Page 3 - CMA Journal (May-June 2025)
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2 President's Message
3 From the Desk of Chief Editor
Exclusive Interviews Volume : 34.3 l May-June 2025
5 8 11 14
Mr. Khurram Schehzad Dr. Miftah Ismail Mr. Muhammad Ali Tabba Mr. Kamran Arshad
Advisor to Finance Minister Former Federal Minister for Finance & Revenue Chief Executive Officer, Chairman, All Pakistan Textile
Government of Pakistan Former Chairman, Board of Investment (BOI) Lucky Cement Limited Mills Association (APTMA)
CEO & Director, Ismail Industries Limited
18 Corporate Leaders of ICMA Article Section
Focus Section 74 Organizational Buoyancy and
Sustainable Development
Goals (SDGs)
19 ESG Compliance as the Missing Link in 46 Inflation and Business By: Mobeen Aslam Butt, FCMA
Pakistan’s Export Growth Strategy
Survival in Pakistan
By: Imtiaz Bashir, FCMA By: Muhammad Umair, ACMA Top Technology Trend
23 Embedding ESG at the Board Level for 49 ESG or Exit: Pakistan’s Trade Future 77 Technology Trends Reshaping
at a Crossroads
Corporate Sustainability in Pakistan
By: Muhammad Junaid Shekha, FCMA, FCA By: Arfa Ijaz and Furqan Ali Accounting and Finance
By: Altaf Ismail, FCMA
25 Power Shortages and Rising 52 Resistance to Change: A Threat to Sector Brief
Production Costs in Pakistan: Role of
Business Sustainability in Pakistan
CMAs in Business Sustainability By: Mirza Ali Raza Baig, ACMA Large-Scale Manufacturing
By: Jawad Ahmad, ACMA The Price of Complexity: Why Pakistan’s 79 (LSM) Sector in Pakistan
28 Corruption: An Invisible Cost to 54 Tax System Discourages Compliance By: Research & Publications Department, ICMA
Business Operations
By: Muhammad Ammad Ansari, ACMA
By: Muhammad Tanveer Ul Qamar, ACMA Cybersecurity Risks: A Growing Economy Watch
31 Healthcare Challenges and Business 58 Threat to Business Stability Advancing Pakistan’s Climate
Sustainability in Pakistan
By: Muhammad Shahab Iqbal
By: Faraz Ahmad Memon, FCMA 82 Support Levy: Lessons from
Global Carbon Pricing Models
33 Business Sustainability in Pakistan 63 Pakistan’s Talent Gap: A Barrier By: Research & Publications Department, ICMA
Challenges and Opportunities for
to Economic Growth
By: Ali Raza Sattar, ACMA By: Abbas Raza Varayla and Maria Shahab 85 Economy News
37 Circular Business Models: A New 66 Business Resilience and Sustainability Regulatory Watch
Blueprint for Advancing Industrial
in Pakistan: Hallmarks, Gaps, and
Sustainability in Pakistan Global Insights
By: Dr. Azeema Usman By: Khizar Hayat, FCA 86 Regulatory News
43 Corruption and the Rising Cost of 69 Caught in the Middle: Pakistan’s Growth
Trap & Its Cost to Business Sustainability
Business Operations
By: Muhammad Moin Ahmed, ACMA By: ICMA Research and Publications Department Reviews
Reviews of Selected Books
Jul-Aug 2025 87 and Articles
Fintech Innovations and Data Analytics: DI DISCLAIMER: The Chartered Management
Our Next A Accountant is published bi-monthly. Views or
Transforming Pakistan’s Financial Landscape opinions expressed by the authors of the articles
Issue o p published in this Journal do not necessarily reflect
Deadline for Article Submission: 10 August 2025 the views of the publisher and/or the Editor
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the views of the publisher and/or the Editor..
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