Page 5 - CMA Journal (May-June 2025)

From the Desk of
Chief Editor

Dear Readers,

I am pleased to present the May–June 2025 edition of the Chartered Management
Accountant Journal, themed “Challenges to Business Sustainability in Pakistan.”
The objective of choosing this theme is to highlight the pressing issues that continue
to hinder sustainable business growth in the country.

This issue features exclusive interviews with four eminent personalities: Mr. Khurram
Schehzad, Advisor to Finance Minister, Government of Pakistan; Dr. Miftah Ismail,
former Federal Finance Minister of Pakistan; Mr. Muhammad Ali Tabba, CEO of Lucky
Cement Limited; and Mr. Kamran Arshad, Chairman of All Pakistan Textile Mills
Association (APTMA). I extend my sincere gratitude to these distinguished individuals Editor
for graciously sharing their insights and valuable time.
The Focus section comprises 16 thought-provoking articles, 10 of which have been
contributed by ICMA members — an encouraging sign of growing intellectual
engagement within our community. These articles explore key challenges
confronting Pakistan’s business landscape, including energy shortages, rising
production costs, inflation, corruption, and an overly complex taxation regime. The
Research and Publications (R&P) Department has also contributed a notable article
examining the “growth trap” and its implications for long-term business
sustainability.
Other sections—Article, Top Technology Trend, and Economy Watch—feature
informative contributions from both members and the R&P Department on a diverse
array of timely topics. I am confident readers will find the content both insightful and
enriching.
Looking ahead, the theme for the upcoming July–August 2025 issue is “Fintech
Innovations and Digital Analytics.” I invite members with expertise in these From the Desk of
emerging fields to contribute practical and forward-looking articles that will benefit Chief
our readership.
We hope you find this issue insightful and encourage you to share your feedback and
suggestions.

Muhammad Yasin, FCMA
Vice President ICMA &
Chairman, Research and Publications Committee
ICMA’s Chartered Management Accountant, May-June 2025 3