Icmap Newsletter May 2015

Institute of Cost and Management Accountants of Pakistan Newsletter Volume 11.2 May 2015 www.icmap.com.pk 1

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

Table of Contents

Chief Editors Message ........................................................................................................................ 1

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

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

Presidents Engagements .................................................................................................................... 9

Branch Activities ................................................................................................................................ 10

Membership ...................................................................................................................................... 16

Examinations ..................................................................................................................................... 16

Practice Development ....................................................................................................................... 17

Corporate Relations & Communication ............................................................................................ 18

Other News ........................................................................................................................................ 19

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 Barkat Ullah, FCMA Shoaib Ahmad Riaz Tirmazi, ACMA Shahid Mahmood Shaikh, ACMA Syed Kashif Saeed, ACMA Sheeraz Sultan, ACMA Zulfiqar Ali Mehto, Journalist

Directorate Muhammad Kamran Jamil, Editor Shahid Anwar, Joint Director, R&P

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


National Events

Webinar on Good Governance Nationwide | May 05, 2015

The National CPD, Seminars & Conferences Committee of ICMA Pakistan organized a Webinar on Good Governance on May 05, 2015. Mr. Vincent H. Tophoff is a Senior Technical Manager at the Professional Accountants in Business Committee (PAIB) of the International Federation of Accountants (IFAC) was the main speaker at the Webinar. Mr. Tophoff in his address spoke about arising global concerns about corporate governance and the role of professional

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

Seminar on Global Corporate Governance Lahore | May 15, 2015

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

Speakers are sitting on the stage during Seminar on

Global Corporate Governance

The participants of the Seminar on Global Corporate Governance at Lahore

Corporate Membership of Royal Palm Golf & Country Club, Lahore Nationwide | May 15, 2015

The Institute of Cost and Management Accountants of Pakistan (ICMA Pakistan) and Royal Palm Golf and Country Club (RPGCC) signed a Memorandum of Understanding (MoU) on May 15, 2015 at RPGCC, Lahore. On behalf of the Institute, Mr. Kashif Mateen Ansari, President ICMA Pakistan signed MoU whereas RPGCC was represented by its General Manager, Mr. Omer Mir. The initiative was taken from the platform of National Councils

Members Welfare, Career Development & Students Affairs (MWCDSA) Committee to provide ICMA Pakistans members and their

Mr. Vincent H. Tophoff Senior Technical Manager

(IFAC)


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

Mr. Kashif Mateen Ansari, President ICMA Pakistan and Mr. Omer Mir,

General Manager RPGCC are signing MoU whereas Mr. Saghir ul Hassan Khan, Honorary Treasurer (extreme right) is also present.

Mr. Kashif Mateen Ansari, President ICMA Pakistan and Mr. Omer Mir, General Manager RPGCC

exchanging MoU ICMA Pakistan and RPGCC

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


duties of Directors, and the knowledge and competencies expected from them in todays environment, leading to creation of an effective board culture and performance. Following trainers conducted different modules under the Code of Corporate Governance during the Programme: 1. Mr. Abdul Rahim Suriya, FCMA, FCA

Partner Suriya Nauman Rehan & Co., Chartered Accountants Topic: Finance Management, Corporate Reporting and Review of Corporate Governance

2. Mr. Shahid Zaki, MBA, MSEE, BSEE Advisor, German Project Organization (GIZ) Visiting Professor, IBA Former Chairman and CEO, Philips Electrical Industries of Pakistan Ltd. Topic: Corporate Strategy

3. Mr. Nazir Ahmad Shaheen, FCMA Chief Executive, Nazir Shaheen & Associates, Former Executive Director, SECP Topic: Corporate Law

4. Mr. Amar Naseer, CPA (USA), FCA, LLM Director & Company Secretary, Unilever Pakistan Limited Topic: Board Composition and Responsibilities

5. Mr. Saeed A. Sheikh, FCMA Member Lahore High Court Bar Association Chief Executive, Shaikhain Management & Law Consultants Topic: Understanding the Relevant Laws & Legal System for Corporate Leaders

Following is list of participants:

Sr. Name Designation Company Name

1 Rahim Bux Director Sanghar Sugar Mills Limited

2 Qazi Shamsuddin Director Sanghar Sugar Mills Limited

3 Qaisar Mufti Consultant Qaisar Mufti Associates

4 Noman Mustafa Zubairi Lead Consultant Plus Consultants

5 Afroz Quraishi Managing Director / C.E.O. PICIC Insurance Limited

6 Saba Nadeem Director Baluchistan Wheels Limited

7 Haroon Iqbal Director Dewan Cement Limited

8 Ishtiaq Ahmad Director Dewan Cement Limited

9 Aziz -Ul- Haque Director Dewan Cement Limited

10 Ashfaq Haji Hasham Director / C.E.O. Good Luck Industries Ltd.

Mr. Nazir Ahmed Shaheen, Trainer receiving plaque from Mr. Qaiser Mufti, Former Vice

President, ICMA Pakistan

Mr. Amar Naseer, Trainer receiving plaque from Mr. Qaiser Mufti, Former Vice President, ICMA

Pakistan

Mr. Shahid Zaki, Trainer receiving plaque from Mr.

