ABOUT PEA

The Professional Excellence Awards (PEA) by ICAP’s Professional Accountants in Business (PAIB) Committee return for their third edition, shining a spotlight on the remarkable achievements of our members in business including NPOs, government bodies, and beyond. These prestigious awards recognize outstanding contributions, leadership, and value creation, showcasing the impact of ICAP professionals in shaping industries. PEA is a platform to honor trailblazers, celebrate success stories, and inspire the next generation of leaders.

All ICAP members who meet the eligibility criteria are encouraged to participate in the required format for the respective category.

The nominations shall start from February 17th, 2025, and continue till April 7th, 2025. The Awards will be celebrated on May 6th, 2025.

Objectives

  1. Recognize and reward outstanding members with contributions to the business and industry.
  2. Promote culture of excellence within the profession.
  3. Motivate continuous improvement and strive for excellence.
  4. Provide platform for sharing success stories and role models for future leaders.
  5. Inspire students and young professionals.
  6. Increase visibility and repute for members to showcase their contributions and impact within the industry.

Award Categories

Business
Leader Award
Finance
Leader Award
Business
Enabler Award
Overseas
Excellence Award
Entrepreneur
Leadership Award
Announcing a New Category

Required designation:
Nominee should be CEO or equivalent designations


Sub-Category:
Public Entities
Non-Public Entities


Minimum Requirement:
For Public Entities - Not less than 10 years cumulative post membership experience
For Non-Public Entities - Not less than 5 years cumulative post membership experience
Holding the same designation for not less than 2 years in the same company


Public Entities: This includes public companies and public sector entities

Non-public entities: This includes private limited companies, Partnerships, and ACPs, Single Member Companies, Sole Proprietors, NPOs, NGOs, and all other entities not included above.

The designation CEOs and CFOs is the same as prescribed in the Companies Act 2017 and related form 29

Post Membership means the period from the date of membership of ICAP

Required designation:
Nominee should be CFO or equivalent designations


Sub-Category:
Public Entities
Non-Public Entities


Minimum Requirement:
For Public Entities - Not less than 10 years cumulative post membership experience
For Non-Public Entities - Not less than 5 years cumulative post membership experience
Holding the same designation for not less than 2 years in the same company


Public Entities:This includes public companies and public sector entities

Non-public entities:This includes private limited companies, Partnerships, and ACPs, Single Member Companies, Sole Proprietors, NPOs, NGOs, and all other entities not included above.

The designation CEOs and CFOs is the same as prescribed in the Companies Act 2017 and related form 29

Post Membership means the period from the date of membership of ICAP

Required designation:
Nominee should be Head of Function reportable to CEO or Board


Sub-Category:
Public Entities
Non-Public Entities


Minimum Requirement:
For Public Entities - Not less than 10 years cumulative post membership experience
For Non-Public Entities - Not less than 5 years cumulative post membership experience
Holding the same designation for not less than 2 years in the same company


Public Entities:This includes public companies and public sector entities

Non-public entities:This includes private limited companies, Partnerships, and ACPs, Single Member Companies, Sole Proprietors, NPOs, NGOs, and all other entities not included above.

The designation CEOs and CFOs is the same as prescribed in the Companies Act 2017 and related form 29

Post Membership means the period from the date of membership of ICAP

Required designation:
Nominee should be:
• C-Suite or
• Reporting to C-Suite or
• Head of Function /Department


Sub-Category:
• Kingdom of Saudi Arabia
• United Arab Emirates
• Middle East and Africa (Excluding KSA and UAE)
• Americas and Europe
• ASEAN/ Oceania region


Minimum Requirement:
• Not less than 10 years cumulative post membership experience
• Holding the same designation for not less than 2 years in the same company
• Must be an overseas member for at least 3 years in continuation

Post Membership means the period from the date of membership of ICAP

Required designation:
Nominee should be in any decision making role


Minimum Requirement:
• Not less than 7 years post qualification experience
• Age upto 40 years

Required designation:
Nominee should be the sole entrepreneur or co-founder


Minimum Requirement:
Must have the experience of running an entrepreneurial venture for minimum of 3 years.

Required designation:
Nominee should be CEO or equivalent designations


Sub-Category:
Public Entities
Non-Public Entities


Minimum Requirement:
For Public Entities - Not less than 10 years cumulative post membership experience
For Non-Public Entities - Not less than 5 years cumulative post membership experience
Holding the same designation for not less than 2 years in the same company


Public Entities: This includes public companies and public sector entities

Non-public entities: This includes private limited companies, Partnerships, and ACPs, Single Member Companies, Sole Proprietors, NPOs, NGOs, and all other entities not included above.

