From the Holy Quran In the Name of Allah, the Most Beneficent,

the Most Merciful

“O you who have believed, decreed upon you is fasting as it was decreed upon
those before you that you may become righteous”
[Fasting for] a limited number of days. So whoever among you is ill or on a journey
[during them] - then an equal number of days [are to be made up]. And upon those
who are able [to fast, but with hardship] - a ransom [as substitute] of feeding a
poor person [each day]. And whoever volunteers excess - it is better for him. But
to fast is best for you, if you only knew. -- Surat Al-Baqarah 2:183-184

From the Hadith

Sayings of Prophet Muhammad (peace be upon him)
When one of you is fasting, he should abstain from indecent acts and unnecessary
talk, and if someone begins an obscene conversation or tries to pic an argument, he
should simply tell him. “I’m Fasting”
(Bukhari & Muslim)

Supplication

“O Allah! I Fasted for you and I believe in you (and i put my trust in you) and I Break
my fast with Your sustenance”

Respecting the sanctity of the Qur’anic verses is the duty of all of us.

We are excited to welcome the new student writers featured in this issue! Their fresh
perspectives and unique voices have added valuable contributions to our publication. We
look forward to seeing more from these talented individuals and hope they will continue to
contribute their work in future editions.

Future Chartered Management Accountant 2 March 2025

 Editorial Board
Students’ Publication Society (SPS)
Chief Editor Coordinators SPS
Muhammad Yasin, FCMA
Vice President ICMA and Chairman,
Research & Publications Committee

Editorial Board
Ghulam Abbas, FCMA

Fahad Ansari, FCMA Mashhood Siddiqui M. Saud Faisal

Muhammad Yousaf, FCMA Multan Faisalabad

Muhammad Shoaib, FCMA

Muhammad Ahmed, ACMA

Farough Ali Naweed, FCMA

Aamir Ijaz Khan, FCMA

Abeeha Batool Hoorain Hassan

Editor Lahore Islamabad
Shahid Anwar
Director,
Research & Publications, ICMA

Compilation
Saad Hussain, Senior Officer

Designing & Composing

Mariyam Khan Tanzeela Asif
Muhammad Wajahat Khan, Senior Assistant Karachi Hyderabad

Members SPS
Contributions invited for next issue
Haseeb Ali [Multan]
ICMA Students Magazine ‘Future CMAs’ accepts Ghazanfar Abbas [Multan]
opinions, articles, creative stories on any topic, Kashaf ul Eman [Multan]
poetry, photos and art submissions. Articles Anosha Bano [Multan]
Ghulam Dastgeer [Faisalabad]
typically should have 400-500 words, but
Rana Kashaf Rehman [Faisalabad]
submissions of any length would be considered. Mah Mubeen [Faisalabad]
All submissions must be original and exclusive. Muhammad Waqar Azeem [Faisalabad]
The Editorial Board reserves the right to amend Syeda Sabeen Naqvi [Lahore]
Syeda Sherbano Hassan [Lahore]
or alter any news or material for purposes of
Rubab Nawaz [Lahore]
clarity and space. Noor ul Huda [Lahore]
Send your contributions at sps-rp@ICMA.com.pk Malaika Syed [Lahore]
Ayesha Yaseen [Islamabad]
Areej Asad Khan [Islamabad]
Zain Anjum [Islamabad]
Disclaimer
Swera Ghaffar [Islamabad]
The views expressed in this magazine are those of students Nirda Fatima [Karachi]
of ICMA who have contributed news, articles, comments, Sheikh Muhammad Arslan [Karachi]
opinions etc. in this magazine and does not necessarily Aveenash Guriro [Karachi]
reflect the views of the Institute. Shiza Maqsood [Hyderabad]
Syeda Ayesha Tariq [Hyderabad]
Syed Mir Ali Jaffri [Hyderabad]

Future Chartered Management Accountant 3 March 2025

Inside this Issue

Future Chartered Management Accountant 4 March 2025

Dear Future Leaders,
It is good to see ‘Future CMAs’ growing as a platform
where students present their writing skills with some
research, and analytical thinking. I appreciate the efforts of all those who
have contributed insightful articles and ideas to this issue. To make a
meaningful impact, I encourage contributors to prioritize quality, which
comes from clear intent, dedication, and continuous improvement.

One area for improvement is topic selection, as many submissions tend

to cover repetitive and generalized subjects. I urge students to stay
informed about emerging developments in Pakistan’s economy and
global financial trends and explore fresh, thought-provoking topics that
add value to professional discussions. Developing a habit of regularly
reading newspapers will help broaden their vision, enhance their
knowledge, and deepen their understanding of economic and financial
matters. SPS Coordinators can play a vital role in promoting Future
CMAs within their regions, encouraging new writers, and guiding them
on effective writing. The WhatsApp Group of SPS teams must be used
as a medium to exchange valuable suggestions and ideas.

I also extend my heartfelt congratulations to the ICMA students who

received Proficiency Awards and achieved top marks in the December
2024 Examinations. Their success is commendable, and I hope they
continue to inspire others to strive for excellence.
We welcome your valuable suggestions at sps-rp@icmap.com.pk
to further enhance Future CMAs and make it even more insightful
and engaging.

Best regards,

Muhammad Yasin, FCMA

Vice President ICMA and
Chairman, Research and Publications Committee

Future Chartered Management Accountant 5 March 2025

 On this special occasion of Pakistan Day, the SPS Team
Coordinators have shared their thoughts, reflecting on the spirit
of unity, resilience, and progress that define our nation.

Pakistan Day is a Pakistan Day,

reminder that the celebrated on March
nation’s future lies in our 23rd, marks the adoption
hands. It’s not just about remembering of the Lahore Resolution in 1940 and
past sacrifices, but about actively shaping the the first constitution in 1956. The day
future. The responsibility now rests on the current is observed with flag hoisting, parades,
generation to build, protect, and honor the vision and tributes to the leaders of the Pakistan
of Pakistan. The promise of the nation can only be Movement, inspiring unity, faith, and discipline
fulfilled through dedication, unity, and progress. for national progress.

Marium Khan Tanzeela Asif

(SPS Coordinator Karachi) (SPS Coordinator Hyderabad)

From resolution’s spark, On this auspicious

a nation’s heart, March occasion of Pakistan
23rd, a brand-new start” Day, we pay tribute to the
visionary leaders who championed the
This 23rd March, we remember the sacrifices cause of an independent homeland and laid
made for our nation and reaffirm our the foundations of our constitutional democracy.
commitment to its progress.
Let us, as a nation, strive to realize their vision by
promoting peace, progress, and prosperity for all.

