www.icmap.com.pk January 2019 I Vol: 19.

A Memoir of Institute’s activities and programs for professional development and corporate networking

Inside this issue Dear Members,

President’s meeting with Chairman, SECP 01
Pursuing collaboration with CPA Canada 02 I am pleased to present the first issue of 2019. The
Seminar on ‘Survival of the Fittest’ – Karachi 02 new year always begins with new hopes and
Workshop on ‘Continuous Learning’ – Karachi 02 aspirations. These hopes mostly depends much on
Seminar on ‘Immigration to Australia/Canada – Karachi 03 our endeavors and our commitment to achieve
Career Counseling Sessions - Hyderabad 03 more goals and excel in our fields and profession.
Session on ‘Travel Guide from Student to Manager’ - Lahore 04 The Institute under the present leadership have a
Career Counseling Session - Lahore 04 clear vision to further consolidate the roots of the
Seminar on ‘Effective Study and Examination Techniques’ 04
profession in the country and explore more avenues
Career Counseling Seminars – Lahore 05
Seminar on ‘CPEC is a Myth or Reality’ - Lahore 05
for our members. I hope that this year would be
Session on ‘Effective Business Communication’ - Lahore 06
quite productive and we must get ready to reap
Students Cricket Gala-2019 - Lahore 06 the benefits of endeavors made during last year.
Certificate Distribution Ceremony of SAP S/4HANA - Lahore 07
The newsletter, as you all know, provide a brief summary of events and
Students ‘Final Round of Cricket Gala-2019’ - Lahore 07
Seminar on ‘Finance Supplementary Bill, 2019’ 08
programs that are organized nation-wide by our Centres, Campuses and
Workshop on ‘Tools and Tech. for Financial Modeling Excel’ 08 Branch Councils in addition to news about activities of our Directorates. It
Workshop on ‘HONEYCOMBERP’ – Islamabad 09 is good to see that in the areas of education, career counselling sessions,
Career Counseling Seminars - Islamabad 09 corporate trainings, research and publications, examinations, job placements
Workshop on ‘Advance Excel 2016’ - Islamabad 09 etc., lot of activities are ongoing under the policy direction of the relevant
Seminar on ‘Stress Mgt. and Happiness’ – Faisalabad 10 National Council’s Committees.
Career Counseling Seminars - Peshawar 10
Meetings with Heads of Colleges - Peshawar 11 Being the Chairman of Research and Publications Committee, I am really
Directorates’ Activities proud to announce that under the aegis of our Committee we are soon going
ED Secretariat 11 to launch the first issue of ‘Future CMAs’ – the students online magazine. I
Members Prof. Development & Corp. Trainings (MPD&CT) 12-15 had pointed out about the initial efforts made in this regard in my message
Marketing and Communication (MARCOM) 16 of last month’s newsletter. I hope that this would be well-appreciated by the
Examination 16 members as our students publication society, duly supported by the R&P
Research & Publications (R&P) 17 Directorate, have worked very hard for this magazine.
Technical Support & Practice Development (TSPD) 18-20
Library 21-22 Have a nice reading of this e-Newsletter and do share with us your valuable
Meetings of the Institute 22 suggestions on [email protected]
National Council Muhammad Yasin, FCMA
Office Bearers Chairman, Research and Publications Committee
Zia ul Mustafa, FCMA, President
Abdul Wasey Khan, FCMA, Vice President
Shehzad Ahmed Malik, FCMA, Honorary Secretary
Muhammad Yasin, FCMA, Honorary Treasurer

Members
Feature News
Mohammad Iqbal Ghori, FCMA
Abid Lateef Lodhi, FCMA
President’s meeting with Chairman, SECP
Ather Saleem Ch, FCMA Islamabad| January 16, 2019
Ghulam Mustafa, FCMA
Mr. Zia ul Mustafa, President
Government Nominees ICMA Pakistan held a meeting
Sumaira K. Aslam, Ministry of Finance with Mr. Farrukh H. Sabzwari,
Irshad Ahmed Kaleemi, Deputy Auditor General (Policy) Chairman Securities and
Jameel Ahmad, Deputy Governor, SBP Exchange Commission of
Tahir Mahmood, FCMA, Commissioner, SECP
Pakistan (SECP) on January 16,
Research & Publications Committee 2019 at SECP office Islamabad.
The meeting was quite
Mohammad Yasin, FCMA
Salman Masood, FCMA productive during which the
Rashid Mehmood, FCMA President ICMA Pakistan raised
Salman Haider, FCMA the issue of enhanced audit
Muhammad Azhar Khan, FCMA rights for CMAs. The Chairman
Syed Mubashir Ali, FCMA
SECP assured cooperation to
Danish Naeem, FCMA
Muhammad Shahid, FCMA consider the issue favorably. This meeting was in follow-up to the meeting
Sohail Anjum, ACMA held by the President ICMA Pakistan with Mr. Shaukat Hussain, former
Saqib Masood ACMA Chairman SECP on May 29, 2018.
Muhammad Shoaib, ACMA
CHIEF EDITOR EDITOR
Editorial Board Muhammad Yasin, FCMA Shahid Anwar, Director
Chairman, Research & Publications Committee Research & Publications Email: [email protected]
 Vol: 19.1 I Jan 2019

Pursuing collaboration with CPA Canada

Islamabad | January 16, 2019
Mr. Zia ul Mustafa, President ICMA Pakistan held a meeting with Ms.
Margaux McDonald's, Senior Trade Commissioner at Canadian High
Commission office, Islamabad to discuss matters relating to Mutual
Recognition Agreement (MRA) with CPA Canada as well as collaborations
with the academic institutions in Canada.

Campus & Branch Activities

KARACHI
Seminar on ‘Survival of the Fittest’
Karachi | January 19, 2019

The Karachi Branch Council (KBC) organized a Seminar on the topic of ‘Survival of the Fittest’ on January 19, 2019 at
Karachi. Mr. Masoud Ali Khan, FCMA was the lead Speaker, having an excellent track record of conducting human capital
development programs. The objective of the seminar was to provide an insight to members and others professionals
on the skills and traits which can enable them to stand out in the crowd. Mr. Noman Bombaywala, Chairman KBC
presented the vote of thanks. Around 75 participants’ including members, students and officials of various companies
attended the seminar and awarded 02 CPD hours.

