Chief Editor’s Message · Syed Imtiaz Hussain Bokhari ... Shoaib Ahmad Riaz Tirmazi, ACMA Shahid Mahmood Shaikh, ACMA ... Mr. Khalid Mehmood; Vice Chairman, Mr

Institute of Cost and Management Accountants of Pakistan Newsletter Volume 11.4 Aug-Sep 2015 www.icmap.com.pk 1

Chief Editor’s Message

It is my pleasure to present August and September 2015 issue of Newsletter covering activities took place in the months of July and August 2015. The holy month of Ramdhan brings Allah’s uncountable blessings that help ensure spiritual purification henceforth, professional activities were limited to few events in the second half of June and first twenty days of July 2015. The month of August witnessed 68th year of independence. The Independence Day reminds us for the struggle made for sovereignty, identity, self-determination and freedom to practice ideology that provides way towards justice and equality. It is the day when we as Pakistani nation reaffirm our commitment to keep the green flag raised in all socio-econo-political walks of life and through our competencies ensure country’s prosperity. The month of September recalls us for our right to defend from all kinds of aggression. The Defense day celebrated on 6th of September inspired us to make commitment to even sacrifice our lives to safeguard this God gifted land of Pakistan. The martyrs of 1965 show us the way as how lands are protected. Both independence and defense days are source of motivation that challenges turn into opportunities if faced with dedication and high spirit. The nations survive and progress with their commitment towards the cause which would ultimately bring vistas of success. Today, the sovereignty is gauged and integrity is honored with the fact that how much a nation is strong to support its own economy and to play its viable role in the development of other nations. Every profession and individual belonged to that profession has to contribute towards the economic prosperity of the country. With this spirit in mind, it is our responsibility to discharge our professional responsibilities with honesty within the organization and otherwise so as to continue strengthening the pillars of economy. As this newsletter will be circulated immediately after Eid-ul-Adha so I wish all of you a happy EID MUBARAK. Please have a nice reading. Mohammad Iqbal Ghori, FCMA Vice President ICMA Pakistan and Chairman Research and Publications Committee

Table of Contents

Chief Editor’s Message.......................................................................................................... 1

Table of Contents .................................................................................................................. 1

National Events ..................................................................................................................... 2

Branch Activities ................................................................................................................... 4

Membership .......................................................................................................................... 9

Education ............................................................................................................................ 12

Meetings ............................................................................................................................. 12

Article written by Council Member .................................................................................... 12

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

Editorial Board

Chairman Muhammad Iqbal Ghori, FCMA

Members BarkatUllah, 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: [email protected] Contact: + 92 21 99243900 URL: www.icmap.com.pk

http://www.icmap.com.pk/

mailto:[email protected]



National Events

Independence Day Celebrations Nationwide | August 14, 2015

On the occasion of Independence Day celebration, all Campuses of ICMA Pakistan celebrated Independence Day on August 14, 2015 to express our solidarity for the faith, unity and discipline. The staff, faculty and senior members of ICMA Pakistan was present in Flag hosting ceremony held at all campuses.

Karachi

The ceremony at Karachi was held at Head Office, Gulshan-e-Iqbal. The National Council member and Chairman CPD Committee, Mr. Anis-ur-Rehman grace the occasion with his presence. Barrister Shahida Jamil, Former Federal Minister of Law, Justice and Human Rights and Parliamentary Affairs in 2000; Federal Minister for Women Development, Social Welfare and Special Education in 2007-08 and Law Minister for Sindh in 1999 attended the flag hosting ceremony as guest of honor. The cake cutting event was also attended by members. The Chairman, Mr. Khalid Mehmood; Vice Chairman, Mr. Muhammad Yousuf; office bearers and other members of Karachi Branch Council were also present on the occasion. The participants of the ceremony showed their patriotism with the country whereas speeches made on the occasion reminded everyone of sacrifices made to get independence. On the occasion, children of members also showed their association and love with the country and participated in national songs.

Flag Hosting Cake Cutting National Songs

Lahore

The Independence Day ceremony was celebrated at Lahore with zeal and motivation. The ceremony was graced by National Council members, Mr. Zia-ul-Mustafa Awan, Former President and Mr. Raheel Asghar Ginai, Former Honorary Secretary. Mian Bashrat Ali and Mr. Muhamamd Shahid, Secretary and Member Lahore Branch Council respectively were also presence on the occasion. The ceremony was addressed by Council members, members of LBC and Director Central Region who highlighted the importance of the Day. The speakers and participants while showing their solidarity with the country reaffirmed the commitment to compromise anything to protect the sovereignty of the land.

