Institute of Cost and Management Accountants of Pakistan

Last updated
Institute of Cost and Management Accountants of Pakistan
Logoicma.png
AbbreviationICMA Pakistan
FormationMay 23, 1951, 72 years ago
Headquarters ICMAP Building, ST-18/C ICMAP Avenue, Block 6 Gulshan-e-Iqbal, Karachi - 75300
LocationsU.A.E, KSA, UK, Canada, Australia, USA, Qatar
Campuses11
Coordinates24° 55' 10.63" N, 67° 5' 50.35" E
Membershipover 7,000
Official LanguageEnglish, Urdu
PresidentGhulam Mustafa Qazi, FCMA
Vice PresidentMuhammad Yasin, FCMA
Executive DirectorAmir Ijaz Khan, FCMA
AffiliationsInternational Federation of Accountants (IFAC), South Asian Federation of Accountants (SAFA)
Studentsapprox. 15,000
Website https://www.icmainternational.com

The Institute of Cost and Management Accountants of Pakistan (ICMAP) is a professional accounting body offering qualification and training in management accountancy.

Contents

The Institute of Cost and Management Accountants of Pakistan was established in 1951 and was granted statutory status under the Cost and Management Accountants Act, 1966 [1] [2] for the regulation of the profession of Cost and Management Accounting. ICMAP is a full member of International Federation of Accountants [3] (IFAC), International Accounting Standards Board (IASB), Confederation of Asian and Pacific Accountants [4] (CAPA) and South Asian Federation of Accountants [5] (SAFA).

Presidents

The following is a list of presidents of the institute:

YearNameRoleOrganization
1951–1955Muhammad ShoaibFounder President, Finance MinisterFinance Minister of Pakistan
1956–1962Mumtaz MirzaSecretaryMinistry of Finance, Govt. of Pakistan
1963–1965Mushtaq AhmedController & Auditor GeneralGovt. of Pakistan
1966–1969Muhammad ShoaibFounder President, Finance MinisterFinance Minister of Pakistan
1970–1972Iqbal AhmedSecretary and Chief AccountantSui Gas Transmission Company
1973–1975Muhammed YakubSecretaryMinistry of Commerce, Govt. of Pakistan
1976–1978Khurshid AhmedManaging DirectorPak Glass Ltd.
1979–1990Riaz Ahmed BokhariController & Auditor GeneralGovt. of Pakistan
1991–1996Mian Mumtaz AbdullahChairmanCLA (Now SECP)
1997–1999Prof. Dr. Khawaja Amjad SaeedPro-Vice ChancellorUniversity of the Punjab
2000M. H. AsifGeneral Manager (Management Services)Sui Southern Gas Company Limited
2001M. Ashraf BawanyDeputy General Manager FinanceBOC Pakistan Limited
2002Badruddin FakhriDirector (Finance & Admin)Pioneer Cement Limited
2003–2004Sher Afgan MalikDirectorAdept (Pvt.) Ltd.
2005Muhammed RafiGeneral Manager FinanceOil & Gas Development Company Ltd
2006–2008Sher Afgan MalikDirectorAdept (Pvt.) Ltd.
2009–2011Hasan A. BilgramiPresident & Chief Executive OfficerBank Islami Pakistan Limited
2012–2014Zia-ul-Mustafa AwanCFO & Business AdministratorExpo Lahore (Pvt.) Limited
2015–2016Kashif Mateen AnsariChief Executive OfficerSachal Energy Development (Pvt) Limited
2016–2017Mohammad Iqbal GhoriDirector Strategic Planning & CFOSadaqat Limited
2018-2022Zia-ul-Mustafa AwanCFO & Business AdministratorExpo Lahore (Pvt.) Limited
2022-2025Shehzad Ahmed MalikCEOSMNCO

Council members and government nominees

The council is a supreme decision-making body of the institute. Being at the helm of affairs, it is responsible for overall management of the institute. The Council performs its responsibilities under the Act and Regulations which authorizes it for managing resources /affairs of all kinds. The council is for three years. It has twelve members, eight of whom are elected by the members of the Institute and four are nominated by the Government of Pakistan. The nominees usually belonged to Ministry of Finance (MoF), Securities and Exchange Commission of Pakistan (SECP), Auditor General of Pakistan (AGP), Federal Board of Revenue (FBR), State Bank of Pakistan (SBP) and any other government regulatory bodies.