Workshop on ‘Continuous Learning’

Karachi | January 12, 2019

Karachi Branch Council (KBC) organized a workshop on ‘Continuous Learning’ on January 12, 2019 at Karachi. Mr. Umair
Jaliawala,a prominent trainer on Leadership, Enterprise and Technology (LET) was the lead trainer. The objectives of
workshop were personal development; leadership and interpersonal skills; negotiation skills; conflict management
techniques; influencing skills and team building.
The workshop was also participated by Mr. Jawed Mansha, former Council member, ICMA Pakistan, Mr. Noman
Bombaywala, Chairman KBC; Mr. Baber Saleem, Vice Chairman KBC, Mr. Shaham Ahmed, Chairman CPD Committee,
KBC, Mr. Muhammad Akmal, Member KBC and Mr. Muhammad Azeem, ACMA. Around 130 participants, including
members, students and officials of various companies attended the workshop.

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Seminar on ‘Immigration to Australia/Canada and study abroad’

Karachi | January 26, 2019

Karachi Branch Council (KBC) organized a Seminar on ‘Immigration to Australia/Canada and study abroad’ on January
26, 2019 at Karachi. Mr. Aftab Syed, Founder, CEO of EINiT was the main speaker. The objective of the seminar was to
provide knowledge of migration process to Australia and Canada. The speaker briefed the participants about the
Permanent Residency process and eligibility criteria for migration to these countries along with families. Mr. Noman
Bombaywala, Chairman KBC; Mr. Shaham Ahmed, Chairman CPD Committee and Mr. Muhammad Akmal, Chairman,
Members’ Welfare and Coordination Committee were present. Around 140 participants’ including members, qualified
and students of ICMA Pakistan were attended.

HYDERABAD

Career Counseling Sessions

Hyderabad| January 09 to 31, 2019

Mr. Muhammad Hussain Ajmeri, Deputy Director Hyderabad Campus conducted thirty two (32) career counseling
sessions at twenty seven (27) different colleges of Hyderabad and Interior Sindh from January 9 to 31, 2019.

The colleges visited included Excellence Boys College; Bahria Foundation College (Boys); The Smart College; Saifee
College; TABS Boys College; Pakistan Pilot College; Quaid-e-Azam Rangers Public School & College and The Leeds College
at Latifabad. F.G Degree College; Saifee College; GBHSS Ghulam Hussain Hidayatullah; Govt. Sindh College of Commerce;
Army Public School & College at City; Spark School & College; Creative Kids School & College; Dr. Shamsuddin Ursani
Girls Science College and Phoenix School & College; Bahria Foundation College at Qasimabad. Bahria Foundation College
Tando Muhammad Khan; SZABIST Intermediate College Tando Muhammad Khan; Aqsa Public Higher Secondary School
Tando Allahyar; The Foundation High School Tando Allahyar; Govt. Girls College Tando Adam; Govt. New Aligarh
Boys College Tando Adam; Workers Intermediate College for Boys Kotri and Workers Intermediate College for Girls Kotri
at Interior. The purpose was to raise awareness about ICMA Pakistan, its careers opportunities, entry routes and
admission criteria. The seminars were exclusively conducted for currently enrolled Intermediate and A-Level students
with prior appointments from principals. The seminars were attended by numerous students, teachers and active
educationists. An interactive Q&A session was held in each college where student’s queries were explained in detail.

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LAHORE

Session on ‘Travel Guide from Student to Manager’

Lahore | January 01, 2019

Lahore Branch Council (LBC) organized a Session on ‘Travel Guide from Student to Manager’on January 01, 2019 at
Lahore. Syed Ali Asjad Rizvi, Chairman LBC was the Chief Guest. Mr. Muhammad Yasin, Secretary CPD Committee, LBC
was Master of Ceremony. Mr. Zafar A. Taji,a certified practitioner from Mentoring University, USA was the lead trainer.
He provided useful guidance to participants on how to make their professional career successful by inculcating the
required skills and capabilities. A large number of students and members of ICMA Pakistan attended. The chief guest,
Syed Ali Asjad Rizvi, Chairman LBC and Muhammad Yasin, Secretary CPD Committee LBC jointly presented a shield to
the trainer.

Career Counseling Session

Lahore | January 17, 2019

An in-house career counseling session was organized by the Admission team of Lahore Campus on January 17, 2019
at Lahore campus. Mr. Muhammad Sarfraz, Joint Director (campus management) shared his success story and real
world experiences with the students and Ms. Somia Ishaq, Senior Officer made a presentation on CMA qualification.
Participants learned about difference between academic and professional qualification; scope of accounting and finance
or business studies; career options at national and international level and myths andrealities of CMA qualification.
Seminar was attended by intermediate, graduates and masters students from different institutions of Lahore.

Seminar on Effective Study and Examination Techniques

Lahore | January 16, 2019

An In-House Session conducted by Mr. Muhammad Sarfraz Ahmed, Joint Director Campus Management of Lahore
Campus on ‘Effective Study and Examination Techniques’ on January 16, 2019 at Lahore. The major objective of this
session was to equip the students with different examination tricks and techniques, time and stress management while
preparing and attempting the papers.

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Career Counseling Seminars

Lahore | January 29 & 30, 2019

Admission department of Lahore campus organized career counseling seminars on January 29 &30, 2019 at Govt.
College of Commerce Sheikhupura for B.COM and I.COM Students. Mr. Sarfraz Ahmed, Joint Director (campus
management) of Lahore interacted with the audience and influenced them to pursue CMA qualification as a
career of choice. Ms. Somia Ishaq, Senior Officer also presented a technical session on CMA route map.
Mr. Mahad Baig, Dean of Govt. College of Commerce and Mr. Sana Ullah, Principal Govt. PGCC were also present.

Seminar on ‘CPEC is a Myth or Reality’

Lahore | January 08, 2019

Lahore Branch Council (LBC) organized a seminar on the topic of ‘CPEC is a Myth or Reality’ January 08, 2019, at Lahore.
Mr. Zia ul Mustafa, President ICMA Pakistan was the Chief Guest whereas Mr. Muhammad Yasin, Honorary Treasurer,
ICMA Pakistan was the Guest of Honor. Dr. Xiaoqing Xie, Associate Professor, School of Public Administration (SPA) and
Director of China-Pakistan Economic Corridor (CPEC) Research Centre, Peoples’ Republic of China was the lead speaker
at the seminar who shared the importance as well as myth and reality of China Pakistan Economic Corridor (CPEC) for
the betterment and economic development of Pakistan.
Syed Ali Asjad Rizvi, Chairman LBC; Mr. Muhammad Yasin, Secretary CPD Committee, LBC; Mr. Abdul Razzaq; Mr. Najaf
Abbas Zaidi, Members LBC; Mr. Hamid Zahoor FCMA and Mr. Rashid Mahmood FCMA were also present. A large number
of members and newly qualified CMAs, Students attended the seminar.

