaheen & Associates, Former
Executive Director, SECP
Topic: Corporate Law
4.
Mr. Amar Naseer, CPA (USA), FCA, LLM

Director & Company Secretary, Unilever Pakistan Limited
Topic: Board Composition and Responsibilities
5.
Mr. Saeed A. Sheikh, FCMA

Member Lahore High Court Bar Association
Chief Executive, Shaikhain Management & Law Consultants
Topic: Understanding the Relevant Laws & Legal System for
Corporate Leaders
Following is list of participants:

Sr.
1
2
3
4
5
6
7
8
9
10
Name
Rahim Bux
Qazi Shamsuddin
Qaisar Mufti
Noman Mustafa Zubairi
Afroz Quraishi
Saba Nadeem
Haroon Iqbal
Ishtiaq Ahmad
Aziz -Ul- Haque
Ashfaq Haji Hasham
Mr. Nazir Ahmed Shaheen, Trainer receiving

plaque from Mr. Qaiser Mufti, Former Vice
President, ICMA Pakistan
Designation
Director
Director
Consultant
Lead Consultant
Managing Director / C.E.O.
Director
Director
Director
Director
Director / C.E.O.
Company Name
Sanghar Sugar Mills Limited
Sanghar Sugar Mills Limited
Qaisar Mufti Associates
Plus Consultants
PICIC Insurance Limited
Baluchistan Wheels Limited
Dewan Cement Limited
Good Luck Industries Ltd.
Mr. Amar Naseer, Trainer receiving plaque from

Mr. Qaiser Mufti, Former Vice President, ICMA
Pakistan
Mr. Abdul Rahim Suriya, Trainer receiving plaque

from Mr. Qaiser Mufti, Former Vice President,
ICMA Pakistan
Mr. Shahid Zaki, Trainer receiving plaque from Mr.

Qaiser Mufti, Former Vice President, ICMA
Pakistan
Mr. Saeed A. Sheikh, Trainer receiving plaque

from Mr. Anis ur Rehman, Chairman CPD
Committee, ICMA Pakistan
May 2015
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The participants of 9th Batch of Directors Training Program in a group photo.
Mr. Qaiser Mufti, Former Vice President ICMA Pakistan

is receiving DTP Certificate from Mr. Anis ur Rehman,
Chairman CPD Committee, , ICMA Pakistan
Corporate Networking Reception on Management Accountants' Day

In the current corporate scenario industry and professional institutes are getting closure to collaborate and work for mutual benefit.
No professional body can develop and raise its stature without effective networking with the industry leaders. In the same spirit ICMA
Pakistan is endeavoring to engage with the most senior corporate executives enabling them to understand and appreciate the quality
of our professionals. ICMA Pakistan organized a Reception on 64th Anniversary of Management Accountants' Day (Corporate
Networking Gathering) on May 22, 2015 at a local hotel in Karachi. Mr. Brian Heath, the US Consul General Karachi was the Chief Guest
on this occasion.
Mr. Kashif Mateen Ansari, President ICMA

Pakistan in a group photo with Mr. Brian Heath,
the US Counsel General, Karachi
Mr. Brian Heath, the US Counsel General,

Karachi receiving plaque from Mr. Kashif
Mateen Ansari, President ICMA Pakistan
Khawaja Ehrar ul Hasan, Honorary Secretary

ICMA Pakistan in a group photo with Mr. Brian
Heath, the US Counsel General, Karachi
From L to R:
Mr. Khalil Ahmed, Director

Corporate Relations; Mr.
Abdullah Feroz, MD, Efroz
Chemical Industries; Mr. Kalim
Siddiqui, Byco Petroleum; Ms.
Shahida Jamil, a renowned
Barrister and Former Law
Minister; Mr. Kashif Mateen
Ansari, President, ICMA
Pakistan; Mr. Brian Heath, US
Counsel General, Karachi;
Mian Zahid Hussain, President
Pakistan Businessmen and
Intellectuals Forum; Mr.
Rashid Siddiqui, President
Korangi Association of Trade &
Industry; Syed Farukh Mazhar,
SGS Pakistan Pvt. Ltd.; and
Mohammad Wasi Khan, CEO,
Middle East & Pakistan Byco
Petroleum Pakistan Limited
The event was attended by top executives including Chairmen, Presidents, Chief Executives, Managing Directors, etc of leading
organizations and trade bodies association. Following is the list of some executives attended the event:
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1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
Mr. Saeed Allawala, Chairman Pakistan Pharmaceutical

Manufacturers Association (PPMA)
Mr. Abdul Haseeb Khan, President Brookes Pharma (Private) Limited
Mr. Ebrahim Hasham, CEO Mehran Sugar Mills
Dr Shehzad Arshad, Chairman- Pakistan Cotton Fashion Apparel
Manufacturers and Exporters Association.
Mr. Khalid Tawab (SITARA-E-IMTIAZ), Chairman Tawab Group of
Companies
Syed Ali Raza Bukhari, Co-Founder/CEO of Vector Financial Services
Mr. Nasim Beg, CEO Arif Habib Consultancy
Dr Amjad Waheed, CEO NAFA
Mr. Majyd Aziz, former President KCCI
Mr. Salah Uddin, Executive Director Management Association of
Pakistan
Mr. Shahid Gul Motiwala, CEO Al Ameen Funds
Mr. Anwar Iqbal, CEO Silver Seal International
Mian Zahid Hussain (Sitaara-e-Imtiaz, Hon. PhD., Justice of Peace)
CEO; KenLubes International (Pvt.) Ltd.
Mr. Kalim A. Siddiqui, former MD PSO
Mr. Nasir Ali Syed, CEO Pak Qatar Family Takaful
Mian Abrar Ahmed, Chairman Ahmed Group of Companies
Mr. Sohail Wajahat, former MD Siemens Pakistan
Mr. Abdullah Feroz, MD & Chief Executive, Efroze Chemicals
Industries (Pvt.) Ltd.
19. Syed Farrukh Mazhar, MD SGS Pakistan Pvt. Ltd.

