Page 5 - CMA Journal (Mar-Apr 2026)

From the Desk of

Chief Editor

Dear Readers,

I am delighted to present the second issue of 2026 (Mar-Apr) of ICMA’s agship Journal, Chartered
Management Accountant.
This edition focuses on a theme of urgent global and national importance: “Geopolitical Shocks and
Pakistan’s Economic Strategy”. Against the backdrop of the recent Middle East con ict, disruptions in the
Strait of Hormuz, energy price volatility, and regional instability have created serious economic pressures for
Pakistan. This issue analyses these challenges and explores practical strategies to strengthen the country’s
resilience.
We feature four exclusive interviews with distinguished experts like Mr. Jam Kamal Khan, Federal Minister for
Commerce; Senator Mushahid Hussain Sayed, former Chairman of the Senate Defence Committee and
former Federal Minister for Information and Broadcasting; Mr. Jamil Ahmad Qureshi, Secretary of the Special
Investment Facilitation Council (SIFC) and Board of Investment (BOI); and Mr. Chris Ogden, Associate
Professor in Global Studies at the University of Auckland, New Zealand.
The Focus Section brings together 14 substantive articles, seven of which are contributed by ICMA
members, Including article contributed by Reseach and Publications Department. Our Research and
Publications team has prepared a timely article titled “Geopolitics, Energy Shocks and Asia’s LNG Crisis:
Lessons for Pakistan and South Asia”. Together, these articles examine the recent Middle East con ict and its
wide-ranging impact on Pakistan, addressing key areas such as energy crises, food security, supply chain
disruptions, export vulnerabilities, oil price shocks, in ation, external debt risks, scal resilience, and crisis
preparedness.
Additional articles in this issue delve into Pakistan’s persistent scal challenges, the growth and issues of
Islamic banking in our society, and the role of nancial institutions in advancing ESG principles,
organizational agility, and the Sustainable Development Goals (SDGs). Our Research and Publications
Department has also contributed two in depth pieces: one on capital market growth through energy and
minerals, and another o ering a comprehensive overview of Pakistan’s fossil fuel industry with a strategic
SWOT analysis.
We are proud to include a special joint survey with Gallup Pakistan on the “Implications of the Middle East
Con ict for Pakistan”. The survey captures public and business sentiment and provides timely data driven
insights into the con ict’s economic impact.
I invite you to read, re ect, and share your valuable feedback with us. Your thoughts and suggestions truly
help shape future editions.
Looking ahead, the May-Jun 2026 issue will focus on “Financial Governance and Transparency in the Public
Sector”. Sub themes have already been circulated, and we warmly encourage contributions, especially from
members working in public sector organizations. This is your journal, and your active participation makes it
stronger.

Muhammad Yasin, FCMA
Vice President, ICMA &
Chairman, Research and Publications Committee

ICMA’s Chartered Management Accountant, Mar-Apr 2026 3