Frequently Asked Questions about CA

CA is the qualification of chartered accountancy. It is one of the most rewarding careers that anyone can opt to excel in life. There are vast job opportunities for the Chartered Accountant in Pakistan as well as in foreign counties. Even the fresh graduates are offered a handsome salary package in the local and multinational companies.

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CA FAQs (2025 Updated)

1. What is CA?

Chartered Accountancy (CA) is a globally recognized professional qualification in accounting, auditing, taxation, and finance. In Pakistan, CA is one of the most prestigious qualifications, with career opportunities in audit firms, multinationals, banks, public and private organizations, and even abroad.

2. Who can apply for CA?

There are multiple entry routes:

  1. Intermediate (HSSC or equivalent): Minimum 50% marks.
  2. Graduates (14 years of education): Minimum 45% marks.
  3. A-levels/Foreign qualifications: At least two passes in principal subjects.
  4. Direct entry for graduates (16 years of education): Students with specific business/accounting degrees can claim exemptions.

3. How many papers are there in CA?

CA consists of 4 levels with 21 papers in total:

  1. Assessment of Fundamental Competencies (AFC): 4 papers
  2. Certificate in Accounting and Finance (CAF): 9 papers
  3. Certified Finance and Accounting Professional (CFAP): 6 papers
  4. Multi-Subject Assessment (MSA): 2 papers

4. Which authority regulates CA in Pakistan?

The Institute of Chartered Accountants of Pakistan (ICAP) exclusively regulates, conducts exams, and awards the CA qualification in Pakistan.

5. How much does CA cost in 2025?

Registration Fee: PKR 17,500 (AFC level)

Exam Fees: PKR 2,500 – 6,000 per paper (depending on level)

Tuition Fees: Varies by institute (approx. PKR 25,000 – 40,000 per paper)
On average, if cleared in first attempts, CA costs around PKR 6–7 lacs. Multiple attempts increase the cost.

6. Which cities have CA institutes?

CA tuition providers are present in major cities of Pakistan:

  1. Karachi
  2. Lahore
  3. Islamabad/Rawalpindi
  4. Faisalabad
  5. Multan
  6. Peshawar
  7. Quetta
  8. Abbottabad
  9. Hyderabad
  10. Gujranwala
    (and more developing centers across Pakistan)

7. What kinds of jobs are offered after CA?

CAs work in both public and private sectors. Career roles include:

  1. Auditor
  2. Financial Analyst
  3. Tax Consultant
  4. Finance Manager
  5. CFO/Controller
  6. Internal Auditor
  7. Risk & Compliance Manager
  8. Positions in FBR, NAB, SECP, and multinational companies

8. What is the duration of CA in Pakistan?

CA duration depends on exam clearance:

Average: 5–6 years

Fast-track students: Can complete in 4 years if they clear papers in first attempts.

9. How many attempts are allowed at each level?

  1. AFC: 3 attempts per paper. If two papers are cleared in 3 attempts, two more attempts are allowed for remaining papers.
  2. CAF: 6 attempts per paper (with 2 additional if 7 papers are cleared).
  3. CFAP: 6 attempts per paper.
  4. MSA: Unlimited attempts allowed.

10. Can students appear in exams from abroad?

Yes, CFAP and MSA exams can be taken at ICAP exam centers in Dubai and Riyadh.

11. What is the rechecking procedure?

Apply within 30 days of result announcement.

Fee: PKR 2,000 per paper (2025 updated)

Only totaling errors and unmarked questions are reviewed.

12. Famous CA Preparation Institutes in Pakistan (2025)

  1. PAC (Professionals’ Academy of Commerce)
  2. SKANS School of Accountancy
  3. CAMS
  4. CFE
  5. TSA (Tabani’s School of Accountancy)
  6. Al-Hamd Academy
  7. Aureole Training

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