Professional Documents
Culture Documents
Icmap Newsletter Jan 2019
Icmap Newsletter Jan 2019
A Memoir of Institute’s activities and programs for professional development and corporate networking
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
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.
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.
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
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.
LAHORE
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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................................
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.....................
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.
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
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
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
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.
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.
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
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
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 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.
MoUs
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.
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.
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.
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.
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.
These prices shall be applicable from 1st of February till 28th February 2019.
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.
• Providing CPD measurement approaches with examples of related verifiable evidence to improve adoption.
The revised IES 7 will become effective from January 01, 2020.
Library
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)
The Economist
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.
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
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]
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