Qaiser Mufti, Former Vice President, ICMA Pakistan

Mr. Abdul Rahim Suriya, Trainer receiving plaque

from Mr. Qaiser Mufti, Former Vice President, ICMA Pakistan

Mr. Saeed A. Sheikh, Trainer receiving plaque

from Mr. Anis ur Rehman, Chairman CPD Committee, ICMA Pakistan


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

Mr. Qaiser Mufti, Former Vice President ICMA Pakistan is receiving DTP Certificate from Mr. Anis ur Rehman,

Chairman CPD Committee, , ICMA Pakistan

Corporate Networking Reception on Management Accountants' Day Nationwide | May 23, 2015

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

Mr. Kashif Mateen Ansari, President ICMA

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

Khawaja Ehrar ul Hasan, Honorary Secretary

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

Mr. Brian Heath, the US Counsel General, Karachi receiving plaque from Mr. Kashif Mateen Ansari, President ICMA Pakistan

From L to R:

Mr. Khalil Ahmed, Director Corporate Relations; Mr.

Abdullah Feroz, MD, Efroz Chemical Industries; Mr. Kalim Siddiqui, Byco Petroleum; Ms.

Shahida Jamil, a renowned Barrister and Former Law

Minister; Mr. Kashif Mateen Ansari, President, ICMA

Pakistan; Mr. Brian Heath, US Counsel General, Karachi;

Mian Zahid Hussain, President Pakistan Businessmen and

Intellectuals Forum; Mr. Rashid Siddiqui, President

Korangi Association of Trade & Industry; Syed Farukh Mazhar,

SGS Pakistan Pvt. Ltd.; and Mohammad Wasi Khan, CEO, Middle East & Pakistan Byco Petroleum Pakistan Limited

The event was attended by top executives including Chairmen, Presidents, Chief Executives, Managing Directors, etc of leading organizations and trade bodies association. Following is the list of some executives attended the event:


1. Mr. Saeed Allawala, Chairman Pakistan Pharmaceutical Manufacturers Association (PPMA)

2. Mr. Abdul Haseeb Khan, President Brookes Pharma (Private) Limited 3. Mr. Ebrahim Hasham, CEO Mehran Sugar Mills 4. Dr Shehzad Arshad, Chairman- Pakistan Cotton Fashion Apparel

Manufacturers and Exporters Association. 5. Mr. Khalid Tawab (SITARA-E-IMTIAZ), Chairman Tawab Group of

Companies 6. Syed Ali Raza Bukhari, Co-Founder/CEO of Vector Financial Services 7. Mr. Nasim Beg, CEO Arif Habib Consultancy 8. Dr Amjad Waheed, CEO NAFA 9. Mr. Majyd Aziz, former President KCCI 10. Mr. Salah Uddin, Executive Director Management Association of

Pakistan 11. Mr. Shahid Gul Motiwala, CEO Al Ameen Funds 12. Mr. Anwar Iqbal, CEO Silver Seal International 13. Mian Zahid Hussain (Sitaara-e-Imtiaz, Hon. PhD., Justice of Peace)

CEO; KenLubes International (Pvt.) Ltd. 14. Mr. Kalim A. Siddiqui, former MD PSO 15. Mr. Nasir Ali Syed, CEO Pak Qatar Family Takaful 16. Mian Abrar Ahmed, Chairman Ahmed Group of Companies 17. Mr. Sohail Wajahat, former MD Siemens Pakistan 18. Mr. Abdullah Feroz, MD & Chief Executive, Efroze Chemicals

Industries (Pvt.) Ltd.

19. Syed Farrukh Mazhar, MD SGS Pakistan Pvt. Ltd. 20. Barrister Shahida Jamil, former Federal Law Minister 21. Mohammad Wasi Khan, CEO Middle East & Pakistan Byco Petroleum

Pakistan Limited 22. Mr. Zahid Saeed, MD Indus Pharma 23. Mr. Mehtab Uddin Chawla, Chairman Al-Karam Towels Industries 24. Mr. Rashid Siddiqui, President Korangi Association of Trade &

Industry 25. Ms. Asiya Zaidi, Finance Director Unilever Pakistan 26. Dr Farhan Essa, President Dr. Essa Laboratory and Diagnostic Centre 27. Engineer M.A.Jabbar, former Chairman SITE Association & CEO Qaim

Filters 28. Mr. Shamim Ahmed Firpo, Chairman Firpo Group of Companies and

former SVP KCCI 29. Mr. Ibrahim Kasumbi, CEO Umair Petrochemicals (Pvt) Ltd. and SVP

KCCI 30. Mr. Aftab Munshi, CEO Al Habib Capital Markets (Pvt) Limited 31. Mr. Zahid Mubarik, CEO HR Metrics 32. Dr. Junaid Ahmed, Chairman National Management Consultants

(Pvt) Ltd. 33. Mr. Shakeel Ahmed, GM SSGC 34. Mr. Muhammad Waseem Vohra, VP FPCCI 35. Mian Mahmood Hassan, MD Bake Parlour

The networking opportunity lead to sign MOUs for mutual benefit with many of the participating companies for which discussions have already been initiated. We are confident that this relationship building activities will benefit our members, qualified and students in getting better opportunities in these companies. It is the Institutes undying commitment to continue engaging various stakeholders of the economy in a befitting manner for the betterment of ICMA Pakistan.