20. Barrister Shahida Jamil, former Federal Law Minister
21. Mohammad Wasi Khan, CEO Middle East & Pakistan Byco Petroleum
Pakistan Limited
22. Mr. Zahid Saeed, MD Indus Pharma
23. Mr. Mehtab Uddin Chawla, Chairman Al-Karam Towels Industries
24. Mr. Rashid Siddiqui, President Korangi Association of Trade &
Industry
25. Ms. Asiya Zaidi, Finance Director Unilever Pakistan
26. Dr Farhan Essa, President Dr. Essa Laboratory and Diagnostic Centre
27. Engineer M.A.Jabbar, former Chairman SITE Association & CEO Qaim
Filters
28. Mr. Shamim Ahmed Firpo, Chairman Firpo Group of Companies and
former SVP KCCI
29. Mr. Ibrahim Kasumbi, CEO Umair Petrochemicals (Pvt) Ltd. and SVP
KCCI
30. Mr. Aftab Munshi, CEO Al Habib Capital Markets (Pvt) Limited
31. Mr. Zahid Mubarik, CEO HR Metrics
32. Dr. Junaid Ahmed, Chairman National Management Consultants
(Pvt) Ltd.
33. Mr. Shakeel Ahmed, GM SSGC
34. Mr. Muhammad Waseem Vohra, VP FPCCI
35. Mian Mahmood Hassan, MD Bake Parlour
The networking opportunity lead to sign MOUs for mutual benefit with many of the participating companies for which
discussions have already been initiated. We are confident that this relationship building activities will benefit our
members, qualified and students in getting better opportunities in these companies. It is the Institutes undying
commitment to continue engaging various stakeholders of the economy in a befitting manner for the betterment of ICMA
Pakistan.
ICMA Pakistans 64th Anniversary

The Institute nationwide celebrated its 64th Anniversary and 65th Management Accountants Day on May 23, 2015 at all campuses of
Institute with great zeal. The occasion was organized by respective Branch Council and Campuses under the auspices of National
Corporate Relations and Communication Committee. The ceremony was attended by the senior members, respective branch council
and the staff of ICMA.
Ceremony is underway at Head Office, Karachi

At Head Office, Karachi, Mr. Kashif Mateen Ansari, President; Khawaja Ehrar ul Hasan, Honorary Secretary; Mr. Anis ur Rehman,
Member National Council attended the cake cutting ceremony at Karachi. The ceremony was also attended by three former Presidents
namely, Mr. M. H. Asif, Mr. Muhammad Ashraf Bawany and Mr. Badruddin Fakhri.
The President on the occasion said that we need to enhance qualitative strength to lead the corporate world. The power of emotional
intelligence, smart decisions, thorough understanding of what is being done, team work and other such areas are key for financial
leaders. Khawaja Ehrar ul Hasan, Honorary Secretary; Mr. Khalid Mehmood, Chairman KBC and all former Presidents also shared their
views pertinent to the occasion.
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Ceremony at Lahore
Lahore
Islamabad
Faisalabad
The ceremony at Lahore was celebrated

with full enthusiasm. The Council Members,
Mr. Zia ul Mustafa Awan, FCMA and Mr.
Raheel Asghar Ginai, FCMA attended the
ceremony. The ceremony was also attended
by members and staff of the Institute.
At Islamabad Mr. Ghulam Mustafa Qazi,

FCMA Former Vice President was the
Chief Guest whereas other members and
dignitaries also attended the ceremony.
The senior members along with Member
IBC and staff enjoying cutting cake.
In Faisalabad, Mr. Mohammad Iqbal Ghori, FCMA

Vice President, ICMA Pakistan was the chief guest
and main speaker at the event. Mr. Ghori was
accompanied by members of Faisalabad Branch
Council and Dy. Director Faisalabad Campus.
Multan
Hyderabad
In Multan, Chief Guest was Ch. Zulfiqar Ali

Anjum, CEO SM Foods Multan. At Multan, the
ceremony was also attended by senior
members including Syed Anwer Mehdi,
FCMA; Mr. Khalid Mahmood, FCMA Senior
Member; Mr. M. Sajjad, FCMA; Mr. Shahzad
Ahmed Bhatti, FCMA; Mr. M. Waqas Khalid,
ACMA and Mr. Najib Afzal, ACMA who shared
their experiences on this occasion.
In Hyderabad, Mr.Rashid, Member addressing

on the occasion of 64th Anniversary of the
Institute. Mr. Rashid, in his speech highlighted
the importance of the Day and role of
Management Accountants in the industry. The
anniversary was attended by members,
faculty and students.
Meeting with Chairman National Management Consultants

Mr. Waqar Ali Khan, National Council Members and Chairman, Technical Support
and Practice Development Committee met Dr. Junaid Ahmed, Chairman, National
Management Consultants (NMC) Pvt. Ltd. at latters office on May 23, 2015. The
matters of professional interest were discussed.
Dr. Junaid while admitting the strength of the Institute advised that ICMA Pakistan
shall promote its brand and strengths effectively. To the extent of curriculum, he
said that as compared to other at par accounting bodies, the contents are far better
covering the real issues faced by the corporate world. He was of the opinion that
the Institute shall run a campaign of Friends of ICMA Pakistan and in this it should
take corporate sector on board.
Mr. Waqar Ali Khan, Council Member presenting
Institutes publications to Dr. Junaid Ahmed, Chairman
National Management Consultants (NMC)
Dr. Junaid showed his keenness to provide all necessary support to promote the
Institute at national and international level.
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Webinar Professional Accountants in Business