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Session on ‘Effective Business Communication’

Lahore | January 16, 2019

Lahore Branch Council (LBC) in collaboration with Pitman Training organized a session on ‘Effective Business
Communication’on January 16, 2019 at Lahore. Mr. Muhammad Yasin, Honorary Treasurer, ICMA Pakistan was the
Chief Guest. Mr. Dawood Hussain, Managing Director, Pitman Training was the trainer and Ms. Iqra Aleem, co-trainer
shared their practical experience tips and techniques how to get success through business communication. Through
this session participant improve written and verbal communication, identify communication tone, making presentation
and identify barrier and forms of communication.
Mr. Awais Yasin, Chairman CPD Committee, LBC; Mr. Sarfraz Ahmad, Joint Director Lahore Campus; Mr. Salman Haider
and Mr. Najaf Abbas Zaidi members LBC; Mr. Hamid Zahoor FCMA; Mr. Rashid Mahmood FCMA; Mr. Anus Maqbool
ACMA; Mr. Shahzad Khan FCMA and Ms. Sadia Tariq ACMA were also present. A large number of members and newly
qualified CMAs, students and staff attended the session.

Students Cricket Gala-2019

Lahore | January 05, 2019

The Students Affairs Committee of Lahore Branch Council (LBC) organized ‘Cricket Gala-2019’ January 05, 2019, at PHA-
Cricket Stadium Sabzazar, Lahore Mr. Najaf Abbas Zaidi, Chairman Students Affairs Committee LBC was the Chief Guest
on the occasion.
Mr. Anus Maqbool, Secretary Students Affairs Committee, LBC; Mr. Sarfraz Ahmad, Joint Director (campus management)
Lahore; Mr. Habib-ullah Shami, event organizer; Mr. Waqar Ashraf ACMA; Mr. Hamid Mahmood Khan ACMA; Mr.
Muhammad Shabir ACMA; Mr. Ashfaq Mansha ACMA were also present. A large number of Students, qualified CMAs,
members participated.

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Certificate Distribution Ceremony of ‘SAP S/4HANA’

Lahore | January 17, 2019

Lahore Branch Council (LBC) in collaboration with Digital Transformation Solution (DTS) organizeda certificate distribution
ceremony of SAP Consultant Training on January 17, 2019 at Lahore.
Mr. Muhammad Yasin, Honorary Treasurer was the Chief Guest who also shared his views with the participants. Mr.
Muhammad Sarfraz Ahmed, Joint Director Campus Management of Lahore Campus; Mr. Babar Hussain, Managing
Director, DTS Consultant and Mr. Waleed Imtiaz Mirza, Trainer SAP, DTS Consultant was also present at the closing
ceremony. In the end the Chief Guest Mr. Muhammad Yasin, Honorary Treasurer awarded SAP certificates to all
participants and Shield was also presented to Mr. Waleed, Trainer.

Students ‘Final Round of Cricket Gala-2019’

Lahore | January 19, 2019

The Students Affairs Committee of Lahore Branch Council, ICMA Pakistan organized “Final Round of Students Cricket
Gala-2019” held on Saturday, January 19, 2019 at PHA-Cricket Stadium Sabzazar, Near Liaqat Chowk, Lahore from 9:00
am to 5:00 pm. A large number of Students, Qualified CMAs/Membersof ICMA Pakistan Lahore Campus (about 75+)
participated in this Final Cricket round and 5-Teams were allocated for the match namely Jangoos, Black Hawks, Hitlers
Eleven, CMA Lions & Jungju11, etc.
Mr. Najaf Abbas Zaidi ACMA, Chairman Students Affairs Committee, LBC, Mr. Abdul Razzaq FCMA, Member (LBC), Mr.
Anus Maqbool ACMA, Secretary Students Affairs Committee, LBC, Mr. Zeeshan Khan ACMA (Member Students Affair
Committee, LBC), Mr. Hamid Mahmood Khan ACMA, Mr. Mohsin Raza ACMA, Mr. Sarfraz Ahmad ACMA, Joint Director
(campus management) Lahore and Mr. Habib-ullah Shami Event organizer was also present and see the live performance
of cricket gala.
Min. 5-over were fixed to each team, the Jangoos was the Winner of this final match and the Back Hawks was the
runner-up team. Lunch boxes were distributed to all the participants/students available in the ground.
In the end, the Trophies were awarded to the Winner Team Jangoos and Runner-up Team Black Hawks by the Chief
Guest Mr. Zia ul Mustafa Awan FCMA, President ICMA Pakistan and Guest of Honour Mr. Muhammad Yasin FCMA, Hon.
Treasurer ICMA Pakistan. Mr. Najaf Abbas Zaidi ACMA, Chairman Students Affair Committee, LBC and Joint Director,
ICMA Pakistan Lahore Mr. Sarfraz Ahmad ACMA; was also present and watch live final round.

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Seminar on ‘Finance Supplementary (Second Amendment) Bill, 2019’

Lahore | January 26, 2019

The TSPD and CPD Committees of Lahore Branch Council (LBC) organized a Technical Seminar on ‘Finance Supplementary
(Second Amendment) Bill, 2019 on January 26, 2019 at Lahore.Mr. Muhammad Yasin, Honorary Treasurer,ICMA Pakistan
was the Chief Guest and Mr. Muhammad Yasin, Secretary CPD Committee, LBC was the master of ceremony.
The main speakers were Mr. Nadeem Butt CEO, Nadeem & Co. and Chairman LTBA Tax Advisory Academy; Mr. Aamir
Younas, Partner TAX (EY Ford Rhodes Chartered Accountant) and Mr. Zahid Mahmood, Director Taxes, NTDC WAPDA.
They explained the different aspects of Finance Supplementary (Second Amendment) Bill, 2019 and replied to questions
raised by the participants. Mr. Ghulam Abbas, Chairman MARCOM Committee; Mr. Najaf Abbas Zaidi,member, LBC;
Mr. Hamid Zahoor; Mr. Rashid Mahmood; Mirza Munawar Hussain;Mr. Ahmad Ashraf and Mr. Arshad Bashir, members
of ICMA Pakistan were also present at the seminar.

Workshop on ‘Tools and Techniques for Financial Modeling Excel’

Lahore | January 28, 2019

The Lahore Branch Council (LBC) organized a 6-days workshop, consisting of 8-modules,on ‘Tools and Techniques for
Financial Modeling Excel’on Jan 28, Jan 30, Feb 02, 04 & 06, 2019 at ICMA Pakistan centre Lahore.Syed Ali Asjad Rizvi
was the lead trainer, having over 20-years of diversified industry experience and command in the areas of system
analysis and design, MS Excel and DBS including ERP’s.
The workshop was attended by 28-participants who were 18-CPD Hours.Mr. Awais Yasin, Chairman CPD Committee,
LBC and Mr. Sarfraz Ahmad, Joint Director (campus management) Lahore were also present................................

