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From numbers to narratives—prove your edge and rise as Pakistan’s finance leader

National Finance Olympiad 2025

What makes
NFO 2025 unique?


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Sharpen Technical Skills

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Navigate Ivy League Simulations

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Experience Board Room Scenarios

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Practice Strategic Decision Marking

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Integrate CrossDisciplinary Insights

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Demonstrate Leadership Skills

Eligibility Criteria

  • Who Can Participate?
    • Chartered Accountants
    • Members of other recognized professional bodies
    • Finance professionals with at least three years of experience (including articleship)
    • Business graduates from HEC recognized university
  • Team Composition:
    • Three members per team, with at least one ICAP member.
    • If a team does not include an ICAP member, a Fellow ICAP member must act as the team’s coach or mentor.
  • Team Limit:
    Each organization or professional firm may nominate up to two teams.

What To Expect?


Over the two-week journey, participants will complete technical assessments, engage in Ivy League simulations, and take part in a focused behavioral-competency experience, among other activities.
The top six teams advance to the Grand Finale, where speed, strategy, and boardroom presence decide the CHAMPION.

Event Schedule And Details:

Rounds Date Mode & Venue
Qualifying Round January 17, 2026 Virtual
Simulation & Assessment Round January 20, 2026 Karachi: Karachi School of Business & Leadership
Lahore: ICAP Office, Thokar Niaz baig
Overseas: Virtually
Grand Finale January 26, 2026 Marquee, PC Hotel Karachi

ROUND 1: QUALIFYING ROUND



Part A. Computer-Based Assessment (Duration: 2 Hours)

Questions will consist of a blend of MCQs, and descriptive questions from the following categories:

a. Accounting concepts and applications
b. Business financial management
c. Compliance and governance
d. ESG and Technology
e. Economy

The pre-defined syllabus outline is available at NFO Curriculum Page

No. Testing Pattern Score Per Question No. of Questions as Per Syllabus
Accounting Concepts and Applications (25 marks) Business Financial Management (25 marks) Compliance and Governance (5 marks) ESG and Technology (15 marks) Economics(5 Marks)
1 Selecting the right answer 1 4 4 2 2 2
2 Selecting the most/least relevant answer 2 6 6 - 2 -
3 One descriptive scenario 3 3 3 1 3 1
TOTAL 13 13 3 7 3

Part B. QuickSim (Duration: 1 Hour)

The QuickSim segment will allow participants to assess their business acumen. The top teams will then advance to the Simulation and Assessment Round scheduled on December 14, 2024, by carrying forward their scores.



Round 2: Simulation & Assessment Round



Part A. Simulation (Duration: 4 Hours)



Part B. Behavioral Assessment

The interactive activity is planned to provide teams with the opportunity to showcase their skills while working towards achieving a common goal. This round is designed to assess a range of behavioral competencies, ensuring a well-rounded evaluation of each team’s abilities.

Based on the cumulative score, the top 6 teams will advance to Grand Finale.

Grand Finale

Part A: Board Room - Unwind the Mind

  • • Each qualifying team will be required to present a solution to a business case or scenario.
  • • Time allotted for presenting the solution and convincing the jury will be 8 minutes followed by a two-minute Q/A session by the jury.
  • • Presentation will be evaluated by ICAP nominated panel of judges as well as the audience based on pre-defined criteria

Part B: 100-seconds

  • • An ICAP nominated facilitator/adjudicator will conduct this round.
  • • Each team will have 100-seconds to answer maximum number of questions possible.
  • • Negative marking will apply for each wrong answer.

Part C: Spin the Wheel

  • • An ICAP nominated facilitator/adjudicator will conduct this round.
  • • Teams will have 6 categories to choose the questions from, and these categories are emancipated from the syllabus.
  • • In this round, each team will have 3 turns to choose a category from.
  • • Once the spin stops, participants will have 10 seconds to choose risk as High or Low. Each team will have 45 seconds to respond and lock the selected answer.
  • • Risk in score will be associated with each category.