Syeda Abeeha Hoorain Hassan

(SPS Coordinator Lahore) (SPS Coordinator Islamabad)

On this Republic Day, On this Pakistan Day,

let’s renew our faith in let’s celebrate the spirit
Pakistan. Our homeland is full of unity and resilience that
of opportunities, and the sacrifices of our defines our great nation. As we honor
ancestors should never be forgotten. Love the sacrifices of our forefathers, let’s renew
your country and work towards its betterment, our commitment to progress and prosperity.
without worrying about the outcome. Change Together, we can build a brighter future, rooted
starts with us—let’s build the Pakistan our in the values of peace, integrity, and innovation.
founders envisioned. Pakistan Zindabad! Happy Pakistan Day!

Mashhood Siddiqui Saud Faisal

(SPS Coordinator Multan) (SPS Coordinator Faisalabad)

Future Chartered Management Accountant 6 March 2025

 Student’s attended Seminar on ‘Career
Planning’ at Lahore

The Student Affairs Committee of Lahore Branch Council organized a seminar on “Career Planning” on
26th February 2025 to guide students about adopting a professional career path. Mr. Muhammad Yasin,
Vice President of ICMA, was the Chief Guest. Mr. Rashid Mahmood, Chairman Student Affairs Committee
LBC enlightened the students on the importance of CMA qualification. Mr. Muhammad Sajjad, In-charge
Lahore Campus, was also present.

Future Chartered Management Accountant 7 March 2025

 Students were invited at Sufi Night &
Bar B.Q Dinner ORGANIZED by Lahore branch council

The Students Affairs Committee of the Lahore Branch

Council (LBC) organized a Sufi Night for the students
of ICMA on January 14, 2025. Mr. Muhammad Yasin,
Vice President ICMA, was the Chief Guest. The program
was attended by Mr. Najaf Abbas, Vice Chairman LBC,
Mr. Hamid Zahoor, Secretary LBC, Mr. Muhammad
Yasin, Chairman PAIB Committee LBC, Mr. Muhammad
Shahid, FCMA, Mr. Anus Maqbool, Chairman Members
Welfare LBC Mr. Rashid Mahmood, Chairman Student
Affairs Committee LBC and Mr. Sarfraz Ahmad, FCMA.

STUDENTS WERE INVITED AT Qawali Night

organized by Faisalabad branch council

The Student Affairs Committee of Faisalabad Branch Council (FBC) organized a ‘Qawali Night’ for students on
December 28, 2024, at Faisalabad Campus. The program was attended by Mr. Shahid Irshad, Chairman FBC;
Mr. Muhammad Ashfaq Ahmad Naz, Chairman Members Welfare Committee FBC and Mr. Muhammad Rizwan,
Chairman Student Affairs Committee FBC. The occasion was further brightened by the enthusiastic participation
of students from Faisalabad Campus, who actively engaged in the festivities.

Students were invited at Sufi Night &

Annual Dinner organized by Multan branch council

The Multan Branch Council hosted the Annual Dinner & Sufi Night on 18th January 2025 for the students of Multan
Campus. Mr. Muhammad Sajjad, Chairman of MBC, Mr. Muhammad Shahbaz, Chairman of the Student Affairs
Committee MBC, and Ms. Samina Khan Kiani, In-charge of Multan Campus were also present.

Future Chartered Management Accountant 8 March 2025

 Students’ visited Kartarpur
Corridor at Lahore

ICMA Lahore Campus organized a trip to the historic Kartarpur Corridor for students on February 23, 2025.
The visit gave students a chance to learn about the cultural, spiritual, and historical importance of the site. The
students were supervised by the ICMA Lahore management team.

Multan campus students visited the

ICMA Lahore Campus

ICMA Multan students visited ICMA Lahore Campus on February 27, 2025. The tour was led under the supervision
of Ms. Samina Kiani, In-charge Multan Campus. Different departments of the ICMA Lahore Campus were
visited and briefed by Mr. Muhammad Sajjad, In-charge Lahore Campus. He provided information about each
department, giving students an overview of the campus facilities and operations.

Lahore campus Students

Industrial Tour to Orient Electronics

The ICMA Lahore Campus organized an industrial tour for students at Orient Electronics Pvt. Ltd. on
28th February 2025. The tour was supervised by ICMA Lahore management. Students were briefed by
Mr. Muhammad Arslan, Head of HR, Mr. Shams ul Islam, Quality Incharge, and Ms. Rida Aslam, Talent
Acquisition Specialist at Orient Electronics.

Future Chartered Management Accountant 9 March 2025

 Navigating Peer Pressure:
Strategies for ICMA Students
This article provides practical guidance for ICMA students on managing peer pressure
and maintaining academic integrity. It explores the various facets of peer influence,
highlighting both its positive and negative aspects. The document then delves
into effective strategies, such as building supportive networks, cultivating time
management skills, and fostering self-confidence. It also emphasizes the importance
of open communication with mentors and peers to create a supportive environment.
Ultimately, this document aims to empower ICMA students to navigate peer pressure
By: Shiza Maqsood with resilience, promoting academic excellence and personal growth.
(Hyderabad)
Reg # 20233575
Discerning oneself in the complex environment of peer pressure is a serious issue for
students, especially the ones enrolled at the Institute of Cost and Management Accountants of Pakistan
(ICMA), etc. ICMA students are often exposed to a range of peer influences that can assist or delay their
learning process in pursuing academic aspirations and career growth.

Understanding Peer Pressure

Conformity when to peers can take the form of adaptation to social norms imposed by ones schoolmates
(e.g. This influence can be both positive and negative.

Future Chartered Management Accountant 10 March 2025

Positive peer pressure in students motivates them to perform positive behaviors, for example to study with
others or to work on a group project, which promotes a teamwork learning environment. Counteracting negative
peer pressure, however, can be distracting either by creating distractions or unhealthy competition, which,
consequently, will be distracting from studying.

Strategies for Managing Peer Pressure

ICMA students employ a variety of strategies to effectively avoid peer pressure and maintain academic
honesty. One crucial approach is building a supportive network. Engrossed in each other’s company,
students benefiting from similar sociodemographic contexts and shared worldviews and goals, can create
a sphere in which mutualism is the rule, rather than competition. This residency gives them a feeling of
belonging which motivates and encourages them to be studious.

Additionally, the capacity for time management is of paramount importance with regard to the ability to
compartmentalize academic tasks from leisure pursuits.

It is common for ICMA students to use planners or digital management tools in order to manage their time
effectively, in order to schedule as well as allocate time for both academic pursuits and leisure activities.
The balance playing a significant role in alleviating the stress, which peer pressure can impose.

