Insights and Thoughts
A Glimpse of the Financial and Economic Bulletin
Navigating Pakistan’s Economic Landscape: Unveiling Insights and Analysis from Our Expert Bloggers:
Stay informed on the latest economic and financial trends in Pakistan with Usman Rasheed and Co Chartered Accountants. Explore our website for insightful blogs curated by our expert team. Stay ahead of the curve by accessing valuable information and in-depth analyses that shed light on the dynamic landscape of the Pakistani economy. As a leading firm with a proven track record in audit, tax, corporate, financial, and business advisory services, we bring you a wealth of knowledge. Trust us to provide accurate and timely updates, ensuring you are well-equipped to make informed decisions in an ever-evolving economic environment.
International Financial Reporting Standards for Sustainability: Adoption and Application in Pakistan
The global landscape of business is evolving at an unprecedented pace, and alongside it, the importance of sustainability has taken center stage.The IFRS for Sustainability Standards were developed by the ISSB under the oversight of the IFRS Foundation.
Key Challenges in Maintaining Accurate Financial Records
In Pakistan’s rapidly evolving business landscape, maintaining accurate financial records is a cornerstone of sound business management. It enables organizations to meet legal obligations, make informed decisions, and gain the trust of stakeholders.
Why Outsourcing Bookkeeping is a Cost-Effective Solution
Bookkeeping is the systematic recording, organizing, and maintaining of a company’s financial transactions. Without efficient bookkeeping, businesses risk financial mismanagement, errors in tax filings, and missed opportunities for growth
How to Expand Your Business Globally from Pakistan
Expanding your business globally can unlock opportunities for growth, diversification, and increased profitability. This guide provides insights and strategies for expanding your business internationally, tailored specifically for businesses in Pakistan
How to Secure International Funding for Your Business in Pakistan
In today’s interconnected world, securing international funding can be a game-changer for businesses in Pakistan looking to expand, innovate, or overcome financial hurdles.
Understanding the Impact of Interest Rate Changes in Pakistan:
Interest rates are one of the most crucial tools used by central banks worldwide to manage economic stability.These interest rate changes can have far-reaching effects on businesses, consumers, and investors.
How Global Market Trends Influence the Pakistani Economy: A Comprehensive Guide
The global economy is a dynamic, interconnected system, with trends and shifts in markets across the world having significant implications for nations like Pakistan
Understanding the Role of Financial Models in Decision-Making:
In today’s fast-paced and data-driven business world, financial models have become integral tools for organizations aiming to make informed, strategic decisions
Debt vs. Equity Financing: Which is Best for Your Business?
The two primary options available to businesses are debt financing and equity financing. Each approach comes with its own set of advantages, disadvantages, and implications for your business
The Future of Fintech in Pakistan: Opportunities for Growth
The financial technology (fintech) sector has emerged as one of the most dynamic and transformative industries in the world, offering innovative solutions and bridge the gap between traditional banking and technology.
How to Conduct a Feasibility Study for a New Business
Feasibility study helps entrepreneurs assess the viability of their business idea before making significant financial investments. It helps determine whether a business concept is feasible, sustainable, and profitable in the long term.
Understanding the Auditor’s Report: A Guide for Business Owners
In the world of finance and business, the auditor’s report holds significant importance, it provides insights into the financial health and integrity of their organization
The Role of Forensic Audits in Fraud Detection
Forensic audits play a vital role in detecting and preventing fraud, uncovering financial misconduct and safeguard business integrity in organizations
Importance of Internal Audits for Organizational Growth in Pakistan
Discover how internal audits can drive operational efficiency, strengthen internal controls, and mitigate risks for sustainable growth
Key Financial Ratios Every Business Owner Must Know
Understanding key financial ratios is crucial for any business owner. these ratios help you assess your company’s financial health, make informed decisions, and attract investors.
