Accountancy runs in our blood
This is our story, right from day 1. We have a longstanding lineage of excellence: read to find out more
The firm established operations in Lahore, focusing on understanding the local market. Committed to quality and innovation, it gained the trust of key industry players, secured high-profile clients, and bolstered its reputation, setting the stage for future growth.
Between 1990 and 2010, Mr. Fazal Mahmood served the accounting profession and was elected as an ICAP Council Member from 1997 to 2005. During his tenure as council member he was elected twice as vice president of ICAP and served in numerus committees of ICAP including as chairman of technical advisory committee (North). He leadership helped in improving accounting standards and solidified his prominence in the field.
He was also nominated as a director of the Lahore Stock Exchange for 1998-2000.He remained on board of directors of PIPFA from the year 1997-2005 and was elected as president of PIPFA. During this period, the firm received the prestigious Quality Control Review (QCR) rating from ICAP.
The firm expanded significantly, adding six partners and four offices, enhancing its expertise and geographical reach. Amongst the new partners joining FMC, Mr. Zafar Iqbal Sobani is a past President of ICAP.
The Firm was admitted as independent member of Prime Global, it gained a global network, boosting its international presence and collaboration, positioning it as a prominent global player. From 2020 to 2024, the firm significantly expanded globally to key financial hubs like the UK, US, Hong Kong SAR, Singapore etc. Operating as part of the third party network for Vialto Partners, it strengthened its international presence with seven partners, six directors, and over 150 staff, marking a milestone in its journey toward becoming one of global financial leaders.
Today, we work with many of Pakistan’s leading brands
From startups to textile mills and non-profits to consumer packaged goods, we provide our excellent financial services to a wide variety of the country’s leading corporations. Our featured clients include:
Our values inspire everything we do
We never compromise on our values which we take very seriously. We believe our religious focus on our key values provides us with a competitive advantage that translates into immense value creation for our clients as well as growth for our team and stakeholders.
Innovation
If we aren’t innovating, then we aren’t following the FMC way
Innovation is seeped into the very fabric of our firm and we motivate each employee to think outside of the box and arrive at creative solutions
Integrity
A strong moral compass isn’t just a wish, it’s a requirement
No matter where one exists in the organizational chain, being honest with their work and in their dealings is an essential practice
Leadership
Each employee is groomed to take over, that’s our way
We do not settle for individuals willing to settle, we want each employee to work towards being the leaders of tomorrow
Trust
Confidentiality with our clients and employees is paramount
We conduct our operations with our employees and clients based on trust, if we have your word then that is enough for us.
Excellence
Our biggest commitment is to our past, excellence above all
This firm was founded to usher in excellence in accounting in Pakistan, we remind ourselves everyday of this responsibility that we must shoulder
Respect
Every interaction needs to be mindful of being respectful
We welcome individuals from all backgrounds and belief systems, our commitment to having a respectful and inclusive work environment is non-negotiable
As licensed professionals, we help drive businesses towards financial success. Our numbers speak for themselves
At FMC, we pride ourselves on our commitment towards each client that walks through our door. Going the extra mile and dilligence with our work is sown into the fabric of the company. We guarentee professionalism, expertise, communication and reliability, just look at our track record below if you’re in doubt.
1100
AUDITS PERFORMED
1109
FINANCIAL REPORTING
1423
CORPORATION TAX
2158
PERSONAL TAX
110
PAYROLL SERVICES
100
VAT SERVICES
8
PUBLIC LISTED CLIENTS
282
LARGE SIZED ENTITIES
759
MEDIUM SIZED ENTITIES
Meet the wonderful team that has made it all possible
Meet the people running everything in the background, our elite team of partners. While we do have over 100 employees performing various tasks, these six individuals form the bedrock of FMC.
Fazal Mahmood
Founder
Fazal Mahmood qualified as chartered accountant from Jeffreys Henry Chartered Accountants, London (a member firm of JHI) in 1984 from Institute of Chartered Accountants in England and Wales. He is a fellow member of Institute of chartered accountants in England and Wales, Institute of chartered accountants of Pakistan and Pakistan Institute of Public Finance Accountant. He is also the member of audit faculty of Institute of chartered accountants of England and Wales.
Sheikh Atif
Partner
Sheikh Atif Farooq qualified as a Chartered Accountant in the year 2001 and is an Fellow Member of the Institute of Chartered Accountants Pakistan. He is also the life member of Lahore Tax Bar Association. He was admitted to the partnership in 2003. He has multinomial experience in his professional career. He has expertise in financial management, Taxation, Budgeting, management consultancy and human resource management and development.
Zafar Iqbal Sobani
Partner
Zafar Iqbal Sobani brings with him over thirty eight years’ experience of working in the manufacturing, power sector and audit profession in Pakistan and in the Middle East.
He obtained qualification of Chartered Accountancy and Cost & Management Accountancy in the early eighties from Pakistan. He worked with A.F. Ferguson (PWC) in Pakistan and Ernst and Young, Saudi Arabia.
Faisal Latif
Partner
Faisal Latif is a member of the Institute of Chartered Accountants of Pakistan. He qualified as Chartered Accountant from Tariq Ayub, Anwar & Co; Chartered Accountants and has been practicing since 1998. He has compiled following books and their updations whenever is required in the year; complete income tax law with ready reference, complete sales tax law with ready reference, complete company law with procedures & ready reference, Complete federal excise law with ready reference, Handbook of Tax Laws.
Muhammad Imran Akhtar
Partner
Muhammad Imran Akhtar is a Fellow Member of Institute of Chartered Accountants of Pakistan. He qualified as a chartered Accountant in August 2005. He has also completed his M.com from Hailey College of Commerce Punjab University Lahore in 1998.
He has served in senior management roles in various companies. He has experience of almost ten years in the field of audit and financial consultancy both at national and multinational level. He has also worked on projects relating to the World Bank.
Muhammad Arshad
Partner
He is fellow member of ICAP and PIPFA. He qualified as chartered accountant in 2001.
He joined his parent CA Firm, Nasir and Co, Chartered Accountants initially as Manager Audit in 1997 and then as Partner (Audit & Management Consultancy). Later in 2004, he set up his own CA Firm, Muhammad Arshad & Co, Chartered Accountants till 2013. During this period, he had the clients from all sectors/industries namely sports goods, surgical instruments, garments, leather products, associations, chamber, dry port, schools/colleges, NGOs, Hospitals, Hotels, etc. for internal/external audit, accounting, tax, corporate and management consultancy services.
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