ICMA Pakistans 64th Anniversary Nationwide | May 23, 2015

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

Ceremony is underway at Head Office, Karachi

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


Ceremony at Lahore

Lahore Islamabad Faisalabad

The ceremony at Lahore was celebrated with full enthusiasm. The Council Members,

Mr. Zia ul Mustafa Awan, FCMA and Mr. Raheel Asghar Ginai, FCMA attended the

ceremony. The ceremony was also attended by members and staff of the Institute.

At Islamabad Mr. Ghulam Mustafa Qazi, FCMA Former Vice President was the

Chief Guest whereas other members and dignitaries also attended the ceremony. The senior members along with Member

IBC and staff enjoying cutting cake.

In Faisalabad, Mr. Mohammad Iqbal Ghori, FCMA Vice President, ICMA Pakistan was the chief guest

and main speaker at the event. Mr. Ghori was accompanied by members of Faisalabad Branch

Council and Dy. Director Faisalabad Campus.

Multan Hyderabad

In Multan, Chief Guest was Ch. Zulfiqar Ali Anjum, CEO SM Foods Multan. At Multan, the

ceremony was also attended by senior members including Syed Anwer Mehdi,

FCMA; Mr. Khalid Mahmood, FCMA Senior Member; Mr. M. Sajjad, FCMA; Mr. Shahzad Ahmed Bhatti, FCMA; Mr. M. Waqas Khalid,

ACMA and Mr. Najib Afzal, ACMA who shared their experiences on this occasion.

In Hyderabad, Mr.Rashid, Member addressing on the occasion of 64th Anniversary of the

Institute. Mr. Rashid, in his speech highlighted the importance of the Day and role of

Management Accountants in the industry. The anniversary was attended by members,

faculty and students.

Meeting with Chairman National Management Consultants Karachi | May 23, 2015

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

Mr. Waqar Ali Khan, Council Member presenting

Institutes publications to Dr. Junaid Ahmed, Chairman National Management Consultants (NMC)


Webinar Professional Accountants in Business Nationwide | May 29, 2015

The National CPD, Seminars & Conferences Committee organized a Webinar on Professional Accountants in Business on May 29, 2015, which focused on research work by Chartered Professional Accountants of Canada (CPA Canada) targeting professional accountants in business. The areas

covered during webinar were international reporting, sustainability reporting, climate change, information technology, and future challenges and opportunities for business. Mr. Anis-ur-Rehman, FCMA Chairman, CPD, Seminars & Conferences Committee, Mr. Todd Scaletta Director, Strategy, Risk and Performance Management Chartered Professional Accountants of Canada and Ms. Julie Desjardins, Director, Reporting & Capital Markets Chartered Professional Accountants of Canada were the presenters at the Webinar.

Inclusion of Management Accounting for HECs Foreign Scholarship Nationwide | May 29, 2015

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

From L to R Clockwise: Dr. Mukhtar Ahmad, Chairperson, HEC; Mr. Waqar Ali Khan, National Council Member; Mr. Aftab Ali Khan, Former Director North Region; Mr. M. Kamran Jamil, Director Research

& Publications and Strategic Planning and Mr. Kashif Mateen Ansari, President ICMA Pakistan

The HEC letter mentioning inclusion of knowledge area of Management Accounting for foreign

scholarship

Top CPD Earners

Qaisar Mufti F-171, Karachi

CPD Hours (40)

Muhammad Aamar A-5808, Faisalabad

CPD Hours (11)

Muhammad Akram A-4758, Lahore CPD Hours (10)

Muhammad Shahid A-4764, Lahore CPD Hours (10)

Muhammad Yousuf F-1136, Karachi CPD Hours (9.5)

Mr. Todd Scaletta

Ms. Julie Desjardins


Presidents Engagements

ICAP and ICMA Pakistan Reaffirmed Commitment to Strengthen Mutual Collaboration Karachi | May 07, 2015

Mr. Kashif Mateen Ansari, President, Institute of Cost and Management Accountants of Pakistan (ICMA Pakistan) along with Mr. Saghir ul Hassan Khan, Honorary Treasurer and Mr. Anis-ur-Rehman, Chairman CPD Committee had a meeting on 7th May, 2015 at ICAPs Head Office, Karachi with the office-bearers and officials of the Institute of Chartered Accountants of Pakistan (ICAP). The ICAP was represented by Mr. Yacoob Suttar, President, ICAP; Syed Najmul Hussain, Vice President (South); Mr. Rashid Ibrahim, Chairman CPD Committee; Mr. Muhammad Maqbool, Member, National Council; and Mr. Feroz Rizvi, Chief Operating Officer. During the meeting, matters of professional interest were discussed. It was deliberated that the only two statutory institutions of the country need to extend hands of mutual cooperation to promote the profession of accountancy in Pakistan. It was emphasized that in order to face upcoming local and global business challenges, the two institutions shall enhance cooperation in all such areas which lead to corporate governance, transparency and efficiency. The bonding relationship between the two institutions will ultimately contribute towards economic development of the country. The President ICMA Pakistan raised the issue of restoration of exemptions previously offered to qualified and members of the Institute on which ICAP agreed-in-principle to restore exemptions, which will be notified after completion of due process of approval. Further, the President ICMAP initiated the discussion to exempt the articles to ICMAP members in lieu of industrial experience, to which again the ICAP showed agreement in principle. This will also be formalized after due approvals but will take more time due to the involvement of regulators also. In addition to this, it was also discussed and agreed that CA Firms will provide internships to students and training opportunities to newly qualified CMAs. The two institutions showed their commitment to jointly work for continuing professional development and engage in joint CPD activities. They also showed their keenness to explore areas where the two institutions can assist the government to make reforms agenda successful, help the regulators to develop better policies and to support public and private sector organizations to transform businesses. It was decided that the two institutions continue to enhance interaction to jointly address issues and to devise coherent strategy pertaining to the growth and development of profession and professional activities in Pakistan.

