Page 4 - CMA Journal (Jan-Feb 2024)
P. 4
President's
Message
Dear Esteemed Members andColleagues,
I am delighted to present my message for the upcoming issue of the CMA Journal which
isonaverycrucial theme of'Manufacturing Resilience: CMAs asKeyProblem Solvers'.
President's
Message
As we explore the topic of manufacturing resilience, it's crucial to highlight the vital role
it plays in Pakistan's economic growth. The capacity of our industries to face challenges
and adapt to evolving situations is directly tied to the overall well-being of our nation.
While some sectors are still recovering from the pandemic's adverse effects, there is
positive progressinmanyareas.
In this context, the Chartered Management Accountants (CMAs) emerge as central
figuresinfortifying andpropelling Pakistaniindustries forward. With their expertise and
strategic insights, CMAs can play a crucial role in guiding our industries towards growth
and resilience in the face of current and upcoming challenges. The resilience of our
manufacturing sector is not only a matter of economic significance but also a testament
totheresilience ofournation asawhole.
Furthermore, with recent elections in Pakistan, we anticipate a new era of governance.
We are optimistic that the incoming government will not only create political harmony
and stability but also actively address the current economic challenges facing our
country. ICMA stands ready to offer professional and technical support, particularly in
the restructuring of institutions such as the Federal Board of Revenue (FBR) and other
government organizations, ensuring robust public sectorcorporate governance.
On the home front, I extend my heartfelt congratulations to all the recently elected
members of the ICMA Council for the term 2024-26. Your commitment to service is
commendable, and we are confident that the new Council will infuse energy and
continue the momentum of progress for the betterment of our esteemed Institute and
theentireprofessional community.
I want to acknowledge and praise the remarkable performance of the 2021-23 Council
for their accomplishments in enhancing operations, fostering goodwill, and ensuring
financial stability. Notably, their successful advocacy efforts resulted in the qualification
titles being redefined as 'Chartered Management Accountant' through constructive
engagement withgovernment andregulators.
Lastly, I extend sincere gratitude to all our members for their unwavering support in the
ICMA elections. Together, let us work towards progress, resilience, and prosperity for
thebetterment ofPakistan.
Shehzad Ahmed Malik, FCMA
President ICMA
2 ICMA’s CharteredManagement Accountant,Jan-Feb2024