Cake Cutting Group Photo



Islamabad

On the occasion of Independence Day of the country, Islamabad Campus was decorated in a befitting manner. The Former President SAFA and ICMA Pakistan, Mr. Muhammad Rafi graced the occasion with his presence. The ceremony in Islamabad was attended by Chairman, office bearers and member of Islamabad Branch Council. The senior members in particular and other members in general participated in the ceremony and showed their patriotism with the country. The speakers on the occasion emphasized that today in Pakistan we breathe in an independent atmosphere where we don’t only have the rights to practice our religion but all opportunities to excel in the areas of arts, commerce and science.

Faisalabad The 14th August was celebrated at Faisalabad in a befitting manner. The ceremony on Independence Day started with flag hosting. The Vice President, Mr. Mohammad Iqbal Ghori graced the occasion with his presence and joined members, faculty, students and staff to celebrate the occasion. Mr. Ghori shared his thoughts with the participants that we should honour the independence in true letter and spirit. He said that we being second and third generations may not have same level of realization for independence which our forefathers had as they saw partition of two nations themselves. He said innumerable lives were sacrificed before and during partition across the border. Today, we are getting benefit of what our ancestors bowed. As a citizen of an independent Nation, we should not forget the pre-partition sacrifices of lives of thousands of Muslims. This is the occasion to pay tribute to those brave people who over their lives presented us this state, he shared. Mr. Shahid Irshad, FCMA Chairman Faisalabad Branch Council and Deputy Director Faisalabad Campus also shared his views on the occasion and highlighted the importance of the Day.

Flag Hosting Group Photo

Multan

In Multan, Independence Day of the country on 14th August was celebrated in a befitting manner under the auspices of Branch’s Members Welfare Committee. On the occasion, Mr. Muhammad Rafiq, Chairman Multan Branch Council undertook flag hosting. The event was also attended by senior members of the Institute. The Chairman while sharing his thought apprised the participants of the ceremony about the importance of the day. He told that ICMA Pakistan was established only after four years of Pakistan’s independence and we also faced all those challenges which our country witnessed in last more than 68 years. He expressed his views that we should put our all efforts to make ICMA Pakistan a strong body to contribute toward economy and well-being of our beloved country.



Branch Activities

Karachi

Corporate Iftar Dinner 2015 Karachi | July 09, 2015

The Karachi Branch Council organized a ‘Corporate Iftar Dinner’ for the members and executives from the Corporate Sector on July 09, 2015 at Pavilion End Club, Gulshan-e-Iqbal, Karachi. Mufti Noor Rehmani and Mr. Shuja Uddin Sheikh, Religious Scholar were the speakers.

Seminar on Finance Act 2015-16 Karachi | August 07, 2015

The Karachi Branch Council organized a Seminar on ‘Finance Act 2015-16’ on August 7, 2015 at Seminar Hall, ICMA Pakistan’s Head Office, Karachi. Mr. Adnan Mufti spoke on the topic, “Direct Tax”, Mr. Asif Siddiq Kasbati delivered presentation on “Indirect Tax” and Mr. Hammad Raza Zaidi made a speech on “Custom Act & FED”.

Workshop on Financial Modeling Karachi | August 13-14, 2015

Karachi Branch Council organized a 2-day Workshop on ‘Financial Modeling’ on August 13 and 14, 2015 at IT Lab ICMA Pakistan’s Head Office. There were more than 30 participants including members and executives from the corporate sector nominated. The workshop was conducted by eminent and expert facilitator, Mr. Sohaib Jamal.



Eid Milan Karachi | August 21, 2015

Karachi Branch Council organized “Eid Milan Party / Get Together held on 21st August 2015 at Pakistan Maritime Museum. The Eid Milan get-together is a customary event organized every year to provide opportunity to members and their families to interact in a lively environment. The party at Karachi was organized in a befitting manner which was attended by nearly 2,000 persons.