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ISLAMABAD

Workshop on ‘HONEYCOMBERP’
Islamabad | January 26 & 27, 2019

Islamabad Branch Council (IBC) in association with Digital Auditing, Advisory and Consulting Services Pvt. Ltd.(DAACS)
Academy organized a training workshop on ‘HONEYCOMB ERP’ on January 26 and 27, 2019 at Islamabad. The trainers
include Mr. Hashir Jan, CEO, DRL; Mr. Tahir Iqbal, CEO, DAACS; Mr. Rehan Ahmed, ACMA and Mr. Imran Hafeez Butt,
ACMA. The trainer provided knowledge to participants about the seamless integration of the modules of Supply Chain
Management, Manufacturing, Customers Relationship Management (CRM), Human Resource Management (HRM),
Accounting /Financial Management and tax Management. The workshop aimed at helping the finance professionals
to become smart workers and enhance their productivity, efficiency and job enrichment.....................................
Mr. Shahzad Ahmed Malik, Honorary Secretary; Syed Mubashir Ali, Chairman IBC; Mr. Adil Amin, Secretary IBC and
Mr. Naveed ur Rahman, FCMA were also present. Around 52 participants attended the workshop.....................

Career Counseling Seminars

Islamabad | January 23 to 25, 2019

The Admission Department of Islamabad Campus organized career counseling seminars on January 23, 2019 at Islamabad
Model College for Boys and Jinnah Muslim School & College, Islamabad; on January 24, 2019 at Government institute
of commerce and on January 25, 2019 at Islamabad Model College for Girls, F-8/1. Mr. Ehsan Iftikhar and Ms. Aiza Khan,
Officers education, conducted the seminars and briefed the college students about the scope of CMA qualification. A
large number of students of different disciplines participated in these sessions.

Workshop on ‘Advance Excel 2016’

Islamabad | December 29 & 30, 2019

Islamabad Branch Council (IBC) organized a two days’ workshop on ‘Advance Excel 2016’ on December 29 and 30, 2018
at Islamabad. Mr. Asim Javed was the main trainer at the workshop. He has more than 18 years of experience in financial

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modeling, transaction advisory and infrastructure project financing. The objective of the workshop was to help finance
professionals to become smart workers and enhance their productivity, efficiency and job enrichment. Mr. Adil Ameen,
FCMA, Secretary IBC was the Chief Guest and Mr. Mutee ur Rehman Mirza, former Vice President ICMA Pakistan was
the Guest of Honor. Around 42 participants attended the workshop.

FAISALABAD

Seminar on ‘Stress Management and Happiness’

Faisalabad| January 03, 2019

The CPD Committee of Faisalabad Branch Council (FBC) organized a Seminar on ‘Stress Management and Happiness’on
January 03, 2019 at Faisalabad Campus. Syed Ali Asjad Rizvi, FCMA, Chairman Lahore Branch Council (LBC) and former
president Lahore Toastmasters Club was the lead speaker at the seminar. The objective of seminar was to provide
awareness about how to maintain overall health and tools and techniques to manage and reduce stress in daily life.
Mr. Muhammad Ashfaq Ahmad Naz, FCMA, Chairman Faisalabad Branch Council presented the vote of thanks.
Members and students of ICMA Pakistan and other professionals were present in large number at the seminar.

PESHAWAR

Career Counseling Seminars

Peshawar| January 12, 16, 19, 22 & 23, 2019

Abasyn University, Peshawar Peshawar Public School and College Ansi Degree College Mardan

Brilliant College Mardan City University of Science & Tech. Leeds College Peshawar

The Peshawar Campus organized a series of career counseling seminars on January 12, 2019 at Abasyn University,
Peshawar, on January 16, 2019 at Peshawar Public School and College, on January 19, 2019 at Leeds College, Peshawar,
on January 22, 2019 at Brilliant College, Peshawar and on January 23, 2019 at Ansi degree college, District Mardan.
Mr. Adeel Zeb Khan, Deputy Director/Campus In-charge and Mr. Zulfiqar Ali, Officer Education conducted the seminars
and briefed the students about general career planning and CMA education scheme. The seminars were followed by
questions and answers session. The faculty members and Intermediate and BBA HONS, MBA, and Other Master’s
Program level students were the target audience.Mr. Adeel Zeb Khan, Deputy Director Peshawar Campus conducted
networking meeting with the Head of Department and Dean of Management Sciences of City University of Science and
Technology in Peshawar for mutual collaboration.

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Meetings with Heads of Colleges

Peshawar| January 29, 2019

Govt. College of Management Sciences for Women Government College Peshawar

Mr. Adeel Zeb Khan, Deputy Director Peshawar Campus conducted networking meetings on January 29, 2018 with
Principals of Government College Peshawar and Government College of Management Sciences for Women in Peshawar
for mutual collaboration and conducting awareness sessions.

Directorates’ Activities
ED Secretariat
Executive Director meets new CEO, CDC
Karachi | January 23, 2019

Mr. Aamir Ijaz Khan, Executive Director ICMA Pakistan held a meeting with Mr. Badiuddin Akber, a senior fellow
member of institute on January 23, 2019 at Karachi and congratulated him on his appointment him as new Chief
Executive Officer of Central Depository Company (CDC). He was accompanied by Mr. Muhammad Kamran Allaudin,
Member CPD Committee of ICMA Pakistan. During the meeting Mr. Shariq Naseem Head of Product Development
and Marketing, CDC was also present.

