Karachi, Pakistan: The 86th Board Meeting of the South Asian Federation of Accountants (SAFA), accompanied by a series of high-level committee meetings, was held today at Karachi. The event marked a significant milestone with the announcement of new leadership appointments and key deliberations aimed at advancing the accountancy profession in South Asia.During the meeting, Mr. Ashfaq Yousuf Tola was appointed as the President of SAFA for 2025, with Mr. Mohammad Humayun Kabir assuming the role of Vice President. The appointments were announced by CA. (Dr.) Jai Kumar Batra, Permanent Secretary of SAFA, who emphasized the strategic direction and strong leadership these appointments bring to the federation for the year ahead.A highlight of the proceedings was the special addresses by Mr. Jean Bouquot, President of the International Federation of Accountants (IFAC), and Mr. Farrukh Rehman, President ICAP, who together emphasized the transformative power of collaboration in addressing regional and global economic challenges. Their insightful perspectives underscored the pivotal role of the accountancy profession in fostering transparency, innovation, and sustainable growth, while reaffirming the importance of strong partnerships between regional and international organizations.The Board concluded with an ambitious vision for 2025 under its new leadership. Key priorities include promoting collaboration, enhancing governance, and building capacity to strengthen the accountancy profession across South Asia. The Board also reaffirmed its commitment to partnerships with organizations such as USAID to support initiatives fostering good governance and accountability in the region.
About ICAP
The Institute of Chartered Accountants of Pakistan (ICAP), established in 1961, is the leading regulatory body for the accountancy profession in Pakistan, with a membership base of over 10,000 Chartered Accountants. ICAP is committed to fostering professionalism, transparency, and ethical practices.
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