Page 3 - CMA Journal (Jan-Feb 2026)
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2    President's Message


               3    From the Desk of Chief Editor

                                                                           Volume : 35.1  l   Jan-Feb 2026


                                            Exclusive Interviews


                                                                                   21      18
                   5                      8                      13                     16








                       Mr. Bilal Bin Saqib  Mr. Saleem Ullah, FCMA     Ms. Sandra Ro      Ms. Izzat-Begum B. Rajan
                   Minister of State and Chairman,   Deputy Governor,   CEO, Global Blockchain   Former Board Chair,
                 Pakistan Virtual Assets Regulatory   State Bank of   Business Council  International Association for Trusted
                       Authority (PVARA)        Pakistan (SBP)           (GBBC)        Blockchain Applications (INATBA)
             18    Corporate Leaders of ICMA                                      Top Technology Trend


                                                                                      Islamic Cryptocurrencies:
                               Focus Section                                     58 X8X & OneGram as Safe-Haven Assets
                                                                                      By: ICMA Research and Publications Department
              19   Accounting for Crypto Assets in   40  Digital Transformation is About   60  Synopsis of Book on "Block Chain
                                                     People, Not Just Technology
                   Pakistan: Challenges, Standards,
                   and the Way Forward               By: Syed Shamim Ahmed, FCMA      in Public Finance”
                   By: Imtiaz Bashir, FCMA                                        Sector Insights
              22   Digital Assets, Blockchain and   42  Cryptocurrency Accounting under   Pakistan’s Crypto and
                                                     IFRSs: Classification, Measurement,
                   Tokenization: Rewiring the
                   Architecture of Global Finance    and Disclosure              62 Digital Assets Sector
                   By: Monty Munford                 By: Ahmad Tariq Bhatti, FCMA     By: ICMA Research and Publications Department
              25    Digital Ledger Revolution:   45  Global Tokenization Trends   Economy Watch
                                                     and Pathways for Pakistan’s
                   Strategic and Regulatory
                   Frameworks for the Modern CMA     Capital Markets                  Global Risk: Rising Uncertainty
                   By: Dr. Azeema Begum              By: ICMA Research and Publications Department
                                                                                  65 and Oil Volatility
                                                                                      By: ICMA Research and Publications Department
              29   Blockchain Against Fake Medicines:  Article Section
                   A Lifeline for Pakistan
                   By: Abdul Qayyum, FCMA                                         68  Economy News
                                                     Structural Transformation of
              32   Leveraging Blockchain for improving   50 Internal Audit: A Comparative   Regulatory Watch
                   the outcomes of Subsidies - Khushal
                                                     Analysis of IPPF 2017 and GIAS 2024
                   Kissan Targeted Fertilizer Subsidy   By: Dr. Muhammad Naveed Salman Khan
                   Token (KK-TFST)                                                69  Regulatory News
                   By: Muhammad Hasnain Yousaf and  53  Tax Burden or Growth Engine?  The
                   Muhammad Taha Akmal Siddiqui      Dual Role of Taxation in the Economy  Special Feature
                                                     By: Hafsa Ahmad
              37   The Digital Shift in Work:       Leadership Theory Jungle      70  ICMA at 75: A Diamond Jubilee
                   Gig Economy, Remote Roles,
                   and Compliance Challenges    55 By:  Sohailuddin Alavi             of Legacy and Leadership
                   Dr. Rozina Muzammil, FCMA
                                                                                  Books & Articles Review
                                   Invitation of Articles                             Reviews of Selected Books
                                                                                  75 and Articles
                                  Geopolitical Shocks and Pakistan's
                 Mar-Apr                    Economic Strategy                   DI DISCLAIMER:  The Chartered Management

                2026 Issue                                                      A Accountant is published bi-monthly.  Views or
                                                                                 opinions expressed by the authors of the articles
                                                                                o
                                       Submission Deadline: April 15, 2026       p published in this Journal do not necessarily reflect
                                                                                 the views of the publisher and/or the Editor
                                                                                 the views of the publisher and/or the Editor..
                               /icmapak                    /icmapdotpk              /company/icmap
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