The Institute of HEAD OFFICE Chartered Accountants D irective 1.17 of Pakistan February 10, 2014 MINIMUM STIPEND RATES In exercise of the p owers conferred by Section 15 of the Chartered Accountants Ord in ance, 1961 read with Bye L aw 100 of t he Chart ered Acco untants Bye L aws 1983, the Council of the Institute in its 250,h meeting h eld on January 24 and 25, 2014 has approved the following minimum rates of stipend during the training period: A. SPECI FIED RATES 1. CA Intermediate Pa ssed or equivalent thereto (Training period 3.5 yea rs): Criteria Rupees per month On Commencement of Training 9,600 On P assi ng Module E or F 13,200 On Pass ing Mod ule E and F 36,000 2. Fo ur year Graduate / Post Graduate from universities approved by the Education and Training Committee (Training perio d 3 years): Criteria Rupees per month On Commencement of Training 12,000 O n Passing Module E or F 13,200 On Passing Module E and F 36,000 3. All o the r Qualifications (Training period 4 years): Criteria Rupees per month On Commencement of Training 8,400 On P ass ing Mod ule E or F 13,200 On Pa ss ing Module E and F 36,000 B. EFFE CTIVE DATE T hi s Directive shall become effective from July 1, 2014 on all training contracts registe red u nd er the Cha rtered Acc ountants Bye Laws, 1983. C. REP EAL E ffective July 1, 2014 this Directive supersedes the previous directive 1.17 dated N ovember 14, 2011 (250'h meeting of the Cou ncil held on January 24 and 25, 2014) (Established under the Chartered Accountants Ordinance, 1961 • X of 1961) Chartered Accountants Avenue, Clifton, Karachi-75600 (Pakistan). Ph: (92-21) 111 000422 Fax : 99251626 Website: www.icap.org.pk E-mail: [email protected]