Mr. Ashfaq Yousuf Tola

Mr. Ashfaq Yousuf Tola is a Fellow member of the Institute of Chartered Accountants of Pakistan and the Institute of Cost and Management Accountants of Pakistan (ICMAP). He served as the Vice President of the South Asian Federation of Accountants (SAFA) in the year 2024. He has been an active member in various Committees/Task Force of SAFA and has significantly contributed to the activities of SAFA. Mr. Tola was instrumental in formation of the Economic Advisory Committee of SAFA in the year 2024 and is the first Chairman of Committee tasked with providing insights on economic issues relevant to the region. He is a member of the Policy Board at the Ministry of Planning, Development, and Special Initiatives.

Mr. Tola was previously the Minister of State of the Islamic Republic of Pakistan and Chairman of Pakistan's Reforms and Resource Mobilization Commission. He also served as the President of Institute of Chartered Accountants of Pakistan for the term 2022-2023 and has been a member of the ICAP's Council since 2017. Additionally, he has held the position of Vice President of the Institute of Chartered Accountants of Pakistan for the term 2020-22 and led various committees of the Institute, including the Fiscal Laws, Economic Advisory and Government Relationship, Overseas Coordination, and Examination Committees.

Mr. Tola is a highly experienced professional with over 30 years of expertise in diverse areas such as tax planning and advisory, assurance and business advisory services, international mergers and acquisitions, corporate finance and investment banking, financial product design and launch, and corporate affairs.

In addition to his professional roles, he is a life member of the SAARC Chamber of Commerce and Industry. He has served as a technical advisor to the International Federation of Accountants (IFAC) Board member. He has also been a Member of the Board of Directors for CA Worldwide, the South Asian Federation of Accountants (SAFA), and the Confederation of Asian and Pacific Accountants (CAPA). Mr. Tola has also been involved in various governmental advisory positions, such as the Tax Reforms Commission 2014, the Tax Reforms Implementation Committee of FBR, the Board of the Privatization Commission - Government of Pakistan, and serving as the President of Karachi Club for four years. Furthermore, Mr. Tola is an advisor to the Institute of Policy Reforms and an honorary life member of the Karachi Press Club.

Mr. Tola is highly interested in the economy of Pakistan and is knowledgeable about over 40 tax jurisdictions worldwide.