ICMA Pakistan and Shaheen Insurance Company Limited have signed a memorandum of understanding (MoU) to strengthen professional collaboration and create more employment and career development opportunities for ICMA students and members. The agreement was signed on October 13, 2026, in Karachi, establishing a framework for cooperation between the professional accountancy body and the insurance company. The partnership focuses on improving connections between professional education and industry requirements, with an emphasis on helping students and members pursue career opportunities and develop their professional capabilities.
The MoU was signed by Aamir Ijaz Khan, FCMA, Executive Director of ICMA Pakistan, and Syed Rizwan Akhtar, Chief Executive Officer of Shaheen Insurance Company Limited. The signing ceremony was witnessed by Syed Kamran Ali, FCMA, Chief Financial Officer of Shaheen Insurance Company Limited, and Shams Bhimani, Head of the Job Placements and Industrial Linkages Department at ICMA Pakistan. The participation of senior representatives from both organisations reflected their involvement in establishing a formal relationship focused on professional development and closer engagement between the accountancy profession and the insurance industry.
Under the collaboration, the two organisations aim to promote employment opportunities and support career growth for ICMA students and members. Partnerships between professional institutes and employers can help connect qualified candidates with industry requirements while giving organisations access to individuals with relevant accounting, finance and management knowledge. The agreement is intended to strengthen these connections and provide a basis for further cooperation on career-related initiatives. However, the announcement did not specify a number of jobs, recruitment targets or a detailed implementation schedule.
For ICMA Pakistan, the partnership supports its efforts to build stronger relationships with businesses and create practical pathways for students and members entering or progressing within the professional workforce. Industry linkages can help aspiring professionals understand employer expectations and identify opportunities to apply their qualifications in real business settings. Cooperation with organisations in sectors such as insurance can also broaden exposure to financial management, reporting, risk-related functions and other areas relevant to accountancy and business professionals.
Shaheen Insurance Company Limited’s participation creates an opportunity for closer engagement with ICMA Pakistan’s professional community. Insurance companies rely on financial expertise for activities involving accounting, financial reporting, budgeting, compliance and business planning. Strengthening connections with a professional accountancy institute may help facilitate engagement with individuals seeking careers in these areas. The precise activities that will follow the MoU, including any placements, internships or specialised development programmes, were not detailed in the announcement.
The agreement marks another step in ICMA Pakistan’s efforts to strengthen industry relationships and support professional advancement for its students and members. By formalising cooperation with Shaheen Insurance Company Limited, both organisations have established a basis for pursuing shared objectives related to employment, skills development and career growth. The effectiveness of the partnership will depend on the initiatives developed under the agreement and the opportunities made available to eligible candidates.
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