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Members’ Professional Development & Corporate Trainings (MPD&CT)

21st Directors’ Training Programme

Lahore | January 25, 2019

ICMA Pakistan School of Certified Directors is organizing 40-CPD Hours 21st “DIRECTOR’S TRAINING PROGRAMME.”
to guide the business forward – under the listed Companies (Code of Corporate Governance) Regulation 2017 there
is a mandatory requirement all the companies to ensure that by 30th June 2019, at least half (50%) of the directors
on their boards have acquired the prescribed certification under SECP-Approved Directors\ Training Programme. The
SECP has required from listed companies have their board shall have at least one female director when its is next
reconstitution not late than expiry of its current term or within the next one year from the effective date of these
Regulations, whichever is later.Public sector Companies (Corporate Governance) Rules 2013 vide SRO No.275 dated
21 April 2018 focuses on compliance, improving standards & ensuring conformance to good corporate governance
principles in the public sector companies.
ICMA Pakistan organized “21st Directors’ Training Programme” scheduled on Friday/Saturday, 25th-26th Jan. (Session-
I) and 1st – 2nd Feb, 2019 (Session-II)at Royal Palm Lahore from 9:00 am to 5:00 pm (approved by SECP).
A large number of (25+) participant registered their names and some unavoidable circumstances from regulator we
have to shifted DTP Training venue from PC-Hotel to Royal Palm Golf & Country Club, 52-Canal Bank Road.
Mr. Sarfraz Ahmed, Joint Director Campus Management of Lahore, addressed with inaugural session and introduced
the 1st day Trainer– Mr. Ale Imran FCMA, FCA CEO (Ale Imran & Co.). The trainer engaged the participants in difference
technical activities and expressed at length on his core area of Module-1, stated as under:
- HR Management Organizational Values, Succession Planning, Public Procurement Rules
- Corporate Governance Standards and Overview of Pakistan Stock Exchange Regulations

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Job Placements of Members and Students

S No. CMA status Karachi Lahore Islamabad Total
1 Members 3 1 0 4
2 Qualified 4 3 0 7
3 Students Placements 21 6 1 28
4 Students Internships 23 1 0 24
Total 51 11 1 63
Members’ Professional Development & Corporate Training interacts with Corporate Sector organizations on regular
basis from the perspective of networking. Through networking MPD&CT make connections with the corporate world
and it helps in image-building of ICMA Pakistan as networking creates lasting impressions in the minds of people you
meet. Networking is a valuable way to expand your knowledge, learn from the success of others. These activities will
increase Institute’s visibility that will lead to strategic alliances and referrals. Members’ Professional Development &
Corporate Training undertook the following activities in the month of January 2019.

Corporate Meetings
S No. Date Organization Contact Person Designation Region
1 11-Jan-19 Sui Southern Gas Company Limited (SSGC) Muhammad Saleem Chief Internal Auditor Karachi
2 17-Jan-19 BMA Capital Management Limited Zar Badshah VP, HR & Head of Admin Karachi
3 Jan-19 Central Depository Company (CDC) Badiuddin Akber, FCMA Chief Executive Officer Karachi

Walik-in Interview
S No. Date Organization Position Walk-in interview Region
1 15-Jan-19 MCB Islamic Bank Limited Associate HR Financial Services ICMA Pakistan Lahore
2 15-Jan-19 MCB Islamic Bank Limited Internee HR Financial Services ICMA Pakistan Lahore
3 19-Jan-19 Pakitex Boards (Pvt.) Limited. Internships ICMA Pakistan Karachi

Lahore: Mr. Asif Jamil, MCB Islamic Bank Limited Interview Karachi: Written Test & Interview was organised by MPD&CT
with students Department on 19 January, 2019 for Pakitex Boards (Pvt.) Ltd.

Events
S No. Date Description of activity Place Region
1 13-Jan-19 Excel Workshop ICMA Head Office, Seminar Hall Karachi
2 15-Jan-19 Networking Session Gulshan-e-Iqbal ICMA Head Office, Seminar Hall Karachi
3 15-Jan-19 Pakistan Sourcing Summit Beach Luxury Hotel Karachi
4 18-Jan-19 Ceremony of Employer Partner of ICMA Pakistan ICMA Campus Lahore
5 23-Jan-19 Exhibition at Bahauddin Zakaria University Zakaria University Multan

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Career Counseling Sessions

Karachi | January, 2019

Seminar participated Pakistan Sourcing Summit on January Career Counseling Session was arranged by MPD&CT
24, 2019 for networking. Department on January 19, 2019 for the Personal &
Professional Development of students

ICMA Pakistan take part of Exhibition at Bahauddin Zakaria University

Multan | January 23 & 24, 2019

ICMA Pakistan is taking part in a two days Exhibition at Bahauddin Zakaria University on January 23 & 24, 2019 at
Multan organized by Punjab Information Technology Board.

Excel Workshop
Karachi | January 13, 2019

Karachi: Members Professional Development & Corporate Training (MPD&CT) organized a workshop on MS Excel on
January 13, 2019. The purpose of the workshop was to enlighten the participants about basic MS Excel. Mr. Faisal Shafi
was the Trainer at the workshop who is currently working as Head of Internal Audit at Thardeep Microfinance Foundation,
about 15 years’ experience of accounts, finance, internal / external audit. He has conducted number of workshops/
short courses on MS Office particularly MS Excel up to advance level incl. Financial Modeling at ICMAP/ AATI of AGPR/
SZABIST/ Self planned. 50 students attended the workshop.

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MoUs

MoU with ‘The Recruiters’

Karachi | January 05, 2019

ICMA Pakistan has signed a Memorandum of Understanding (MoU) with The Recruiters on January 05, 2019. The
MoU was signed by Mr. Abdul Wasey Khan, Vice President ICMA Pakistan and Mr. Obaidullah Shareef, Chief
Executive Officer of The Recruiters. Under the Corporate Partnership Scheme,The Recruiters will provide training
and placement opportunities to the qualified and existing CMA students.

MoU with ‘Human Capital Optimization Services Pvt. Ltd.’

Karachi | January 05, 2019

ICMA Pakistan has signed a Memorandum of Understanding (MoU) with Human Capital Optimization Services
(Pvt.) Limited on January 05, 2019. The MoU was signed by Mr. Abdul Wasey Khan, Vice President ICMA Pakistan
and Mr. Muhammad Ali, Chief Executive Officer of Human Capital Optimization Services (Pvt.) Limited. Under
the Corporate Partnership Scheme, Human Capital Optimization Services (Pvt.) Limited will provide training and
placement opportunities to the qualified and existing CMA students.

MoU with ‘HR Excellence’

Karachi | January 05, 2019

Karachi: ICMA Pakistan has signed a Memorandum of Understanding (MoU) with HR Excellence on January 05,
2019. The MoU was signed by Mr. Abdul Wasey Khan, Vice President ICMA Pakistan and Mr. Muhammad
Haseeb Yasin, Chief Operating Officer of HR Excellence. Under the Corporate Partnership Scheme, HR
Excellence will provide training and placement opportunities to the qualified and existing CMA students.

January 2019 Page 15

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Marketing and Communication (MARCOM)

MoU with Apna Microfinance Bank Ltd.