Lahore

Session on “Entrepreneurial Thinking” Lahore| July 29, 2015

Corporate Relations and Communication Department, Lahore organized a session on “Entrepreneurial Thinking” on July 29, 2015. Mr. Jawed Salim Qureshi, Chairman 4B Group was the Guest Speaker. Mr. Qureshi shared the formula of his success which is based on three pillars, “NaikNiyati”, “Mehnat” and “Sach”. He articulated that “A businessman can never be successful without the qualities of “leadership, hardworking, innovation, diversification and planning”. He added that we should create jobs for professionals rather than seeking for an employment. Mr. Saghir-ul-Hasan, Honorary Treasurer ICMA Pakistan started the session with a welcome speech and shared traits required to become a successful entrepreneur. Mr. Raheel Asghar Ginai, Member National Council thanked the guests and delegates. Mr. Muhammad Hussain, Director Central Region and Mr. Altamash Pervaiz, Joint Director Corporate Relations also shared their views on this occasion. A good number of members and students of ICMA Pakistan participated and praised learning outcomes. The session was followed by inauguration of Digital Library / Cyber Station in the Lahore campus of ICMA Pakistan for students and members.

Training Session on “Interpersonal Skills” Lahore| August 15, 2015

The Corporate Relations and Communication Department, organized a session on “Interpersonal Skills” on August 15, 2015. Ms. Mehwish Khan, having 10 years’ experience of Corporate, Semi Government and Private sector was the Guest Speaker. In her presentation, she elaborated all the key factors needed to make communication and presentation effective and efficient. Her activities raised the interest level of students and members.



Mr. Saghir-ul-Hasan, Honorary Treasurer ICMA Pakistan started the session with a welcome speech. Mr. Muhammad Hussain, Director Central Region and Mr. Altamash Pervaiz, Joint Director Corporate Relations thanked the guests and shared their views on this occasion. A good number of members and students of ICMA Pakistan participated and took away learning that would be useful for them in their practical life.

Session on "Intelligent Organizations" Lahore| August 19, 2015

The Corporate Relations and Communication Department organized a session on “Intelligent Organizations” on August 19, 2015. Dr. Faisal Khokhar, Ph.D from Manchester Business School and MS from The Kennedy School of Govt., Harvard University, was the Guest Speaker. Dr. Khokhar shared his study about intelligent organizations and application of this concept in business success. He mentioned that Pakistan is a hub of smart people; what we need is to connect their brains. The concept is already being implemented in Pakistan by some people. In response to a question, he mentioned that in next 05 years there could be a big change. Mr. Muhammad Hussain, Director Central Region started the session with welcome speech. Mr. Raheel Asghar Ginai. Member National Council thanked the guests and delegates. Mr. Altamash Pervaiz, Joint Director Corporate Relations shared his views and highlight the efficacy of regular CPD programs at the institute. A good number of corporate guests, members and students of ICMA Pakistan participated in the session. They praised learning outcomes of this session as well as endeavors of the Institute.

Islamabad

Training Workshop on “MS Excel 2013 - Advanced Level” Islamabad| August 22, 2015

Islamabad Branch Council conducted a 2-day Training Workshop on “MS Excel 2013 - Advanced Level” on August 22, 2015. This workshop provided the participants an opportunity to explore the power of excels at advanced level to understanding of Tools and Techniques used for summarizing and analyzing of data and automation of tasks.



The participants were among the members and from the corporate sector who appreciated the workshop considering it as an important tool to improve the productivity.

Multan

Role Model Session Multan| July04, 2015

The Students’ Affairs committee of Multan Branch Council organized a “Role Model Session” on July 04, 2015 at ICMA Pakistan’s Multan Campus. Mr. Hafeez Ahmed, FCMA, CEO S. G. Polypropylene Private Ltd. was the guest speaker. He sheared his life time experience with the students. Mr. Muhammad Sajjad, FCMA Deputy Director Multan Campus presented the welcome address. Mr. Muhammad Shoaib, ACMA, Convener Students’ Affairs Committee was also present at the occasion. A large number of students attended the program.

Eid Millan / Annual Dinner Multan|August01, 2015

The Members’ Welfare Coordination Committee of Multan Branch Council organized “Eid Millan / Annual Dinner” on August 01, 2015 at ICMAP Multan Campus. Mr. Muhammad Shoaib, ACMA Member Multan Branch Council presented the welcome address. At the end Mr. Muhammad Rafiq, FCMA, presented the vote of thanks and presented the souvenir. A large number of members and their families attended the program.

Success is relative! To me it’s not about making and collecting money, but it’s all about developing new opportunities and following your passion.

Syed Nadeem, Managing Director, Searle Pakistan

Extract from Shiraz and His Work on Wordpress.com

Once you have taken a decision for something, commit to your plan and continue following it. Everyday coming closer to your dream would be extremely motivating and inspiring.