The National CPD, Seminars

& Conferences Committee
organized a Webinar on
Professional Accountants in
Business on May 29, 2015,
which focused on research
work
by
Chartered
Mr. Todd Scaletta
Ms. Julie Desjardins
Professional Accountants of
Canada (CPA Canada) targeting professional accountants in business. The areas
covered during webinar were international reporting, sustainability reporting, climate change, information technology, and future
challenges and opportunities for business. Mr. Anis-ur-Rehman, FCMA Chairman, CPD, Seminars & Conferences Committee, Mr. Todd
Scaletta Director, Strategy, Risk and Performance Management Chartered Professional Accountants of Canada and Ms. Julie
Desjardins, Director, Reporting & Capital Markets Chartered Professional Accountants of Canada were the presenters at the Webinar.
Inclusion of Management Accounting for HECs Foreign Scholarship

The President ICMA Pakistan, Mr. Kashif Mateen Ansari had a meeting with Chairperson HEC, Prof. Dr. Mukhtar Ahmed on March 10,
2015. On behalf of ICMA Pakistan, the meeting was also attended by Mr. Waqar Ali Khan, Council Member; Mr. Muhammad Kamran
Jamil, Director SPD and Mr. Aftab Ali Khan, Director North Region. Mr. Ansari took up the matter to consider ICMA Pakistan members
for various scholarships offered by HEC. The Chairpersons HEC while honoring the request informed that Management Accounting
ca be included in one of the knowledge areas for HECs foreign scholarships to fill the gap of availability of experts in this area. The
matter was then taken up by the Institute and finally Management Accounting are was added in the areas in which scholarships will
be offered. The inclusion of Management Accounting will provide opportunity to our members aspiring to opt for M.Phil. / Ph.D.
From L to R Clockwise: Dr. Mukhtar Ahmad, Chairperson, HEC; Mr. Waqar Ali Khan, National Council
Member; Mr. Aftab Ali Khan, Former Director North Region; Mr. M. Kamran Jamil, Director Research
& Publications and Strategic Planning and Mr. Kashif Mateen Ansari, President ICMA Pakistan
The HEC letter mentioning inclusion of knowledge

area of Management Accounting for foreign
scholarship
Top CPD Earners

Qaisar Mufti
Muhammad Aamar
Muhammad Akram
Muhammad Shahid
Muhammad Yousuf
F-171, Karachi
CPD Hours (40)
A-5808, Faisalabad
CPD Hours (11)
A-4758, Lahore
CPD Hours (10)
A-4764, Lahore
CPD Hours (10)
F-1136, Karachi
CPD Hours (9.5)
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Presidents Engagements
ICAP and ICMA Pakistan Reaffirmed Commitment to Strengthen Mutual Collaboration
Mr. Kashif Mateen Ansari, President, Institute of Cost and Management Accountants of Pakistan (ICMA Pakistan) along with Mr. Saghir
ul Hassan Khan, Honorary Treasurer and Mr. Anis-ur-Rehman, Chairman CPD Committee had a meeting on 7th May, 2015 at ICAPs
Head Office, Karachi with the office-bearers and officials of the Institute of Chartered Accountants of Pakistan (ICAP). The ICAP was
represented by Mr. Yacoob Suttar, President, ICAP; Syed Najmul Hussain, Vice President (South); Mr. Rashid Ibrahim, Chairman CPD
Committee; Mr. Muhammad Maqbool, Member, National Council; and Mr. Feroz Rizvi, Chief Operating Officer.
During the meeting, matters of professional interest were discussed. It was deliberated that the only two statutory institutions of the
country need to extend hands of mutual cooperation to promote the profession of accountancy in Pakistan. It was emphasized that
in order to face upcoming local and global business challenges, the two institutions shall enhance cooperation in all such areas which
lead to corporate governance, transparency and efficiency. The bonding relationship between the two institutions will ultimately
contribute towards economic development of the country.
The President ICMA Pakistan raised the issue of restoration of exemptions previously offered to qualified and members of the Institute
on which ICAP agreed-in-principle to restore exemptions, which will be notified after completion of due process of approval. Further,
the President ICMAP initiated the discussion to exempt the articles to ICMAP members in lieu of industrial experience, to which again
the ICAP showed agreement in principle. This will also be formalized after due approvals but will take more time due to the
involvement of regulators also. In addition to this, it was also discussed and agreed that CA Firms will provide internships to students
and training opportunities to newly qualified CMAs.
The two institutions showed their commitment to jointly work for continuing professional development and engage in joint CPD
activities. They also showed their keenness to explore areas where the two institutions can assist the government to make reforms
agenda successful, help the regulators to develop better policies and to support public and private sector organizations to transform
businesses. It was decided that the two institutions continue to enhance interaction to jointly address issues and to devise coherent
strategy pertaining to the growth and development of profession and professional activities in Pakistan.
Meeting with Dr. Ishrat Husain, Dean and Director, IBA Karachi
Mr. Kashif Mateen Ansari, President, Institute of Cost and Management Accountants of Pakistan
(ICMA Pakistan) met Dr. Ishrat Husain, Dean and Director, Institute of Business Administration (IBA)
Karachi and former Governor, State Bank of Pakistan on 8th May, 2015 at IBA Main Campus, Karachi.
During the meeting, matters of professional interest to promote higher education in Pakistan were
discussed. Mr. Ansari acknowledged the role of IBA Karachi in providing business leaders to the
industry whereas
The President ICMA Pakistan
presenting a memento to Dean
& Director IBA, Karachi
Dr. Husain applauded the efforts of ICMA Pakistan in producing such professionals who have sound
knowledge of accounting, management accounting and finance to adequately run one of the key
functions of any business organization.
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The heads of two institutions explored the possibilities to work together to get benefit of each other expertise. It was also discussed
to have collaboration in the areas of faculty development, continuing professional development, research and development, capacity
building specially in the areas of communication and leadership, etc. The two institutions emphasized the need for entering into joint
avenues for the promotion of higher education in Pakistan.
Branch Activities
Karachi
Seminar on Business Optimization through Cost and Management Accounting
The Karachi Branch Council organized a Seminar on Business Optimization through Cost and Management Accounting on May 02,
2015 at Karachi Main Campus. Mr. Hasan A Bilgrami, FCMA (President and Chief Executive Officer Bank Islami Pakistan Ltd), Mr. Fahim
ul Hasan, (Partner A F Firguson and Company) and Mr. Humayyun Fareed Uddin, FCMA Chief Executive Unicorn Consulting Pvt. Ltd.
were the main speakers. Mr. Khalid Mahmood, Chairman Karachi Branch Council and Syed Shariq Waqar, FCMA Convener Technical
Committee KBC and were also present in this Seminar.
Corporate Meetings and Dignitaries Visit
Dr. Najam, Manager Corporate Relations, Dr. Essas

