Increased in Stipend by ICAP to 8000.

[ArsalAnsari]

I am heared about increase in stipend any body have knowledge or evidence to this. PLz Reply on.

[umer90]

Man ICAP website still says 6500

although there is a need to increase in stipend cuz 6500 are only penuts

[lonewolf]

i too have heard about it. i think only firms have received notice about it & its not public till yet..Further more as fas as i know it is applicable from july 2012 so nothing gud for now

[bilalfca]

salam

ICAP has increased the Minimum stipend... New rates are as under

Basic 8,000
After passing Mod E or F 11,000
On passing Mod E and F 30,000

Also the Article-ship period has been increased to 3.5 years now as compared to 3 years...

Applicable form July 2012

Regards

[A.A]

@bilalfcaWoA.Could you please mention the source of this news?I couldn't find it on ICAP's website.ICAP changed the articleship period only a couple of years ago so changing it again so soon seems a little weird.

[umer90]

If its true than its great cuz 6500 are peanuts

[BILAL.SARDAR]

The stipend has been increased to Rs. 8,000 as decided in council meeting. If u r a FB user than have a look at this.

https//www.facebook.com/photo.php?fbid=303976046288723&set=a.170827419603587.37350.170814422938220&type=1&theater

Regards

[bilalfca]

A.A

BILAL.SARDAR has shared the page.. Check it out!

[A.A]

Thanks bilal.sardar and bilalfca for sharing this info before ICAP announced it.
ICAP has finally uploaded it
http//www.icap.org.pk/userfiles/file/training_Dept/minmumstpendratest.pdf
http//www.icap.org.pk/userfiles/file/training_Dept/changept.pdf

The change in training period applies to contracts registered from December 2011 while the change in stipend rates applies to all contracts.

[BILAL.SARDAR]

Well 3 yrs articles for 1st attempter of E & F vanished (

Now evry1 will enjoy 3.5 yrs at any cost.

[nabeel_m9]

<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by BILAL.SARDAR</i>
<br />Well 3 yrs articles for 1st attempter of E & F vanished (

Now evry1 will enjoy 3.5 yrs at any cost.
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Assalam u Alaikum...

i didnt hear this dear...i hv read the ICAP notification about stipend rates mentioning 4 yr articles for 4 yr graduates or masters from ICAP recognised institutes. but it dznt mention anything about 3.5 yrs for all ca students )
n i hope its not..3 yr opportunity is a charm ..although not easily attainable )

[decentshaw]

Good to know the news . 6500 is tooo less.
What about ACCA students/Affiliates ? will they too recieve the same stipend?

[BILAL.SARDAR]

@ Nabeel_m9

i wish its not the case as i interpreted it.

[umer90]

what have u interpretated