Minimum stipend in Pakistan-must see!!

i don't think they are gonna to take any serious action regarding increment of stipent.......

the only thing they do  very honestly thay regular increment in the registeration fee...

they should learn something from pakistan ca institute..

Just for your kind information one of my friends told me that in Pakistan prices are more than India in every aspect.

e.g if you want to purchaase a second hand bike you have to spend Rs.70000 to Rs.80000.

but in india you can purchase even a second hand car with this much amount.

So dont blame ICAI  as CA institute is CA institute whether in India or inPakistan or anywhere in the world.

Originally posted by : Kalpesh Chauhan
	Just for your kind information one of my friends told me that in Pakistan prices are more than India in every aspect. e.g if you want to purchaase a second hand bike you have to spend Rs.70000 to Rs.80000. but in india you can purchase even a second hand car with this much amount. So dont blame ICAI  as CA institute is CA institute whether in India or inPakistan or anywhere in the world.

Hi Sorry to correct you Mr. Kalpesh Chauhan but you have totally wrong information about prices in Pakistan. Price of a second hand bike you quoted here is really funny. My dear brand new motor bike in Pakistan is available in the range of 35,000 to 45,000 (70cc). But if you even then wish to have second hand bike then be happy as you can have that only in 20,000. All the best!

motorbike with 70 cc.. Lolzzz...

There is a Talk going on now as to increase the stipends rates from the coming year... lets hope so tht this will be for real.....

dear dhiraj brother one of the member of the institute said to my friend that our institute provides padhe likhe naukar in just rs.1000. what will u say now whether it is because of such low stipend or by some any other reason. i agree with u we should not compare our institute with icap and i also feel very bad for this.but i have some other issues.

in some firms ca gives work to their permanent staff not to articles.articles are provided  with very basic work like entry feeding,formating or drafting or some unusefull audits.now give me answer what to do with these type of firms.

regards

tarun rustagi

 

Originally posted by : tarun rustagi
	dear dhiraj brother one of the member of the institute said to my friend that our institute provides padhe likhe naukar in just rs.1000. what will u say now whether it is because of such low stipend or by some any other reason. i agree with u we should not compare our institute with icap and i also feel very bad for this.but i have some other issues. in some firms ca gives work to their permanent staff not to articles.articles are provided  with very basic work like entry feeding,formating or drafting or some unusefull audits.now give me answer what to do with these type of firms. regards tarun rustagi

HI

Dear Tarun Rustagi!

 

I agree with you people that comparison should not be made between ICAP and ICAI as both of these institutes have their own objectives and target markets. As far as stipend in India is concerned then it is to be admited that its totaly unfair. But here i will point out some of the facts which may be harmful to the repute of ACA ICAI in the future,

1- ICAI is allowing every one to enter this profession, they must restrict the number of students to a particular limit.

2- They should pass the students keeping in view the market absorption and available article placements.

3- They should establish a standard below which no CA firm should be allowed to train students. e.g minimum number of limited companies, listed companies and other clients etc.

4- Further they must raise the bar from CAs to keep atleast ten articles, as this just waste the time of students instead of training them as not all CAs have enough work to assigne to articles.

5- ICAI must monitor the weekly, monthly and semi annualy time sheets of the students maintained on day to day basise and showing in detail what the student has done on each particular day.

 

If today ICAP is known for the quality of her CAs then its just because it strictly practise all I mentioned above. Further ICAP always pass lesser number of students than required by CA firms that's why its not very tough to find a frim for CA-inter. Further not all the firms are allowed to train the students. Each firm has to meet a certein criteria and nature and number of clients to be eligible to train the students. This is why ICAP students are paid comparitively higher stipends and salaries after they go for job.

Good Luck!

Our President should learn something from this.

Dear Mr. Aldrine

 

First thing I clear that is I am not here to defend stipend in Pakistan. But if you have raised this question then caculate ICAP stipend in Indian rupees. It becomes

3,470 for CA-inters

5,340  for module E

13,340 for module F

even then many times more than that of in India. Further these rates are of two years back which are going to revise this year again.