Fostering Self-Confidence

Another important determinant of. is self-confidence, ie. Secure students in terms of ability and choice are
less vulnerable to pressures that do not go with their beliefs, and their goals for their studies. The relevance
of self-knowledge and self-compassion is emphasized by ICMA, and students are encouraged to appreciate
their own strengths as well as to accept and enjoy their own “apprenticeship.

Open Communication

Furthermore, maintaining open links with mentors and peers will be an advantage to resist peer pressure. It is highly
recommended that students openly discuss the experience and obstacles that they face, thereby creating a climate of
acceptance in which students can readily ask questions and seek advice or support without the risk of being judged.

In this dialogue not only connections, but also the sensation of belonging in the ICMA in the background
is maintained.

In conclusion, while peer pressure is an inevitable aspect of student life, ICMA students demonstrate resilience
through supportive networks, effective time management, self-confidence, and open communication.
Implementing these approaches not only improves academic attainment but also creates a conducive
environment to promote personal growth and achievement.

Future Chartered Management Accountant 11 March 2025

 Developing Emotional Intelligence as a Habit
What is the capacity to understand individuals on a deeper level (EI)?

The capacity to appreciate individuals on a profound level (EI), otherwise called Close
to Home Remainder (EQ), alludes to the capacity to perceive, comprehend, make do,
and impact feelings — both your own and those of others. It assumes a basic part in the
initiative, connections, and individual achievement.

By: Mansoor Akhter The ability to appreciate individuals on a deeper level normally incorporates
Malik
(Islamabad) five key parts:
Reg # 20150113
1. Self-mindfulness: Perceiving and figuring out your own feelings, as well as their impact
on your viewpoints and conduct.

2. Self-guideline: Overseeing or diverting your troublesome feelings and driving forces strongly, remaining
mentally collected and formed under tension.

3. Motivation: Being headed to accomplish objectives for individual fulfillment as opposed to outer rewards and
having major areas of strength for a direction.

4. Empathy: Figuring out the feelings, needs, and worries of others, which permits you to associate and convey
more successfully.

5. Social abilities: Building solid connections, overseeing struggle, and cooperating with other people in different
circumstances.

The most effective method to Work on the Ability to appreciate anyone on a profound level.

Further developing your capacity to understand individuals on a deeper level includes both thoughtfulness
and dynamic practice. Here are a few stages you can take to reinforce every one of the five parts:

1. Mindfulness:

• Practice Care: Take time every day to be available and consider your feelings. Journaling can assist you
with perceiving designs in your feelings and triggers.

• Request Criticism: Look for input from believed individuals around you on how you handle feelings or
respond in circumstances.

• Distinguish Close to home Triggers: Focus on minutes when your feelings strengthen. What caused them?
Understanding your triggers assists you with controlling your responses.

2. Self-guideline:

• Stop Prior to Responding: When feelings rise, work on taking a full breath and stopping prior to
responding. This will give you an opportunity to think and keep away from hasty reactions.

• Foster Sound Survival techniques: Participate in exercises that assist with quieting your feelings, like
contemplation, profound breathing activities, or proactive tasks.

• Centre around Arrangements: Rather than harping on issues or slip-ups, attempt to move your attitude
towards settling difficulties serenely and helpfully.

Future Chartered Management Accountant 12 March 2025

3. Inspiration:

• Put forth Clear Objectives: Recognize both short- and long-haul individual and expert objectives. Having
a reasonable vision of what you need to accomplish can fuel your inspiration.

• Observe Little Wins: Recognize your advancement to remain persuaded and perceive your
accomplishments, regardless of how little.

• Track down the Importance in What You Do: Adjust your undertakings to a reason that resounds with
your qualities. At the point when you’re energetic about what you do, inspiration streams normally.

4. Sympathy:

• Practice Undivided attention: Pay attention to others without intruding. Centre around grasping their
feelings and perspectives, in addition to their words.

• Come at the situation from Others’ Perspective: Attempt to see circumstances according to others’
viewpoints. This assists you with figuring out their sentiments, difficulties, and requirements.

• Show Empathy: Recognize others’ battles or feelings and show understanding or backing, regardless of
whether you concur with them.

5. Interactive abilities:

• Further develop Correspondence: Be clear and conscious in your correspondence, trying to convey your
contemplations and feelings helpfully.

• Foster Compromise Abilities: Work on keeping cool-headed and objective in struggle circumstances. Go
for the gold arrangements and try not to heighten what is happening.

• Construct Solid Connections: Concentrate intensely on sustaining your connections, helping, consolation,
and certifiable help.

Viable Activities to Lift Emotional Intelligence:

1. Mindfulness Contemplation: Take part in standard reflection to increment mindfulness and profound control.

2. Emotion Journal: Record your close-to-home encounters by the day’s end, thinking about why you felt the
manner in which you did and how you answered.

3. Role-Playing: Practice pretending different social situations with a companion or guide to work on your
compassion and interactive abilities.

4. Nonviolent Correspondence: Learn and rehearse peaceful correspondence methods to communicate your
sentiments without being fierce.

5. Empathy Strolls: Invest energy with individuals from various foundations and effectively pay attention to their
accounts to widen how you might interpret others’ close-to-home encounters.

Further developing your capacity to appreciate individuals on a deeper level is a continuous interaction. The more
you practice, the more normal it becomes. As a business chief and a decent human, the capacity to understand
people on a deeper level will improve your capacity to interface with others, settle on smart choices, and lead
with compassion and strength.

Future Chartered Management Accountant 13 March 2025

 How CMA Students Can Build Valuable
Industry Connections
Introduction: The Hidden 2. Learning Beyond the Classroom
Key to Success
Networking connects students with professionals who
In today’s fast-paced business have real-world experience in cost and management
world, technical skills and accounting. Engaging in conversations with industry
academic qualifications alone are leaders can provide insights into market trends,
no longer enough to guarantee technological advancements, and best practices that
By: M. Saud Faisal career success. The real game- textbooks cannot offer.
(Faisalabad)
Reg # 20230462 changer? Networking. For young
professionals, especially CMA Pro Tip: Follow industry leaders on LinkedIn and
students, networking is not just about exchanging participate in discussions to gain valuable knowledge.
business cards or connecting on LinkedIn. It is about
building relationships, gaining industry insights, Where to Network? The Best Platforms for
and creating opportunities that can shape your CMA Students
professional future.
1. ICMA Pakistan Events & Seminars
But how does a CMA student develop strong industry
connections? How can networking open doors to ICMA Pakistan frequently organizes conferences,
career growth? This article explores the power of networking sessions, and alumni meet-ups. Attending
networking, its benefits, and the best strategies for these events allows students to interact with CMA
CMA students to create meaningful connections. professionals, business leaders, and fellow students.

