Page 4 - CMA Journal (Sep-Oct 2025)

President's

Message

My dear Members and Readers,
President's
Message
I am delighted to share my thoughts on a matter of vital importance which is
‘reviving Pakistan’s industrial sector’ – the theme of the current issue of CMA Journal.
The recently proposed National Tariff Policy 2025-30 offers a timely opportunity to
strengthen our industries. By simplifying duty structures, phasing out additional and
regulatory duties, and improving access to raw materials, the policy aims to boost
competitiveness and encourage value-added production.
However, our industries, face serious challenges. Rising input costs, outdated
technology, and competition from imports are putting pressure on key sectors such
as steel, textiles, auto parts, and ceramics. Several multinational companies have
recently scaled back operations or exited Pakistan, underscoring the urgent need for
a stable and investor-friendly industrial environment.
It is also a fact that Pakistan’s exports have not grown significantly, while imports
continue to rise, widening the trade deficit. Lower export levels reduce industrial
production, leading to job losses and slowing overall economic growth. Reviving
industry is therefore not only about growth; it is about securing jobs, boosting
competitiveness, and building a resilient economy.
Industrialization must be pursued in a sustainable and globally competitive way.
Pakistan should adopt climate-friendly policies, invest in renewable energy, enforce
strong environmental regulations, and integrate low-carbon technologies and waste
reduction practices into industrial development. At the same time, it is important to
support export-oriented industries and provide small and medium enterprises
(SMEs) with access to modern technology, financing, and markets. This approach will
create jobs, drive innovation, strengthen competitiveness, and ensure that growth
remains environmentally responsible.
As cost and management professionals, we at ICMA have a vital role to play. Through
effective cost management, financial oversight, and strategic guidance, we can help
businesses navigate reforms, improve efficiency, and maximize the impact of policy
measures. Together, we can build a stronger, competitive, and sustainable industrial
future for Pakistan.

Warm regards,
Ghulam Mustafa Qazi, FCMA
President ICMA

2 ICMA’s Chartered Management Accountant, Sep-Oct 2025