Partner-led · Islamabad
We add value you can act on.And accountability you can name.
Audit, tax, advisory and finance support for businesses in Pakistan, the Gulf, the UK, the United States and Canada. Every engagement is led and reviewed by a partner.
Working outside Pakistan? See our international desks →
- ICAP Registered
- AOB Compliant
- QCR Rated
- APRSP Satisfactory
ICAP · QCR · Islamabad
Value you can act on.Accountability you can name.
Partner-led audit, tax and advisory from Islamabad — serving Pakistan, the Gulf, the UK, the US and Canada.
- 60+Direct clients
- 13Industries
- QCRSatisfactory
- 2020Established
- ICAP Registered
- AOB Compliant
- QCR Rated
- APRSP Satisfactory
- International desks →
Who we are
A firm built on senior judgement, not headcount.
Established in Islamabad in 2020. Sixty plus clients across thirteen industries since.
Muhammad Abbas & Co. is a partner-led firm of Chartered Accountants registered with the Institute of Chartered Accountants of Pakistan. We hold a Satisfactory Quality Control Review rating, comply with Audit Oversight Board requirements, and carry a Satisfactory rating under ICAP's Audit Practice Review and Support Programme.
We were founded in 2020 by a Chartered Accountant who had already spent a decade inside larger practices and multinational finance functions. That combination — a young firm run by experienced people — is deliberate. It means our clients get the seniority that larger firms reserve for their biggest accounts, and the responsiveness that larger firms structurally cannot offer.
Today we serve corporates, joint ventures, public sector bodies, provident funds and development organisations. They stay with us because the person who scoped their engagement is the person who reviews it.
One belief runs through all of it: we add value to your business. Not as a tagline — as the test we apply to every deliverable before it leaves the office.
More about the firm →
Concept render — not an actual photograph
Why clients choose us
The difference is proximity.
We compete on accountability, not scale. Five things define how we work.
Direct partner access
Your engagement is led and reviewed by a partner. Strategic judgement on every file, and a named person you can actually reach — not a relationship manager who routes your question to someone you'll never meet.
Independently reviewed quality
ICAP has reviewed our practice under its Quality Control Review programme and rated us Satisfactory. We publish what that review actually examined, and how to verify it, rather than displaying the badge alone.
Regulatory depth where it counts
Working knowledge of the FBR, SECP, PRA, KPRA and the provincial authorities — the portals, the timelines, the officers and the practical consequences of getting it wrong. Combined with IFRS, ISA, COSO, ISO 27001, COBIT and SOC frameworks applied as a matter of course, not as a selling point.
A multidisciplinary bench
Chartered accountants, tax specialists, a High Court advocate and certified IT governance professionals under one roof. When your problem crosses from tax into corporate law into systems, you don't need three firms and a coordination meeting.
International engagements, not international branding
Cross-border work is not a page on our website. Chinese state-owned construction groups delivering CPEC infrastructure. An NYSE-listed company, where our team tested the operating effectiveness of internal controls over financial reporting. World Bank–funded project audits. ZATCA and UAE Corporate Tax compliance delivered remotely into the Gulf. IFRS 9 expected credit loss and financial instrument valuation work across Pakistani, Gulf and international reporting. Offshore finance support for practices in the UK and North America.
Pakistan services
Comprehensive services, one accountable team.
Eleven service lines, from statutory audit to sustainability assurance — delivered by senior professionals who stay on your engagement from kickoff to sign-off.
01 / Assurance
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02 / Controls
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03 / Compliance
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04 / Deals
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05 / Risk
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06 / Finance
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07 / Strategy
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08 / Technology
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09 / Corporate
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Audit & Assurance
Independent, rigorous and credible. Confidence for boards, investors, lenders, donors and regulators — delivered by a QCR-rated team.
- Statutory & external audits
- Review engagements
- Agreed-upon procedures
- SOC 1 & SOC 2
- Group & consolidation audits
- Project & special-purpose audits
- IFRS reporting
- Donor & grant audits
Internal Audit & ICFR / SOX
Stronger controls, fewer surprises. We build, test and remediate the internal control environment — from full SOX and ICFR programmes to a co-sourced internal audit function.