Further dear, we have smaller economy as compared to India but look at the population too. Our government may not be much financial stronger as that of Indian but our people are prosperous as compared to that of Indians. Excluding past two years during which Pakistani economy has suffered a lot due to war against terrorism, we never had too serious povery threats, nor unemployment issues. I hope Inshallah we will soon be back on track after this war is over.

Regards,

Mudassar

 

Originally posted by : Aldrine
	For the students we have monopoly rules. They r considered as bonded labours for CAs. So they are taking more inputs as articles and producing lesser.So if one pass CA, then he can get the opportunity of using this students as cheap labour.But this is a cyle!!!!!!!!!!!!!! Now we have an exam like entrance. What is the creteria for comparison of prosperity?

 

I do not claim prosperity of people of Pakistan at present when we are realy having problems of unemployment, poverty and industrial growth. But this is in short term, Inshallah after the war our government will be free to probe in such matters.

I agree with you to some extent that principals of CA firms try to exploite the students but ICAP has controlled this to an larger extent. Further in addition to the stipend firms in Pakistan also get the students TA/DAs and other allowances and facilities from the clients. Since very first day of my article I have always got 12,000+ per month. where our travelling and lunch is also the responsiblity of clients.

What is required is voice of students of ICAI. I am sure they will take steps towards improvement of student financial life. 

Pakistan itself has many CA firms other than big4s. There are about 100+ firms with status of TO (Taining organization)with thier offices spreading across the country. Pakistan also has specialized institue like Institute of cost and management accountants of Pakistan. Pakistan Institute of Public Finance Accountants Pakistan Institute of Certified Public Accountants Institute of Bankers of Pakistan Institute of corporate secretaries and managers of Pakistan Institute of Chartered secretaries of Pakistan There is a wide scope of practice as well as job for CAs in Pakistan too. Further ACA Pakistan is known for his well back ground of training with exposure to multi sector environment and high standards of monitoring of training by ICAP. In Pakistan not every firm can train the CA students.

In Pakistan too only ACA - Pak can sign audit report and have other allied previlages. All other institutes are specialized in their own areas. Further Pakistan Institute of Certified Public Accountants offer CPA - Pak programme but these CPAs can practise as consultants only and can not practise as an auditor in Pakistan. Secondly other issue you highlighted was earning of CAs. I do not think we should discuss this because both ICAI and ICAP have monoplies in their respective countries so they are the only earning machines in both countries.

O.K

 

Mr. Mudassar Please keep your focus on course as every body knows about high points of Pakistan it is irritating after a limit.

We do not know apart from low pass percentage and low strength of  practicing C.A other negative points of your ICAP, As every thing has two side and you have tried your best to show every thing good about ICAP. It is not a job interview. Be fair and honest.

Every body know low supply increase the price of commodity,  Is this reason of high stipend, Is their possibilty of some syndicate working in ICAP Who is keeping pass percentage so low to make entry of new entrant difficult in profession.

With respect of economy difference way we are growing with mammoth size and population We will soon going to smile on your justification. Direction is more important  than  current situation.

Please update us about land reforms, average land holding, freedom of religions, democracy,  Gender equality or Companies of level of infosys, Tata, ONGC, TCS that Pakistan have.

But be honest we will not get any thing by hiding from your own people, At last Pakistanis are  our half brother. Let us be fair , Honet.

regards

it is very shocking.......................................

mr. mudassar what do you want to prove.in reply to my post u said u agree with my post  means in relation to why are we doing comparison between icai and icap but now it's too much.in your every post u want to do comaprison and u said u agree with me. we all are very happy that u are earning rs.12000+ but keep it in ur pocket. i am raising question against  some practicing ca's in india because it depends on an individual and never try to raise question against our institute so u don't try to describe it.