Mr. ASHFAQ YOUSUF TOLA
Vice-President, SAFA

Mr. Ashfaq Yousuf Tola is a Fellow member of the Institute of Chartered Accountants of Pakistan (ICAP) and the Institute of Cost and Management Accountants of Pakistan (ICMAP). He is the former Minister of State of the Islamic Republic of Pakistan and Chairman of the Reforms and Resource Mobilization Commission of Pakistan, besides Former President ICAP for the term 2022-2023. He has been a member of the ICAP’s Council since 2017. He has also served as the Vice President for the term 2020-22 and headed various committees of the Institute, including the Fiscal Laws, Economic Advisory and Government Relationship, Overseas Coordination, and Examination Committees. He is an accomplished professional who has an experience of over 30 years in diversified areas, including Tax Planning and Advisory, Assurance and Business Advisory Services, International Mergers and Acquisitions, Corporate Finance and Investment Banking, Financial Product design and launching, and Corporate Affairs.

He is also a life member of the SAARC Chamber of Commerce and Industry; he has also served as a technical advisor to a member of the International Federation of Accountants (IFAC) Board, a Member of the Board of Directors CA Worldwide, a Member of the Board of the South Asian Federation of Accountants (SAFA), Member of the Board of Confederation of Asian and Pacific Accountants (CAPA), Member of Tax Reforms Commission 2014, Member Tax Reforms Implementation Committee of FBR, Member Board – Privatization Commission, Government of Pakistan, President of Karachi Club for four years, Advisor of the Institute of Policy Reforms and Honorary Life Member of Karachi Press Club.

Mr. Tola is keenly interested in matters about the Economy of Pakistan and knows more than 40 tax
Jurisdictions around the Globe.