Partner-led · Islamabad
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 · QCR · Islamabad
Partner-led audit, tax and advisory from Islamabad — serving Pakistan, the Gulf, the UK, the US and Canada.
Who we are
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
We compete on accountability, not scale. Five things define how we work.
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.
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.
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.
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.
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
Eleven service lines, from statutory audit to sustainability assurance — delivered by senior professionals who stay on your engagement from kickoff to sign-off.
Independent, rigorous and credible. Confidence for boards, investors, lenders, donors and regulators — delivered by a QCR-rated team.
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.
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.
Clarity before you commit. Diligence, valuation, modelling and integration support — so decisions rest on evidence rather than optimism.
Find the exposure before it finds you. Enterprise risk and forensic work that protects value and stands up to scrutiny.
Clean, reliable books and a finance function that scales without the headcount.
Strategic support for the decisions that matter — a new venture, a restructuring, a turnaround.
Select, implement and secure the systems your business depends on.
Stay compliant with Pakistan's corporate laws without carrying the administrative burden.
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.
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.
Sustainability reporting, greenhouse gas accounting and ESG assurance — for SECP disclosure requirements, donor and DFI conditions, GCC regulators and international group reporting.
Tell us the problem. A partner will tell you the shortest route to solving it.
Sectors we know
Thirteen industries, each with its own regulators, risk profile and reporting requirements. We scope the work to the sector, not to a template.
Project audits and compliance for major contractors — including five Chinese infrastructure groups.
Audit, tax and advisory for infrastructure operators and service providers.
Assurance, structuring and compliance for software houses and product companies.
Assurance and advisory for petroleum, solar and biomass operators.
Donor-compliant audits, grant assurance and project audits for trusts and programmes.
Compliance, assurance and reporting for manufacturers and specialist care providers.
Audit and advisory for colleges, universities and endowment funds.
Statutory audit, sales tax and inventory work for importers and distributors.
Provident fund audits, financial-sector compliance and advisory engagements.
Government corporations, public-private partnerships and BOT concessions.
Middle East
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.
Compliance and reporting support for entities established in Saudi Arabia and the UAE.
Structuring and cross-border support for groups moving into Saudi Arabia and the UAE.
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
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.
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.
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.
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
Five stages. You know at every point who is doing what, and when you will hear from us.
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.
A tailored scope built around your specific risks, deadlines and goals — written down, priced, and agreed before work starts.
Partners and senior professionals oversee the engagement directly. Risk-based, with effort concentrated where exposure is greatest.
Transparent updates on an agreed rhythm. No surprises at the reporting date, and no unanswered emails.
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
Every number below is a client we have actually served.
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
Credentials matter. So does what happens on a Tuesday afternoon when something goes wrong.
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.
Committed dates with transparent status reporting. If something is going to slip, you hear it from us early — not from the regulator later.
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.
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.
Tax, corporate law, systems and assurance under one roof. When your issue crosses disciplines, it doesn't cross firms.
Independence protocols, conflict checks, information security aligned to ISO 27001, and ICAP's ethical framework behind all of it.
Our people
Chartered accountants, tax specialists, legal counsel and certified technology professionals — working on your engagement directly.
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.
Wide experience in audit, assurance, corporate consultancy and taxation. 10+ years with renowned CA firms and the telecom sector. Expert tax consultant with deep knowledge of FBR regulations.
20+ years across telecom, education and professional services. Leads corporate relations and partnerships; expert in financial modelling, structuring and compliance for growing enterprises.
12+ years in infrastructure, cloud security, IT governance and cybersecurity auditing. Expert in ISO 27001, COBIT, NIST and SOC 2, with 15+ industry certifications.
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.
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.
CA Finalist at ICAP with over 5 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).
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
Four regulatory positions, held with three independent bodies. What each one required is set out in full on our quality page.
Registered with the statutory body governing the profession in Pakistan.
Compliant with Pakistan's independent audit regulator for public interest companies.
Our practice has been independently reviewed by ICAP and rated Satisfactory.
Our first independent review, completed before we entered the QCR programme.
What clients say
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
Timely notes on tax, audit, corporate law and cross-border compliance — written by our specialists, not by a content agency.
The Finance Act 2026 revised the 35% tax threshold to PKR 7 million and abolished the 9% surcharge — making this the right moment to review payroll structures, allowances and annual tax projections.
For years a tax notice meant a trip to the local office. That model is fading — and what replaces it rewards documentation discipline.
What the notice actually means, the clock that starts running, and how to frame a response that protects your position.
Why filing a return is about far more than becoming a filer.
Let's work together
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.
