CFA Society Pakistan

A Member of the CFA Institute Global Network of Societies

 CFA Society Pakistan

CFA Society Pakistan promotes ethical and professional standards within the investment industry, encourages professional development through the CFA Program, and facilitates the open exchange of information and opinions.

CFA Society Pakistan currently has 202 members out of which 95% are CFA Charterholders and 5% are non-charter holders. While in-house financial analysts/portfolio managers constitute a 36% majority of the society, commercial bankers at 30% have also taken a keen interest in pursuing the CFA Program.

 CFA Society Pakistan Mission & Vision

Mission Statement

To positively influence market integrity, ethical standards, and professional excellence within the local financial community by serving members, assisting candidates, creating awareness of the CFA Program, and conducting outreach activities to universities, employers, and regulators.

Vision Statement

We envision a CFA Society Pakistan that is instrumental in strengthening the integrity, reputation, and advancement of professionalism within the local financial community.

 CFA Society Pakistan Honors

Innovation Award for CFA Society Pakistan

From amongst 136 competing societies, CFA Society Pakistan was the winner of the CFA Institute Innovation Award in 2009. The award was conferred on account of CFA Society Pakistan’s initative of using CNBC Channel to promote CFA Program by inviting successful charterholder to CNBC Power Lunch program.


Planning Award for CFA Society Pakistan

From amongst 132 competing societies, CFA Society Pakistan was the winner of the CFA Institute Planning Award in 2008; the only non-North American society to have won an award amongst the four categories of Planning, Collaboration, Innovation, and Rehabilitation. The award was conferred on account of CFA Society Pakistan’s Strategic Planning. The Judges appreciated how Pakistan Society's business plan helped forced a change in the way society had previously been operating.

"The results are truly visible, as identifying issues within a society and findng proactive solutions is not small feat. Pakistan Society's award winning efforts are shining example of leadership, where thier work help lead the invesment profession globlally by setting highest standards of education, integrety, and professioal excellence. "


Mohammad Shoaib, CFA as President's Council Representative

CFA Society Pakistan takes great pride in announcing that its founding President of the society, Mohammad Shoaib, CFA has been elected as CFA Institute Presidents’ Council Representative (PCR) for the Asia Pacific region for the term 2008-2010. The Asia Pacific PCR will respresent 15 CFA societies across 14 countries in the Asian and Australian continents: Australia, New Zealand, Japan, Singapore, Hong Kong, Taiwan, Malaysia, Indonesia, India, Sri Lanka, Korea, Pakistan, Philippines and Thailand. It is indeed a great honour for CFA Society Pakistan. Amongst other, PCR will serve the interests of Member Societies and their members, and may include improvements in programming, membership, outreach, communication, and other opportunities for enhanced society and member services.


CFA Society Pakistan as GIPS Country Sponsor

In its recent meeting in Hong Kong, the Global Investment Performance Standards (GIPS) Executive Committee voted to acknowledge CFA Society Pakistan as an official sponsor of the Global Investment Performance Standards, or GIPS® standards, for the Pakistan market. The GIPS standards are well-recognized with high compliance levels amongst key financial centers in the United States, Canada, Europe, Africa and Asia Pacific. Global standardization of investment performance reporting gives investors around the world the additional transparency they need to compare investment managers and allows managers to compete for new business in foreign markets


Innovation Award for CFA Society Pakistan

From amongst 132 competing societies, CFA Society Pakistan was the winner of the CFA Institute Innovation Award in 2006; the only non-North American society to have won an award amongst the four categories of Planning, Collaboration, Innovation, and Rehabilitation. The award was conferred on account of CFAAP’s Annual Excellence Awards program, aimed at promoting global best practices amongst investment practitioners. The Annual Excellence Awards are the first of its kind initiative taken by any society of CFA Institute. 


"Most Influential" Award for CFA Society Pakistan President

CFA Society Pakistan also had the honor of being the only non-North American society whose President, Mohammad Shoaib, has been recognized as “Most Influential” member by CFA Institute Magazine in 2006. CFA Society Pakistan was also widely applauded by CFA Centre for Financial Market Integrity for the initiatives taken by the society leadership in the area of advocacy.


