Framework signing ceremony between The Institute of Chartered Accountants of Pakistan and
Institute of Business Administration on launch of ICAP-IBA Research Unit
Karachi – September 1, 2020: To promote research in the field of Accounting and Finance, the
Institute of Chartered Accountants of Pakistan (ICAP) and Institute of Business Administration
laid the foundation of ICAP-IBA Research Unit (IIRU). The two institutes expressed their intention
to promote research and development in Pakistan by attracting and retaining outstanding
scholars having research interest in the areas relevant to the profession, including finance,
accounting, auditing, corporate governance and taxation. ICAP and IBA sponsors of the IIRU will
provide the requisite funding, in shape of grants to the research candidates. The Unit will focus
on action-oriented research, which is expected to create value and impact for relevant
stakeholders. Through this initiative ICAP members, students and renowned researchers will
work together as team to foster culture of research. IIRU will be governed by Research Oversight
Committee, chaired by President ICAP, with members from both Institutes.
Mr. Khalilullah Shaikh, President ICAP speaking on the occasion said both institutes share the
common vision of serving public interest and ICAP-IBA Research Unit (IIRA) is a great step in this
direction. ICAP has been striving to foster culture of research in CAs and IIRU will help contribute
towards this area.
He further added that ICAP is well represented in global accounting bodies and CAs from Pakistan
are proving their mettle across the globe. The President said that the field of research has always
been very close to his heart and establishment of IIRU will go a long way in inculcating research
culture at ICAP.
Dr. Syed Akbar Zaidi, Executive Director IBA welcomed President ICAP to IBA. He expressed his
gratitude that leading professional body has come forward to become a partner for research and
development. He said that the collaboration between the leading university and professional
accounting body in the field of research will be beneficial for the research fraternity and Pakistani
society. He further added that the IIRU framework has already been developed and the
advertisement for call for proposals will be the next step.
Mr. Khalilullah Shaikh (President ICAP), Dr. Syed Akbar Zaidi (Executive Director), Mr. Syed Najm
ul Hussain (ICAP Council Member), Mr. Riaz A. Chamdia (ICAP Council Member), Mr. Shareef
Tabani (ICAP Council Member), Mr. Syed Masood Akhtar (Secretary, ICAP), Mr. Haroon Tabraze
(IBA) and senior officials from both the institutes were present at the occasion.