Laboratory along with his team visited ICMA Pakistan
on May 11, 2015
Mr. Khalid Mehmood, Chairman, KBC (left) and Dr.

Najam, Manager Corporate Relations, Dr. Essas
Laboratory signed a Corporate Partnership Scheme
(CPS) MoU on May 11, 2015
The Director Corporate Relations, ICMA Pakistan met

with the CEO, UK-Pakistan Chamber of Commerce and
Industry on
May 5, 2015.
A Corporate Relations meeting with Chief Executive

Officer, FAMCO Associates (Pvt.) Limited held on May
7, 2015
A Corporate Relations meeting with Head of

Resourcing & Talent Management, Silk Bank Limited
was arranged held on May 8, 2015
A Corporate Relations meeting with Chief Executive

Officer, Continental Shipping Agencies Private Limited
held on May 14, 2015
A Corporate Relations meeting with General Manager

Finance, the Kidney Center held on May 14, 2015
A Corporate Relations meeting with Senior Manager

Group Human Resources, Siddiqsons Limited held on
May 18, 2015
Ms. Maria Faisa, Asstt. Brand Manager and Ms.

Beena, Executive Human Resource at TPL Direct
Insurance Limited visited ICMA Pakistan on May 25,
2015
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10
Ms. Umaimah Muzzamil, Manager Pharmacy Services

& HR, Pharm Evo (Pvt) Limited visited ICMA Pakistan
on May 26, 2015
A meeting was held with the Head of Human

Resources, Takaful Pakistan Limited on May 26, 2015
Shaikh M. Azam, Business Development Manager,

Consultants for Our Future World (Pvt) Limited visit to
ICMA Pakistan on May 27, 2015
A Corporate Relations meeting with Human Resource Executive, A. F. Ferguson & Co., Chartered Accountants, A
member firm of the PwC Network held on May 7, 2015.
Course on English Language Proficiency Course

The Karachi Branch Council organized a Course on English Language Proficiency on May 06, 2015 at Karachi main Campus. Mr.
Muhammad Nazar, Convener CRC Committee and Mr. Khalid Mahmood, FCMA Chairman Karachi Branch Council were also present in
this program. Mr. Khalil Ahmed (M.A English) was the facilitator in this program.
Other CPD Events

Training Session on Oracle
Awareness
Seminar on The Voice of

Leadership
Two Day Workshop on ERP

Implementation Oracle EBusiness Suit (General Ledger)
The Karachi Branch Council organized a

training session on Oracle Awareness
on May 09, 2015 at Soldier Bazar
Campus, Karachi.
The Karachi Branch Council of ICMA

Pakistan and CPD, Seminars &
Conferences Committee of National
Council in Collaboration with Terra Biz
organized a Seminar on The Voice of
Leadership on May 14, 2015. Mr.
Muhammad Adnan Azam, Former
Team Leader at Siemens Pakistan,
Saudi Arabia & Germany and a Certified
Creative Trainer by International
Federation of Training & Development
Organizations (IFTDO) was the
facilitator at the Seminar.
The Karachi Branch Council organized a

workshop on ERP Implementation Oracle EBusiness Suit (General Ledger) on May 23, 2015.
Mr. Amir Nadeem, ACMA, Functional

Consultant Inbox Technology was the
facilitator.
The training session was attended by
members and final year students of the
Institute.
Mr. Shoaib Jamal, FCMA was the Facilitator in

this workshop. Mr. Khalid Mahmood, FCMA
Chairman Karachi Branch Council was also
present in this program.
Student Picnic at Fiesta Park

Karachi Branch Council organized Students Picnic at Fiesta Water Park on May 27, 2015. All Students appreciated the efforts o f
Members, Organizers and its Team Member which included Mr. Muhammad Fahad, ACMA and Mr. Faisal Mobin, ACMA.
May 2015
www.icmap.com.pk
11
Lahore
Workshop on Time Management
Series of Lecture on Thought Leaders New

Frontiers of Entrepreneurship"
Lahore Branch Council organized a Workshop on Time

Management on May 9, 2015 at ICMA Lahore. Mr. Amir Zahoor
was the main Trainer.
Lahore Branch Council organized a session of Thought Leaders

Lecture Series on Economic Potentials in Pakistan on 12 May, 2015
at ICMA Lahore. Mr. Asad Umar, Ex-President & CEO Engro Foods
was the main speaker.
Workshop on Project Management Skills
Mehfil-e-Naat-e-Mustaf
Lahore Branch Council organized a Workshop on Project