Meeting with Dr. Ishrat Husain, Dean and Director, IBA Karachi Karachi | May 08, 2015

Mr. Kashif Mateen Ansari, President, Institute of Cost and Management Accountants of Pakistan (ICMA Pakistan) met Dr. Ishrat Husain, Dean and Director, Institute of Business Administration (IBA) Karachi and former Governor, State Bank of Pakistan on 8th May, 2015 at IBA Main Campus, Karachi. During the meeting, matters of professional interest to promote higher education in Pakistan were discussed. Mr. Ansari acknowledged the role of IBA Karachi in providing business leaders to the industry whereas Dr. Husain applauded the efforts of ICMA Pakistan in producing such professionals who have sound knowledge of accounting, management accounting and finance to adequately run one of the key functions of any business organization.

The President ICMA Pakistan

presenting a memento to Dean & Director IBA, Karachi


The heads of two institutions explored the possibilities to work together to get benefit of each other expertise. It was also discussed to have collaboration in the areas of faculty development, continuing professional development, research and development, capacity building specially in the areas of communication and leadership, etc. The two institutions emphasized the need for entering into joint avenues for the promotion of higher education in Pakistan.

Branch Activities

Karachi

Seminar on Business Optimization through Cost and Management Accounting Karachi | May 02, 2015

The Karachi Branch Council organized a Seminar on Business Optimization through Cost and Management Accounting on May 02, 2015 at Karachi Main Campus. Mr. Hasan A Bilgrami, FCMA (President and Chief Executive Officer Bank Islami Pakistan Ltd), Mr. Fahim ul Hasan, (Partner A F Firguson and Company) and Mr. Humayyun Fareed Uddin, FCMA Chief Executive Unicorn Consulting Pvt. Ltd. were the main speakers. Mr. Khalid Mahmood, Chairman Karachi Branch Council and Syed Shariq Waqar, FCMA Convener Technical Committee KBC and were also present in this Seminar.

Corporate Meetings and Dignitaries Visit

Dr. Najam, Manager Corporate Relations, Dr. Essas

Laboratory along with his team visited ICMA Pakistan on May 11, 2015

Mr. Khalid Mehmood, Chairman, KBC (left) and Dr.

Najam, Manager Corporate Relations, Dr. Essas Laboratory signed a Corporate Partnership Scheme

(CPS) MoU on May 11, 2015

The Director Corporate Relations, ICMA Pakistan met

with the CEO, UK-Pakistan Chamber of Commerce and Industry on

May 5, 2015.

A Corporate Relations meeting with Chief Executive

Officer, FAMCO Associates (Pvt.) Limited held on May 7, 2015

A Corporate Relations meeting with Head of

Resourcing & Talent Management, Silk Bank Limited was arranged held on May 8, 2015

A Corporate Relations meeting with Chief Executive

Officer, Continental Shipping Agencies Private Limited held on May 14, 2015

A Corporate Relations meeting with General Manager

Finance, the Kidney Center held on May 14, 2015

A Corporate Relations meeting with Senior Manager Group Human Resources, Siddiqsons Limited held on

May 18, 2015

Ms. Maria Faisa, Asstt. Brand Manager and Ms. Beena, Executive Human Resource at TPL Direct

Insurance Limited visited ICMA Pakistan on May 25, 2015


Ms. Umaimah Muzzamil, Manager Pharmacy Services & HR, Pharm Evo (Pvt) Limited visited ICMA Pakistan

on May 26, 2015

A meeting was held with the Head of Human

Resources, Takaful Pakistan Limited on May 26, 2015

Shaikh M. Azam, Business Development Manager,

Consultants for Our Future World (Pvt) Limited visit to ICMA Pakistan on May 27, 2015

A Corporate Relations meeting with Human Resource Executive, A. F. Ferguson & Co., Chartered Accountants, A member firm of the PwC Network held on May 7, 2015.

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

Other CPD Events

Training Session on Oracle Awareness

Seminar on The Voice of Leadership

Two Day Workshop on ERP Implementation Oracle E-

Business Suit (General Ledger) Karachi | May 09, 2015 Karachi | May 14, 2015 Karachi | May 23, 2015

The Karachi Branch Council organized a training session on Oracle Awareness

on May 09, 2015 at Soldier Bazar Campus, Karachi.

Mr. Amir Nadeem, ACMA, Functional Consultant Inbox Technology was the

facilitator.

The training session was attended by members and final year students of the

Institute.

The Karachi Branch Council of ICMA Pakistan and CPD, Seminars &

Conferences Committee of National Council in Collaboration with Terra Biz organized a Seminar on The Voice of

Leadership on May 14, 2015. Mr. Muhammad Adnan Azam, Former Team Leader at Siemens Pakistan,

Saudi Arabia & Germany and a Certified Creative Trainer by International

Federation of Training & Development Organizations (IFTDO) was the

facilitator at the Seminar.