Webcast & Career Counseling Session

To leverage the 66th CFA Institute Annual Conference held for the first time in the Asia Pacific region. CFA Society Pakistan took the opportunity to conduct several webcast sessions for its members. The event was conducted in collaboration with The Karachi Stock Exchange (KSE)Institute of Business Administration (IBA), Mutual Funds Association of Pakistan (MUFAP) and Institute of Business Management (IoBM) and the sessions were open to members/students and employees as well.

The webcast session at IBA and IoBM were followed by a Career Counseling Session for the students.





 CFA Mock Exam- May 2013

Mock exam was held on May 18th 2013 in Karachi and Lahore. More than 200 students appeared for all the 3 levels combined. 


Networking Dinner

A networking dinner was organized by CFA Society Pakistan on March 25th, 2013 for its members simoultaneously in Karachi, Lahore and Islamabad.


CFA Research Challenge- 2012

CFA Society Pakistan held its 6th CFA Institute Research Challenge on January 30th, 2013. Students from 11 leading business schools participated in the competition. Institute of Business Administration. Students of Institute of Business Administration (IBA) emerged as winners to represent Pakistan at the Asia Pacific Regional Final of the competition which was held in Kuala Lumpur, Malaysia. 

This year’s panel of judges for the Pakistan Final comprised Mr. Farid Khan, CFA, Mr. Nadeem Naqvi, Mr. Muhammad Sohail and Dr. Amjad Waheed, CFA and Mr. Arif Habib, Chairman, Fatima Fertilizer Limited graced the occasion as the chief guest.



CFA Charter Award Ceremony 2012 and Career Counseling Session - January 2013


CFA Society Pakistan held its Annual CFA Charter Award Ceremony 2012 in a local hotel in Karachi on January 16th, 2013. Mr. Muhammad Ali, Chairman SECP graced the occasion as the Chief Guest. Speaking at the Ceremony Mr Ali congratulated the new CFA Charterholders on earning the prestigious Chartered Financial Analyst® (CFA®) designation.


MOU Signing Ceremony -  CFA Institute, CFA Society Pakistan and Institute of Capital Markets

The Institute of Capital Markets (ICM), which provides Pakistan’s financial institutions with licensing certification, a memorandum of understanding (MoU) was signed with the CFA Institute and CFA Society Pakistan (CFASP), to organize globally-relevant professional education and training programmes that can promote ethical practice in finance. The ceremony was held on January 01st, 2013. 

The MoU was signed by Mr. Muhammad Jawaid Iqbal, CFA – President CFA Society Pakistan, Mr. Muhammad Shoaib, CFA- Representative CFA Institute & Syed Javed Hassan, CEO Institute of Pakistan Markets.


Mock Examiations - December 2012

CFA Society Pakistan conducted Mock Examinations for Level I candidates in December 2012, both in Karachi and Lahore. A total of 129 students appeared for the examinations and had a positive feedback about it.




Required Disclaimer: CFA Society Pakistan does not endorse, promote, or warrant the accuracy or quality of the products or services offered by Eton Financial.  CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.


Best Bank of the year 2011 -
MCB Bank                                  Winner
Habib Bank                                 Runner up


Best Bank of the year 2011 - Medium
Bank Al Habib                             Winner
Soneri Bank                                Runner up


Best Bank of the year 2011 -Small
Deutsche Bank                           Winner


Most Stabe Bank of Year 2011
MCB Bank

Best Islamic Bank of Year 2011
Meezan Bank Limited


Corporate Finance House of the year 2011 - Fixed Income
National Bank of Pakistan             Winner
United Bank Limited                     Runner up


Corporate Finance House of the year 2011 - Equity & Advisory (Banks)
KASB Bank                                 Winner
Allied Bank Limited                       Runner up


Corporate Finance House of the year 2011 - Equity & Advisory (Security Firms)
AKD Securities                             Winner
Arif Habib Limited                         Runner up