Management Skills Leading to PMI Certification on May 19, 21, 26,
28 and June 2, 3, 4, 2015 at ICMA Lahore. Mr. Ahsan Maqbool was
the main Trainer. Other speaker was Mr. Awais Yasin, ACMA
Convener CPD Committee-LBC.
Members Welfare/ Student Affairs Committee of Lahore Branch Council

organized a Mehfil-e-Naat-e-Mustafa , on May 28, 2015 at ICMAP
Lahore Campus. Mr. Muhammad Aslam Bhatti, FCMA, Vice President,
Askari Bank was the chief Guest on the occasion. Mr. Saghir ul Hasan
Khan, FCMA Chairman, Members Welfare/ Student Affairs Committee
and Mr. Habib ul Shami were also present on this occasion.
May 2015
www.icmap.com.pk
12
Islamabad
Workshop on IAS 19 & IFRS 2
Seminar on Interviewing
Skills
Training Program on
Microsoft Dynamic GP 2010
ERP
Islamabad | May 16, 2015
Islamabad | May 23 & 24, 2015
The Technical Support and Practice

Development Committee of National
Council of the Institute organized a
Workshop on IAS 19 & IFRS 2 Employee
Benefits and Share Based Payments on,
May 16, 2015 where Mr. Zahid H. Shah,
ACMA was the resource person.
Islamabad Branch Council organized a

seminar on Interviewing Skills on May
22, 2015, which will equip the
participants, will all the necessary
technique required to assess their worth.
Where Muhammad Imran, FCMA Member
Islamabad Branch Council was the Chief
Guest in this seminar.
Islamabad Branch Council organized a

training program on Microsoft Dynamic
GP 2010 ERP on May 23-24, 2015 for
members and students who were
interested to get hands-on training and
expertise in Microsoft Dynamics.
Seminar on Company Incorporation;

Procedure, Requirements & IT
Perspective
Workshop on LinkedIn Live One Day

Insightful and Action Learning
Islamabad Branch Council organized a Seminar on

Company Incorporation; Procedure, Requirements &
IT Perspective on May 27, 2015 to provide technical
and professional knowledge to members and
students. Syed Jamal Ahmed Zaidi, FCMA and Mr.
Muhammad Akram Qureshi, Deputy Registrar, SECP
were the main Speakers. Syed Mubashar Ali Shah,
ACMA Vice Chairman Islamabad Branch Council was
the Chief Guest at the Seminar.
Islamabad Branch Councils Technical Support and

Practice Development, TSPD Committee of National
Council organized a workshop on LinkedIn Live One
Day Insightful and Action Learning on May 30, 2015
at ICMAP Islamabad, where Dr. Ansir Rajput, Ph.D
degree in Entrepreneurship, MBA from Babson
College, USA and BSEE, Sunny Buffalo, USA was the
resource person at this workshop.
1. Pain is part of life and love, and it helps you grow. | 2. Mindset is half the battle. | 3. Your biggest fears dont
really exist. | 4. You are growing through experience. | 5. You cant change situations you dont take responsibility
for. | 6. The present is all you really have to deal with. | 7. There is always, always, always something to be
thankful for. | 8. Great things take time. | 9. Other people cannot validate you. | 10. You are not alone.
May 2015
www.icmap.com.pk
13
Faisalabad
Seminar on Labor Laws of
Pakistan
An program on Management
Accountant A Role Model
Workshop on Business
Reporting and Analysis Using
MS Excel
Faisalabad | May 08, 2015
The CPD Committee of Faisalabad

Branch Council organized a Seminar on
Labor Laws of Pakistan on May 08,
2015. Mr. Nadeem Said, Certified
Human Resource Professional was the
main speaker.
Other speakers were Mr. Muhammad
Shahid, FCMA Vice Chairman
Faisalabad Branch Council and Mr.
Abdul Shakoor, FCMA Convener, CPD
Committee of Faisalabad Branch
Council.
The Students Affairs Committee of

Faisalabad Branch Council organized
a seminar on Management
Accountant as a Role Model on
May 19, 2015 at Faisalabad Campus.
Mr. Mohammad Iqbal Ghori, FCMA
Vice President ICMA Pakistan was
the chief guest and main speaker at
the event. Other speaker at the
program was Mr. Sheeraz Sultan,
ACMA Convener, Students Affairs
Committee of Faisalabad Branch
Council.
The CPD Committee of Faisalabad

Branch Council organized a Workshop
on Business Reporting and Analysis
Using MS Excel on May 24, 2015 at
Faisalabad Campus. Mr. Tahir
Mahmood Fazal was the Trainer.
Other speakers on the occasion were
Mr. Muhammad Shahid, FCMA Vice
Chairman, Faisalabad Branch Council
and Mr. Abdul Shakoor, FCMA
Convener, CPD Committee of
Faisalabad Branch Council.
Multan
Seminar on IFRS Updates
Multan | May 09, 2015
CPD & Students Affairs committee of Multan Branch Council organized a seminar on IFRS Updates on May 09, 2015 at ICMAP Multan
Campus. Mr. Talat Javed, FCA Partner Talat Javed & Co., Chartered Accountants Firm was the Chief Guest. Mr. Kashif Adeel, ACA was
the Guest Speaker.
Mr. Muhammad Rafiq, Chairman and Mr. Muhammad Waqas Khalid, member of Multan Branch Council were also present on this
occasion. A large numbers of ICMA & ICAP members and students attended the seminar.
May 2015
www.icmap.com.pk
14
Peshawar
Participation in Jang Education Expo
Peshawar | May 19, 2015
ICMA Pakistan Peshawar Campus participated for the first time in Education Expo on May 19, 2015. Sardar Mehtab Ahmed Khan
Abbasi, Governor KPK was the Chief Guest who also visited the ICMA Pakistan stall. More than 100 visitors get information about CMA
profession and ICMA Pakistan. Being the first education expo for Peshawar Campus, it gave opportunity to introduce the Institute at
mass level. The students who visited the stall were pleased to know that Institute is maintaining its own campus. The prospective
students were invited to visit the Institute to experience facilities and to have one-on-one counseling session. The college teachers
visited the stall were also requested to onward communicate students to spread CMA profession in their respective colleges. The
students in particular and all other visitors were provided requisite information as per guidelines received form the Head Office and
Regional Headquarters.
Sardar Mehtab Ahmed Khan Abbasi, Governor KPK is visiting ICMA Pakistans
stall at Peshawar
Mr. Adeel Zeb Khan receiving Institutes participation plaque from Sardar
Mehtab Ahmed Khan Abbasi, Governor KPK
Hyderabad
Annual Book Fair and Education Expo
Hyderabad | May 21, 2015
A 3-day Annual Book Fair and Education Expo was organized from May 21 to 23, 2015 at Hyderabad Gymkhana. The leading book
publishers from Karachi and Hyderabad participated in the book fair and offered considerable discount on purchase of books. Further
leading Educational Institutes, Universities, colleges and schools participated in the Education Expo. The event with a combination of
Book Fair and Education Expo was unique and it attracted students as well parents. The students in particular and other visitors in
general were apprised about Cost and Management Accounting profession and the Institute. The students enquired about admissions,
exemptions, entry streams and commencement of sessions.
May 2015
www.icmap.com.pk
15
Membership
Induction of New Fellows and Associate Members
New Associate Members
New Fellow Members