2. LinkedIn – The Digital Networking Hub

With over 900 million users worldwide, LinkedIn is the

most powerful networking tool for professionals. CMA
students can connect with industry experts, engage in
discussions, and share insights.

Conclusion: Start Networking Today!

Networking is not just an optional career tool—it is a

necessary skill for success in today’s competitive job
Why Networking Matters for CMA Students market. As a CMA student, every interaction you make
today can shape your future opportunities.
1. Unlocking Career Opportunities
Final Thought: “Your network is your net worth.” The
The job market is highly competitive, and many
more you invest in professional relationships, the
positions are filled before they are even advertised.
richer your career journey will be.
Studies suggest that 70-80% of jobs
are secured through networking
rather than traditional job
applications. A strong professional
network gives you direct access to
industry experts, decision-makers,
and potential employers.

Example: A CMA student attending

an industry seminar meets a CFO
who later recommends them for an
internship.

Future Chartered Management Accountant 14 March 2025

 The Digital Transformation in Auditing
Introduction: entire datasets. Data analytics tools empower
auditors to uncover trends, anomalies, and
Auditing is no longer a game hidden patterns that were once impossible to
of spreadsheets and endless detect.
paperwork. The digital age has
arrived, and with it, the auditing • These tools don’t just flag issues; they create a
profession is experiencing an roadmap for better decision-making, adding a
By: M. Waqar Azeem electrifying transformation. whole new dimension to audits.
(Faisalabad) Imagine uncovering financial
Reg # 20210347
insights with the precision of 2. ERP Systems
a laser, detecting fraud before it even happens, and
delivering reports that spark action. That’s the power • Enterprise Resource Planning (ERP) systems
of digital transformation in audit practices. Let’s are the ultimate goldmine of real-time
explore how technology is reshaping this critical field data. Auditors now have full excess to
and turning auditors into strategic game-changers. comprehensive organizational insights, all in
one place.
The Role of Technology in Modern Audit Practices
• This integration reduces errors and improves audit
1. Data Analytics accuracy, making audits more strategic.
• Say goodbye to sampling and hello to analyzing

Future Chartered Management Accountant 15 March 2025

 evolve in real-time, keeping auditors a step ahead.

2. Fraud Detection with Precision

• Advanced fraud detection systems use AI and

machine learning to scan for irregularities and red
flags across vast datasets.

• These technologies can identify complex fraud

schemes, such as collusion or financial statement
manipulation, that were once difficult to detect.

3. Real-Time Monitoring
3. AI and Machine Learning
• Continuous auditing tools provide real-time
insights, allowing auditors to spot and address
• Why sift through piles of data when AI can do it
fraudulent activities as they happen.
in seconds? AI tools automate tedious tasks like
document verification, compliance checks, and
• This shift from reactive to proactive fraud
data reconciliation.
detection significantly enhances organizational
resilience.
• Machine learning doesn’t just find anomalies; it
learns and adapts, making auditors more proactive
in risk assessment and fraud detection. Challenges in Digital Audit Transformation

4. Blockchain 1. Keeping Up with Rapid Tech Evolution

• Imagine a world where every transaction is • Technology evolves at lightning speed, and
transparent, immutable, and instantly verifiable. regulatory frameworks struggle to keep up.
That’s the promise of blockchain technology. Auditors must stay updated and adapt quickly to
new tools and standards.
• For auditors, blockchain means less time spent
verifying transactions and more time analyzing 2. Bridging the Skill Gap
what really matters.
• Digital tools demand new expertise, and not all
5. Cybersecurity auditors are tech-savvy. Continuous training and
upskilling are the keys to staying relevant.
• As audits become more digitized, securing
sensitive data is non-negotiable. Cybersecurity 3. Seamless Integration
tools act as the first line of defense against
breaches and unauthorized access. • Adopting new technologies isn’t always smooth
sailing. Ensuring these tools fit seamlessly into
• Regular security assessments ensure audits existing workflows is a challenge that demands
remain airtight, maintaining trust and compliance. strategic planning.

Risk Assessment and Fraud Detection Conclusion:

1. Proactive Risk Management The digital revolution is not just knocking on the
door of audit practices; it has kicked it wide open.
• Digital tools empower auditors to identify and By embracing cutting-edge technologies, auditors
prioritize risks with unprecedented accuracy. are no longer just compliance checkers but strategic
Predictive analytics highlights areas of concern partners driving business excellence. From risk
before they escalate into critical issues. assessment to fraud detection, the possibilities are
endless. The future of auditing is exciting, dynamic,
• Risk assessments are no longer static exercises; they and full of possibilities.

Future Chartered Management Accountant 16 March 2025

 The Role of China’s Huge Population
in Its Economic Growth
Professional Skills 2) Technology adoption
and Training
China has rapidly adopted new technologies, such
1) Massive education system as artificial intelligence, robotics, and the Internet of
Things (IoT), to drive innovation and productivity.
China has invested heavily in
education, creating a large pool Demographic Dividend
By: M. Ahmed of skilled and educated workers.
(Lahore) 1) Large workforce
Reg # 20230688
2) Vocational training
China’s massive population provides a large
China offers vocational training programs to equip workforce, which has driven economic growth and
workers with practical skills, making them more competitiveness.
employable.
2) Aging population
Economic Policies
China’s aging population presents challenges, but also
1) Economic reforms opportunities for businesses to cater to the needs of
an aging population.
China’s economic reforms have created a business-
friendly environment, attracted foreign investment Government Support:
and promoted entrepreneurship.
1) Business-friendly policies
2) Special Economic Zones (SEZs)
China’s government has implemented policies to
China has established SEZs, which offer tax incentives, support businesses, such as tax incentives, subsidies,
streamlined regulations, and other benefits to attract and investment in infrastructure.
businesses and investments.
2) State-owned enterprises (SOEs)
Infrastructure Development
China’s SOEs play a significant role in the economy,
1) Massive infrastructure investments driving growth and innovation in strategic sectors.

China has invested heavily in infrastructure Entrepreneurship and Private Sector:

development, including transportation networks,
energy systems, and telecommunications. 1) Private sector growth

2) Logistics and supply chain management China’s private sector has grown significantly, driving
innovation, job creation, and economic growth.
China’s infrastructure development has enabled
efficient logistics and supply chain management, 2) Entrepreneurship
making it an hour attractive location for businesses.
China has encouraged entrepreneurship through
Innovation and Technology initiatives such as startup funding, incubators, and
accelerators.
1) Government support for innovation
China’s population has been a key driver of its
China’s government has implemented policies to economic growth, and the government has
support innovation, such as funding for research and implemented various policies and initiatives to
development, tax incentives, and investment in startups. leverage this demographic dividend.

