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Institute of Cost and Management Accountants of Pakistan

Professional body in Pakistan From Wikipedia, the free encyclopedia

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

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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).

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Presidents

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The following is a list of presidents of the institute:

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Council members and government nominees

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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 are 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
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Members

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

Overseas members

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Campuses

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

  • Karachi
  • Lahore
  • Islamabad
  • Faisalabad
  • Multan
  • Peshawar
  • Hyderabad
  • Quetta
  • Sukkur

Publications

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

  • The official flagship journal of ICMAP – CHARTERED MANAGEMENT ACCOUNTANT
  • ICMA's Students’ e-magazine
  • Newsletter

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

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