Extract from 30 Second Successories by Faiez H. Sayel



Faisalabad

Seminar on Good Business Needs-Soft Skills for Championship Performance Faisalabad| August 12, 2015

The CPD Committee organized a Seminar on “Soft Skills” on August 12,, 2015 at Faisalabad Campus. Mr. Muhammad Nisar Bhatti, Chairman Humanities & Social Sciences, National Textile University Faisalabad was the main speaker. Other speakers at the program included Mr. Shahid Irshad, FCMA Chairman Faisalabad Branch Council.

Peshawar

In House Career Counseling Seminar Peshawar |July 30 & August 08, 15 & 22, 2015

The Peshawar Campus organized four “In House Career Counseling Seminars” for Fall-2015 session on July 30 and August 8, 15 & 22, 2015 at ICMA Peshawar Campus. Mr. Adeel Zeb Khan, Deputy Director Peshawar Campus and Mr. Masood Ur Rehman, Officer Education conducted the seminars which was attended by prospective students belonged to different backgrounds.

Seminar on Deferred Taxation Peshawar |August 22, 2015

Peshawar Branch Council-2015 organized a Seminar on Deferred Taxation for Members and Students on August 22, 2015 at ICMA Peshawar Campus. Mr. Muhammad Hamid Mahmood, FCMA was the Speaker.



Hyderabad

Guest Speaker Session on “Capacity Building through Johari Window” Hyderabad | July25, 2015

The Hyderabad Campus Organized a guest speaker session on “Capacity Building through Johari Window” on July 25, 2015. The Johari window is a technique created in 1955 by two American psychologists, Joseph Luft (1916–2014) and Harrington Ingham (1914–1995). It is used to help people better understand their relationship with self and others. It is frequently used in self-help groups and corporate settings as a heuristic exercise for personal development and motivation. The topic and its delivery were so unique that it attracted the attention and interest of students, which lead to involvement of the students and a lot of questions.

Membership

Membership Pathways Agreement (MPA) between ICMA Pakistan and CPA Australia In continuation to National Council 2015-17 efforts to enhance recognition of ICMA Pakistan and its members both locally and abroad, ICMA Pakistan and CPA Australia have signed a “Membership Pathways Agreement” (MPA). The two Institutes have realized the need of global portability for professional accountants around the world. Under this MPA, CPA Australia has provided a pathway for members of ICMA Pakistan to become members of CPA Australia. The members of ICMA Pakistan have to undertake and successfully complete four papers in total. These include two from Professional Level and two from the Elective Segments. The details of exemptions that CPA Australia has agreed to offer to the members of ICMA Pakistan may be viewed by visiting following link: https://icmap.com.pk/News_Pdf/membership_agreement_ICMAP_CPA_australia.pdf This landmark arrangement with a leading Australian professional accounting Institute, will not only be beneficial to the members of ICMA Pakistan residing in Australia but to those who have aspirations to attain international qualification for better career mobility in the future.

Top CPD Earners

Aftab Ahmad Razzaqi F-826, Islamabad CPD Hours (40)

Ather Saleem Ch F-897, Islamabad CPD Hours (32)

Mian M. Asif Saeed A-4465, Karachi CPD Hours (20)

Salma A-3432, Karachi CPD Hours (19)

Burhanuddin A-5583, Karachi CPD Hours (19)


https://icmap.com.pk/News_Pdf/membership_agreement_ICMAP_CPA_australia.pdf


Induction of New Fellows and Associate Members

Renewal Certificate of Practice

Sr. Name M/Ship No.

1 Saif Ullah Khan F-963

2 Jamil Ahmad F-1634

3 Arshad Masood F-908

4 Wasful Hassan Siddiqui F-248

5 Mustafa Hussain Siddiqui F-264

6 Muhammad Arshad Bashir F-1003

7 Syed Irshad Ali A-4309

8 Iqbal Haider F-654

9 Ishtiaq Ahmed F-1435

10 Riasat Khan F-1247

11 Muhammad Yousaf Khan F-1305

12 Rafique Uddin A-3006

13 Naumeri Aslam F-1043

New Fellow Members

Sr. Name M/Ship No.