Future Chartered Management Accountant 17 March 2025

 Brain Drain in Pakistan and
Its Economic Impact
Brain drain is a term used to describe the migration of highly skilled and well-educated individuals
or human resources from one country to another, typically from a lower-income country to a
higher-income country.

In Pakistan, brain drain has become an alarming issue, with thousands of highly skilled
and well-educated individuals migrating every year to countries where they find better
opportunities.
By: Basit Hussain
(Karachi) If we look at the numbers of how many people have left the country within the last two to
Reg # 20223553
three years, the figures are staggering. In 2022, approximately 832,339 people migrated,
with 386,574 being highly skilled and qualified. In 2023, the total number rose to 862,625, with 383,379 being
highly qualified. In 2024, the total was 727,381, with 304,727 of them being highly skilled and qualified individuals
(Source: Bureau of Emigration & Overseas Employment)1.

In continuation, another report released by Gallup revealed that over two-thirds of young Pakistanis surveyed
expressed a desire to work and study abroad. Moreover, 50 percent of them stated that they would never return
to their homeland.
(Source: Dawn News)

The Economic Impact of Brain Drain

One argument often presented in defense of brain drain is that those working abroad bring foreign remittances
into Pakistan, which significantly helps the current country’s economy. However, it is essential to emphasize the
term current when referring to the country’s economic condition. While foreign remittances may provide short-
term support to the country’s reserves, in my opinion, brain drain ultimately harms the economy and businesses
in the long term. Let us now explore how brain drain is detrimentally affecting Pakistan’s economic future.

If we look at the foreign remittances received from overseas, we can see the following figures:
• In 2022, Pakistan received USD 29,889.21 million;
• In 2023, it was USD 26,350.36 million;
• In 2024, the figure rose to USD 34,661.16 million.
(Source: SBP)

These remittances provide short-term relief to the country’s financial reserves. However, as we have discussed
earlier, while foreign remittances contribute to immediate economic stability, the long-term impact of brain drain
cannot be ignored. The continuous migration of skilled professionals is leading to a shortage of talent in critical
sectors, and this poses a serious challenge to the country’s sustainable growth and development.

The cost of this remittance remains uncalculated. Due to the continuous migration of skilled workers, the country faces
a growing skill gap, making it increasingly difficult to innovate and compete on a global scale. This brain drain not only
deprives the economy of talented individuals but also weakens key sectors such as education, healthcare, and technology.
The highly educated and skilled minds are not only assets but essential for the sustainable growth of any economy.

Future Chartered Management Accountant 18 March 2025

In 2023 alone, Pakistan has lost 7,000 engineers, 25,000 doctors, 1,600 nurses, 2,000 computer experts, 6,500
accountants, 2,600 agricultural experts and 900 teachers (Source: ARY News)4.

Why are People Leaving Pakistan?

To understand why people, leave we can refer to another Gallup survey, where respondents were asked: “Which
of the following best describes your current financial situation?”
58 percent said they were struggling financially.
(Source: Gallup Pakistan)

Beyond financial instability, other major causes of brain drain in

Pakistan include: Political instability, A poor education system, Lack
of support for startups, High inflation, High-interest rates, Security
Issues. With these negative causes, how can it be said that brain
drain is beneficial for Pakistan?

Mostly, it is stated that educated people are migrating due to these

factors, but I want to emphasize that this migration is not solving the problem. In fact, because of the lack of educated
minds and skilled professionals, we are failing to create new opportunities and expand our businesses. This is exactly
why developed countries, where our professionals migrate, continue to grow, while we struggle to progress.

Our finance professionals, who could have been contributing to Pakistan’s financial stability, are helping foreign
countries manage their finances efficiently. Our engineers, who could have been developing technology in
Pakistan, are instead creating innovations that are supplied globally. According to the WHO, we already have a
shortage of doctors, yet medical professionals continue to leave.

If these skilled and educated minds remained in Pakistan, they would directly contribute to GDP growth and
foreign reserves far more than the approximately $34 billion in remittances we receive annually.

What can be Done?

The question is not just why people are leaving, but what can be done to stop this loss. We need to create an
environment where professionals don’t feel the need to seek opportunities elsewhere. The government must
take serious steps to ensure job security, economic stability, and better research and development facilities.
Policies should encourage entrepreneurship and innovation so that skilled individuals can build their futures in
Pakistan rather than abroad.

At the same time, it is also our responsibility to change our mindset. Instead of seeing migration as the only way
forward, we should focus on making our own country a place worth staying in. If our professionals and skilled
workers continue to leave, we will keep losing not just talent but also our economic potential.

The real solution is not to rely on foreign remittances but to create opportunities within our borders. If our
educated minds and skilled professionals remain in Pakistan, we can build a stronger economy, a better future,
and a self-reliant nation. It is not just about financial gain; it is about securing our country’s future for the
coming generations.

The choice is ours. Either we keep watching our best minds leave, or we take action to build a country where they
want to stay.

SOURCES
https://beoe.gov.pk/
https://www.dawn.com/news/1819778
https://easydata.sbp.org.pk/
https://arynews.tv/over-700000-people-left-pakistan-in-2024/
https://gallup.com.pk/post/36705

Future Chartered Management Accountant 19 March 2025

 Taxation In Pakistan: Historical Insights
and Economic Potential
This article investigates the beginnings of taxation and how it has influenced the economy
of Pakistan throughout its challenges and when opportunities present themselves. At its
core, taxation supports government provided services.

There are over 70 taxes serviced by more than 37 government agencies. Only 2.5 million out
of 7.1 million registered taxpayers filed returns in 2021, according to FBR statistics, but this
number increased to 5.37 million by November 2024.
By: Syeda Ayesha
(Hyderabad) The Evolution of Taxation: Historical Perspective
Reg # 20230070

There are people here today who have been obliged to pay taxes and have been complaining about it for eternity.
To put it simply, the Ancient Mesopotamians paid taxes in the form of livestock and labor. As for the Egyptian
civilizations, there is written evidence of a tax system along with tax collectors.

Islam also discusses several forms of taxation encompassing Kharaj ( land tax), Ushr agriculture (tax), and jizya(
tax on non-Muslims) to ensure justice and well-being of society.