The designation CEOs and CFOs is the same as prescribed in the Companies Act 2017 and related form 29

Post Membership means the period from the date of membership of ICAP

Required designation:
Nominee should be CFO or equivalent designations


Sub-Category:
Public Entities
Non-Public Entities


Minimum Requirement:
For Public Entities - Not less than 10 years cumulative post membership experience
For Non-Public Entities - Not less than 5 years cumulative post membership experience
Holding the same designation for not less than 2 years in the same company


Public Entities:This includes public companies and public sector entities

Non-public entities:This includes private limited companies, Partnerships, and ACPs, Single Member Companies, Sole Proprietors, NPOs, NGOs, and all other entities not included above.

The designation CEOs and CFOs is the same as prescribed in the Companies Act 2017 and related form 29

Post Membership means the period from the date of membership of ICAP

Required designation:
Nominee should be Head of Function reportable to CEO or Board


Sub-Category:
Public Entities
Non-Public Entities


Minimum Requirement:
For Public Entities - Not less than 10 years cumulative post membership experience
For Non-Public Entities - Not less than 5 years cumulative post membership experience
Holding the same designation for not less than 2 years in the same company


Public Entities:This includes public companies and public sector entities

Non-public entities:This includes private limited companies, Partnerships, and ACPs, Single Member Companies, Sole Proprietors, NPOs, NGOs, and all other entities not included above.

The designation CEOs and CFOs is the same as prescribed in the Companies Act 2017 and related form 29

Post Membership means the period from the date of membership of ICAP

Required designation:
Nominee should be:
• C-Suite or
• Reporting to C-Suite or
• Head of Function /Department


Sub-Category:
• Kingdom of Saudi Arabia
• United Arab Emirates
• Middle East and Africa (Excluding KSA and UAE)
• Americas and Europe
• ASEAN/ Oceania region


Minimum Requirement:
• Not less than 10 years cumulative post membership experience
• Holding the same designation for not less than 2 years in the same company
• Must be an overseas member for at least 3 years in continuation

Post Membership means the period from the date of membership of ICAP

Required designation:
Nominee should be in any decision making role


Minimum Requirement:
• Not less than 7 years post qualification experience
• Age upto 40 years

Required designation:
Nominee should be the sole entrepreneur or co-founder


Minimum Requirement:
Must have the experience of running an entrepreneurial venture for minimum of 3 years.

Equal Opportunity

At ICAP, we are committed to fostering an inclusive and diverse environment that celebrates excellence of our members without boundaries. Our nomination process is open to all members of ICAP regardless of gender, caste, color, creed, or community. We believe that talent, dedication, and achievement should be recognized solely on merit, ensuring equal opportunity for all to participate and be honored.

We encourage members to step forward and be a part of this prestigious recognition, reinforcing our commitment to diversity, equity, and inclusion.

Eligibility

PEA Eligibility, Exclusions, Terms and Conditions are provided below:

Eligibility

Following is the eligibility criteria for PEA:

  1. Nomination is open for all ICAP members except those mentioned in exclusions.
  2. A member can also nominate other member if he/she meets the requisite criteria.
  3. Nomination can be made in one category only.
  4. The nominee must be of good standing as per the ICAP criteria.
Exclusions

Following are not eligible for the PEA:

  1. ICAP members who are practicing as a Chartered Accountant or Management Consultant and having a Certificate of Practice issued by the Institute (refer definitions in Ordinance 1961 and /or Byelaw 1983 for holding Certificate of Practice or deem to be in practice).
  2. Jury members, evaluation committee members and their close/immediate family members including spouse, siblings, lineal ascendants, and descendants.
  3. Current and one-term preceding Council members of ICAP & Regional committee members and their close/immediate family members.
  4. ICAP Management and Staff.
  5. Winner of any award category cannot submit a nomination for the next 3 years for the same category.
  6. For Entrepreneur Leadership Award (ONLY) :
    • ICAP’s PAIB Committee Members during year 23-24, 24-25 and 25-26.
    • Founder or Co-founders in the venture having Certificate of Practice (CoP) under the ventures name to carry out business activities
Terms And Conditions:
  1. ICAP reserves the right to use any entries, photographs, videos/or media for promotional purposes.
  2. The awards are not transferable or exchangeable and cannot be taken as cash.
  3. Award nominees retain the responsibility to maintain an appropriate standard of professional conduct, and must immediately notify ICAP if they are or become the subject of any investigation, findings, judgement of current proceedings, including but not limited to findings, in relation to fraud, misrepresentation or dishonesty, in any administrative, civil or criminal proceedings in any country, and must declare/disclose to ICAP if any standard of professional conduct has been compromised. Award nominees shall have a responsibility to not engage in any conduct that brings or has the potential to bring ICAP into disrepute. ICAP will be at liberty to pursue remedies available to it, under the law.
  4. ICAP reserves the right to change/revise any criteria or award process without information/intimation.
  5. Award decisions once announced shall remain final and cannot be challenged at any forum. ICAP and the Jury disclaim all and any claim, of whatsoever nature, for Award decisions.