The office bearers of National Council comprised of President, Vice President, Secretary and Treasurer, who are elected from amongst members of the council. The President acts as Chief Executive of the council. As of 2024, Council members of the Institute are as follows:

Office bearers

  1. Ghulam Mustafa Qazi, FCMA (President)
  2. Muhammad Yasin, FCMA (Vice President)
  3. Azeem Hussain Siddiqui, FCMA (Honorary Secretary)
  4. Abdul Qayyum, FCMA (Honorary Treasurer)

Council members

  1. Shehzad Ahmed Malik, FCMA CEO, Shehzad Malik Co Management Consultants
  2. Shaham Ahmed, FCMA GM Finance, Suzuki Motors Pakistan
  3. Intzar Hussain, FCMA Finance Manager, Abu Dhabi National Paper Mill
  4. Marryum Pervaiz, FCMA Director, Competition Commission of Pakistan

Government Nominees

The current government nominees are

  1. Saleemullah, FCMA Deputy Governor, State Bank of Pakistan
  2. Abdul Rehman Warraich Commissioner, Securities and Exchange Commission of Pakistan
  3. Muhammad Kamran Shahzad, ACMA Deputy Chief Cost Accounts Officer, Finance Division Government of Pakistan
  4. (Vacant), Deputy Auditor General (Policy), Auditor General of Pakistan

Members

ICMAP has over 7,000 members, out of which % working abroad.

Overseas members

RegionNumber of members
Middle East & Gulf Countries %
USA & Canada %
Europe %
Australia %
Others %

Campuses

Following are the cities in which campuses of ICMAP Institute of Cost and Management Accountants are located:

Publications

The Institute produces a diverse range of publications that cater to the needs of its members, students, and the wider professional community:

International affiliations

The ICMAP is a member of:

Overseas Branch Councils

ICMAP has seven overseas branch councils.

  1. United Arab Emirates
  2. Kingdom of Saudi Arabia
  3. United Kingdom
  4. Canada
  5. Australia
  6. United States of America
  7. Qatar

See also

References

  1. ↑ "ICMA PAKISTAN". www.icmap.com.pk. Retrieved 2016-12-19.
  2. ↑ "act_n_regulations.pdf" (PDF). docs.google.com. Retrieved 2016-12-19.
  3. ↑ "Pakistan | IFAC". www.ifac.org. Retrieved 2016-12-19.
  4. ↑ "Confederation of Asian and Pacific Accountants (CAPA)". www.capa.com.my. Retrieved 2016-12-19.
  5. ↑ "Member Bodies | South Asian Federation of Accountants". www.esafa.org. Retrieved 2016-12-19.
V · T · EIFAC Member Bodies and Associates[hide]
Asia IICA · ICAI · ICMAI (formerly ICWAI) · ICAN · ICASL · ICMASL · ICAB · ICMAB · ICMAP · ICAP · ICPAI · PIPFA · MIA · CICPA · HKICPA · ISCA · PICPA · IUAA · IAI · JICPA
Africa LICPA · ICAG · ICPAK · ICAN · ICAN · ICASL · ONECCA · SAICA · SAIPA · NBAA · OECT · ICPAU · ICAZ
Europe AAT · ACCA · CA Ireland · CPA Ireland · CIMA · CIPFA · ICAEW · ICAS · IDW · IEKA · IFA · OEC · KSW
Americas AICPA · IMA · BICA · CPA Canada · CISPA · ICAB · ICAG · ICAJ · ICATT
Oceania CA ANZ · CPA Australia · IPA
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.