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The CFA Association of Pakistan (CFAAP) promotes ethical and professional standards within the investment industry, encourages professional development through the CFA Program, and facilitates the open exchange of information and opinions.
CFAAP currently has 151 members out of which 87% are CFA Charterholders and 13% are non-charter holders. While in-house financial analysts/portfolio managers constitute a 36% majority of the society, commercial bankers at 30% have also taken a keen interest in pursuing the CFA Program.
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CFA Pakistan's mission is to serve members and the investing public by providing regular forum to educate and enhance their investment skills, to increase awareness among employers and the general public of the value of the CFA designation and to promote the highest ethical standards, professional practices and standards of professional conduct in Pakistan.
To this end, CFA Pakistan has undertaken several initiatives including:
- hosting seminars, workshops, panel discussions on issues affecting the capital markets
- conducting financial analysis and modeling workshops for analysts
- organizing the Annual Excellence Awards for various financial services in Pakistan
- tirelessly lobbying with the regulator (SECP) on governance issues, specifically Codes of Conduct and Analyst Certification Program
- arranging scholarships for deserving CFA candidates, and
- Conducting exam-study preparatory classes for CFA candidates.
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Planning Award for CFA Pakistan
From amongst 132 competing societies, CFA Pakistan was the winner of CFA Institute's Planning Award in 2008; the only non-North American society to have won an award amongst the four categories of Planning, Collaboration, Innovation, and Rehabilitation. The award was conferred on account of CFA Pakistan’s Strategic Planning. The Judges appreciated how Pakistan Society's business plan helped forced a change in the way society had previously been operating.
"The results are truly visible, as identifying issues within a society and findng proactive solutions is not small feat.Pakistan Society's award winning efforts are shining example of leadership, where thier work help lead the invesment profession globlally by setting highest standards of education, integrety, and professioal excellence. "
Mohammad Shoaib, CFA as President's Council Representative
The CFA Association of Pakistan (CFAAP) takes great pride in announcing that its founding President of the society, Mohammad Shoaib, CFA has been elected as CFA Institute’s Presidents’ Council Representative (PCR) for the Asia Pacific region for the term 2008-2010. The Asia Pacific PCR will respresent 15 CFA societies across 14 countries in the Asian and Australian continents: Australia, New Zealand, Japan, Singapore, Hong Kong, Taiwan, Malaysia, Indonesia, India, Sri Lanka, Korea, Pakistan, Philippines and Thailand. It is indeed a great honour for CFAAP. Amongst other, PCR will serve the interests of Member Societies and their members, and may include improvements in programming, membership, outreach, communication, and other opportunities for enhanced society and member services.
CFA Pakistan as GIPS Country Sponsor
In its recent meeting in Hong Kong, the Global Investment Performance Standards (GIPS) Executive Committee voted to acknowledge the CFA Association of Pakistan as an official sponsor of the Global Investment Performance Standards, or GIPS® standards, for the Pakistan market. The GIPS standards are well-recognized with high compliance levels amongst key financial centers in the United States, Canada, Europe, Africa and Asia Pacific. Global standardization of investment performance reporting gives investors around the world the additional transparency they need to compare investment managers and allows managers to compete for new business in foreign markets
Innovation Award for CFA Pakistan
From amongst 132 competing societies, CFAAP was the winner of CFA Institute's Innovation Award in 2006; the only non-North American society to have won an award amongst the four categories of Planning, Collaboration, Innovation, and Rehabilitation. The award was conferred on account of CFAAP’s Annual Excellence Awards program, aimed at promoting global best practices amongst investment practitioners. The Annual Excellence Awards are the first of its kind initiative taken by any society of CFA Institute.
"Most Influential" Award for CFA Pakistan President
CFAAP also had the honor of being the only non-North American society whose President, Mohammad Shoaib, has been recognized as “Most Influential” member by CFA Institute Magazine in 2006. CFAAP was also widely applauded by CFA Centre for Financial Market Integrity for the initiatives taken by the society leadership in the area of advocacy. |
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| Maria Hassa |
Ghulam Ali Atif |
| Fahad Rasheed |
Muhammad Siraj |
| Tayyab Saleem |
Sumaira Dada |
| Sabeen Akbani |
Muhammad Usman Qadir |
| Hira Jawaid |
Waqar Ahmed | |
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Seminar on GIPS- August 31, 2009
CFAAP arranged a seminar on GIPS on 31st August, 2009 at Marriot hotel in Pakistan. Aim of the seminar on GIPS was to increase the awareness of standard performance measures, which are lacking in our capital markets. Mr. Louis Boulanger, CFA, member of GIPS Executive Committee explained GIPS and its applicability requirement in detail. He highlighted the benefits of GIPS for the investment community and progress GIPS has made in term of number of countries who have already adopted GIPS.
Mr. Louis talked about various questionable practices of performance and how GIPS helps in overcoming these practices. Mr. Louis stated that main aim of GIPS is to increase the confidence of investment community in the integrity of performance presentation and data reflected in performance. He also said that applicability of GIPS in any market will foster the transparency and ethical standards. He stated that CFA Institute is striving to take the application of GIPS on the global level.
Chair for the Pakistan GIPS committee Mr. Mir Muhammad Ali, CFA who is also the Chief Executive Officer of UBL Funds was
present on the occasion. He highlighted the progress made on GIPS standard in Pakistan |
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Excellence Award Ceremony- June 25, 2010
CFA Pakistan organized its 7th Annual Award Ceremony in Karachi Marriott Hotel on June 25th 2010. Mr. Hussain Dawood, Chairman, Dawood Group was Chief Guest for the occassion.
