Page 73 - CMA Journal (Jan-Feb 2026)

A Journey from

Pakistan Institute of

Industrial Accountants (PIIA)

to ICMA International

HISTORICAL TIMELINES

[PART 1 – 1951 TO 1970]

1951 1952 1954 1955

 Pakistan Institute of  First professional  Government allots 1000  First regular coaching
Industrial Accountants examinations held in sq. yards of land at classes started in a
(PIIA) incorporated (May). multiple cities. Soldier Bazar, Karachi. rented room in Karachi.
 First professional syllabus  Coaching classes and  Council admits
introduced (May). textbooks arranged to practicing Chartered,
support student Incorporated, and
preparation. Registered Accountants
on individual merits
(February).

1962 1961 1960 1958

 Correspondence coaching  Curriculum updated to  Institute receives Canada’s  Eight Pakistani
courses launched to reach align with industrial technical assistance under accountants sent to
students nationwide. accounting standards. Colombo Plan (April
Canada for specialized
1960–1971) to strengthen
 Soldier Bazar building  Official quarterly magazine capacity and curriculum. training under
formally inaugurated by ‘Industrial Accountant’ Colombo Plan.
Mr. Shoaib, Finance Minister launched (March).  First Institute building at
and Founder President PIIA  Hyderabad coaching centre Soldier Bazar, Karachi becomes
(January). functional, offering classrooms
opens (September) to
and administrative space.
expand access beyond
Karachi.

ICMA’s Chartered Management Accountant, Jan-Feb 2026 71