Memorandum of Understanding signed between Institute of Chartered Accountants of Pakistan and Karachi Center for Dispute Resolution

Karachi, July 31, 2012 (PPI-OT): A Memorandum of Understanding was signed between the Karachi Center for Dispute Resolution (KCDR) and the Institute of Chartered Accountants of Pakistan (ICAP) recently. The MoU was signed by the President ICAP Rashid Rahman Mir and President KCDR, Justice (Rtd) Sadiuzzaman Siddiqui, Director KCDR Justice (Rtd) Dr. Zafar Ahmed Khan Sherwani., Khalid Rahman, Vice President South ICAP and Shoaib Ahmed, Secretary ICAP were also present on the occasion.

Through this MoU ICAP Members including practicing members will be able resolve their disputes though ADR and mediation and both ICAP and KCDR will cooperate with each other to actively promote and demonstrably improve dispute settlement process.

Earlier, the Council of the Institute constituted the task force in 2010 under the Chairmanship of Adnan Zaman with a mandate to introduce ADR framework. It was on the recommendation of the Task Force the Council decided to enter into an MOU with KCDR.

For more information, contact:
Muhammad Rafiq
Media Coordinator
Institute of Chartered Accountants of Pakistan (ICAP)
Chartered Accountants Avenue, Clifton
Karachi-75600, Pakistan
Phone: +9221 111-000-422
Fax: +9221 99251626
Cell: 0300 2128185