The Karachi Branch Council organized a workshop on ERP Implementation Oracle E-

Business Suit (General Ledger) on May 23, 2015.

Mr. Shoaib Jamal, FCMA was the Facilitator in this workshop. Mr. Khalid Mahmood, FCMA Chairman Karachi Branch Council was also

present in this program.

Student Picnic at Fiesta Park Karachi | May 27, 2015 Karachi Branch Council organized Students Picnic at Fiesta Water Park on May 27, 2015. All Students appreciated the efforts of Members, Organizers and its Team Member which included Mr. Muhammad Fahad, ACMA and Mr. Faisal Mobin, ACMA.


Lahore

Workshop on Time Management Series of Lecture on Thought Leaders New Frontiers of Entrepreneurship"

Lahore | May 09, 2015 Lahore | May 12, 2015

Lahore Branch Council organized a Workshop on Time Management on May 9, 2015 at ICMA Lahore. Mr. Amir Zahoor

was the main Trainer.

Lahore Branch Council organized a session of Thought Leaders Lecture Series on Economic Potentials in Pakistan on 12 May, 2015

at ICMA Lahore. Mr. Asad Umar, Ex-President & CEO Engro Foods was the main speaker.

Workshop on Project Management Skills Mehfil-e-Naat-e-Mustaf Lahore | May 19, 2015

Lahore | May 28, 2015

Lahore Branch Council organized a Workshop on Project

Management Skills Leading to PMI Certification on May 19, 21, 26, 28 and June 2, 3, 4, 2015 at ICMA Lahore. Mr. Ahsan Maqbool was

the main Trainer. Other speaker was Mr. Awais Yasin, ACMA Convener CPD Committee-LBC.

Members Welfare/ Student Affairs Committee of Lahore Branch Council organized a Mehfil-e-Naat-e-Mustafa , on May 28, 2015 at ICMAP

Lahore Campus. Mr. Muhammad Aslam Bhatti, FCMA, Vice President, Askari Bank was the chief Guest on the occasion. Mr. Saghir ul Hasan

Khan, FCMA Chairman, Members Welfare/ Student Affairs Committee and Mr. Habib ul Shami were also present on this occasion.


Islamabad

Workshop on IAS 19 & IFRS 2 Seminar on Interviewing Skills

Training Program on Microsoft Dynamic GP 2010

ERP Islamabad | May 16, 2015 Islamabad | May 22, 2015 Islamabad | May 23 & 24, 2015

The Technical Support and Practice

Development Committee of National Council of the Institute organized a

Workshop on IAS 19 & IFRS 2 Employee Benefits and Share Based Payments on, May 16, 2015 where Mr. Zahid H. Shah,

ACMA was the resource person.

Islamabad Branch Council organized a seminar on Interviewing Skills on May

22, 2015, which will equip the participants, will all the necessary

technique required to assess their worth. Where Muhammad Imran, FCMA Member

Islamabad Branch Council was the Chief Guest in this seminar.

Islamabad Branch Council organized a training program on Microsoft Dynamic

GP 2010 ERP on May 23-24, 2015 for members and students who were

interested to get hands-on training and expertise in Microsoft Dynamics.

Seminar on Company Incorporation; Procedure, Requirements & IT

Perspective

Workshop on LinkedIn Live One Day Insightful and Action Learning

Islamabad | May 27, 2015 Islamabad | May 30, 2015

Islamabad Branch Council organized a Seminar on

Company Incorporation; Procedure, Requirements & IT Perspective on May 27, 2015 to provide technical

and professional knowledge to members and students. Syed Jamal Ahmed Zaidi, FCMA and Mr.

Muhammad Akram Qureshi, Deputy Registrar, SECP were the main Speakers. Syed Mubashar Ali Shah,

ACMA Vice Chairman Islamabad Branch Council was the Chief Guest at the Seminar.

Islamabad Branch Councils Technical Support and Practice Development, TSPD Committee of National Council organized a workshop on LinkedIn Live One Day Insightful and Action Learning on May 30, 2015

at ICMAP Islamabad, where Dr. Ansir Rajput, Ph.D degree in Entrepreneurship, MBA from Babson

College, USA and BSEE, Sunny Buffalo, USA was the resource person at this workshop.

1. Pain is part of life and love, and it helps you grow. | 2. Mindset is half the battle. | 3. Your biggest fears dont really exist. | 4. You are growing through experience. | 5. You cant change situations you dont take responsibility

for. | 6. The present is all you really have to deal with. | 7. There is always, always, always something to be thankful for. | 8. Great things take time. | 9. Other people cannot validate you. | 10. You are not alone.


Faisalabad

Seminar on Labor Laws of Pakistan

An program on Management Accountant A Role Model

Workshop on Business Reporting and Analysis Using

MS Excel Faisalabad | May 08, 2015 Faisalabad | May 19, 2015 Faisalabad | May 24, 2015

The CPD Committee of Faisalabad

Branch Council organized a Seminar on Labor Laws of Pakistan on May 08,

2015. Mr. Nadeem Said, Certified Human Resource Professional was the

main speaker. Other speakers were Mr. Muhammad

Shahid, FCMA Vice Chairman Faisalabad Branch Council and Mr.

Abdul Shakoor, FCMA Convener, CPD Committee of Faisalabad Branch

Council.