- Internal audit (outsourced & co-sourced)
- SOX 404 readiness
- Risk & control matrices
- ICFR effectiveness testing
- COSO implementation
- Audit-committee reporting
Tax & Regulatory
Compliant with the FBR and provincial authorities, structured to reduce liability lawfully and defensibly. When a notice arrives, you want people who have answered hundreds of them.
- Income tax registration & returns
- Sales tax, federal & provincial
- Withholding statements
- Assessments & appeals
- Transfer pricing
- Refund claims
- FBR notice responses
Deals & Transaction Advisory
Clarity before you commit. Diligence, valuation, modelling and integration support — so decisions rest on evidence rather than optimism.
- Buy-side & sell-side diligence
- Financial & tax due diligence
- Business & share valuation
- Financial modelling
- Deal structuring
- Post-merger integration
Risk & Forensic
Find the exposure before it finds you. Enterprise risk and forensic work that protects value and stands up to scrutiny.
- Enterprise risk management
- Forensic audit & fraud investigation
- AML reviews
- Special investigations
- Litigation support
- Asset tracing
Accounting & Outsourcing
Clean, reliable books and a finance function that scales without the headcount.
- Bookkeeping & ledger management
- IFRS financial statements
- Payroll, EOBI & SESSI
- Budgeting & variance analysis
- Management reporting
- Outsourced CFO
- Stock take & fixed assets
Advisory & Consulting
Strategic support for the decisions that matter — a new venture, a restructuring, a turnaround.
- Feasibility studies
- Investment appraisal (NPV/IRR)
- Corporate restructuring
- HR audits
- Legal opinions
- Process improvement
- Staff secondment
Technology & Digital
Select, implement and secure the systems your business depends on.
- ERP implementation (SAP, Oracle, Dynamics)
- TallyPrime & Tally ERP 9
- IT audit & general controls
- Cloud enablement (Azure, AWS)
- Cybersecurity advisory
- ISO 27001, COBIT, NIST
- Custom accounting software
Corporate & Secretarial
Stay compliant with Pakistan's corporate laws without carrying the administrative burden.
- Company, firm & AOP registration
- Statutory filings & returns
- Agreement drafting
- Share transfers
- Corporate restructuring
- Compliance calendars
- Regulatory liaison
10 / Technical · Pakistan · Gulf · International
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Financial Instruments & IFRS 9
Classification, measurement, impairment and valuation of financial instruments under IFRS 9 and IFRS 13 — for Pakistani, Gulf and international reporting, including IFRS as endorsed in the Kingdom of Saudi Arabia.
- Classification & measurement — SPPI testing and business model assessment
- Expected credit loss (ECL) modelling — PD, LGD, EAD and staging
- Simplified-approach provision matrices for trade receivables
- Forward-looking macroeconomic overlays and scenario weighting
- Fair valuation under IFRS 13 — Levels 1, 2 and 3
- Valuation of derivatives, convertibles and structured instruments
- Employee and investor share option valuation
- Effective interest rate and amortised cost computations
- Concessional and related-party loan fair valuation
- Modification, derecognition and hedge accounting documentation
- Hedge effectiveness testing
- IFRS 7 and IFRS 13 disclosure preparation
- Independent review of management's ECL model
- Auditor-ready valuation memoranda and workpapers
Independence. Valuation and ECL modelling involve significant judgement. Where we act as your statutory auditor, we do not perform these services in a way that would create a self-review threat under ICAP's Code of Ethics — for public interest entities, material subjective valuations are provided only to non-audit clients. We will tell you which side of that line your engagement falls on before we quote.
11 / Sustainability · Pakistan · Gulf · International
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ESG & Sustainability
Sustainability reporting, greenhouse gas accounting and ESG assurance — for SECP disclosure requirements, donor and DFI conditions, GCC regulators and international group reporting.