1 Ataul Ghani Saqib F-1696

2 Muhammad Irfan F-1697

3 RaheelZubair F-1698

4 Muhammad Afzal Imam F-1699

5 Syed Azam Ali Shah F-1700

6 Haider Abbas F-1701

7 Muhammad Nauman Malik F-1702

8 Hammad Ali Nadeem F-1703

9 Muhammad Asad Iqbal F-1704

10 MansoorSuleman F-1705

11 Nadeem Shahzad F-1706

12 Muhammad Jamil Khan F-1707

13 Muhammad Asif Jalal Bhatti F-1708

14 Faisal Nawaz F-1709

15 Al Shah Ali Raza F-1710

16 Asif Sultan F-1711

17 Syed Mubashar Ali F-1712

18 Riaz Ahmad F-1713

19 Malik Irfan Ahmad F-1714

20 Syed Hassan Ahmed Al-Ahdal F-1715

21 Sheeraz Ahmed Khan F-1716

22 Farough Ali Naweed F-1717

New Associate Members

Sr. Name M/Ship No.

1 Amin Noor Ali Ebrahim A-6064

2 Imran Alam A-6065

3 Syed Muzaffar Abbas Zaidi A-6066

4 Muhammmad Rizwan Shamshad A-6067

5 Tahir Mushtaq A-6068

6 SeemeenAbid A-6069

7 Sabir Hameed A-6070

8 AzeemHafeez A-6071

9 Khalid Ashraf A-6072

10 Hafiz Anis ur Rehman Shamsi A-6073

11 Adnan Ghani A-6074

12 Muhammad Muzamil Farooq A-6075

13 Sana Masood A-6076

14 Neelam Naeem A-6077

15 Muhammad Akmal Shahzad A-6078

16 Shamsa Jabeen A-6079

17 Ahmad Naeem Butt A-6080

18 Muhammad Rafiq Ahmad Raza A-6081

19 Muhammad Waqas Ashraf A-6082

20 Khizar Hayat A-6083

21 Kashif Karim Gilani A-6084

22 Ilyas A-6085

23 Mohammad Ilyas A-6086

24 Fareed Ahmed A-6087

25 Muhammad Kamran Shabbir A-6088

26 Wasim Inayat A-6089

27 Khurram Aziz A-6090

28 Zeeshan A-6091

29 Qurat ul Ain Shaikh A-6092

30 Aisha Zaman A-6093

31 Chaudry Mohsin Shahzad A-6094

32 Waseem Akram A-6095

33 Zahid Mirza A-6096

34 Imran Ali A-6097

35 Umer Farooq A-6098

36 Muhammad Shafaqat Ali A-6099

37 Muhammad Adnan Saleem A-6100

38 Nabeel ur Rehman A-6101

39 Mirza Ishaq Baig A-6102

40 Muhammad Asif A-6103

41 Owais Khan A-6104

42 Farhan Ullah Khan A-6105

43 Mubashar Hussain A-6106

44 Rehan ul Hassan A-6107

45 Muhammad Usman A-6108

46 Abdullah Khan A-6109

47 Azmat Jang A-6110

48 Muhammad Yaseen A-6111

New Certificate of Practice

Sr. Name M/Ship No.

1 Muhammad Afzal Imam A-3332

If you wish to succeed in managing and controlling others – learn to manage and control yourself.

William J. H. Boetcker



Nomination of Institute’s Member on Evacuee Trust Property Board (ETPB) Federal | July 8, 2015

The Prime Minister, Nawaz Sharif approved to reconstitute a 22-member Evacuee Trust Property Board (ETPB). The new Board comprises eight official and 14 non-official members. It is an honour for the Institute that Mr. Javed Qaiser, FCMA former Director North Region was nominated as non-official member on the Board from Punjab. Among official members included Chairman ETPB, Senior Member Board of Revenue (SMBR) Punjab, SMBR Sindh, SMBR KPK and SMBR Blochistan, Senior Joint Secretary Religious Affairs, Joint Secretary religious affairs and Financial Adviser on religious affairs. Other non-official members include Sardar

Sham Singh, Muhammad Munsaf Jan from Sindh, Cap (R) Muhammad Younis Durrani from Balochistan, Sardar Munawar Zaman from KPK whereas Ayesha Musadiq Hamid, Asfand Yar Bhindara (MNA), Col (R) Mubashar Javed, Dr. Darshan Panchi, Mr. Mukesh Kumar Karara, Barrister Perzada Aurangzeb Shah, Ch Bashir Ahmed Advocate, Dr. Alexandar John Malik and Sardar Ramesh Singh Arora (MPA) had been elected from Punjab.

It is pertinent to mention here that the last board expired in March 2015 and the incumbent Chairman ETPB had forwarded the proposed names of the new members to the federal government for approval. The Board is appointed for a three-year term.