Taxation in the region first became a thing during British rule with the Income Tax Act of 1922, which formed the
bottom of Pakistan’s tax system. To quote U.S. Supreme Court Justice Oliver Wendell Holmes (1927): “Taxes are
what we pay for a civilized society”

Economic Growth Through Taxation: A Reality Or Myth?

Pakistan’s progression towards economic advancement is guided by numerous government programs aimed at
infrastructure, social welfare, and economic development. These programs are reliant on tax revenue to serve
their purpose and expand in scope.

Future Chartered Management Accountant 20 March 2025

CPEC - China-Pakistan Economic Corridor

CPEC continues to be the most reputed multi-trillion infrastructure project in Pakistan, which has significantly
fueled the economy. The collected tax revenue has also been directed to the development of highways, the M2
motorway, the energy and infrastructure projects as well as the development of the Gwadar port.

Benazir Income Support Programme (BISP)

This initiative is the biggest tax funded social welfare program in Pakistan intended to provide monetary aid to
economically weaker sections of society. BISP serves not just as a poverty alleviation strategy, but also contributes
to economic development through increased demand for basic goods and services due to raised household
spending.

Naya Pakistan Housing Scheme

Tax revenues have been instrumental in funding affordable housing schemes, and the housing and construction
industry stands as a key pillar of Pakistan’s economy. The Naya Pakistan Housing Scheme seeks to deliver low-
cost housing to both low and middle-class families as well as generate employment and uplift ancillary industries
such as cement, steel and real estate development.

Ehsaas Program

The BISP foundation was further expanded to contain a greater scope of welfare initiatives which is why the
Ehsaas Program was birthed. The aim was to tackle directly provide financial support, educational aid, healthcare
services, and job opportunities. With sufficient tax money, the goal of Ehsaas is to address inequality and assist
underprivileged communities.

Education And Healthcare Investments

The administration has set aside a large portion of the tax income towards enhancing the quality of both
healthcare and education. The Sehat Sahulat Program, which offers health insurance to the less privileged
citizens, coupled with greater investments in public universities and vocational training centers showcase the
effective use of tax revenue towards enhancing a country’s human capital.

With effective utilization of tax revenue through these projects, Pakistan can achieve sustained economic growth,
reduced disparities, and enhanced quality of life.

Conclusion

In a nutshell, the taxation system in Pakistan is one that offers both its fair share of woes and prospects.
True, there are a number of inefficiencies in the tax system, majorly over-reliant on indirect taxes which
has negative repercussions. At the mall down the street an amount that goes from my pocket while
purchasing the pair of shoes is exactly the same as when a tycoon buys that pair of shoes at the same shop
.
This prevents equitable growth while further widening the economic gap due to its regressive nature. On the
other hand there also exists vast scope for the country’s use of taxation policies as an avenue to enhance economic
development and reduce inequalities. By broadening the tax base, establishing a system of progressive taxes and
tax enforcement, Pakistan can change its tax policy from a burden into a driver of prolonged growth.

As Adam Smith Said:

“The tax which each individual is bound to pay ought to be certain and not arbitrary “
Effective taxation, for instance, has the potential to release Pakistan’s economic potential and guarantee a better
future for all its citizens.

Future Chartered Management Accountant 21 March 2025

 CONTRIBUTOR Congratulations
OF BEST ARTICLE
IN ‘BUSINESS & ECONOMY’ SEGMENT OF
THE LAST ISSUE OF ‘FUTURE CMAs’

The article titled ‘Globalization & Economy

of Pakistan’ written by Mansoor Akhter from
Islamabad, published in the ‘Business & Economy’
segment in the December 2024 issue of ‘Future
CMAs’ has been judged by the Reviewers as the
‘Best Presented Article’. The initial review was made
by the Research and Publications Department
whereas the final review was made by Dr. Salman
Masood, FCMA. The review was made as per the
criteria already circulated and published regularly
through the Students’ Magazine.
Mansoor Akhter
(Islamabad)
[Reg # 20150113]

Other students are encouraged to submit their best piece of writing for the
‘Business & Economy’ segment in the next issue of the magazine to become eligible
for the ‘Best Presented Article’ recognition.

IS SUE
LAST

Future Chartered Management Accountant 22 March 2025

The Role of Artificial Intelligence in Accounting
Introduction: can pick out patterns and trends for you. Imagine
staring at a huge spreadsheet-you’d spend hours
Artificial intelligence (AI) has figuring out what’s going on. Excel? It highlights the
slowly but surely found its way trends and even suggests the best charts to use.
into our daily work routines, and
accounting is no different. Over the • QuickBooks: This one’s like having an assistant that
past few years, it’s become a quiet remembers everything. QuickBooks learns your
By: Wasiq Ahmed game-changer, handling the dull, habits. If you always categorize certain expenses a
(Karachi) repetitive tasks so accountants certain way, it picks up on that and does it for you.
Reg # 20100793
can focus on the stuff that really Goodbye, endless data entry.
matters. Whether it’s catching errors or analyzing trends,
AI is making life easier—one spreadsheet at a time. • Xero: Let’s talk receipts-everyone’s nightmare.
With Xero, you snap a picture, and the software
Current Use of AI in Accounting: logs it for you. No more scrambling to find that
one receipt buried in your bag.
AI in accounting isn’t just about fancy gadgets; it’s
about simplifying your day-to-day work. Let’s take a • Mind Bridge Ai Auditor: Audits are stressful. Mind
look at some tools already making a difference: Bridge makes it easier by scanning your financial
data for anything odd-whether it’s a potential
• Microsoft Excel with AI: Excel isn’t just about rows error or something more serious. It’s like having a
and columns anymore. Its AI features, like Ideas, watchdog that never sleeps.

Future Chartered Management Accountant 23 March 2025

These tools aren’t replacing accountants; they’re 3. Job Concerns: Sure, AI takes over repetitive tasks,
freeing them up to work smarter. but that also means some entry-level jobs might
shift. On the flip side, it creates opportunities for
Benefits of AI in Accounting: more strategic roles.

So why is everyone talking about AI? Here’s why: The takeaway? Balance is key-invest in tech, but don’t
forget the human element.
• Time-Saving: Tools like Excel and QuickBooks cut
down hours of manual work. Instead of crunching Future Trends and Developments:
numbers, you’re free to focus on strategy.
AI is not just here to make today’s work easier. It’s
• Fewer Errors: AI isn’t perfect, but it’s way better shaping the future of accounting, too:
at avoiding mistakes. Platforms like Sage Intacct
catch issues before they snowball. • Smarter Predictions: As tools get better, they’ll
provide even sharper real-time insights. Imagine
• Better Insights: Predictive analytics can show you being able to tweak your strategy on the fly based
the impact of a decision before you even make it. on what AI tells you.
Thinking about raising prices? AI can help you see
how that might affect your bottom line. • Blockchain Meets AI: Pairing AI with blockchain
could make financial processes more secure and
It’s less about replacing people and more about transparent. Some platforms are already testing
making their work easier and more impactful. these waters, and it looks promising.

