Institute of Cost & Management

Accountants of Pakistan
Chartered by Government of Pakistan under Cost & Management Accountants Act, 1966
to regulate and promote the profession of Management Accountancy

Estd. 1951
NEWSLETTER November- 2005
Volume 1.9

ICMAP National Council

PRESIDENT
Muhammad Rafi

VICE PRESIDENT CONTENTS . . .

Qaisar Mufti

HONORARY TREASURE/
(ACTING) HONORARY SECRETARY
Muhammad Azam Khan Shad • MANAGEMENT ACCOUNTING STUDENTS’ CONFERENCE – 2005 BY
MEMBERS
KARACHI BRANCH COUNCIL AT HOTEL MARRIOTT.
Badruddin Fakhri
M. Ashraf Bawany
Prof. Dr. Khawaja Amjad Saeed • DEBATE ON “ROLE OF ACCOUNTANTS AS BUSINESS PARTNERS”
Sher Afgan Malik
Sajid Hasan AT LAHORE CENTRE.
Riyaz H. Bokhari
Mian Mumtaz Abdullah • MEHFIL-E-NAAT KHWANI AT LAHORE CENTRE.
CENTRES

KARACHI:
Gulshan-e-Iqbal Campus:
• 10TH MANAGEMENT ACCOUNTANTS INTERNATIONAL
ICMAP Building, ST-18/C, Block-6, CONFERENCE AT ISLAMABAD.
Gulshan-e-Iqbal, Karachi-75300.

City Campus:
Hussain Shah Shaheed Road, • MEETINGS HELD IN OCTOBER – 2005.
Soldier Bazar, Karachi- 74400
Ph: (92-21) 9215050

ISLAMABAD:
Plot # 16, Sector H/9, Journal & Publications Committee
Islamabad.
Ph: (92-51) 4434915, 16 & 18
Fax: (92-51) 4434827
Email: isb@icmap.com.pk Chairman Maudood Ahmad Lodhi
Members Qaisar Mufti
LAHORE: Badruddin Fakhri
42, Ferozepur Road, Lahore.
Ph: (92-42) 7578494, 7533045-6 Prof. Dr. Khawaja Amjad Saeed
Fax: (042) 758185 Muhammad Ashraf Bawany
Email: lhr@icmap.com.pk

OTHER CENTRES: Service Departments

Multan, Faisalabad, Peshawar, Quetta
Hyderabad, Kohat, Abbotabad, Gilgit
and Sargodha. Newsletter Administration Journal and Publications Section
HEAD OFFICE: jps@icmap.com.pk
ICMAP Building, ST-18/C, Block-6,
Gulshan-e-Iqbal, Karachi-75300. Layout Designing IT Department
Ph: (92-21) 9243900, 1, 2 & 4
Fax: (92-21) 9243342
Email: ed@icmap.com.pk 1
Website: www.icmap.com.pk
 ICMAP Newsletter
November- 2005

Conferences / Seminars / Courses/ Other Events

KARACHI

MANAGEMENT ACCOUNTING STUDENTS’ CONFERENCE-2005

Under the auspices of Karachi Branch Council, students of ICMAP organized “18th
Management Accounting Students’ Conference-2005” on October 01, 2005 at hotel
Marriott, Karachi. The theme of the conference was “Challenges in WTO Regime”.
Mr. Sher Afgan Malik was the Chief Guest on the occasion. The conference
consisted of following four technical sessions:

• Challenges and Opportunities for Pakistan

• Free Trade Regime
• Quality Standard – ISO 9000
• Corporate Governance

The technical paper presented by Ms. Aisha Javed of Professional-IV stage was
declared to be the best technical paper.

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November- 2005

LAHORE

DEBATE ON “ROLE OF ACCOUNTANTS AS BUSINESS PARTNERS”

The Lahore center of the Institute organised a debate on “ Role of Accountants as

Business Partners” on Monday October 03, 2005 at ICMAP Lahore centre.

