Page 5 - CMA Journal (Sep-Oct 2025)

From the Desk of
Chief Editor

It gives me great pleasure to present the Sep-Oct 2025 issue of the Chartered Management
Accountant Journal on the theme “Reviving Pakistan’s Industry through Tariff and Policy
Reforms.” The theme reflects the economic moment we are in—where bold reforms, sound
policies, and strong institutions are essential to reignite Pakistan’s industrial growth and
global competitiveness.
This issue brings together insights from some of Pakistan’s most respected policymakers,
economists, and business leaders. I am sincerely grateful to Dr. Gohar Ejaz, HI, SI, Former
Federal Minister for Commerce and Industries; H.E. Ali Sarfraz Hussain, Ambassador and
Permanent Representative of Pakistan to the WTO, Geneva; Dr. Ishrat Husain, Former Advisor
to the Prime Minister on Institutional Reforms & Austerity and Former Governor, State Bank
of Pakistan; Mr. Muhammad Iqbal Tabish, Acting Chairman, National Tariff Commission; and
Mr. Fawad Anwar, Managing Director, Al-Karam Textile Mills Pvt. Ltd. and Chairman, Pakistan Editor
Textile Council, for sharing their valuable time and perspectives with our readers. Their
reflections on trade policy, tariff rationalization, and industrial revival make this edition
especially meaningful.
In the Focus Section, there are total eleven contributions, out of which only two are by ICMA
members. Although the participation from members has been lower than in previous editions,
I am confident it will pick up again. Perhaps the theme seemed more technical to some, yet it
remains a vital area for national discussion. I strongly encourage our members to continue
contributing their ideas and analyses in future issues. The next edition will focus on “Greening
Pakistan’s Economy: Climate Finance and ESG Reforms”—an emerging and highly relevant
theme that calls for wider professional engagement.
The Articles Section includes two insightful contributions: “The Evolution and Digital
Transformation of Public Accounts Committees (PACs) in Pakistan” by Syed Muhammad
Idrees, ACMA, and “Borrowing Powers under Article 160: A Forgotten Mandate of Pakistan’s
NFC Awards” by Dr. Noor Alam.
The Research & Publications Department has also enriched this issue with analytical
write-ups, including “National Tariff Policy 2025–30: Reshaping Pakistan’s Trade Regime for
Export-Led Growth,” an Economy Watch feature on “Pakistan’s Strategic Entry into the U.S.
Critical Minerals Market,” and a Sector Brief on Special Economic Zones in Pakistan. Each of From the Desk of
these contributions offers practical insights into how trade and policy reforms can drive Chief
industrial transformation.
I hope this issue sparks thoughtful discussion and inspires new ideas among our readers.
Reviving Pakistan’s industry is not just about tariff reform—it is about restoring confidence,
encouraging innovation, and paving the way for sustainable, broad-based economic growth.

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

ICMA’s Chartered Management Accountant, Sep-Oct 2025 3