Tax Incentives & Credits for Investors in Pakistan
Investing in Pakistan’s economic landscape offers lucrative opportunities, and the government has introduced a range of tax incentives to attract investors
How to establish liaison Office, Branch Office, and Subsidiary in Pakistan
Discover investment vehicle options for foreign investors in Pakistan, including liaison offices, branch offices, subsidiaries, and permanent establishments.
Best Investment Opportunities in Pakistan
Discover lucrative investment opportunities in the thriving economy of Pakistan, where dynamic sectors are fuelling growth and innovation
An overview of federal excise duty in Pakistan
In accordance with Section 3 of the Federal Excise Act, specified goods and services are subject to the Federal Excise Duty (FED) at a general rate of 15%.
Anti-money-laundering and Benami legislation in Pakistan
In September 2007, Pakistan introduced its first independent Anti-Money Laundering (AML) law via the Anti-Money Laundering Ordinance
Registration of the companies in Pakistan
Companies incorporated in Pakistan and foreign companies operating through branches or liaison offices are subject to regulation under the Companies Act, 2017
Double-Entry Bookkeeping: A Complete Beginner’s Guide
Double-entry bookkeeping revolves around the principle that every financial transaction has two equal and opposite effects in at least two accounts.
Common Tax Mistakes Made by Businesses in Pakistan and How to Avoid Them
One of the most frequent errors businesses make is inadequate record-keeping. Misreporting income is another prevalent issue.
How to File Your Income Tax Return in Pakistan: A Complete Guide with Reference to the Income Tax Ordinance, 2001
Filing an income tax return is an essential responsibility for every taxpayer in Pakistan.The Income Tax Ordinance, 2001 mandates tax filing for certain individuals and entities.
Tips for Improving Your Business’s Financial Performance in Pakistan
Improving financial performance is a core objective for businesses of all sizes.One of the fundamental aspects of improving financial performance is cost management.
Corporate Governance – Ensuring Transparency and Accountability in Pakistan
Corporate governance refers to the system of rules, practices, and processes by which companies are directed and controlled.
Ultimate Benefits of Financial Training for Business Leaders
Financial training equips business leaders with the knowledge and skills needed to make informed decisions about budgeting, forecasting, and overall financial management
How to Conduct a Financial Health Check for Your Business
A financial health check is a proactive approach to managing your business’s finances. By reviewing financial statements, analysing key metrics, and addressing risks, you can ensure long-term success.
How to Optimise Your Business’s Cash Flow
Managing cash flow effectively is one of the most critical aspects of running a successful business. For entrepreneurs and businesses in Pakistan, where currency devaluation, and high inflation rates are common challenges,
How to Prepare for a Tax Audit in Pakistan: A Comprehensive Guide
Tax audits are an essential aspect of Pakistan’s taxation system. Governed by the Income Tax Ordinance, 2001, these audits ensure compliance, detect discrepancies, and improve the tax base.
Simple and Smart Bookkeeping Tips for Small Business Success in Pakistan
Bookkeeping is more than just tracking income and expenses; it is about establishing a system to monitor cash flow, analyse profitability, and prepare for tax obligations.
How to Choose the Right Accounting Software for Your Business
Accounting software is more than just a tool for tracking expenses and income—it’s the backbone of effective financial management.
Best Tax Planning Strategies for Businesses in Pakistan
Effective tax planning is a cornerstone of financial management for businesses operating in Pakistan. By leveraging provisions of the Income Tax Ordinance, 2001,
Public-Private Partnerships (PPPs) in Pakistan: A Catalyst for Development
Public-Private Partnerships, often abbreviated as PPPs, are collaborative agreements between the government and private sector entities.