Sr.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
Name
M/Ship No.
Syed Owais Wasti

Riasat Ali Tiwana
Muhammad Tanweer
Mohsan Atta
Omar Saeed
Kashan Samuel
Muhammad Aatif
Shahab Uddin
Muhdassir Saleem
M. Khalil-ur- Rehman
Abaid-ur-Rehman
Fareed Sherali Panjwani
Atiq
Muhammad Faraz
F-1680
F-1681
F-1682
F-1683
F-1684
F-1685
F-1686
F-1687
F-1688
F-1689
F-1690
F-1691
F-1692
F-1693
Sr.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
Name
M/Ship No.
Mr. Abid Mehmood

Muhammad Yasir Khan
Faisal Ahmed Khan
Faiza Tabussam
Arish Javaid
Riasat Ali
Tahir Manzoor
Yaser Bashir
Niaz Ali
Muhammad Zeeshan Haider
Muhammad Amir Ilyas
Junaid Iqbal
Muhammad Imran Nazir
Muhammad Ahmad Hanif
Madah Hussain
Tariq Mahmood
Muhammad Tariq
Muhammad Abubakr Saleem
A-6032
A-6033
A-6034
A-6035
A-6036
A-6037
A-6038
A-6039
A-6040
A-6041
A-6042
A-6043
A-6044
A-6045
A-6046
A-6047
A-6048
A-6049
Examinations
Result 2015 Professional Competence Level Examination 01 Result CMA Final Completed
Sr.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
Registration No.
00911916
00931831
00950749
20020812
20031924
20040141
20041127
20060399
20060402
20070451
20081209
20081648
20100058
20100457
20100490
20101036
20110161
20110959
20000011
20060750
20070130
20100704
20111017
Name
Amin Noorali Ebrahim
Mohammad Ilyas
Rizwan Ali Zeb
Kiran Hassan
Muhammad Ovais Arif
Mirza Ishaq Baig
Muhammad Ali
Farhan Ullah Khan
Muhammad Saad Nasir
Khalid Ashraf
Muhammad Salman Baig
Shamsa Jabeen
Saher Shafiq
Talha Zia
Muhammad Mohsin Sadiq
Aamir Farooqi
Muhammad Usman Mughal
Walled Bin Amin Khan
Fareed Ahmed
Aneela Asif
Usman Razzaq
Beenish Hameed
Farooq Ahmed
Roll No.
Centre
1002
1003
1004
1009
1010
1012
1014
1020
1021
1027
1030
1031
1032
1038
1039
1041
1043
1046
1061
1107
1112
1131
1141
Karachi
Karachi
Karachi
Karachi
Karachi
Karachi
Karachi
Karachi
Karachi
Karachi
Karachi
Karachi
Karachi
Karachi
Karachi
Karachi
Karachi
Karachi
Karachi
Islamabad
Islamabad
Islamabad
Islamabad
May 2015
www.icmap.com.pk
16
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
20111639
20122638
20050909
20100991
20110108
20100439
20110227
00941002
20001021
20012214
20021405
20051214
20061520
20070908
20081246
20081934
20081975
20090465
20090605
20090906
20091655
20100268
20100514
20110714
20110715
20110818
20111214
20091014
20070512
Ameer Hamza
Ifrah Jamil
Muhammad Hasham
Rabia Bashir
Asia Fiyaz
Abdul Qadeer Farooq
TanvirSajid
Muhammad Zulfiqar Khan
Muhammad Zahid Latif
Tahir Amin
Iftikhar Ahmad
Muhammad Jawad Aslam
Shahzad Hussain
Maria Mustaffa
Muhammad Imran Bhutta
Syed Mudassar Abbas Naqvi
Zain Assad
Abdul Wahab
Ahmad Naeem Butt
Maryam Iqbal
Aqib Hussain
Muhammad Anas Hassan
Ashfaq Mansha
Talha Zafar
Muhammad Umair Sheikh
Muhammad Yasin
Muhammad Shazib Nawaz Ahmed
Ali Raza
Hafiz Anis Ur Rehman Shamsi
1145
1149
2106
2119
2121
3105
3106
4103
4107
4109
4110
4115
4119
4121
4125
4127
4128
4129
4130
4131
4134
4137
4138
4147
4148
4151
4152
5102
5103
Islamabad
Islamabad
Multan
Multan
Multan
Faisalabad
Faisalabad
Lahore
Lahore
Lahore
Lahore
Lahore
Lahore
Lahore
Lahore
Lahore
Lahore
Lahore
Lahore
Lahore
Lahore
Lahore
Lahore
Lahore
Lahore
Lahore
Lahore
Dubai (U.A.E)
Dubai (U.A.E)
Practice Development
Certificate of Practices
Renewal of Certificate of Practice (RCOPs):
Sr.
1
M/ship No.
F-562
Name
Mohammad Ashraf Khan
Issuance of New Certificate of Practice (COPs)

