A Legend – Ishfaq Ahmed Biography

Ishfaq Ahmed (the founder of PAC) was born in 1954. He qualified as a Chartered Accountant in 1983 and was admitted as Fellow of ICAP in 1993. He did his B.Com from Hailey College of Commerce and joined A.F. Fergusons & Co. Chartered Accountants, Lahore as an Audit Clerk and completed four years of training from the same firm. As a qualified Chartered Accountant he worked as Audit Manager with Zahid Amin Waqar, Chartered Accountants, as Manager Finance with Pak Live Stock & Dairy Farm Limited and as an Incharge of Studies, ICAP, for northern region. He had been involved in education since 1983, and established his own Academy of Professional Accountants (APA) in 1987. Two years later, he began teaching on full time basis, thus becoming the premier Chartered Accountant initiating the private education of Chartered Accountancy in Pakistan. Late Ishfaq Ahmed’s start in the field of education was although humble but was on very sole footings of true professionalism and service orientation. He later on founded PAC, CIMS and TPC with his other colleagues. Mr. Ishfaq Ahmed (late) FCA was a thorough Muslim who followed the tenants of Islam in his daily life in their letter and spirit. He always believed in building qualified accountants and as a Principal, he always strived to fulfill this objective. It is mainly due to his untiring efforts that professional accountants are now adopting education as a career. He had great love and affection for his students and vice versa. He always thought about them and worked for their betterment, in their greater interest. He made history by filing a writ petition in the Lahore High Court against the compulsory buying of study packs, which ultimately resulted in the withdrawal of that condition by ICAP. He always made representations to the ICAP on matters adversely affecting the profession and its students. He was also instrumental in filing of writ petition against the limitation of number of attempts. Mr. Ishfaq Ahmed was also the author of many books covering a wide range of professional subjects in accountancy.