World Bank Initiatives in Pakistan
The World Bank is an international financial institution that provides financial and technical assistance to developing countries worldwide
The Role of European Union Funding in Pakistan’s Development
Pakistan’s relationship with the European Union dates back to its inception in 1951 when Pakistan signed the Treaty of Paris
SDGs in Pakistan: Business Roadmap for Sustainability
The Sustainable Development Goals, adopted in 2015, were designed to be a universal call to action to end poverty, protect the planet, and ensure prosperity for all
Pakistan’s FinTech Opportunities for Financial Inclusion
Financial inclusion refers to the accessibility and affordability of essential financial services, such as banking, insurance, credit, and payment systems
Pakistan’s Energy Sector: Opportunities and Obstacles
Before delving into the investment potential, it is crucial to understand the current energy mix in Pakistan
Investing in Pakistan’s Sustainable Tourism Growth
Pakistan’s cultural heritage is equally impressive. The country is home to some of the world’s oldest civilizations, including the Indus Valley Civilization,
Pakistan SME Sector Growth Potential
Pakistan’s Small and Medium Enterprises (SMEs) sector is a dynamic and crucial component of the country’s economy
Challenges and Opportunities for Women Entrepreneurs in Pakistan
Women entrepreneurs in Pakistan are involved in various industries and sectors, showcasing their versatility and adaptability
Pakistan’s Import Substitution vs. Export-Led Growth Analysis
In the realm of economic development strategies, countries often find themselves at a crossroads, torn between various paths to prosperity
Skills Development in Pakistan: Bridging the Workforce Gap
The foundation of a skilled workforce begins with education, and Pakistan’s education system faces significant challenges
Pakistan Agriculture: Investment Opportunities & Challenges
Pakistan’s agriculture sector holds immense importance for the country’s economy. It accounts for nearly 24% of the GDP and employs.
Pakistan’s Economic Growth and Environmental Sustainability
Pakistan, with its diverse landscapes, abundant natural resources, and a young and dynamic population, has tremendous economic potential
Economic Diplomacy’s Role in Global Trade
In a rapidly globalizing world, economic diplomacy has emerged as a crucial tool for nations to foster international relations and promote trade.
Economic Diversification Strategies for Pakistan
Economic diversification is not just a buzzword; it’s a fundamental aspect of a country’s economic development. Here’s why it matters
Entrepreneurship and Startups: Empowering Youth in Pakistan
Pakistan, a nation of over 240 million people, is experiencing a youth bulge, with a significant portion of its population under the age of 30
Promoting Sustainable Manufacturing in Pakistan
The manufacturing sector is the backbone of Pakistan’s economy, contributing significantly to its GDP and providing employment opportunities to millions of people
Climate Change and Pakistan: Economic and Business Implications
Climate change is no longer a distant threat; it’s a reality that is significantly impacting economies worldwide
Pakistan’s Role in Regional Economic Integration
Before we dive into Pakistan’s role, let’s establish a foundational understanding of regional economic integration
Green Bonds and Sustainable Finance in Pakistan
The 21st century has brought to light the undeniable fact that our planet is facing unprecedented environmental challenges
Economic Empowerment in Pakistan: Promoting Financial Literacy
In a rapidly evolving global economy, financial literacy and inclusion have become indispensable pillars for sustainable economic growth
Trade Policies and Tariffs in Pakistan: A Comprehensive Overview
In an increasingly interconnected world, international trade plays a pivotal role in the economic development and growth of nations
Foreign Exchange Reserves and Their Role in Pakistan’s Economy
Foreign exchange reserves, often simply referred to as forex reserves, encompass a country’s holdings of foreign currencies, gold, and other valuable assets
International Development Projects and Financial Advisory Services
Before delving into the role of financial advisory services, let’s gain a comprehensive understanding of international development projects.
Legal and Regulatory Considerations for International Firms in Pakistan
Expanding a business internationally is a strategic move that holds the promise of growth and profitability
Pakistan’s Infrastructure: Public-Private Partnership Impact
Infrastructure development is the backbone of any country’s economic progress, and Pakistan is no exception
Startup Ecosystem in Pakistan: Emerging Trends and Opportunities
With a population of over 220 million and a growing tech-savvy youth demographic, Pakistan presents a promising landscape for startups and entrepreneurs
Creating a Successful Business Expansion Strategy in Pakistan
In today’s globalized business landscape, expansion into new markets is a key driver of growth and profitability. Pakistan
Incentives and Potential: Pakistan’s Renewable Energy Market
Pakistan’s energy sector has faced a myriad of challenges over the years, including chronic energy shortages and transmission losses
Corporate Laws and Regulatory Requirements in Pakistan
______ Business Structures and Regulatory Framework In Pakistan, various business activities can be conducted through different legal structures,...
