07-16-2010, 08:40 PM
ICAP was established in 1961 and some other localized institutes were also brought into existence in similar times. Todate after around Half a Century have gone, the other institutes have not reached a point where they can compete ICAP and its professionals; not even 10% of the market share when quality and senior positions in industry come into question. This is not to disgrace any one; but a fact on ground.
ACCA has been introduced in early 90s perhaps in Pakistan, and I don't see them changing the situation a bit in at least in next one century in Pakistan unless they take the shortcut and do CA from Pakistan. If they do, they will no more be privileged for being ACCA. Beyond a century in future there is no need to discuss anything presently.
I wonder if you have ever seen a topic on this forum where some CA might have said that "ICAP to be Ousted from pakistan in 2 years", so the public opinion is evidencing what is in a threat although I feel this is not a matter of threat for ACCA, rather I have an outright question on the valid existence of the discussed body in professional meanings.
If somebody has to opine against the privileges CAs are enjoying due to legal framework or whatever, it will make no difference. Every country has fullest right to frame its policies to provide its local market due privilege or protection wherever required. The Anti-Dumping Duty and Tariff Protection sort of things invented by the WEST have been invented for same purposes and for similar reasons to regulate the "situation".
The "situation" that doe snot have to change. Mind it, this situation has the age roughly equal to the age of Pakistan and this situation will be there for ever.
Regards,