Institute of Cost and Management Accountants of Pakistan

Institute of Cost and Management Accountants of Pakistan
Abbreviation	ICMA Pakistan
Formation	May 23, 1951, 72 years ago
Headquarters	ICMAP Building, ST-18/C ICMAP Avenue, Block 6 Gulshan-e-Iqbal, Karachi - 75300
Locations	U.A.E, KSA, UK, Canada, Australia, USA, Qatar
Campuses	11
Coordinates	24° 55' 10.63" N, 67° 5' 50.35" E
Membership	over 7,000
Official Language	English, Urdu
President	Shehzad Ahmed Malik, FCMA
Vice President	Muhammad Yasin, FCMA
Executive Director	Amir Ijaz Khan, FCMA
Affiliations	International Federation of Accountants (IFAC), South Asian Federation of Accountants (SAFA)
Students	approx. 15,000
Facebook	https://www.facebook.com/icmapak
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.

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:

Year	Name	Role	Organization
1951–1955	Muhammad Shoaib	Founder President, Finance Minister	Finance Minister of Pakistan
1956–1962	Mumtaz Mirza	Secretary	Ministry of Finance, Govt. of Pakistan
1963–1965	Mushtaq Ahmed	Controller & Auditor General	Govt. of Pakistan
1966–1969	Muhammad Shoaib	Founder President, Finance Minister	Finance Minister of Pakistan
1970–1972	Iqbal Ahmed	Secretary and Chief Accountant	Sui Gas Transmission Company
1973–1975	Muhammed Yakub	Secretary	Ministry of Commerce, Govt. of Pakistan
1976–1978	Khurshid Ahmed	Managing Director	Pak Glass Ltd.
1979–1990	Riaz Ahmed Bokhari	Controller & Auditor General	Govt. of Pakistan
1991–1996	Mian Mumtaz Abdullah	Chairman	CLA (Now SECP)
1997–1999	Prof. Dr. Khawaja Amjad Saeed	Pro-Vice Chancellor	University of the Punjab
2000	M. H. Asif	General Manager (Management Services)	Sui Southern Gas Company Limited
2001	M. Ashraf Bawany	Deputy General Manager Finance	BOC Pakistan Limited
2002	Badruddin Fakhri	Director (Finance & Admin)	Pioneer Cement Limited
2003–2004	Sher Afgan Malik	Director	Adept (Pvt.) Ltd.
2005	Muhammed Rafi	General Manager Finance	Oil & Gas Development Company Ltd
2006–2008	Sher Afgan Malik	Director	Adept (Pvt.) Ltd.
2009–2011	Hasan A. Bilgrami	President & Chief Executive Officer	Bank Islami Pakistan Limited
2012–2014	Zia-ul-Mustafa Awan	CFO & Business Administrator	Expo Lahore (Pvt.) Limited
2015–2016	Kashif Mateen Ansari	Chief Executive Officer	Sachal Energy Development (Pvt) Limited
2016–2017	Mohammad Iqbal Ghori	Director Strategic Planning & CFO	Sadaqat Limited
2018-2022	Zia-ul-Mustafa Awan	CFO & Business Administrator	Expo Lahore (Pvt.) Limited
2022 – present	Shehzad Ahmed Malik	CEO	SMNCO

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

Shehzad Ahmed Malik, FCMA (President)
Muhammad Yasin, FCMA (Vice President)
Shaham Ahmed, FCMA (Honorary Secretary)
Marryum Pervaiz, FCMA (Honorary Treasurer)

Council members

Ghulam Mustafa, FCMA CEO, Tariq Qazi Management Consulting (TQMC)
Abdul Qayyum, FCMA CFO, Diamer Basha Development Company (Pvt.) Ltd. (WAPDA)
Intzar Hussain, FCMA Finance Manager, Abu Dhabi National Paper Mill
Azeem Hussain Siddiqui, FCMA Partner, Naveed Zafar Ashfaq Jaffery & Co

Government Nominees

The current government nominees are

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

Members

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

Overseas members

Region	Number 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:

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

ICMA Pakistan's publications encompass a variety of formats, each serving a distinct purpose within the institute's ecosystem. The Chartered Management Accountant, the official journal of ICMA Pakistan, stands as a beacon of authoritative insights, published bi-monthly to keep professionals abreast of the latest trends and best practices in management accounting.

Complementing this is the institute's student-focused initiative, a bi-monthly e-magazine that provides a vibrant platform for students to share experiences, perspectives, and updates within the dynamic world of cost and management accounting.

To ensure a seamless flow of information, ICMA Pakistan issues a monthly newsletter, connecting the institute with its members and students. This newsletter acts as a chronicle of achievements, updates on events, and a conduit for important announcements, fostering a sense of community within the ICMA family.

International affiliations

The ICMAP is a member of:

International Federation of Accountants (IFAC)
International Accounting Standards Board (IASB)
Confederation of Asian and Pacific Accountants (CAPA)
South Asian Federation of Accountants (SAFA)
Inspiring Global Governance Standards (ICGN)

Overseas Branch Councils

ICMAP has seven overseas branch councils.

United Arab Emirates
Kingdom of Saudia Arabia
United Kingdom
Canada
Australia
United Stated of America
Qatar

References

^ "ICMA PAKISTAN". www.icmap.com.pk. Retrieved 2016-12-19.
^ "act_n_regulations.pdf" (PDF). docs.google.com. Retrieved 2016-12-19.
^ "Pakistan | IFAC". www.ifac.org. Retrieved 2016-12-19.
^ "Confederation of Asian and Pacific Accountants (CAPA)". www.capa.com.my. Retrieved 2016-12-19.
^ "Member Bodies | South Asian Federation of Accountants". www.esafa.org. Retrieved 2016-12-19.

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Americas	AICPA · IMA · BICA · CPA Canada · CISPA · ICAB · ICAG · ICAJ · ICATT
Oceania	CA ANZ · CPA Australia · IPA