The Students Affairs Committee of Faisalabad Branch Council organized

a seminar on Management Accountant as a Role Model on

May 19, 2015 at Faisalabad Campus. Mr. Mohammad Iqbal Ghori, FCMA Vice President ICMA Pakistan was

the chief guest and main speaker at the event. Other speaker at the

program was Mr. Sheeraz Sultan, ACMA Convener, Students Affairs Committee of Faisalabad Branch

Council.

The CPD Committee of Faisalabad Branch Council organized a Workshop

on Business Reporting and Analysis Using MS Excel on May 24, 2015 at

Faisalabad Campus. Mr. Tahir Mahmood Fazal was the Trainer.

Other speakers on the occasion were Mr. Muhammad Shahid, FCMA Vice

Chairman, Faisalabad Branch Council and Mr. Abdul Shakoor, FCMA Convener, CPD Committee of

Faisalabad Branch Council.

Multan

Seminar on IFRS Updates Multan | May 09, 2015

CPD & Students Affairs committee of Multan Branch Council organized a seminar on IFRS Updates on May 09, 2015 at ICMAP Multan Campus. Mr. Talat Javed, FCA Partner Talat Javed & Co., Chartered Accountants Firm was the Chief Guest. Mr. Kashif Adeel, ACA was the Guest Speaker. Mr. Muhammad Rafiq, Chairman and Mr. Muhammad Waqas Khalid, member of Multan Branch Council were also present on this occasion. A large numbers of ICMA & ICAP members and students attended the seminar.


Peshawar

Participation in Jang Education Expo Peshawar | May 19, 2015

ICMA Pakistan Peshawar Campus participated for the first time in Education Expo on May 19, 2015. Sardar Mehtab Ahmed Khan Abbasi, Governor KPK was the Chief Guest who also visited the ICMA Pakistan stall. More than 100 visitors get information about CMA profession and ICMA Pakistan. Being the first education expo for Peshawar Campus, it gave opportunity to introduce the Institute at mass level. The students who visited the stall were pleased to know that Institute is maintaining its own campus. The prospective students were invited to visit the Institute to experience facilities and to have one-on-one counseling session. The college teachers visited the stall were also requested to onward communicate students to spread CMA profession in their respective colleges. The students in particular and all other visitors were provided requisite information as per guidelines received form the Head Office and Regional Headquarters.

Sardar Mehtab Ahmed Khan Abbasi, Governor KPK is visiting ICMA Pakistans

stall at Peshawar

Mr. Adeel Zeb Khan receiving Institutes participation plaque from Sardar

Mehtab Ahmed Khan Abbasi, Governor KPK

Hyderabad

Annual Book Fair and Education Expo Hyderabad | May 21, 2015

A 3-day Annual Book Fair and Education Expo was organized from May 21 to 23, 2015 at Hyderabad Gymkhana. The leading book publishers from Karachi and Hyderabad participated in the book fair and offered considerable discount on purchase of books. Further leading Educational Institutes, Universities, colleges and schools participated in the Education Expo. The event with a combination of Book Fair and Education Expo was unique and it attracted students as well parents. The students in particular and other visitors in general were apprised about Cost and Management Accounting profession and the Institute. The students enquired about admissions, exemptions, entry streams and commencement of sessions.


Membership

Induction of New Fellows and Associate Members

Examinations

Result 2015 Professional Competence Level Examination 01 Result CMA Final Completed Nationwide | May 24, 2015

Sr. Registration No. Name Roll No. Centre

1 00911916 Amin Noorali Ebrahim 1002 Karachi

2 00931831 Mohammad Ilyas 1003 Karachi

3 00950749 Rizwan Ali Zeb 1004 Karachi

4 20020812 Kiran Hassan 1009 Karachi

5 20031924 Muhammad Ovais Arif 1010 Karachi

6 20040141 Mirza Ishaq Baig 1012 Karachi

7 20041127 Muhammad Ali 1014 Karachi

8 20060399 Farhan Ullah Khan 1020 Karachi

9 20060402 Muhammad Saad Nasir 1021 Karachi

10 20070451 Khalid Ashraf 1027 Karachi

11 20081209 Muhammad Salman Baig 1030 Karachi

12 20081648 Shamsa Jabeen 1031 Karachi

13 20100058 Saher Shafiq 1032 Karachi

14 20100457 Talha Zia 1038 Karachi

15 20100490 Muhammad Mohsin Sadiq 1039 Karachi

16 20101036 Aamir Farooqi 1041 Karachi

17 20110161 Muhammad Usman Mughal 1043 Karachi

18 20110959 Walled Bin Amin Khan 1046 Karachi

19 20000011 Fareed Ahmed 1061 Karachi

20 20060750 Aneela Asif 1107 Islamabad

21 20070130 Usman Razzaq 1112 Islamabad

22 20100704 Beenish Hameed 1131 Islamabad

23 20111017 Farooq Ahmed 1141 Islamabad

New Fellow Members

Sr. Name M/Ship No.

1 Syed Owais Wasti F-1680 2 Riasat Ali Tiwana F-1681 3 Muhammad Tanweer F-1682 4 Mohsan Atta F-1683 5 Omar Saeed F-1684 6 Kashan Samuel F-1685 7 Muhammad Aatif F-1686 8 Shahab Uddin F-1687 9 Muhdassir Saleem F-1688

10 M. Khalil-ur- Rehman F-1689 11 Abaid-ur-Rehman F-1690 12 Fareed Sherali Panjwani F-1691 13 Atiq F-1692 14 Muhammad Faraz F-1693

New Associate Members

Sr. Name M/Ship No.