Sr.
1
2
M/ship No.
Name
F-612
A-4416
Munawar Hussain
Majid Iqbal Mallick
President ICMA Pakistan nominated as Member of FBR Committee on Broadening of Tax Base
The Federal Minister for Finance, Revenue, Economic Affair, Statistics and Privatization has constituted a committee on Broadening
of Tax Base vide FBR letter No F.4 (4) DS (IERU- I)/ 2015 dated 16th May, 2015. It is matter of great pleasure that, President ICMAP
has been nominated as Member of the said Committee. Following is the scope of the Committee for Broadening of Tax Base:
a.
b.
c.
d.
e.
f.
Review and rationalization of direct and indirect taxes with a view to broadening the net.
To recommend and discuss new tax measures.
To provide input on different tax policy issues enabling the Government to adopt a pluralistic view representing divergent
interest group, and at the same time enhance tax revenues.
To deliberate upon and suggest measures for extending tax net.
To propose legislation which would minimize opposition and increase compliance to law.
Assist in any other task assigned by the Finance Minister.
Worthy members are requested to forward their suggestions on Broadening of Tax Base at tariq.kamboh@icmap.com.pk for
compilation and submitting to the committee.
May 2015
www.icmap.com.pk
17
Corporate Relations & Communication

The CR&C Department, South Region materialized following Placements & Internships in the month of May 2015:
Placements
Sr.
Name of Member /
Membership /
Student
Registration
Title of New Job
Employer's Designation
Name of New Org.
New Org.
No.
1
Abdul Jabbar
20100367
Junior Officer
Senior Manager Finance
State Bank of Pakistan
Adil Abdullah
20122215
Trainee Customer Officer
Human Resource Officer
Bankislami Pakistan Limited
Aqsa Ghazal
20112284
Management Trainee Officer
Asstt. Director T&DD/SBP-BSC
Martin Daw Limited
Ayaz Ali Korkani
20100079
Hafiz M. Haris Hayat
20133941
Junior Officer
Human Resource Manager
Burj Bank Limited
Hafiz Muhammad Saad
20132709
HR Analyst
Ilahi Bux Salimee
20101086
Assistant Accountant
Manager Finance
Icon Securities (Pvt) Limited
Imran Khan
20110172
Not-Disclosed
Seham Printer (Pvt) Limited
Iqlal Hussain
20131976
Audit Officer
10
Irfan Hussain
20060939
Finance Executive
Group Head of Finance
Procter & Gamble Pak (Pvt) Ltd.
11
Jawad Ali Memon
20070779
Assistant Manager Finance
Chief Operating Officer (COO)
Naveena Group
12
KaleemullahBaig
20121293
13
Kashif Ali Rajput
20070865
Accountant
Manager Finance
S. S. Corporation (Pvt.) Limited,
14
Mohib Ali Jamshed
20141116
15
Muhammad Abdul Ghafoor
20021099
Accounts Officer
Manager Finance
Reliance Securities (Pvt) Limited
16
Muhammad Junaid Yaqoob
20062124
Accounts Officer
Dy. Manager HR
Umar Spinning Mills
17
Muhammad Sajid
A-5475
Manager Supply Chain
Team Leader HRD
Tabba Heart Institute
18
Muhammad Usman Mughal
20110161
Internal Audit Officer
General Manager HR
Soorty Enterprises
19
Muhammad Zubair Dahi
20110135
Finance Executive
Asst. Manager HR
Bandhani Group of Companies
20
Musfar Khalid
20100228
Assistant Manager - Taxation
Financial Control Department

21
Muzamil Hussain
20090033
Siemens Pakistan Engineering

Company Limited
22
Rimsha Arif
20131739
Asstt. Director T&DD/SBP-BSC
23
Rizwan Ali Zeb
00950749
Manager Accounts
Team Leader HRD
International Multi Group
24
Syed Mustafa Adeel Bukhari
20100787
Dy. Manager HR
Khawaja & Sons
25
Urooj Shujaat
20123918
Not-Disclosed
Martin Daw Limited
Internships
Sr.
Name of Member /
Student
Registration
No.
Title of
New Job
Employer's Designation
New Org.
Name of New Org.
Bilal Ahmed
20122075
Intern
Not-Disclosed
Express Media Group
Waleed Sayeed
20130228
Intern
Manager Accounts
Express Group
Muhammad Tabish Siddiqui
20122316
Intern
General Manager Finance
Meezan Bank Limited
Mazharul Haq
20100738
Intern
General Manager Finance
Meezan Bank Limited
Muhammad Osama Tahir
20123940
Intern
Deputy Manager Human Resources
Indus Hospital
Muhammad Hamza Tahir
20123941
Intern
Senior Manager
Indus Hospital
Subhan Zaheer
20122029
Intern
Reliance Securities (Pvt) Limited
May 2015
www.icmap.com.pk
18
Ufra Shamim
20130277
Intern
Deputy Manager Human Resources
Siemens Pakistan Engineering Company Ltd.
Muhammad Noor Alam
20132075
Intern
Manager Finance
10
Hafiz Imran Marghoob
20123787
Intern
Assistant Director T&DD / SBP-BSC
11
Muhammad Daniyal Hanif
20120041
Intern
Assistant Director T&DD / SBP-BSC
12
Ilma Mushtaq
20124057
Intern
13
Muhammad Hammad Zafar
20122186
Intern
14
Fareeha Nazar
20121995
Intern
Manager Finance
Pakistan Insulations (Pvt.) Ltd
15
Muhammad Osama Khan
20122170
Intern
Accountant
Ghazi Brothers
Walk-in Test / Interviews sessions