Understanding the Role of Audit in Ensuring Financial Transparency
An audit is an objective examination and evaluation of the financial statements of an organization to make sure that the records are a fair and accurate representation
Financial Reporting Requirements for Pakistani Companies: A Step-by-Step Guide
The Securities and Exchange Commission of Pakistan (SECP) has outlined detailed procedures for preparing and filing financial statements to ensure consistency and accuracy in reporting
Five Accounting Must-Knows for Pakistani Small Business Owners
As a small business owner in Pakistan, one of the most important things you need to understand is your assets – what your business owns and what those things are worth
What Foreign Investors Must Know About Registering a Company in Pakistan
As a foreign investor looking to register a company in Pakistan, there are a few legal requirements and procedures you’ll need to be aware of.
A Guide to Business Registration Options in Pakistan
As an entrepreneur in Pakistan, you have several options when it comes to legally registering your business. The business structure you choose has significant implications
The Importance of Tax Planning for Businesses in Pakistan
You’ve worked hard to build your business in Pakistan. You’ve invested time, money, and sweat to make it successful.
Taxes in Pakistan: A Comprehensive Overview of Laws, Compliance and Penalties
Tax laws in Pakistan can seem complicated, but don’t worry, we’ve got you covered. In this article, we’ll walk you through everything
The Path to Prosperity: Growing Pakistan’s Economy Through Sustainable Tourism
Pakistan is a country rich in natural beauty, with landscapes ranging from the Arabian Sea to the Himalayan Mountains. It also has a wealth of cultural
What Foreign Companies Must Consider Before Operating in Pakistan
Pakistan’s growing population of over 220 million people and developing economy present lots of opportunities. But before you dive in,
Why Accounting Matters: How Proper Bookkeeping Boosts Your Bottom Line
Accurate financial reporting is crucial for any business. Without proper bookkeeping and accounting, you’re flying blind.
How Freelancing Is Transforming Pakistan’s Economy
Ever thought about quitting your nine-to-five job and becoming your own boss? In Pakistan, more and more people are doing just that.
Why Every Business in Pakistan Needs Expert Tax and Corporate Advisory
You’re an entrepreneur in Pakistan, working hard to build your business. But between managing operations, developing new products, hiring staff, and growing your customer base,
How Tax Breaks Fuel Growth in Pakistan’s Special Economic Zones
With over a dozen special economic zones across Pakistan and more in the works, the opportunities for your business are many.
Reforming Taxes to Rebuild Pakistan’s Economy
Pakistan’s tax-to-GDP ratio is among the lowest in the world at just 6.7% in 2023. This means the government collects very little in taxes compared to the size of the economy
Budgeting in Pakistan’s Public Sector: An Introduction
The annual budgeting process in Pakistan follows a top-down approach under the Ministry of Finance.
Good Governance Through Better Public Financial Management in Pakistan
Pakistan has faced significant challenges in reforming and strengthening its public financial management systems.
Financial Literacy: A Path to Women’s Empowerment in Pakistan
As a woman in Pakistan, gaining financial independence and security is critical to empowering yourself and gaining more control over your life. Financial literacy,
Navigating Pakistan’s Complex Export-Import Landscape: Why You Need Business Advisory
As an international business looking to tap into new markets, Pakistan may seem an attractive yet perplexing option.
Financial Awareness: The First Step Towards Pakistan’s Economic Transformation
Learning money management skills and gaining financial awareness may not seem exciting, but it’s crucial for both individual success and the nation’s development.
