ICMAP: Passing-out ceremony
Entering 50th year of its
Jan 15 - 21, 2001
Professional Institutes are the one that provides the kind of intellect
and the professional management that drive the country's economics towards prosperity.
Their role cannot be ignored only at the cost of prosperity of the nation. This was said
by Dr. Abdul Hafeez Sheikh, Minister for Finance, Planning & Development, Government
of Sindh at the passing-out ceremony of Institute of Cost and Management Accountants of
He said the future is getting complex everyday and requires visionary
leadership combined with effective and efficient management. Only professional management
can cope up with the present and future requirements.
He pointed out that the accounting is an important rather vital tool to
document the economy, it would be in the interest of the country if the accounting bodies
and the government find role of the accounting in the documentation of the economy.
Similar roles and activities could be searched for establishing tax culture in Pakistan.
He congratulated the Institute for entering 50th year of its existence.
He also appreciated efforts of the organizers and The Karachi Branch Council of the
I.C.M.A.P. for developing the upcoming professional and congratulated the 70 passing out
graduates and their parents in their successful completion of course.
Earlier speaking on the occasion M. H. Asif, President ICMAP, said the
profession of management accountancy has come a long way during this period. Management
Accountancy concept have been used extensively in computer software and are applied the
world over for better management of affairs of public and private sector particularly in
developed economies. It is of utmost importance that management accountancy be applied
more extensively in Pakistan also. The Securities and Exchange Commission of Pakistan has
recognized the importance of Cost Audit and of CMA's as specialists in this area. CBR is
also using our professional skills.
Earlier, Javed Iqbal Zia, Chairman Karachi Branch Council gave a
preview of the historical background of the Institute.