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    The Prime Minister and Federal Cabinet of Pakistan approved an amendment to the Cost and Management Accountants Act on December 12, 2012. The amendment had been requested by the National Council of the Institute of Cost and Management Accountants of Pakistan in May 2012. The approval aligns the designation of members with international practices, designating them as Chartered Management Accountants. The amendment bill will now go to the National Assembly and Senate for passage through a simple majority vote.

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    The Prime Minister and Federal Cabinet of Pakistan approved an amendment to the Cost and Management Accountants Act on December 12, 2012. The amendment had been requested by the National Council of the Institute of Cost and Management Accountants of Pakistan in May 2012. The approval aligns the designation of members with international practices, designating them as Chartered Management Accountants. The amendment bill will now go to the National Assembly and Senate for passage through a simple majority vote.

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    9 views1 page

    News PDF Federal Cabinet PDF

    Uploaded by

    production4605
    The Prime Minister and Federal Cabinet of Pakistan approved an amendment to the Cost and Management Accountants Act on December 12, 2012. The amendment had been requested by the National Council of the Institute of Cost and Management Accountants of Pakistan in May 2012. The approval aligns the designation of members with international practices, designating them as Chartered Management Accountants. The amendment bill will now go to the National Assembly and Senate for passage through a simple majority vote.

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    Institute of Cost and Management Accountants of Pakistan

    Estd. 1951

    1951

    (Constituted under the Cost and Management Accountants Act 1966)

    Ref. No. Mem/CMA-Act/0001

    December 13, 2012

    Prime Minister and Federal Cabinet Passes Cost and Management Accountants (Amendment) Bill 2012

    Dear Member, Faculty, Student and Staff of ICMAP, Alhamdolillah, on behalf of the National Council, it gives me immense pleasure to inform you that the Prime Minister and Federal Cabinet of Pakistan has accorded approval to the Cost and Management Accountants (Amendment) Bill 2012 on 12th December, 2012. The National Council requested for this amendment on 14th May, 2012. It is an epic occasion for all the members, faculty, students and staff of the Institute. News item about this development is available on placed below link of Dailies Jang, Business Recorder and The Nation. http://e.jang.com.pk/12-13-2012/karachi/pic.asp?picname=1846.gif http://www.brecorder.com/market-data/stocks-a-bonds/0/1267508/ http://www.nation.com.pk/pakistan-news-newspaper-daily-english-online/editors-picks/13Dec-2012/graft-reports-roil-cabinet-meeting As you are aware that the National Council, immediately after taking charge made its priority to align the designation of the members in accordance with international practices i.e. Chartered Management Accountants, which was also long awaited demand of the members. The next step would be passing of this Bill by the National Assembly and Senate through simple majority. I am sure that this would also be done soon. I will keep sharing with you, the details on these monumental developments. Congratulations to every one! With profound regards,

    Zia ul Mustafa, President & Chief Executive

    Head Office: ST-18/C, Block 6, Gulshan-e-Iqbal, Karachi-75300 Pakistan Phones: (92-21) 99243900 Fax: (92-21) 99243342 Email: member@icmap.com.pk , Website: www.icmap.com.pk Education Centres: Abottabad, Faisalabad, Gilgit, Hyderabad, Karachi (Gulshan-e-Iqbal and City Campus), Kohat, Lahore, Mirpur (A.K.), Multan, Peshawar, Quetta and Sargodha

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