Lahore | January 15, 2019

ICMA Pakistan has signed a Memorandum of Understanding (MoU) with Apna Microfinance Bank Limited as part of
its policy to establish corporate relationship for mutual benefit. The MoU was signed by Mr. Zia ul Mustafa, President
ICMA Pakistan and Mr. Muhammad Gulistan Malik, President and CEO, Apna Microfinance Bank Limited on January
5, 2019 at ICMA Pakistan Centre Lahore.
Under the MoU, ICMA Pakistan will be providing training to the Board members, Directors and Executive employees
of Apna Bank as well as providing human resource support for job vacancies in finance, accounting and
managementdepartments. The MoU also includes collaboration in research and infrastructure support for meetings,
events, seminars and conferences.

ICMA Pakistan awards ‘Corporate Partner Status’ to DAACS

Islamabad | January 09, 2019
The Marketing and Communications (MARCOM) Directorate
of ICMA Pakistan organized a ceremony on January 09,
2019 at Islamabad to award ‘Corporate Partner and
Approved Employer’ status to M/s. Digital Audit and
Advisory Consulting Services (DAACS). Mr. Zia-ul-Mustafa,
FCMA presented Certificate to Mr. Tahir Iqbal, CEO of DAACS
in recognition of services provided in arranging training
course on HoneycomERP® for ICMA Pakistan students. The
students who received training from DAACS were also
presented certificates of completion of training course by
President ICMA Pakistan.
The ceremony was also graced by Mr. Shahzad Ahmad Malik, Honorary Secretary ICMA Pakistan; Mr. Adil Ameen,
Secretary and Treasurer, Islamabad Branch Council, Mr. Aamir Ijaz Khan, Executive Director; Mr. Zakir Satti, Director
Islamabad Campus and Ms. Javaria Malik, Director MARCOM.

Examination
In January 2019, the result for Computer Based Examinations (CBE), December 2018 was announced in 06 working
daysfrom its conclusion. Further during the month, the examinees were got enrolled for Institute’s forthcoming Fall
2018 written examinations scheduled from February 18 to 22, 2019 at Karachi, Lahore, Islamabad, Multan, Faisalabad,
Peshawar, Quetta, Hyderabad, Abbottabad, Gujranwala, Gilgit, Sahiwal, Dubai (UAE) and Riyadh (KSA) examination
centers. These examinations will be conducted for all nine (9) applicable courses of Managerial Level-2, Strategic Level-
1 and Strategic Level-2 under Modified Scheme of Study (MSS) 2018.
During the month, the adjourned session of Examination Committee meeting, held on December 29, 2018, was resumed
on January 01, 2019, at Examination Department, Head Office, Karachi, for transacting various activities related to the
conduct of examinations including announcement of CBE, December 2018 result.

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Research & Publications (R&P)

Interview Session with Dr. Ishrat Hussain, Advisor to Prime Minister
Lahore | January 06, 2019
Mr. Muhammad Yasin, Chairman along with Mr. Salman Haider, member
Research and Publications (R&P) Committee held an interview session
on January 06, 2019 at Lahore with Dr. Ishrat Hussain, Advisor to Prime
Minister on Institutional Reforms and Austerity. Ms. Javaria Malik,
Director Marketing and Communication (MARCOM) was also present
and conducted the interview. The March-April 2019 issue of Management
Accountant Journal will cover the exclusive interview of Dr. Ishrat Hussain.
The Chairman R&P Committee also presented to Dr. Ishrat Hussain, a
set of recommendations with title of ‘Priority Action Plan for the New
Government’, developed by the Research and Publications Committee.

Meeting of R&P Team with CEO, PPPA

Islamabad | January 15, 2019
Mr. Muhammad Yasin, Chairman Research and Publications Committee
held a meeting with Mr. Muhammad Tanvir Butt, CEO of Public Private
Partnership Authority (PPPA) on January 15, 2019 at Islamabad in
connection with his exclusive interview for publication in the Management
Accountant Journal (Jan-Feb 2019 issue). He was accompanied by Mr.
Salman Haider and Syed Mubashir Ali, members of R&P Committee.

Meeting of Chairman R&P with Head PPP Cell, Punjab

Lahore | January 22, 2019
Mr. Muhammad Yasin, Chairman, Research & Publications Committee
called upon the Member P&D Board/ Head PPP Cell, Planning &
Development Department, Government of Punjab, Mr. Agha Waqar
Javed on January 22, 2019 at Lahore for conducting his exclusive interview
for Management Accountant Journal. The meeting was quite productive
during which it was agreed to enter into an agreement for working
together in the areas of consultancy, research and training programs
on Public Private Partnerships. Ms. Javaria Malik, Director Marketing
and Communications (MARCOM) was also present in the meeting.

First meetingof Students Publications Society (SPS)

Lahore | January 03, 2019
The meeting of Students Publications Society (SPS) was held on January
03, 2019 at Lahore with video-link connectivity to ICMA Pakistan Centres
at Karachi, Islamabad, Multan and Faisalabad and connected through
Skype with the Hyderabad Campus. The meeting was chaired by Mr.
Muhammad Yasin, Chairman Research and Publications (R&P) Committee
and attended by Mr. Salman Haider and Mr. Muhammad Shoaib,
members R&P Committee and Mr. Aamir Ijaz Khan, Executive Director.
The meeting was also participated by the Coordinators and members
of SPS at all Campuses. The meeting approved the name and title of ‘FUTURE CMAs’ for the e-magazine and also
decided that it would be released on bi-monthly basis. It was also decided that the proposed magazine for students
would cover five segments viz. Campus Life & Activity; Profession & Career; Business & Economy; Sports & Leisure
and Technology Update. The first issue of the e-magazine would be released by end of February 2019.

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Presentation by IoBM Capstone Project Team

Karachi | January 22, 2019
The Research and Publication (R&P) Committee had outsourced a research
project on ‘Developing Strategies for Branding of ICMA Pakistan’ to
Institute of Business Management (IoBM) under their MBA Students
Capstone Program. The IoBM team completed and made a presentation
on January 22, 2019 at ICMA Pakistan Head Office Karachi. Mr. Aamir
Ijaz Khan, Executive Director, ICMA Pakistan appreciated the presentation
and hoped that the suggestions made would quite helpful to the Institute
in framing its branding policy. Ms. Javaria Malik, Director Marketing
and Communication (MARCOM) and Mr. Shahid Anwar, Director Research
and Publications were also present.

