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 for the regulation of the profession of Cost and Management Accounting. ICMAP is a full member of International Federation of Accountants (IFAC), International Accounting Standards Board (IASB), Confederation of Asian and Pacific Accountants (CAPA) and South Asian Federation of Accountants (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 2022-2025 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 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 Ghulam Mustafa Qazi, FCMA (President) Muhammad Yasin, FCMA (Vice President) Azeem Hussain Siddiqui, FCMA (Honorary Secretary) Abdul Qayyum, FCMA (Honorary Treasurer)
Council members Shehzad Ahmed Malik, FCMA CEO, Shehzad Malik Co Management Consultants Shaham Ahmed, FCMA GM Finance, Suzuki Motors Pakistan Intzar Hussain, FCMA Finance Manager, Abu Dhabi National Paper Mill Marryum Pervaiz, FCMA Director, Competition Commission of Pakistan
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 Faisalabad Hyderabad Islamabad Karachi Lahore Multan Peshawar 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: Confederation of Asian and Pacific Accountants (CAPA) International Accounting Standards Board (IASB) International Federation of Accountants (IFAC) South Asian Federation of Accountants (SAFA)
Overseas Branch Councils
ICMAP has seven overseas branch councils. Australia Canada Qatar Kingdom of Saudi Arabia United Arab Emirates United Kingdom United States of America
See also Association of Chartered Certified Accountants International Federation of Accountants Pakistan Institute of Public Finance Accountants Securities and Exchange Commission of Pakistan
References
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