The Institute of Chartered Accountants of Pakistan (ICAP) and Institute of Business Administration (IBA), under their mutual initiative, signed research grant agreements with three universities as part of their first cycle of Research Grant Award.
ICAP and IBA have joined hands together and formed ICAP-IBA Research Unit (IIRU) with the aim to promote research and development in Pakistan. A call for Research Proposals was invited in November 2020 against which a number of proposals were received across Pakistan.
After thorough review by Research Oversight Committee, three proposals were shortlisted for the First Cycle of Grants. The proposals selected for award include Role of Middle men in Agriculture and its impact on consumer price by Dr. Khalid Mushtaq from University of Agriculture (Faisalabad), Financial Inclusion and the Role of Fintech by Dr. Abdur Rehman Aleemi from Institute of Business Management, Karachi and Technological Innovations and Auditing Practice in Pakistan by Dr. Omair Haroon from Lahore University of Management Sciences (Lahore).
Mr. Khalilullah Shaikh, Chairman Research Oversight Committee and Council Member ICAP, in a signing ceremony held in Karachi and Faisalabad congratulated all recipient Principal Investigators and Universities and said that this is the first ever milestone achieved by ICAP through its IIRU initiative that aimed to foster research culture and bring together industry and academia.
Mr. M Muhammad Suleman Zahid, FCA guest of honor in Faisalabad, Dr. Samra Javed, Head of EMEC, Director ORIC & Advisor to office of the President, IoBM; Dr. Zahir Ahmed Zahir, Director ORIC, University of Agriculture, Faisalabad and Mr. Zunair Zafar CFO Lums were also present.
Rana M. Usman Khan, Council member ICAP, expressed his appreciation for this initiative during ceremony.
He stated that these grants will aid in the conduct of critical research, thereby facilitating the nation’s future economic growth and prosperity.
In promoting the research culture amongst its members, key element of the research grants was to ensure participation of ICAP members as research associates.
IIRU will continue to promote and encourage quality researches through future grant cycles that will create value for relevant stakeholders, as well as enhance the capacity of its members in the field of research.