Articles invited for March-April 2019 of MA Journal

The March-April 2019 issue of Management Accountant Journalwill be on the theme of ‘Institutional Reforms
and Governance’. The members who are interested to contribute article on this theme may send the same
latest by March 31, 2019on email address [email protected]

Technical Support & Practice Development (TSPD)

1. EXTENSION IN DATE FOR FILING OF REVISED RETURNS SPECIFIED IN SECTION 214E

Federal Board of Revenue (FBR) vide their notification dated February 01, 2019 extended the date of filing of
revised returns specified in Clause (iii) of Section 214E of the Income Tax Ordinance, 2001 to February 28, 2019.
2. REDUCTION IN PETROLEUM PRICES
The Government reduced the prices of petrol, kerosene and Light Diesel Oil while the price of HSD is being
maintained at the current level. Prices of petroleum products for the month of February 2019 shall be as under:

Product PCT heading Rates w.e.f 01-01-2019 (ad valorem)

Petrol 90.97 90.38

High Speed Diesel 106.68 106.68

Kerosene Oil 82.98 82.25

Light Diesel Oil 75.28 75.03

These prices shall be applicable from 1st of February till 28th February 2019.

3. NEW INTERNATIONAL PUBLIC SECTOR ACCOUNTING STANDARDS (IPSAS 42 -SOCIAL BENEFITS)

International Public Sector Accounting Standards Board (IPSASB) released a new International Public Sector
Accounting Standard (IPSAS) 42, Social Benefits.
The new standards represents a big step forward for global financial reporting in the public sector and fills one
of the major gaps in IPSASB’s suite of standards. It provides much-needed guidance on accounting for social
benefits expenditure, which comprises about one fifth of GDP across OECD countries. It defines social benefits
as cash transfers paid to specific individuals and/or households to mitigate the effect of social risk. Specific
examples include state retirement benefits, disability benefits, income support and unemployment benefits.
The new standard requires an entity to recognize an expense and a liability for the next social benefit payment.

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4. EXPOSURE DRAFT 67, COLLECTIVE AND INDIVIDUAL SERVICES AND EMERGENCY RELIEF (AMENDMENTS TO
IPSAS 19)
International Public Sector Accounting Standards Board (IPSASB) issued an Exposure Draft (ED-67) on accounting
for social benefits, and collective and individual services. The draft addresses a wide range of significant
government expenditures that directly impact the lives of citizens globally.
In order to extend IPSASB’s guidance to public services as well as cash transfers, the ED 67 proposes new
requirements for accounting for collective services (such as defense at national-levels and street lighting at
sub-national levels), individual services (such as healthcare and education) and emergency relief.
For collective and individual services, ED 67 proposes that an expense is recognized at the point of service
delivery. It also proposes that an expense and liability is recognized for some emergency relief, but not where
emergency relief is delivered as an ongoing activity of government.

5. FRAMEWORK ON MANAGING MONEY LAUNDERING, TERRORIST FINANCING AND PROLIFERATION FINANCING

In order to strengthen the trade related Anti Money Laundering/Combating Financing of Terrorism/Combating
Proliferation Financing regime and restrict the possible misuse of banking channel by money launderers and
terrorist financiers, State Bank of Pakistan (SBP) developed a framework on the subject taking into account
international best practices, tendency of unscrupulous elements to violate certain FX instructions etc.
SBP requested ICMA Pakistan to review the draft framework and furnish views/suggestions in this regard.
The prime objective of this framework was to strengthen the trade related AML/CFT/CPF regime and conserve
foreign exchange. This framework applies to all banks authorized by SBP to deal in foreign exchange. The draft
framework, consisting of fourteen (14) pages along with its annexures, was circulated to members for their
valuable suggestions/ inputs.

6. AMENDMENT IN INCOME TAX RULES, 2002 FOR FURNISHING INFORMATION BY BANKS

Federal Board of Revenue (FBR) vide their S.R.O. 29(1)/2019 dated January 8, 2019 made following further
amendments in the Income Tax Rules, 2002, the same having been previously published vide Notification No.
S.R.O. 1321(1)/2018, dated November 2, 2018:-

7. NEW STANDARD ON LEASES (IFRS-16) NOW EFFECTIVE

International Financial Reporting Standards (IFRS) notified regarding the effectiveness of new standards (IFRS-
16) on leases.
IFRS 16 Leases was issued in January 2016 and is effective for annual reporting periods starting on or after 1
January 2019. It replaces IAS 17 Leases and related Interpretations.
IFRS 16 changes the accounting substantially for lessees. The new Standard eliminates a lessee’s classification
of leases as either operating leases or finance leases. Instead, almost all leases are ‘capitalised’ by recognising
a lease liability and right-of-use asset on the balance sheet. There is little change for lessors.
According to IFRS, IFRS 16 will increase visibility of companies’ lease commitments and better reflect economic
reality. The Standard will also make it easier for users of financial statements to compare companies that lease
their assets with companies that borrow money to buy their assets, creating a more level playing field.

8. IMPLEMENTATION OF DEVICE REGISTRATION BLOCKING SYSTEM (DIRBS)

Federal Board of Revenue (FBR) vide their S.R.O. 50(I)/2019 dated January 15, 2019 directed that mobile devices
with SIM or IMEI functionality brought into Pakistan in violation of the provisions of clause (s) of section 2 of
the Customs Act, 1969 (IV of 1969), which have been seized or voluntarily presented to Customs authorities
after January 15, 2019, shall be released on payment of applicable duty and taxes along with imposition of fine
equivalent to ten percent of the amount of duty and taxes involved thereon.
FBR further directed vide S.R.O. 51 (I)/2019 dated January 15, 2019 that for the adjudication of cases falling
under the above Notification, following officers are authorized, namely:-
(a) the Additional Collector of Customs, Model Customs Collectorates is empowered to exercise the powers
of the Collector of Customs under clause (i) of sub-section (1) of section 179 of the said Act; and
(b) the Deputy Collector and Assistant Collector of Customs, Model Customs Collectorates are empowered
to exercise the powers of the Additional Collector of Customs under clause (ii) of sub-section (1) of section
179 of the said Act.

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 Vol: 19.1 I Jan 2019

9. SECP WARNS PUBLIC AGAINST ‘NATIONAL INSTITUTE OF HUMAN RESOURCE MANAGEMENT’

Securities and Exchange Commission of Pakistan (SECP) notified that an entity namely “National Institute of
Human Resource Management (NIHRM)” is fraudulently displaying its fake registration with SECP under Section
42 of the Companies Act, 2017 on its website (https://nihrm.org/). To bolster its image as a registered entity,
it has also displayed a number of newspaper clippings and video clips on the website.
SECP clarified that “National Institute of Human Resource Management (NIHRM)” has neither been registered
with SECP nor any registration certificate in the name of the aforesaid entity has been issued by the SECP.
Therefore, the general public is, therefore, advised in their own interest to be prudent while dealing with the
aforesaid entity. Meanwhile, the SECP is taking legal action against the NIHRM.