Challenges and Considerations: • It’s not just about keeping up—it’s about staying
ahead.
But, let’s be real-it’s not all sunshine and roses. Here
are a few things to watch out for: Conclusion:

1. Data Privacy: Financial info is sensitive. You don’t AI is changing the way accountants work, but it’s
want it floating around where it shouldn’t. Systems not about taking over. It’s about making life easier,
like Microsoft Azure do a great job at securing data, processes smoother, and insights sharper. The real
but it’s still up to businesses to stay cautious. magic happens when technology and human expertise
come together. By embracing AI thoughtfully,
2. Learning Curve: Not everyone’s tech-savvy. accountants can stay ahead of the curve, ready to
Adopting AI tools means accountants need to tackle the challenges of tomorrow with confidence.
learn new skills, and that takes time and training.

Will AI Replace Accountants? A look at the

Future of Accounting Careers
Will AI Replace Accountants?
The rise of artificial intelligence (AI) has sparked concerns across various industries, including
accounting. AI is incredibly efficient at data entry, spotting errors, and automating routine
tasks, significantly reducing the time required for these processes—from hours to mere
seconds. However, instead of replacing accountants, AI serves as a powerful tool to enhance
their capabilities, allowing them to focus on more strategic and value-added activities.
By: Faiza Farooq
(Faisalabad)
Reg # 20231241
AI as a Tool for Accountants

Rather than viewing AI as a threat, accountants should embrace it as an opportunity. AI assists management
accountants in handling complex tasks, such as financial forecasting and decision-making. The key to staying
relevant in this evolving landscape is to work alongside AI, develop new skills like data analytics and processing, and

Future Chartered Management Accountant 24 March 2025

keep up with technological advancements. AI
is not eliminating the need for accountants;
rather, it is broadening their roles beyond
simple data recording and analysis.

The Evolving Role of Accountants

With AI automating repetitive tasks,

accountants can now focus on higher-level
responsibilities such as strategic planning,
risk management, and financial advisory.
AI enhances decision-making and critical
thinking by providing fast and accurate
financial insights, but human accountants
are still needed to interpret these insights
and make informed business decisions. Instead of merely processing data, accountants are now responsible for
adding value to organizations by offering strategic advice and guidance.

AI and ERP Systems

AI is also transforming Enterprise Resource Planning (ERP) systems. Leading ERP software providers, including
SAP S/4HANA, Oracle, and Microsoft Dynamics, are integrating AI to improve data analytics. These advancements
allow businesses to analyze both internal and third-party data, making forecasting and predictive analysis more
effective. The key to leveraging AI in accounting is ensuring that data is accurate, clean, and well-structured, as
AI relies heavily on high-quality input to generate meaningful insights.

AI in Accounting Applications

AI is revolutionizing several accounting functions, including:

• Invoice Processing and Expense Management – Automating data extraction and categorization.
• Data Analysis and Financial Reporting – Generating reports quickly and accurately.
• Fraud Detection – Identifying anomalies and suspicious transactions.
• Compliance and Audit Management – Ensuring adherence to regulations.
• Business Intelligence and Strategic Planning – Offering deeper insights for better decision-making.

The Role of Accountants in Decision-Making

While AI can generate financial reports and summarize data within seconds, it cannot replace the judgment and
expertise of accountants. AI lacks the ability to provide personalized business advice or understand the nuances
of specific industries. Business owners still rely on accountants for strategic recommendations and customized
financial guidance. The accountants who leverage AI will have a competitive advantage over those who do not.

The Future of Accounting with AI

AI is not here to steal jobs; rather, it is here to transform them. The future belongs to accountants who embrace
AI and use it to enhance their efficiency and effectiveness. The real threat is not AI itself but accountants who
fail to adopt and adapt to AI-driven tools.

As AI continues to evolve, the need for accountants to learn how to utilize AI platforms and automation is
becoming increasingly critical. The key takeaway is that AI will not replace accountants, but accountants using AI
will replace those who do not. By staying informed, upskilling, and leveraging AI-driven solutions, accountants
can future-proof their careers and play a more strategic role in the financial landscape.

Future Chartered Management Accountant 25 March 2025

 history of Gaddafi Stadium
By: Syeda Ayesha (Hyderabad) Reg # 20230070

Gaddafi Stadium: The Pride of Lahore

Gaddafi Stadium is one of the most magnificent and spectacular cricket venues in Pakistan. It is considered as the
home of Pakistan’s national cricket team because the headquarters of the PCB are situated there. It is regarded
as a rich historical site that has witnessed countless fascinating matches over the years. Enthusiastic supporters
from all over Pakistan come just to see their favorite cricket stars in action hence representing the entire nation.

History and Inauguration

The stadium was constructed by Mian Abdul Khaliq and designed by Nasreddin Murat in 1959. It was originally
named Lahore Stadium but later on, it was renamed after Muammar Gaddafi of Libya in 1994.

Restoration and Upgrading

Recently, Gaddafi Stadium was reconstructed. Prime Minister Shehbaz Sharif inaugurated the newly renovated
Gaddafi Stadium in Lahore making a significant milestone ahead of the ICC Men’s Champions Trophy 2025. The
event progressed through various performances by renowned Pakistani singers like Aima Baig and Ali Zafar,
making it grand and memorable.

Future Chartered Management Accountant 26 March 2025

These new features come with modern technology such as brighter LED lights, high-quality pitches, upgraded
broadcast system, modernized accommodation facilities in the dressing room, and better seating arrangements
for the spectators which will make the crowd of at least 35000 attendees even more comfy.

Matches Played at Gadaafi Stadium

Gaddafi Stadium has been lucky to host more than 60 Test matches, over 70-one day Internationals, and countless
T20 Internationals. It has hosted major international events like the 1996 Cricket World Cup and the Asia Cup.
The highlight hasn’t been beaten to this day, and that is the resounding win by Sri Lanka against Australia during
the climax of the 1996 Cricket World Cup. The ground has seen veteran cricketers scoring milestones such as
Imran Khan, Waqar Younis, and Wasim Akram, and International greats such as Sachin Tendulkar, Brian Lara, and
Muttiah Muralitharan.