Transaction of the Year 2011
Allied Bank Limited                       Kohinoor Interloop Debt Swap

National Bank Pakistan                 Offer of Sale Engro Foods
United Bank Limited                     Offer of Sale Engro Foods


Investor Relation Award of the Year 2011
Engro Corporation                        Winner
MCB Bank                                   Runner up


Best Brokerage House of the Year 2011
KASB Securities                          Winner
AKD Securities                            Runner up


Best Analyst of the Year 2011
Muhammad Fawad Khan               Winner
Ayub Ansari                               Runner up

Best Trader of the Year 2011
Sheikh-Zia-ur-Rehman                 Winner
Mohammad Imran                        Runner up

CFA Society Pakistan on Social Network

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 Recent Events

CFA Institute Research Challenge hosted by CFA Society Pakistan: January 2, 2012

CFA Society Pakistan held its 4th CFA Institute Research Challenge on January 2, 2012. CFA Institute Research Challenge is hosted by CFA Society Pakistan gives students from the Pakistan’s top business schools the opportunity to learn from industry experts and compete with their peers. The challenge teaches participants best practices in equity research through hands-on mentoring and intensive training in company analysis and presentation skills. This time seven teams comprising of four to five students selected from IBA, SZABIST, NUST, IoBM, Greenwich, PAF-KIET, LSE & FAST -NU participated in this event. The subject company for research this year was Engro Foods.

Institute of Business Managment (IoBM) won the challenge. The finalists will now represent the country at Regional level in Hong Kong in March 2012.


Volunteering to participate in the CFA Institute Research Challenge is an excellent opportunity for Members to become actively involved in CFA Society Pakistan activities and give back to their profession and country and CFA Society Pakistan would like to thank all the industry experts who took time out of their busy schedules to make CFA Institute Research Challenge success once again. We are also grateful to Mr. Afnan Ahsan, CEO, Engro Foods, to grace the event with his presence as Chief Guest.

Networking Event with Dr. Ashvin Vibhaker, CFA – January 19, 2011

On January 19th 2011, CFA Society Pakistan organized a social dinner event at Karachi Boat Club. Members got the opportunity to meet Dr. Ashvin P. Vibhakar, CFA, Managing Director, Asia-Pacific Operations. Dr. Vibhakar, who is based in Hong Kong, is responsible for development and implementation of various operating strategies in the Asia Pacific region, including society relations, employer and university outreach, candidate recruitment and support, and member services. The gathering was well attended and turned out to be a good networking opportunity for both members and other professionals alike.

Dawn Education Expo – February 2011

CFA Society Pakistan participated for the second time in DAWN Educational Expo during February 2011. DAWN Education Expo is a unique higher education platform, specially conceived to facilitate the enrolment of Pakistani students in universities and institutes of higher learning. It was held in three major cities of Pakistan namely Karachi, Lahore & Islamabad.

A large number of post graduate, undergraduate and college students attended this exhibition. Our goal was to inform people about the CFA program and to recommend it to those, who in our judgment had the time, ability and financial resources to successfully complete the program.

This initiative provided a good platform for new Charterholders and Charter pending candidates to interact with Board Members and senior Charterholders. We were able to pull up around fifty volunteers from all three major cities (CFA Charterholders, Level II & III Candidates) to manage this event, which was received well by the visiting students.

Networking Event Islamabad – March 10, 2011

On March 10, 2011 CFA Society Pakistan organized a social dinner in Islamabad to facilitate professional networking amongst society members. The event was held at Serena Hotel, Islamabad and was attended by around 15 members from the capital city.

Networking Event Lahore – May 2, 2011

On 2nd May 2011 CFA Society Pakistan organized a social dinner in Lahore to facilitate professional networking amongst society members. The event was held at PC, Lahore and was attended by around 20 members from the capital city. 


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 Contact Us

CFA Society Pakistan

C/o Nael Capital (Pvt) Limited, 
601, Business & Finance Center,
I.I Chundrigar Road, Karachi, Pakistan 

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