The Council of the Institute of Chartered Accountants of Pakistan (ICAP) elected its new Office Bearers for the year 2022-2023 in its 353rd meeting held here.
The Council unanimously elected Ashfaq Yousuf Tola as President of the Institute Husnain R. Badami and Saifullah were elected as the Vice Presidents, said the statement released on Saturday.
Ashfaq Yousuf Tola is a fellow member of the Institute of Chartered Accountants of Pakistan and Institute of Cost and Management Accountants of Pakistan. He is the President of ICAP for the term 2022-2023. Previously, he served as the Vice President for the term 2020-22 and has been Council Member since 2017. He had headed the Fiscal Laws Committee, Economic Advisory & Government Relationship Committee and Overseas Coordination Committee. He is also a life member of SAARC Chamber of Commerce and Industry. He is Technical Advisor on the Board of the South Asian Federation of Accountants (SAFA) and also chairs the Anti-Money Laundering committee of SAFA. He is an accomplished professional who has experience of over 25 years in diversified areas such as financial and forensic auditing, management consultancy, tax advisory and corporate structuring. Moreover, Tola has a keen interest in matters pertaining to the Economy of Pakistan, which is portrayed by his contributions towards policymaking, reflected through various memberships of technocratic governmental bodies, such as the Tax Reforms Implementation Committee and the Privatization Commission of Pakistan.
He has tax knowledge of more than 40 jurisdictions around the globe. —APP