- Sustainability reporting under IFRS S1 and IFRS S2
- GRI Standards reporting
- SECP ESG disclosure compliance
- Greenhouse gas inventories under the GHG Protocol — Scopes 1, 2 and 3
- Climate-related risk and its effect on financial reporting
- Limited and reasonable assurance over sustainability information
- ESG due diligence on transactions
- Donor, DFI and lender ESG condition reporting
- ESG governance frameworks and board reporting
- Materiality assessment and stakeholder engagement
- Baseline readiness assessment against IFRS S1 and S2
- Gulf market ESG reporting requirements
Not sure which service you need?
Tell us the problem. A partner will tell you the shortest route to solving it.
Sectors we know
Cross-sector experience, sector-specific judgement.
Thirteen industries, each with its own regulators, risk profile and reporting requirements. We scope the work to the sector, not to a template.
Construction & CPEC
Project audits and compliance for major contractors — including five Chinese infrastructure groups.
Telecommunications
Audit, tax and advisory for infrastructure operators and service providers.
Technology
Assurance, structuring and compliance for software houses and product companies.
Energy & Petroleum
Assurance and advisory for petroleum, solar and biomass operators.
Development & NGOs
Donor-compliant audits, grant assurance and project audits for trusts and programmes.
Healthcare & Pharma
Compliance, assurance and reporting for manufacturers and specialist care providers.
Education
Audit and advisory for colleges, universities and endowment funds.
Trading & Distribution
Statutory audit, sales tax and inventory work for importers and distributors.
Financial Services
Provident fund audits, financial-sector compliance and advisory engagements.
Public Sector & Logistics
Government corporations, public-private partnerships and BOT concessions.
Middle East
Gulf compliance, handled by people who know both ends of the transaction.
ZATCA, UAE Corporate Tax, VAT and IFRS reporting — for GCC businesses, and for Pakistani groups expanding into the Gulf.
The Gulf's compliance environment has changed faster in five years than in the previous twenty-five. Saudi Arabia's e-invoicing mandate, UAE Corporate Tax, Economic Substance Regulations and transfer pricing documentation now carry real penalties — and most of the work is finance-function work, not local-licence work. That is where we operate.
Inbound · Established in the GCC
For businesses operating in the Gulf
Compliance and reporting support for entities established in Saudi Arabia and the UAE.
- ZATCA VAT registration, returns and Zakat computation support
- E-invoicing (Fatoora) Phase 2 integration readiness
- UAE Corporate Tax registration, computation and first-return readiness
- UAE VAT returns and Economic Substance Regulation assessments
- IFRS financial statement preparation — including IFRS as endorsed in the Kingdom of Saudi Arabia
- IFRS 9 expected credit loss modelling and provision matrices for GCC receivables portfolios
- Fair valuation of financial instruments under IFRS 13, Levels 1 to 3
- Bookkeeping, payroll and management reporting in TallyPrime, Tally ERP 9, QuickBooks and Xero
- Audit readiness — we prepare the file and the schedules; your licensed local auditor reviews and signs
Outbound · Expanding from Pakistan
For Pakistani businesses expanding into the Gulf
Structuring and cross-border support for groups moving into Saudi Arabia and the UAE.
- Entity and holding-structure options, and their Pakistan tax consequences
- Pakistan–GCC cross-border tax and treaty positioning
- Transfer pricing documentation for related-party flows
- Group consolidation where a GCC entity sits above or below a Pakistan entity
- Intercompany and shareholder loan fair valuation under IFRS 9 across both jurisdictions
- Profit repatriation, forex and SBP compliance
- Coordinated reporting across both jurisdictions, on one calendar
How we work in the Gulf
MAC serves GCC clients remotely from Islamabad. A physical Gulf presence is planned. We do not hold SOCPA or UAE Ministry of Economy auditor licensing and do not perform statutory audit in those jurisdictions — where a local audit opinion is required, we prepare the file to audit-ready standard and work alongside your licensed auditor.
Middle East enquiries: gcc@mac.org.pk
Global delivery
Your back office, staffed by chartered professionals.
White-label bookkeeping, close and compliance support for accounting practices in the United Kingdom, the United States and Canada.
Practices face the same squeeze: more compliance work, fewer qualified people willing to do it, and clients who won't absorb the cost. Offshoring is now standard. What isn't standard is offshoring to a chartered accountancy firm rather than a processing centre.