13th Management Accountants’ International Conference (MAIC)

Marinating a tradition of holding Management Accountants’ International Conference (MAIC) after every three year, the Institute under the auspices of National Council’s CPD, Seminars and Conferences Committee is organizing this Conference on October 30-31, 2015 with the theme, “Responsible Leadership for Sustainable Economy”. The responsible leadership is about making business decisions that along with taking care of interests of the shareholders also concerns about other stakeholders such as workers, suppliers, clients, the environment, the community and future generations. The responsible leaders are aimed towards mobilizing people and lead teams to focus on organization’s objectives that are derived keeping triple bottom line concept of responsibility. The conference is scheduled at Bhurban which is located at an altitude of 6,200 ft. The venue of conference is Pearl Continental Resort and Conference Hotel, Bhurban, which is perched on a cliff in the northern part of Pakistan, overlooking the panoramic expanse of Kashmir valley. It is renowned for its outstanding facilities and services. Often praised as the best resort in the region, it is only an hour's drive from the main city of Islamabad, the capital of Pakistan. It is nearby other resort areas such as Ayubia / Nathiagali, 75 km;

4 km; Kashmiri Bazar, 6 km; Murree, 25 km; and Patriata, 45 km. With an altitude of 2,300 m (7,500 ft.) above sea level, the city of Murree is situated on the southern slopes of the Western Himalayan foothills as they ascend to the northeast towards Kashmir. It is one of the largest resort towns in the Galyat area of Pakistan. The city is famous for British fruits, such as Cherries, Raspberries and Strawberries, which are thrived locally. It is on 25 Km drive from the PC Bhurban (venue of the conference).

It is expected that the conference will attract 350 participants comprising foreign delegates, professionals, accountants, businessmen, trade and Government representatives. This event will attract full coverage of print and electronic media. The Federal Finance Minister is expected to be the Chief Guest of the Conference.

For details about the conference, please visit following link:

https://www.icmap.com.pk/Admins/EventsPDF/13th_MIAC_11092k15.pdf


https://www.icmap.com.pk/Admins/EventsPDF/13th_MIAC_11092k15.pdf


Education

Realignment of Syllabus The Syllabus of CMA qualification has been realigned with the purpose to enrich the contents so as to incorporate standards, concepts and practices adopted globally. The special care has been taken to add those areas of knowledge that are globally accepted, followed and practiced. The review of syllabus also eliminated inadequacies, repetition of content and improper sequence of various topics in the courses. The major emphasis has been given to presentation and case studies in this syllabus. In order to ensure classroom learning, the percentage of students’ attendance has been increased and class tests have been introduced whereby students are required to score specified marks. The presentations and case studies, class tests and class attendance are also being made part of eligibility criteria for appearing in the examination. It is expected that these improvements in the syllabus, learning methodology and examination eligibility criteria would enhance the spectrum of knowledge and benefit the students in their market acceptability within the country and abroad.

Meetings

During the months of July-August 2015 following National Council and Executive Committee meetings were held:

Article written by Council Member

In the month under review, one article written by Vice President were published in the newspaper. The Vice President, Mr. Mohammad Iqbal Ghori, FCMA in his article on “Myth of Independent PSE Directors” highlighted the importance of independent directors with respect to trust and credibility they enjoy from stakeholders including investors. He mentioned that with independent directors on boards, a company sends a very strong signal to the investors that it is being well run and governed, and its board is sound enough to ensure that nothing less than the very best international corporate governance practices are adhered to. While elaborating his views based on his experience, he emphasized that there is a

National Council

Meeting No. Date

330th 12-Jul-2015

Executive Committee

Meeting No. Date

246th 04-Jul-2015

247th 11-Jul-2015

248th 09-Aug-2015

249th 23-Aug-2015

250th 29-Aug-2015

Corporate Relations & Communication

Meeting No. Date

1st 01-Aug-2015

2nd 15-Aug-2015

CPD, Seminars & Conferences

Meeting No. Date

1st 01-Jul-2015

2nd 15-Aug-2015

3rd 19-Aug-2015



dire need to take immediate actions to balance all boards and to bring government employees having sectorial background on board to give business insights and independence simultaneously.

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Documents

Chief Editor’s Message · Syed Imtiaz Hussain Bokhari ... Shoaib Ahmad Riaz Tirmazi, ACMA Shahid Mahmood Shaikh, ACMA ... Mr. Khalid Mehmood; Vice Chairman, Mr