Unlocking Pakistan’s E-Commerce Potential: Challenges and Opportunities
Ever wonder why Pakistan’s e-commerce industry hasn’t taken off yet? You’re not alone. Despite a population of over 220 million people,
The Smart Investor’s Strategy for Pakistan: A Blueprint for Long-Term Success
As an investor in Pakistan, you face a unique set of challenges and opportunities. While economic and political uncertainty persist,
How Global Economic Shifts Are Reshaping Pakistan’s Economy
As an emerging economy, Pakistan is uniquely positioned to capitalize on major global economic shifts that are reshaping international trade and investment flows.
Pakistan: An Economic Bridge Between Central and South Asia?
As an emerging market with a strategic geographic location, Pakistan has the potential to serve as an economic bridge between Central and South Asia
Unlocking Pakistan’s Agricultural Potential: The Path to Prosperity
As an emerging economy with a large population base, Pakistan’s agricultural sector remains crucial to its prosperity and development.
Why SMEs Are Key to Pakistan’s Economic Prosperity
Small and medium enterprises (SMEs) are the backbone of Pakistan’s economy, accounting for over 90% of all private sector businesses
Going Global: Why Businesses Need Specialized Consulting for International Expansion
Ever thought about taking your business global? It can be an exciting prospect, opening up new markets and revenue streams.
Public-Private Partnerships in Pakistan: Mitigating Risks and Maximizing Rewards
Before embarking on a PPP, you must evaluate both the rewards and risks to ensure the optimal outcome for your business and the public.
Unlocking Pakistan’s Potential: Assessing the Impact of Trade Agreements
For decades, Pakistan has struggled to boost trade and attract foreign investment despite its strategic location and large population.
Essential Tax Planning for Expatriates and Foreign Companies in Pakistan
As an expatriate or foreign company operating in Pakistan, it’s critical to understand your tax liability. Pakistan’s tax laws can be complex, but some basics apply:
Navigating Pakistan’s Foreign Exchange Maze: What Investors Need to Know
Pakistan maintains strict controls on foreign currency to stabilize its own rupee. That means every time money moves in or out of the country, the central bank tracks it.
Navigating Pakistan’s Tax and Corporate Laws: What Foreign Investors Must Know
Pakistan’s tax and corporate laws can seem complex, even convoluted, to outsiders. As a foreign investor, you want to go in with your eyes open to avoid nasty surprises down the road.
Transforming Companies With Business Advisory in Pakistan: Prioritizing People and Planet
As a business leader in Pakistan, you have the opportunity to transform your company by embracing sustainable practices that benefit both people and the planet
Tax Advisory and Financial Planning for Pakistani Startups: 5 Keys to Success
As an entrepreneur, you’re focused on growth and innovation. But don’t forget about the financial and tax aspects of your business. Smart money management and tax planning can make or break a new company
The Art of Reading Financial Statements: A Step-by-Step Approach for Company’s Financial Analysis
Financial statements are the lifeblood of a company, showing investors and other stakeholders how it is performing financially. If you want to make informed decisions about investing…
Financial Accounting vs. Financial Reporting: Which is More Important for Your Business?
Financial accounting and financial reporting are often confused with one another, but the two are actually quite distinct. Many people think that these terms refer to the same thing….
Understanding the Fundamentals of Public Financial Management in Pakistan
Public Financial management in Pakistan is an important, yet often overlooked subject necessary for stability and growth. In recent years, fiscal sustainability has become increasingly…
steps taken by government of Pakistan for ease of doing business
Starting a new business is often considered to be a complex process. There are several regulations and procedures that need to be followed which can be intimidating…
About Us
Usman Rasheed & Co Chartered Accountants is a leading financial advisory and audit firm in Pakistan, having offices in Islamabad, Quetta, Lahore, Karachi, Peshawar & Gilgit. The firm is providing Audit, Tax, Corporate, Financial, Business, Legal & Secretarial Advisory services and other related assistance to local and foreign private, public and other organizations working in Pakistan