The CR&C Department, South Region arranged the following Walk-in Test/Interview sessions during in the month of May 2015:
Sr.
Organization
Date
Interview Venue
Position for
Siemens Pakistan Engineering Company Limited
11-May-15
Organization Premises
Interns
Badar Expo
26-May-15
Accountant, Assistant Accountant & Internship
Premier Groups of Companies
28-May-15
Accounts Office, Audit Officer & Tax Officer
Karachi Medical Centre
28-May-15
Accounts Officer & Assistant Accountant
Other News
Email ID for Suggestions
To facilitate members and students to share their suggestions for improvement of the Institute and its systems including any prudent
ideas about image building of the profession, a new email ID suggestions@icmap.com.pk has be created. The main stakeholders are
requested to send their suggestions on the specified ID instead of sending it to social media or any other destination which may not
help in achieving their objectives.
Obituary
Mr. Mohammad Sarwar, F-202 died in the month of May 2015. He completed his studies in 1970 under registration
no. 00007233 and was admitted to Associate Membership in November, 1974. He became a Fellow Member of the
Institute in September, 1980
Articles Published by Council Members

In the month under review, two articles written by President and Vice President were published in the newspapers.
The Presidents article was focused on measures for countrys Federal Budget. It emphasized the areas that were supposed to be
considered by the government while making Federal Budget. He made a point that taxing the rich landlords has almost attained the
level of a clich. Anybody walking on the street if asked about tax reforms would surely talk about taxing the agriculture income and
the feudal. The problem lies in the willingness of the federal and provisional governments to lay their hands on the high and mighty.
The article was published with the title, National Budget Considerations on May 10, 2015 in the Daily Business Recorder.
The Vice Presidents article highlighted the gap to improve audit in Pakistan. The article emphasized that a strong audit and regulatory
mechanism is source of satisfaction and confidence for private investors and is only safety valve available in public investment. The
present era of opportunity and risk has enhanced the responsibility and spectrum of audit. It is not restricted to financial statements,
physical verification, stocktaking and compliance of so-called regulatory requirements. The article was published with the title,
Widen the Spectrum of Audit on May 4, 2015 in Daily Dawn.
The articles are reproduced for members information at large.
May 2015
www.icmap.com.pk
19
Presidents Article on
National Budget Considerations
Vice Presidents Article on

Widen the Spectrum of Audit
--------------------------------------------------- End ---------------------------------------------------
May 2015
www.icmap.com.pk
20

Icmap Newsletter May 2015

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Icmap Newsletter May 2015

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Chief Editors Message

I am delighted to present the May 2015 issue of e-Newsletter

Mohammad Iqbal Ghori, FCMA

Institute of Cost and Management Accountants of Pakistan

Newsletter Volume 11.2

The National CPD, Seminars & Conferences Committee of ICMA

Mr. Tophoff in his address spoke about arising global concerns

Seminar on Global Corporate Governance

Speakers are sitting on the stage during Seminar on

The participants of the Seminar on Global Corporate Governance

Corporate Membership of Royal Palm Golf & Country Club, Lahore

The Institute of Cost and Management Accountants of Pakistan

Institute of Cost and Management Accountants of Pakistan

Newsletter Volume 11.2

Mr. Kashif Mateen Ansari, President ICMA Pakistan and

Directors Training Program (9th Batch)

Institute of Cost and Management Accountants of Pakistan

Newsletter Volume 11.2

Mr. Abdul Rahim Suriya, FCMA, FCA

Mr. Shahid Zaki, MBA, MSEE, BSEE

Mr. Nazir Ahmad Shaheen, FCMA

Mr. Amar Naseer, CPA (USA), FCA, LLM

Mr. Saeed A. Sheikh, FCMA

Following is list of participants:

Mr. Nazir Ahmed Shaheen, Trainer receiving

Mr. Amar Naseer, Trainer receiving plaque from

Mr. Abdul Rahim Suriya, Trainer receiving plaque

Mr. Shahid Zaki, Trainer receiving plaque from Mr.

Mr. Saeed A. Sheikh, Trainer receiving plaque

Newsletter Volume 11.2

The participants of 9th Batch of Directors Training Program in a group photo.

Mr. Qaiser Mufti, Former Vice President ICMA Pakistan

Corporate Networking Reception on Management Accountants' Day

Mr. Kashif Mateen Ansari, President ICMA

Mr. Brian Heath, the US Counsel General,

Khawaja Ehrar ul Hasan, Honorary Secretary

Mr. Khalil Ahmed, Director

Institute of Cost and Management Accountants of Pakistan

Newsletter Volume 11.2

Mr. Saeed Allawala, Chairman Pakistan Pharmaceutical

19. Syed Farrukh Mazhar, MD SGS Pakistan Pvt. Ltd.

ICMA Pakistans 64th Anniversary

Ceremony is underway at Head Office, Karachi

Institute of Cost and Management Accountants of Pakistan

Newsletter Volume 11.2

The ceremony at Lahore was celebrated

At Islamabad Mr. Ghulam Mustafa Qazi,

In Faisalabad, Mr. Mohammad Iqbal Ghori, FCMA

In Multan, Chief Guest was Ch. Zulfiqar Ali

In Hyderabad, Mr.Rashid, Member addressing

Meeting with Chairman National Management Consultants

Institute of Cost and Management Accountants of Pakistan

Newsletter Volume 11.2

Webinar Professional Accountants in Business

The National CPD, Seminars

Inclusion of Management Accounting for HECs Foreign Scholarship

The HEC letter mentioning inclusion of knowledge

Top CPD Earners

Institute of Cost and Management Accountants of Pakistan

Newsletter Volume 11.2

Institute of Cost and Management Accountants of Pakistan

Newsletter Volume 11.2

Corporate Meetings and Dignitaries Visit

Dr. Najam, Manager Corporate Relations, Dr. Essas