Page 4 - The Pakistan Accountant January-March 2018_Neat

contents Signature Qualification CA that Empowers to Lead PAKISTAN The Council 4 Editor’s Letter Jan - Mar 2018 President Riaz A. Rehman Chamdia, FCA Muhammad Awais, FCA B lockchain Vice Presidents Farrukh Rehman, FCA 5 President’s Page Technology – Jafar Husain, FCA Riaz A. Rehman Chamdia, FCA A Game Changer in Accounting Members Cover Story Taxation in Gilgit Baltistan Ashfaq Yousuf Tola, FCA M. Sharif Tabani, FCA Hina Usmani, FCA Muhammad Ali Latif, FCA Iftikhar Taj, FCA Muhammad Awais, FCA 6 Blockchain Khalid Rahman, FCA Rana Muhammad Usman Khan, FCA Khalilullah Shaikh, FCA Saifullah, FCA 13 Blockchain: A Holistic View Syed Najmul Hussain, FCA by Sohail Saleem Government Nominees Dr. Waqar Masood Khan 16 Blockchain Technology – Mohammad Abdullah Yusuf, FCA A Game Changer in Accounting Tariq Mahmood Pasha by Moneeza Usman Butt Zafar Abdullah Publication Committee 18 Blockchain and its Potential Uses in Pakistan Chairman Muhammad Awais, FCA by Faisal Shuja Khan Members Aneel Peter, ACA Omair Haroon, FCA 22 Blockchain in Travel Industry – Haris Bin Mohsin, ACA Sadia Shakoor, ACA Accountants’ Nightmare Hina Kazi, FCA Shahid Jamal Kazi, FCA by Abdul Aziz Lang Iftikhar Taj, FCA Syed Athar Hussain Zaidi, FCA Jafar Husain, FCA Syed Jawwad Ul Haq Haqqi, ACA Business Mian Bilal Zia, ACA Syed Muhammad Hassan Ali, ACA Nadeem Butt, FCA Tariq Feroz Khan, FCA 24 Business Partners vs. Naseer Ahmed, ACA Usman Zafar, ACA Nouman Razaq Khan, FCA Waqas Latif, ACA Business Controllers by Muhammad Muneer Tariq Chief Operating Officer Abdul Malik, FCA Islamic Economics & Secretary Executive Directors Farzana Munaf, FCA Masood Akhtar, FCA 27 Life Assurance or Takaful Mohammad Razi Khan, FCA is a Necessity for Every Tariq Kaleem Pakistani Family Editorial Team by Syed Imtiaz Abbas Hussain Executive Editor Samina Iqbal Risk Management [email protected] 29 A New Era in Risk Management Publication Asad Shahzad Co-Ordinators [email protected] by Javed Akbar Afshan Aleem Accounting [email protected] 33 IAS 16 – Accounting of Malik M. Shoaib Arif [email protected] Spare Parts, Stand-By Equipment & Servicing Editorial Office: Chartered Accountants Avenue Equipment Clifton, Karachi-75600 (Pakistan). Ph: 99251648, 99251636-39 by Aamer Abdul Razzak Email: [email protected] Website: www.icap.org.pk 34 Shared Services – The views expressed are those of the writers and do not reflect A Comprehensive Glimpse The Institute of Chartered Accountants of Pakistan. All submissions received will be edited for clarity and space. by Danish Akbar 2 The Pakistan Accountant January - March 2018