1 Mr. Abid Mehmood A-6032 2 Muhammad Yasir Khan A-6033 3 Faisal Ahmed Khan A-6034 4 Faiza Tabussam A-6035 5 Arish Javaid A-6036 6 Riasat Ali A-6037 7 Tahir Manzoor A-6038 8 Yaser Bashir A-6039 9 Niaz Ali A-6040

10 Muhammad Zeeshan Haider A-6041 11 Muhammad Amir Ilyas A-6042 12 Junaid Iqbal A-6043 13 Muhammad Imran Nazir A-6044 14 Muhammad Ahmad Hanif A-6045 15 Madah Hussain A-6046 16 Tariq Mahmood A-6047 17 Muhammad Tariq A-6048 18 Muhammad Abubakr Saleem A-6049


24 20111639 Ameer Hamza 1145 Islamabad

25 20122638 Ifrah Jamil 1149 Islamabad

26 20050909 Muhammad Hasham 2106 Multan

27 20100991 Rabia Bashir 2119 Multan

28 20110108 Asia Fiyaz 2121 Multan

29 20100439 Abdul Qadeer Farooq 3105 Faisalabad

30 20110227 TanvirSajid 3106 Faisalabad

31 00941002 Muhammad Zulfiqar Khan 4103 Lahore

32 20001021 Muhammad Zahid Latif 4107 Lahore

33 20012214 Tahir Amin 4109 Lahore

34 20021405 Iftikhar Ahmad 4110 Lahore

35 20051214 Muhammad Jawad Aslam 4115 Lahore

36 20061520 Shahzad Hussain 4119 Lahore

37 20070908 Maria Mustaffa 4121 Lahore

38 20081246 Muhammad Imran Bhutta 4125 Lahore

39 20081934 Syed Mudassar Abbas Naqvi 4127 Lahore

40 20081975 Zain Assad 4128 Lahore

41 20090465 Abdul Wahab 4129 Lahore

42 20090605 Ahmad Naeem Butt 4130 Lahore

43 20090906 Maryam Iqbal 4131 Lahore

44 20091655 Aqib Hussain 4134 Lahore

45 20100268 Muhammad Anas Hassan 4137 Lahore

46 20100514 Ashfaq Mansha 4138 Lahore

47 20110714 Talha Zafar 4147 Lahore

48 20110715 Muhammad Umair Sheikh 4148 Lahore

49 20110818 Muhammad Yasin 4151 Lahore

50 20111214 Muhammad Shazib Nawaz Ahmed 4152 Lahore

51 20091014 Ali Raza 5102 Dubai (U.A.E)

52 20070512 Hafiz Anis Ur Rehman Shamsi 5103 Dubai (U.A.E)

Practice Development

Certificate of Practices

President ICMA Pakistan nominated as Member of FBR Committee on Broadening of Tax Base The Federal Minister for Finance, Revenue, Economic Affair, Statistics and Privatization has constituted a committee on Broadening of Tax Base vide FBR letter No F.4 (4) DS (IERU- I)/ 2015 dated 16th May, 2015. It is matter of great pleasure that, President ICMAP has been nominated as Member of the said Committee. Following is the scope of the Committee for Broadening of Tax Base:

a. Review and rationalization of direct and indirect taxes with a view to broadening the net. b. To recommend and discuss new tax measures. c. To provide input on different tax policy issues enabling the Government to adopt a pluralistic view representing divergent

interest group, and at the same time enhance tax revenues. d. To deliberate upon and suggest measures for extending tax net. e. To propose legislation which would minimize opposition and increase compliance to law. f. Assist in any other task assigned by the Finance Minister.

Worthy members are requested to forward their suggestions on Broadening of Tax Base at [email protected] for compilation and submitting to the committee.

Renewal of Certificate of Practice (RCOPs):

Sr. M/ship No. Name

1 F-562 Mohammad Ashraf Khan

Issuance of New Certificate of Practice (COPs)

Sr. M/ship No. Name

1 F-612 Munawar Hussain

2 A-4416 Majid Iqbal Mallick


Corporate Relations & Communication

The CR&C Department, South Region materialized following Placements & Internships in the month of May 2015:

Placements

Sr. Name of Member /

Student

Membership /

Registration

No.

Title of New Job Employer's Designation

New Org.

Name of New Org.

