Page 4 - CMA Journal (Jan-Feb 2024)

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