Award Winners:
Corporate Finance - Debt House of the Year 2009 - Habib Bank Limited
Corporate Finance - Debt House of the Year 2009 (Runner Up)- National Bank Limited
Corporate Finance - Equity/Advisory House of the Year 2009- Allied Bank Limited
Corporate Finance - Equity/Advisory House of the Year 2009 (Runner Up) - KASB Bank Limited
Transaction of the year 2009- Pakistan Mobile Communication Limited Euro-bond BuyBack
-Standard Chartered bank Pakistan Limited
-Deutsche Bank Pakistan
-Citibank Pakistan
Investor relations Award 2009 – Engro Corporation Limited
Best Research Analyst of the year 2009 – Hamza Marath
Best Research Analyst of the year 2009(Runner Up) - Fawad Khan
Best Trader of the year 2009 – Mustafa Iqbal
Best Trader of the year 2009 (Runner Up) – Qasim Lakhani, CFA
Best Brokerage House of the Year – KASB Securities
Best Brokerage House of the Year (Runner Up) - Foundation Securities
Bank of the Year – 2009 (Large Banks) – Allied Bank Limited
Bank of the Year – 2009 (Mid Size Banks) - Bank Al-Habib Limited
Bank of the Year – 2009 (Small Banks) – Deutsche Bank
Islamic Bank of the Year – 2009 – Meezan Bank Limited
Most Stable Bank of the Year – 2009- MCB Bank Limited
DAWN Education Expo- February 2010
CFA Pakistan participated for the first time in DAWN Education Expo during February and March 2010. DAWN Education Expo is a unique higher education platform, specially conceived to facilitate the enrolment of Pakistani students in universities and institutes of higher learning. It was held in three major cities of Pakistan namely Karachi, Lahore & Islamabad.
A large number of post graduate, undergraduate and college students attended this exhibition. Our goal was to inform people about the CFA program and to recommend it to those who in our judgment had the time, ability and financial resources to successfully complete the program. We were able to pull up around fifty volunteers from all three cities (CFA Charterholders, Level II & III Candidates) to manage this event, which was received well by the visiting students.
Networking Event February 01, 2010
On February 01, 2010 CFA Pakistan organized a social dinner to facilitate professional networking amongst society members. The event was held on the lawns of the Boat Club, Karachi. The gathering was well attended as many members took time out from their busy work schedules to socialize with professional colleagues
Career Day January 23, 2010
CFA Pakistan organized its 2nd Annual Career Day on January 23rd, 2010. Career Day is becoming an increasingly important annual event for CFA societies worldwide. The main purpose of the Career Day is to spread awareness of the CFA Program and its benefits on career development. This time around we had a full day open-house, which was offered to all university students through invitations to the relevant faculty advisors.
Global Investment Research Challenge January 22, 2010
CFA Pakistan held its 2nd Annual Investment Research Challenge (IRC) on January 22nd, 2010. Investment Research Challenge (IRC) organized by CFA Pakistan gives students from the Pakistan’s top business schools the opportunity to learn from industry experts and compete with their peers. The challenge teaches participants best practices in equity research through hands-on mentoring and intensive training in company analysis and presentation skills. This time six teams comprising of four to five students selected from LUMS, IBA, SZABIST, CBM, Bahria, and NUST participated in this event. Institute of Business Administration (IBA) once again won the challenge making it two consecutive victories for the business school at IRC. The finalists then represented the country at Regional level in Manila.
Volunteering to participate in the Global Investment Reearch Challenge is an excellent opportunity for Members to become actively involved in CFAAP activities and give back to their profession and country and CFA Pakistan would like to thank all the industry experts who took time out of their busy schedules to make IRC a success once again. We are also grateful to Mr. Shahzad Dada, a renowned banker, to grace the event with his presence as Chief Guest. |
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CFA Pakistan is proud to announce its partnership arrangement with Élan Guides LLC.
Élan Guides is a U.S based company that prepares study materials for the CFA Program.
They offer special discounted prices to CFA Level I candidates in Pakistan
Ultimate Prep Package Rs. 20,000
(Includes 5 Study Guides, Lecture videos, Review Book and Mock Exams
and 2000 practice questions)
Essential Prep Package Rs. 12,000
(Includes 5 Study Guides, Review Book and Mock Exams
and 2000 practice questions)
Élan Study Notes Rs. 3,000
Eleventh Hour Review Book. Rs. 800
40% additional discounts on packages for candidates retaking the Level I exam,
CFA Pakistan scholarship recipients and college/university students
For samples visit www.elanguides.com/samples.php
For more information email info@elanguides.com
Élan Guides is a member of the CFAI Prep Provider Guidelines Program (https://www.cfainstitute.org/partners/examprep/Pages/cfa_prep_provider_
prog_participants.aspx)
Special Promotion: Simply register on www.elanguides.com and activate
your account to receive Volume 2 of Elan Study Notes (Economics) for FREE!!! |
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CFA Pakistan Members are conducting CFA Exam preparatory classes for Candidates. For further information you may contact Uroosa Girami at info@pakistan.cfasociety.org |
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CFA Institute is a global, nonprofit member organization of financial analysts, portfolio managers, and other investment professionals.
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CFA Association of Pakistan
c/o Corporate & Investment Banking Group
Allied Bank Limited
2nd Floor, Khayaban-e-Iqbal, Main Clifton Road
Bath Island, Karachi
Ph: 021- 5868498
Email: info@pakistan.cfasociety.org
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