1 Abdul Jabbar 20100367 Junior Officer Senior Manager Finance State Bank of Pakistan

2 Adil Abdullah 20122215 Trainee Customer Officer Human Resource Officer Bankislami Pakistan Limited

3 Aqsa Ghazal 20112284 Management Trainee Officer Asstt. Director T&DD/SBP-BSC Martin Daw Limited

4 Ayaz Ali Korkani 20100079 Trainee Customer Officer Human Resource Officer Bankislami Pakistan Limited

5 Hafiz M. Haris Hayat 20133941 Junior Officer Human Resource Manager Burj Bank Limited

6 Hafiz Muhammad Saad 20132709 Trainee Customer Officer HR Analyst Bankislami Pakistan Limited

7 Ilahi Bux Salimee 20101086 Assistant Accountant Manager Finance Icon Securities (Pvt) Limited

8 Imran Khan 20110172 Assistant Accountant Not-Disclosed Seham Printer (Pvt) Limited

9 Iqlal Hussain 20131976 Trainee Customer Officer Audit Officer Bankislami Pakistan Limited

10 Irfan Hussain 20060939 Finance Executive Group Head of Finance Procter & Gamble Pak (Pvt) Ltd.

11 Jawad Ali Memon 20070779 Assistant Manager Finance Chief Operating Officer (COO) Naveena Group

12 KaleemullahBaig 20121293 Trainee Customer Officer Human Resource Officer Bankislami Pakistan Limited

13 Kashif Ali Rajput 20070865 Accountant Manager Finance S. S. Corporation (Pvt.) Limited,

14 Mohib Ali Jamshed 20141116 Trainee Customer Officer Human Resource Officer Bankislami Pakistan Limited

15 Muhammad Abdul Ghafoor 20021099 Accounts Officer Manager Finance Reliance Securities (Pvt) Limited

16 Muhammad Junaid Yaqoob 20062124 Accounts Officer Dy. Manager HR Umar Spinning Mills

17 Muhammad Sajid A-5475 Manager Supply Chain Team Leader HRD Tabba Heart Institute

18 Muhammad Usman Mughal 20110161 Internal Audit Officer General Manager HR Soorty Enterprises

19 Muhammad Zubair Dahi 20110135 Finance Executive Asst. Manager HR Bandhani Group of Companies

20 Musfar Khalid 20100228 Trainee Customer Officer Assistant Manager - Taxation

Financial Control Department

Bankislami Pakistan Limited

21 Muzamil Hussain 20090033 Management Trainee Officer Human Resource Officer Siemens Pakistan Engineering

Company Limited

22 Rimsha Arif 20131739 Trainee Customer Officer Asstt. Director T&DD/SBP-BSC Bankislami Pakistan Limited

23 Rizwan Ali Zeb 00950749 Manager Accounts Team Leader HRD International Multi Group

24 Syed Mustafa Adeel Bukhari 20100787 Assistant Accountant Dy. Manager HR Khawaja & Sons

25 Urooj Shujaat 20123918 Management Trainee Officer Not-Disclosed Martin Daw Limited

Internships

Sr. Name of Member /

Student

Registration

No.

Title of

New Job

Employer's Designation

New Org.

Name of New Org.

1 Bilal Ahmed 20122075 Intern Not-Disclosed Express Media Group

2 Waleed Sayeed 20130228 Intern Manager Accounts Express Group

3 Muhammad Tabish Siddiqui 20122316 Intern General Manager Finance Meezan Bank Limited

4 Mazharul Haq 20100738 Intern General Manager Finance Meezan Bank Limited

5 Muhammad Osama Tahir 20123940 Intern Deputy Manager Human Resources Indus Hospital

6 Muhammad Hamza Tahir 20123941 Intern Senior Manager Indus Hospital

7 Subhan Zaheer 20122029 Intern Human Resource Officer Reliance Securities (Pvt) Limited


8 Ufra Shamim 20130277 Intern Deputy Manager Human Resources Siemens Pakistan Engineering Company Ltd.

9 Muhammad Noor Alam 20132075 Intern Manager Finance Siemens Pakistan Engineering Company Ltd.

10 Hafiz Imran Marghoob 20123787 Intern Assistant Director T&DD / SBP-BSC Siemens Pakistan Engineering Company Ltd.

11 Muhammad Daniyal Hanif 20120041 Intern Assistant Director T&DD / SBP-BSC State Bank of Pakistan

12 Ilma Mushtaq 20124057 Intern Human Resource Officer State Bank of Pakistan

13 Muhammad Hammad Zafar 20122186 Intern Human Resource Officer State Bank of Pakistan

14 Fareeha Nazar 20121995 Intern Manager Finance Pakistan Insulations (Pvt.) Ltd

15 Muhammad Osama Khan 20122170 Intern Accountant Ghazi Brothers

Walk-in Test / Interviews sessions

The CR&C Department, South Region arranged the following Walk-in Test/Interview sessions during in the month of May 2015:

Sr. Organization Date Interview Venue Position for

1 Siemens Pakistan Engineering Company Limited 11-May-15 Organization Premises Interns

2 Badar Expo 26-May-15 Organization Premises Accountant, Assistant Accountant & Internship

3 Premier Groups of Companies 28-May-15 Organization Premises Accounts Office, Audit Officer & Tax Officer

4 Karachi Medical Centre 28-May-15 Organization Premises Accounts Officer & Assistant Accountant

Other News

Email ID for Suggestions

To facilitate members and students to share their suggestions for improvement of the Institute and its systems including any prudent ideas about image building of the profession, a new email ID [email protected] has be created. The main stakeholders are requested to send their suggestions on the specified ID instead of sending it to social media or any other destination which may not help in achieving their objectives.

Obituary

Mr. Mohammad Sarwar, F-202 died in the month of May 2015. He completed his studies in 1970 under registration no. 00007233 and was admitted to Associate Membership in November, 1974. He became a Fellow Member of the Institute in September, 1980

Articles Published by Council Members

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


Presidents Article on National Budget Considerations

Vice Presidents Article on Widen the Spectrum of Audit

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Documents

Icmap Newsletter May 2015