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ICAP elects office bearers for 2019-20


By Rafiq Vayani

SHARJAH:  The Council of the Institute of Chartered Accountants of Pakistan (ICAP) elected its new Office Bearers for the year 2019-20 in its 319th meeting held in Lahore on October 26, 2019.

The Council unanimously elected Mr. Khalilullah Shaikh as President and Ms. Hina Usmani and Mr. Rana Muhammad Usman Khan as Vice Presidents of the Institute.

Mr. Khalilullah Shaikh is a Fellow member of the Institute of Chartered Accountants of Pakistan (ICAP) and serving as elected Council member of ICAP since 2013. He is the youngest President in the history of ICAP. He has served as Vice President of the Institute and chaired various committees and task forces of ICAP, including Investigation Committee and Professional Accountants in Business Committee. Mr. Khalilullah Shaikh has also served as elected member of Southern Regional Committee of ICAP. He is also a member of PAIB Committee of International Federation of Accountants (IFAC) since 2016.

Mr. Khalilullah Shaikh has more than 15 years of work experience in senior management roles. He is currently working as Chief Financial Officer of Pakistan International Airlines. Prior to this, he was associated with K-Electric and served in various roles, as Head of Supply Chain, Director Finance and Chief Internal Auditor. Mr. Shaikh has also served as Head of Treasury at Pakistan Refinery Limited.

Mr. Khalilullah Shaikh has a passion for human development. He has been conducting weekend lectures for CA Final students and his student alumni include over 1,500 Chartered Accountants of Pakistan. On the academic front, he secured Five Gold Medals in CA Final examinations, which is a record in the history of ICAP.

Ms. Hina Usmani-FCA, FCIS possesses over 27 years of post- qualification experience. She is founder and Managing Partner of Usmani & Co. (UCO), an all-women led accounting practice in Pakistan. UCO is quality rated by ICAP and registered with the Audit Oversight Board.  She has introduced a unique working model and is giving opportunities to women professionals to work from home with flexible hours. UCO is included in the United Nation’s Global list of signatories of Women Empowerment Principles. Prior to her 15 years’ practice experience she served at senior management level positions in the leasing and banking sector. She has the honor to be elected as the first Woman Council Member and the first Woman Vice President of the Institute of Chartered Accountants of Pakistan. Currently she is chairperson CA Women Committee and serves at various executive and standing committees of the Institute of Chartered Accountants of Pakistan. She internationally represents ICAP at SAFA Women Leadership Committee. She is also an active member of Women Empowerment Committee of Karachi Chamber, member Karachi Tax Bar and collective GB member of Shirkatgah, NGO for women rights. She has the honor of being the first qualified chartered accountant of the Zuberi family. Her contribution for women in finance and gender diversity in Pakistan has been widely appreciated across the globe and included by the World Bank in their Report on Observance of Standards & Codes A&A 2017 for Pakistan as well as highlighted by local and international professional accountancy circles.

Mr. Rana Muhammad Usman Khan is a Fellow Member of the Institute of Chartered Accountants of Pakistan (ICAP) and is Partner and a board member of Deloitte Yousuf Adil, Chartered Accountants based in Lahore working with a variety of the firm’s largest clients. Prior to joining Deloitte, Rana Usman was heading Accounts Function of one of the largest listed companies in Pakistan in the Telecom Sector.

He has served over twenty years in profession with big four accountancy firms in Pakistan and has extensive experience of handling a diversified portfolio of clients both multinational and local organizations in public and private sector. He has diversified experience of leading assignments in the fields of audit, tax compliance and advisory services, due diligence, valuations, systems design and reviews, etc.

Mr. Rana has served for three consecutive terms (twelve years – 1997-2009) at Northern Regional Committee (NRC) where he has served as Chairman for four terms and is currently serving as Council Member of the Institute of Chartered Accountants of Pakistan for the term 2017-21. He has been part of ICAP Directors’ Training Program since its inception and has also served on organizing committees of ICAP, SAFA, IIA for various national/international conferences and has been involved in teaching of professional subjects such as auditing, accounting, corporate governance, taxation and risk management at professional levels. Mr. Rana is representing ICAP on the Asian-Oceanian Standard Setters Group (AOSSG), he has actively participated and contributed to the forum. Mr. Rana is a member of the Accounting Standards Board of Pakistan and is the Chairman of the Auditing & Ethics Standards Committee of the ICAP. He is also member of various other committees of ICAP such as Examination Committee, Education and Training Committee and Investigation Committee etc. where he is actively contributing to the cause of these committees.

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