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Signature Qualification contents CA that Empowers to Lead PAKISTAN The Council Editor’s Letter The Pakistan Jan - Mar 2016 President Hafiz Mohammad Yousaf, FCA 4 Yacoob Suttar Magazine of The Institute of Chartered Accountants of Pakistan Vice Presidents Hidayat Ali, FCA Nadeem Yousuf Adil, FCA 5 President’s Page Members Farrukh Rehman, FCA Hafiz Mohammad Yousaf Khalilullah Shaikh, ACA M. Sharif Tabani, FCA Mohammad Maqbool, FCA Cover Story Special Coverage: SAFA Conference 2016 Naeem Akhtar Sheikh, FCA Nazir Ahmad Chaudhri, FCA Rashid Ibrahim, FCA 6 Changing South Asia: Challenges Riaz A. Rehman Chamdia, FCA Sarmad Ahmad Khan, FCA and Opportunities Syed Najmul Hussain, FCA Usman Ghani Akbani, FCA Muhammad Sadiq Ismail Yacoob Suttar, FCA Government Nominees Dr. Waqar Masood Khan Mohammad Abdullah Yusuf, FCA Muhammad Zafar-Ul-Haq Hijazi Tariq Bajwa Publications Committee Chairman Yacoob Suttar, FCA Members Aamir Waheed Ahmed, FCA Abdul Qadir, ACA Ammara Ahmad, ACA Fariha Wajid, ACA Hina Shamsi, ACA 14 South Asia Contributes to World Muhammad Amir Afzal Rana, ACA Naseer Ahmed, ACA Development Obaid-Ur-Rehman, ACA Syed Imtiaz Abbas Hussain Waqas Latif, ACA 16 COO/Secretary Feroz Rizvi, FCA Pakistan: Executive Director Masood Akhtar, FCA Centre of Opportunities Adnan Akhtar Editorial Team Senior Manager Samina Iqbal Publication [email protected] Publication Asad Shahzad Co-Ordinators [email protected] Afshan Aleem [email protected] 18 South Asia: Corridor of Editorial Office: Chartered Accountants Avenue Opportunities Clifton, Karachi-75600 (Pakistan). Ph: 99251648, 99251636-39 Aqeel Ahmed Email: [email protected] Website: www.icap.org.pk The views expressed are those of the writers and do not reflect The Institute of Chartered Accountants of Pakistan. All submissions received will be edited for clarity and space. 2 The Pakistan Accountant January - March 2016