10. NEW EDUCATION STANDARD FOCUSES ON PROFESSIONAL DEVELOPMENT

The International Accounting Education Standards Board (IAESB) released the revised International Education
Standard (IES 7 - Continuing Professional Development).
The transformative impact of new and emerging technologies, changing business models and the dynamic
environment place new demands on the global accountancy profession. Continuing professional development
is fundamental to addressing and advancing the learning and development that enable professional accountants
to provide high-quality services to their clients.
The revised standard clarifies the principles and requirements on how professional accountancy organizations
measure, monitor and enforce their continuing professional development systems. It also makes clear that all
professional accountants must develop and maintain professional competence to perform their role.
The revised IES 7 places greater emphasis on learning and development needed for professional accountants’
roles and responsibilities rather than focusing on a minimum number of hours. Significant revisions made in
the standard include: -
• Requiring professional accountants to record relevant continuing professional development (CPD);
• Clarifying the output-based measurement approach, which requires professional accountants to demonstrate
competence;
• Clarifying the input-based measurement approach, which requires professional accountants to demonstrate
competence by completing a specified amount of learning and development;
• Promoting the use of a CPD framework to provide an example structure and guidance to help professional
accountants identify, undertake, and record relevant development; and

• Providing CPD measurement approaches with examples of related verifiable evidence to improve adoption.
The revised IES 7 will become effective from January 01, 2020.

11. NEW REGISTRATION PROCESS FOR MOBILE PHONES INTRODUCED BY FBR

Federal Board of Revenue (FBR) vide their Customs General Order No. 01 of 2019 dated January 28, 2019
introduced a procedure for the regularisation and registration of unregistered mobile phones which are brought
illegally on behalf of businesses and individuals, by paying duties and taxes online.
As per the policy, overseas Pakistanis can bring along with them only one mobile phone without paying duties
and taxes. The phone will be registered in the white list of the Device Identification, Registration and Blocking
System (DIRBS) without payment of duties and taxes, while mobile phone sellers will have to pay duties and
taxes as well as fines for registration of the phones.
In order to facilitate international travelers, the FBR and PTA introduced a web-based user interface application
for registration in DIRBS after payment of taxes and duties. International travelers will be able to bring phones
in their luggage, registered through the online app. Similarly, those who get their mobiles through postal or
courier services, as well as mobile sellers, can also get the mobiles registered following the procedure laid
down on the website developed by PTA.
FBR allowed sixty days period for international travelers to get duty-free registration of mobile phones that
were brought in the accompanied baggage. After the expiry of aforesaid time-limit such mobile devices shall
be registered on payment of leviable duty/taxes along with prescribed fine notified for the purpose. In these
cases baggage free allowance will also not be available.

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 Vol: 19.1 I Jan 2019

Library

Best Readers of the Library

Gulshan Lahore Islamabad Hyderabad Soldier Bazar

Campus Campus Campus Campus Campus

Kashan Ali Zaman Ali Yousuf Jan Babar Abdul Wasey Khan Mirza Adeel Baig
Reg. No. S20171743 Reg. No.20160259 Reg. No. 20131296 Reg.No. S-20150422 Reg. No. 20161205.
Operational Level Managerial Level Managerial Level Strategic Level Managerial Level

New Arrivals
(Revival of Periodicals)

Bloomberg Business Week

The Economist

January 2019 Page 21

 Vol: 19.1 I Jan 2019

Reader’s Digest Harvard Business Review

Meetings of the Institute’s Standing and

Non-Standing Committees
During the month, the following Committee meetings were convened.

S No. Committee No. of meetings Date

1. National Council Meeting #376 01 January 16, 2019
2. Executive Committee Meeting # 291 & 292 02 January 09 & 29, 2019
3. Examination 01 January 01, 2019
4. Research & Publications 01 January 09, 2019

January 2019 Page 22

 Vol: 19.1 I Jan 2019

Are you still not a member of ICMA Pakistan?

Becoming a member of the Institute can entitle you to a wide-range of benefits
you are missing at the moment

Organizations always prefer professionals who are recognized members

Part of Recognized of professional bodies. By becoming member of ICMA Pakistan, you would
Professional Body enhance your status and reputation as a recognized professional and will
also be entitled to use globally recognized designations of ACMA/FCMA.

You will get entitlement to do public practice by obtaining the Certificate

Public Practice of Practice (COP) from ICMA Pakistan

You will get legal entitlement to become CFO, CEO, Head of Internal Audit
Legal Rights and Company Secretary as per Companies Act and Code of Corporate
Governance of listed companies.

You will be entitled to inclusion of your name in Life Insurance cover (1.5
Life Insurance million for natural death and 3 million for accidental death). The
membership will eventually secure your family’s financial future.
You can claim exemptions from international accounting bodies like CPA
Exemptions: Australia, CPA Ireland, CIMA (UK), ICAEW, ACCA (UK) etc., in case you
intend to study further to obtain other recognized qualifications.

Career You can avail placement services and place your CV on “Career Portal”
Opportunities: of ICMA Pakistan’s website.

Management You will be entitled to receive soft and hard copies of ‘Management
Accountant’ – the official flagship bi-monthly Journal of ICMA
Accountant Journal
You will be entitled to get frequent e-technical updates about current
e-Technical Update IAS, IFRS and Interpretations etc.

@ You will be entitled to receive monthly e-Newsletters covering all the

e-Newsletter activities and programs of ICMA Pakistan

Utilize library facilities in all the Campuses of the Institute as well as digital
Library Facilities library.
You can avail discounts on services offered by different companies which
are in agreement with the Institute.
Discounts & Offers % 10% 20% Privilege Club
Membership
20% 30% 10%
Rs. 5000 on Monthly Fee
25% 12% 25% 36% 100% waver on
Membership Fee

Avail special discounts from different renowned publishers.

Discounts on Books %
53% 20% 20%

Progressive
International
Agencies
35% Alliance Book Co 40%

You may get your membership restored/ regularized by paying only Rs. 45,500 for FCMA and Rs.29,500 for ACMA
(No additional surcharge or penalty)
For more details on payment modes, please contact the Members’ Affairs Department on
phone # 92-21-99243900 (Ext.) 119 & 147 or email at [email protected]
Demonstrate your commitment to Professionalism - Become a Member of ICMA Pakistan

Research & Publications Directorate

Contact: + 92 21 99243900 Ext 107 / 117, Email: [email protected] I URL: www.icmap.com.pk