Award Process

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Eligibility Check
Online Nomination
Screening and Evaluation
Award Decision by Jury
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Document validation & process audit will be conducted by QCR rated firm(s)

Guidelines For Nominations


Evaluation Criteria

Nominations will be evaluated based on the following broad categories:

Nominee must submit evidence in the form of supporting documents along with descriptive notes against each of the above criteria highlighting individual efforts and input about a project(s), initiative(s) or innovation(s) between January 1st, 2023 to April 7th, 2025 (last date of nomination) subject to fulfilling minimum two years period as of last date of nomination. However, in case of Entrepreneur Leadership Award category the evaluation period is from January 1st, 2022 to April 7th, 2025.

Required Documentation:

Nomination Form

Before submitting the nomination form, please go through the guidelines.

PEA Winners 2024

Business Leader Award
Person 1
Mr. S. Anis Ahmed, FCA
CEO
Abbott Pakistan Limited
Person 2
Mr. Ali Asghar Abbas, FCA
CEO
Indus Motor Company Limited
Finance Leader Award
Person 1
Mr. Mohammad Nadeem Khan, FCA
Group CFO PTCL
Person 2
Mr. Ziad Bin Wasim Chowdhrey, FCA
Country CFO & Director Novartis Pakistan
Person 2
Mr. Moeid Sultan, FCA
Finance Director IBA
Business Enabler Award
Person 1
Mr. Armughan Ahmed Kausar, FCA
Chief Compliance Officer Habib Bank Limited
Person 2
Mr. Ijaz-ur-rehman, FCA
Group Head Operations
The Bank Of Punjab, Pakistan
Emerging Leader Award
Person 1
Mr. Faizan Irshad, FCA
Group Head Audit Policy, Monitoring & Quality Assurance
Allied Bank Limited
Person 2
Mr. Irfan Bashir Shaikh, FCA
Head of Investment, PAPCO
Person 2
Mr. Nabeel Shaikh, FCA
Senior Financial Advisor Thiqah Business Services
Overseas Excellence Award
Person 1
Mr. Muhammad Shoaib Jan Memon, FCA
COO & CFO
Europe Arab Bank Plc, UK
Person 2
Mr. Muhammad Kamran, FCA
Director Finance
Cargo-partner Australia
Person 2
Mr. Farooq Zaheer Zuberi, FCA
CFO
APM Terminals, Bahrain
Person 2
Mr. Faisal Saleem Bokhari, FCA
Group CFO And VP Mohamed Y.
Naghi Group, KSA

PEA Winners 2023

Business Leader Award
Person 1
Mr. Shahid Mahmood
Khan
Managing Director
Pak Arab Refinery Limited (PARCO)
Person 2
Mr. Kamran Azim
CEO
Taleem Finance Company Limited
Finance Leader Award
Person 1
Mr. Syed Majid Ali
CFO
Faysal Bank Limited
Person 2
Mr. Touseef Alam Khan
CFO
National Logistics Cell
Business Enabler Award
Person 1
Mr. Muhammad Faisal
President Automotive/ COO
Lucky Motor Corporation Limited
Person 2
Mr. Muhammad
Shahzad Yousuf
Chief Business Operations Officer
Pakistan Telecommunications Limited
Emerging Leader Award
Person 1
Mr. Jatin Kumar
CFO
Transkarachi
Person 2
Mr. Yasir Ahmad
Hashmi
Chief Internal Auditor, Head of Audit
FINCA Microfinance Bank Limited
Overseas Excellence Award
Person 1
Mr. Muhammad
Saeed Butt
Head of Financial Control
Eskan Bank BSCC
Person 2
Mr. Asher Noor
CIO and Group CFO
AlTouq Group

Contact Us

Professional Accountants in Business Committee
Email: helpdesk.pea@icap.org.pk
Call: 021-111-000-422 ext. 421/393