MAC's Global Delivery team works as an extension of your practice, under your brand. Our accounting team are certified QuickBooks ProAdvisors, work to IFRS and local GAAP requirements, and are supervised by chartered professionals. We never contact your clients, and we never compete for them.
1
Your clientRelationship stays with you2
Your practiceYou scope and instruct3
MAC preparesYour systems, your standards4
You review and signYour licensed professionalUnited Kingdom
- Bookkeeping in Xero, QuickBooks and Sage
- VAT returns and Making Tax Digital
- Year-end accounts to FRS 102 and FRS 105 for your review
- Payroll and RTI support
- Companies House filing support
United States
- Bookkeeping and clean-up
- Month-end close and reconciliations
- AP and AR management
- Payroll processing support
- 1099 preparation support
- Workpaper and tax-return preparation for CPA review
Canada
- Bookkeeping and reconciliations
- GST/HST return preparation
- Payroll and T4 support
- Year-end file preparation for your accountant's review
Specialist technical support — all markets
- IFRS 9 expected credit loss models and provision matrices for group reporting
- Fair valuation of financial instruments under IFRS 13, Levels 1 to 3
- Share option and convertible instrument valuation
- Hedge documentation and effectiveness testing
- IFRS 7 and IFRS 13 disclosure drafting for your review
Where your client reports under UK GAAP or US GAAP, we prepare the equivalent work — FRS 102 sections 11 and 12, or ASC 326 and ASC 820 — to your file standards, for your review and signature.
The security question, answered properly.
Handing client financial data to an offshore team is a real risk, and you are right to interrogate it. Our IT governance function is led by a certified specialist holding ISO 27001, COBIT, NIST and SOC 2 credentials and more than fifteen industry certifications — in-house, not outsourced.
- Role-based access control, per-engagement permissioning
- Signed NDAs at firm and individual level
- Controlled workstations; no removable media, no local client-data storage
- Encrypted transfer and storage; audit-logged access
- ISO 27001-aligned information security practices
- Confidentiality protocols under ICAP's ethical framework
Start with one file.
A no-cost pilot — one client file or ten hours of work — so you can assess the output before committing to anything.
How we work
A clear path, start to finish.
Five stages. You know at every point who is doing what, and when you will hear from us.
01
Understand
An in-depth discussion of your business, its pressures and its objectives, with the people who actually run it. We scope nothing until we understand what you're solving for.
02
Design
A tailored scope built around your specific risks, deadlines and goals — written down, priced, and agreed before work starts.
03
Execute
Partners and senior professionals oversee the engagement directly. Risk-based, with effort concentrated where exposure is greatest.
04
Communicate
Transparent updates on an agreed rhythm. No surprises at the reporting date, and no unanswered emails.
05
Partner
High-quality delivery, and a relationship that continues after the file closes. Most of our clients came back for a second service before they engaged us for a third.
The portfolio in numbers
Five years. Sixty plus clients.
Every number below is a client we have actually served.
0Direct clients served
0Industries served
0Years average team experience
0Chinese infrastructure groups served
0Regulatory ratings — ICAP, AOB, QCR, APRSP
2020Established in Islamabad
Many clients across multiple service lines — audit, tax, accounting, advisory and technology. National and international engagements · Public and private sector · Companies, joint ventures, trusts and provident funds · CPEC-linked infrastructure · Donor-funded development programmes.
What it means for you
What you actually get.
Credentials matter. So does what happens on a Tuesday afternoon when something goes wrong.
A named person, not a queue
You get a partner's mobile number and a named engagement lead. When an FBR notice lands with a fourteen-day clock, you are not explaining your business to a call handler.
Deadlines you can plan around
Committed dates with transparent status reporting. If something is going to slip, you hear it from us early — not from the regulator later.
Advice you can implement
Recommendations written for the person who has to act on them, with the practical constraints of your business accounted for. Not a theoretical memo with a disclaimer attached.
Effort where the risk is
A risk-based approach means we concentrate work where your exposure is greatest, rather than spreading it evenly across areas that don't need it. You pay for judgement, not volume.
One firm across the problem
Tax, corporate law, systems and assurance under one roof. When your issue crosses disciplines, it doesn't cross firms.
