Exemptions to New Students

The exemptions on the basis of academic qualification are available to the following categories:

  • Four year degree from Specified Degree Awarding Institute (SDAI)
  • Four year degree from universities other than SDAI
  • Two years degree from any universities
  • HSSC or Equivalents
  • A Levels
Stages Available exemption and conditions applicable
  Graduates HSSC A-levels
4 year
(SDAI*)
4 year
(non-SDAI*)
2 year
(non-SDAI*)
AFC Exemption from all papers of AFC

Without any other condition
Exemption from all papers of AFC

Minimum 60% marks in aggregate

60% marks or equivalent grades in relevant subject

Syllabus matches at least 70% with the prescribed syllabus of relevant subject
Exemption from all papers of AFC

Minimum 60% marks in aggregate

75% marks or equivalent grades in relevant subject

Syllabus matches at least 70% with the prescribed syllabus of relevant subject
Exemption from all papers of AFC

Minimum 70% marks in aggregate

75% marks or equivalent grades in relevant subject

Syllabus matches at least 70% with the prescribed syllabus of relevant subject
Exemption from all papers of AFC

Minimum two B grades

B grade in relevent subject

Syllabus matches at least 70% with the prescribed syllabus of relevant subject
CAF Exemption from all subjects of CAF

Minimum 60% marks or equivalent grades in relevant subjects

Syllabus matches at least 70% with that of the prescribed syllabus of relevant subjects
Exemption from CAF-1 to 4

Minimum 60% marks in aggregate

60% marks or equivalent grades in relevant subject

Syllabus matches at least 70% with the prescribed syllabus of relevant subject.
Exemption from CAF-1 Introduction to accounting CAF-2 Introduction Economics and Finance

Minimum 60% marks in

75% marks or equivalent grades in relevant subject

Syllabus matches at least 70% with the prescribed syllabus of relevant subject.
Exemption from CAF-1 Introduction to accounting CAF-2 Introduction Economics and Finance

Minimum two B grades

B Grade in relevant subject

Syllabus matches at least 70% with the prescribed syllabus of relevant subject.
* SDAIs are degree awarding institutes recognized by the Institute on the basis of a pre-defined criteria and evaluation by the Institute. The degree courses of SDAIs are designed in close coordination with the Institute.

Exemptions for other Professional Qualification

Stages and Papers ACCA CIMA ICMAP PIPFA
Assessment of Fundamental Competencies (AFC)
AFC-1 Functional English Y Y Y Y
AFC-2 Business Communication   Y Y Y
AFC-3 Quantitative Techniques Y Y Y Y
AFC-4 Introduction to Information Technology   Y Y Y
Certificate in Accounting and Finance (CAF)
CAF-1 Introduction to Accounting Y Y Y Y
CAF-2 Introduction to Economics & Finance   Y Y Y
CAF-3 Business Law   Y Y Y
CAF-4 Business Management & Behavioral Studies   Y Y  
CAF-5 Financial Accounting and Reporting - I Y Y Y  
CAF-6 Principles of taxation   Y*   Y  
CAF-7 Financial Accounting and Reporting - II Y Y Y  
CAF-8 Cost and Management Accounting Y Y Y  
CAF-9 Audit and Assurance   Y*   Y  
* The exemptin from CAF-6 'Principles of Taxation' shall be granted to candidates who have passed F6 Taxation - Pakistan variant and exemption from 'CAF-9 Audit and Assurance' shall be granted to candidates who have passed P7 Advanced Auditing.