Mr. Tariq Saeed FCMA, Advisor, Central Region ICMAP, Mr. Faryad Hussain Malik
FCMA and Prof. Nizamuddin acted as the judges on the occasion.

Presentations on the subject were made by the following students:

Sr. No. Names Part

1 Miss Sajida Foundation-I
2 Mr. Abdul Qayyum Foundation-I
3 Mr. Muhammad Naveed Ahsan Foundation-I
4 Mr. Ahmad Shabbir Foundation-II
5 Mr. Mohammad Masood Foundation-II
6 Chaudhary Imran Wali Professional-I
7 Mr. Imran Nawaz Professional-I

M/s Imran Nawaz, Ahmad Shabbir, and Chaudhary Imran Wali were declared to be
1st, 2nd and 3rd in the competition.

Earlier the address of welcome was presented by Mr. Tariq Saeed, FCMA, the
Advisor Central Region. In his address, he urged the students to develop soft skills
i.e. communication skills, personality development etc for success in career. He
added that in addition to attainment of technical competencies and skills, the
students should have the soft skills to perform better as employees or consultants.

Mr. Faryad Hussain Malik, FCMA and Prof. Nizam ud Din also shared their views on
the occasion.

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November- 2005

MEHFIL-E-NAAT KHWANI

A Mehfil-e-Naat Khawani was held at ICMAP, Lahore centre on October 20, 2005.
Naats were presented by the following employee and students of the Institute:

1 Mr. Anwar ul Haque Admin Officer, ICMAP, Lahore

2 Mr. Fasih Ullah Suri Foundation-I
3 Mr. Muhammad Farhan Yousaf Foundation-II
4 Mr. Muhammad Masood Fareed Foundation-II
5 Mr. Raees ur Rehman Foundation-II
6 Miss Maleeha Tahir Professional-I
7 Miss Shagufta Bano Professional-I
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November- 2005

8 Mr. Aun Haider Professional-I

9 Mr. Irfan ul Haque Professional-I
10 Mr. M. Arsalan Rana Professional-I
11 Mr. Muhammad Ali Professional-II
12 Mr. Majid Aziz Professional-III
13 Mr. Muhammad Adnan Arshad Professional-III
14 Mr. Muhammad Fareed Professional-IV

At the end, Mirza Munawar Hussain, FCMA, Chairman, Lahore Branch Council presented a
few verses, written by him. He stated that Islam prescribes a complete code of life. In other
words, it prescribes ethics in all areas of life. Ethics is especially important for the
Management Accounting profession. Behaving ethically is in essence compliance with the
rules laid down by Islam.

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November- 2005

ISLAMABAD

10th MANAGEMENT ACCOUNTANTS INTERNATIONAL CONFERENCE

AT ISLAMABAD

The Institute organized 10th Management Accountants International Conference on

September 24-25, 2005 at Islamabad. Foreign delegates, eminent professional and
distinguished scholars participated in the conference.

The keynote speaker on this occasion was Mr. Abbas Ali Mirza who is the chairman
of UNCTAD’s Intergovernmental Working Group of Experts on International
Standards of Accounting & Reporting (“ISAR”), to which position he was elected at
the 21st session of the “ISAR” held in October 2004 at the United Nations
Conference on Trade & Development (“UNCTAD”) in Geneva.

Those who read technical papers in the conference included Mr. Muhammad Abdul
Hannan Mian from Bangladesh, Mr. Debasis Baghchi, Mr. Siddhatha Sen and Mr.
N.K. Jain from India and Mr. Ahmed Saeed, Mr. Muhammad Hanif, Mr. Ale Imran
Siddiqui and Mr. Yusuf Shirazi from Pakistan. Mr. Mushahid Hussain Syed,
Chairman, Foreign Affairs Committee was the Chief Guest on the occasion.

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November- 2005

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November- 2005

MEETINGS HELD IN OCTOBER-2005

1st October: Distance Learning Committee

3rd October: Lahore Branch Council
9th October: Audit Committee
15h October: Education Committee
16th October: Anomaly Committee
16th October: Karachi Branch Council
23rd October: Human Resource Committee