Confidentiality that is structured
Independence protocols, conflict checks, information security aligned to ISO 27001, and ICAP's ethical framework behind all of it.
Our people
Senior expertise you can actually reach.
Chartered accountants, tax specialists, legal counsel and certified technology professionals — working on your engagement directly.
MA
Muhammad Abbas
Managing Partner, FCA
Fellow Member of ICAP with experience across auditing, accounting and taxation at multinationals. 10+ years with renowned CA firms in telecom and petroleum. Visiting faculty for Taxation and Financial Reporting.
AR
Abdul Rafey
Exec Director — Growth & Corporate Relations
20+ years across telecom, education and professional services. Leads corporate relations and partnerships; expert in financial modelling, structuring and compliance for growing enterprises.
SM
Saqib Muhammad
Exec Director — IT Governance, Risk & Security
12+ years in infrastructure, cloud security, IT governance and cybersecurity auditing. Expert in ISO 27001, COBIT, NIST and SOC 2, with 15+ industry certifications.
FA
Fakhar Abbas
Director — Legal Affairs
Seasoned High Court advocate with 15+ years in litigation and legal advisory. Life member of the High Court Bar Association; served four years on the legal panel of the Federal Ministry of Law, Justice & Human Rights.
MZ
Muhammad Zulqarnain
Director
Associate Member of PIPFA with experience in audit, assurance, corporate consultancy and taxation. 10+ years with renowned CA firms and the construction sector, including CPEC projects.
AI
Awais Ikram
Executive Director — Assurance & Advisory Services
CA Finalist at ICAP with over 10 years in audit and accounting. Trained at a renowned CA firm, leading audits across mineral, media, NGO, construction, education and money exchange sectors. Experienced in financial and tax audits, World Bank project audits, and SECP and BOI compliance for local and foreign state-owned Chinese construction companies, managing contractor affairs with clients including WAPDA and PICIIP. Proficient in FBR and provincial authority portals (PRA, KPRA).
RK
Ramzan Khan
Supervisor — Assurance & Advisory Services
CA Finalist with 3+ years spanning external audit, internal controls over financial reporting (ICFR), corporate compliance, taxation and financial modelling. Experienced across the full audit lifecycle including risk assessment, controls testing, fieldwork and final reporting under IFRS and local regulatory frameworks. A certified QuickBooks ProAdvisor supporting clients with bookkeeping setup, financial reporting and accounting system optimisation.
Our standing
Independently reviewed. Publicly verifiable.
Four regulatory positions, held with three independent bodies. What each one required is set out in full on our quality page.
ICAP Registered
Registered with the statutory body governing the profession in Pakistan.
AOB Compliant
Compliant with Pakistan's independent audit regulator for public interest companies.
QCR — Satisfactory
Our practice has been independently reviewed by ICAP and rated Satisfactory.
APRSP — Satisfactory
Our first independent review, completed before we entered the QCR programme.
What clients say
Trust, in their own words.
Direct feedback from clients we've worked with — named where a client is comfortable being identified, described by engagement otherwise.
“Professional, thorough, and reliable. Their taxation and financial statement services gave us confidence in the accuracy and quality of our financial reporting.”
“Their corporate and advisory support was professional, practical, and focused on understanding our objectives. They have been a valuable advisory partner.”
“The QuickBooks implementation and migration of our accounting data were handled professionally and systematically. Their support made the transition smooth and reliable.”
“Their feasibility study and financial modelling helped us present our project with clarity and credibility and played an important role in successfully raising the required funding.”
Latest thinking
Practical commentary, from the people who do the work.
Timely notes on tax, audit, corporate law and cross-border compliance — written by our specialists, not by a content agency.
Let's work together
Ready to work with a partner who knows your business?
Whether it's a statutory audit, an FBR notice with a deadline attached, a Gulf expansion or back-office capacity for your practice — start with a conversation. There is no charge for the first one.
- OfficeJaspal Arcade, 2nd Floor, Street 22, G-8/4, Islamabad
- Phone+92-51-6138902 / +92 311 9591525
- WhatsApp — quick response+92-300-6186284
- All enquiriesinfo@mac.org.pk