Pakistan Record at the Stadium

At their home ground the Pakistan Cricket team has had a considerable amount of success. In more than 20 test
matches and nearly 35 ODIs, the Pakistan Cricket team has emerged victorious. It has also conducted exciting
events for the Pakistan Super League and it has hosted 17 PSL matches. A test match in 2004 was another
remarkable moment for Gaddafi Stadium. Pakistan played against India and Younis Khan scored a stunning
century which helped Pakistan achieve a memorable win.

Conclusion

Gaddafi Stadium remains an exemplar of the unwavering love Pakistan has for cricket. The glory of hosting
cricket matches for over sixty years and a mark for many prestigious matches has always made Gaddafi
Stadium the pride of Pakistan. The stadium is viewed as a fortress for Pakistan since the passionate
supporters have made it possible for Pakistan to win many captivating matches that add to the country’s
honor in the game of cricket.

Future Chartered Management Accountant 27 March 2025

 Proficiency Awards Achievers
Nov - Dec 2024 Examinations
SPECIAL CERTIFICATE OF MERIT

AIMEN IFTIKHAR MUHAMMAD UMAR SHAHID FAIZA FAYAZ

Part: Practical Corporate Training Level-1 Part: Operational Level-1 Part: Operational Level-2
Centre: Multan | Session: Nov 2024 Centre: Islamabad | Session: Dec 2024 Centre: Islamabad | Session: Dec 2024

CERTIFICATE OF MERIT

AIMEN IFTIKHAR MUHAMMAD UMAR SHAHID FAIZA FAYAZ

Subject: Practical Aspects of Subject: Fundamental of Subject: Business Mathematics &
Banking and Finance Financial Accounting Statistical Inference
Part: Practical Corporate Training Level-1 Part: Operational Level-1 Part: Operational Level-2
Centre: Multan | Session: Nov 2024 Centre: Islamabad | Session: Dec 2024 Centre: Islamabad | Session: Dec 2024

Highest Marks Achievers

[Other than Proficiency Awards Achievers]
Nov - Dec 2024 Examinations

DUROSHAM FALAK SIDDIQUI RUMAISA KASHIF MUHAMMAD AWAIS AREESHA JAMIL

Subject: Fundamentals of Subject: Commercial Laws and Subject: Corporate Governance Subject: Business Taxation
Management Business Ethics and Business Laws Part: Strategic Level-1
Part: Operational Level-2 Part: Operational Level-2 Part: Managerial Level-2 Centre: Karachi
Centre: Karachi Centre: Karachi Centre: Karachi

UMM E AIMAN MUNEER SYED MUHAMMAD USMAN ALAM UZAIR KHAN JANNAT MEHREEN CHAUDHARY
Subject: Strategic Management Subject: Financial Modeling and Subject: Business Economics Subject: Fundamentals of Cost &
Part: Strategic Level-2 Management Reporting Part: Operational Level-1 Management Accounting
Centre: Karachi Part: Practical Corporate Training Level-1 Centre: Lahore Part: Managerial Level-1
Centre: Karachi Centre: Lahore

Future Chartered Management Accountant 28 March 2025

 MUHAMMAD ARSHAD SHERAZ ALI SHAHZAD ALI HASSAN FIZZA
Subject: Financial Accounting & Subject: Advanced Management Subject: Business Taxation Subject: Practical Understanding
Corporate Reporting Accounting Part: Strategic Level-1 of Regulatory Bodies in Pakistan
Part: Managerial Level-2 Part: Managerial Level-2 Centre: Lahore Part: Optional Practical
Centre: Lahore Centre: Lahore Corporate Training Module
Centre: Lahore

MUDDASIR SHAFIQUE MUHAMMAD OWAIS HADIA MALIK AMINA AMEEN

Subject: Advanced Financial Subject: Practical Aspects of Subject: Communication Skills Subject: Business Communication
Accounting & Corporate Reporting Business Laws Part: Practical Corporate & Report Writing
Part: Strategic Level-1 Part: Practical Corporate Training Level-2 Training Level-2 Part: Operational Level-1
Centre: Islamabad Centre: Islamabad Centre: Islamabad Centre: Multan

BUSHRA GULL ADEEL FIDA AHMAD ALI MUHAMMAD FIAZ NAWAZ

Subject: Enterprise Management Subject: Management Subject: Audit & Assurance Subject: ERP Solutions and Practical
Part: Managerial Level-1 Information Systems Part: Strategic Level-1 Aspects of Accounting & Auditing
Centre: Multan Part: Managerial Level-1 Centre: Multan Procedures
Centre: Multan Part: Practical Corporate Training Level-1
Centre: Multan

CONTRIBUTORS OF THE LAST ISSUE

Karachi / Hyderabad Multan Faisalabad

Mariyam Khan Basit Hussain Kashaf ul Eman M. Waqar Azeem

Islamabad Lahore

Areej Asad Khan Mansoor Akhter Ayesha Yaseen Zain Anjum Syeda Abeeha Usama Bin Imran Saba Ahsan

Future Chartered Management Accountant 29 March 2025

 Criteria for Judging the ‘Best Presented
Article’ in the ‘Business & Economy’ segment
of FUTURE CMAs
Detail of Student

Name of Student
Registration No.
Campus
Contact No.
Email address:

Detail of Article submitted

Topic of Article
Total Word Count
Unique Content (%)

Review Criteria

Sr. Criteria Description Criteria Points Points Earned

Initial Review Final Review
1 Originality of Contents Creative; Own writing; Max. 80% unique con- 25
tents; References provided
2 Topic Selection Topic is short, specific and catchy; Relevant to 10
current scenario
3 Presentation Style Well presented; perfect paragraphing; suitabili- 20
ty of sub-headings; flow and connectivity of
paragraphs; charts and graphs relevant to text
4 Accuracy of Facts and Figures Authentic sources of References; Valid Reason 15
and Logic, if own derived
5 Length of Essay Minimum 300 words; Maximum 500 words 05
6 Perfection of Language Short and Precise; Clear and easy understandable; 25
Free from spelling mistakes and grammatical
errors; avoidance of superfluous vocabulary
Total 100

Review Procedure

a) Step 1: Initial Review of articles shall be made by the R&P Department.

b) Step 2: Final Review of all articles to be made by a member of R&P Committee on SPS to be decided by
the Chairman.

c) Step 3: Final Score/Points Earned on each article to be compiled by R&P Department and placed in
R&P Committee Meeting for approval

d) Step 5: The name and picture of the Winning Student to be published in the next issue of Future CMAs.

Future Chartered Management Accountant 30 March 2025

For downloading the latest issues, please visit: www.icmainternational.com