Experience

• 

  TransKarachi

  • Karāchi, Sindh, Pakistan

  • Senior Finance Manager (Acting CFO)

    • Nov 2023 - Present
    • Karāchi, Sindh, Pakistan

    TransKarachi (A public sector company) Established in 2020, TransKarachi is a Public Sector Company owned by the Government of Sindh. As an implementation agency responsible for the Construction,management and maintenance of the $503 million Karachi Bus Rapid Transit (BRT) Red Line. The project is sponsored by the Government of Sindh, with financial assistancefrom the Asian Development Bank (ADB) and co-financiers, including the AsianInfrastructure Investment Bank (AIIB), the French Agency for Development (AFD), andthe Green Climate Fund (GCF).Job Description: • Reporting to CEO, Coordination with ADB’s representatives and Government agencies (Economic affair division, Planning division, Transport department GoS) on various reports and financial progress of the project. • Verify all the project payments as per contracts agreements, outputs, deliverables and ADB Loan handbook and Project administration manual, Track all the withdrawal application in Loan Financial information system and ADB Portal. And ensure that funds are available for upcoming payments.• Responsible for presentation of quarterly, halfyearly and yearly audited accounts to the Board and board audit committee. monitor all the Direct / indirect tax compliance of the organization as per law.• Responsible for annual audit from Auditor General of Pakistan and prepare response against DG Audit observation for Departmental Audit committee review.• Any other task assigned by CEO and Board of Directors time to time.

• 

  Sona Corporation (Pvt) Limited

  • Karāchi, Sindh, Pakistan

  • Chief Financial Officer

    • Jun 2023 - Nov 2023
    • Karāchi, Sindh, Pakistan

    Sona Corp is a third-generation family-owned business which traces its roots back to the 80s.with a multibillion Rs paid-up capital. The Company invests across public & private equity markets, real estate, venture capital, and other businesses (Local and abroad).Job Description: Responsible for leading and directing the financial processes, reporting, taxation

• 

  Rastgar Air Compressors

  • Karāchi, Sindh, Pakistan

  • Chief Financial Officer

    • Jan 2022 - Dec 2022
    • Karāchi, Sindh, Pakistan

    Machineries & Equipment, importer, assembler Projects contractor, EPC installation,commissioning, Service SLAs, rental. The Co. in business since 1980 & specializing in the distribution of Air Compressors, Dryers, Filters, Blowers, Vacuum Pumps, Nitrogen Medical Air Equipment, Hyundai Material Handling equipment &.Buhler Rice MachinesMore than 4000 installations in all industrial sectors of Pakistan together with Rastgar service & support facilities.Provides strategic financial input & leadership on decision making issues affecting the Co’s strategic development plans.•Monitors the overall financial performance, anticipated costs / revenues, excesses / deficits, areas of unsatisfactory performance & potential performance improvement opportunities.•Ensures completeness, accuracy & timeliness of all financial record, reporting, annual audit reviews, dealing with tax authorities & ensuring compliance with all direct tax (Income tax) and indirect tax (Sales / VAT tax) •Provides advice for cash flows management & working capital with functional heads to ensure liquidity for the Co’s operations. •Implemented new reports of profitability of each divisions using Activity Based costing (ABC method) for better decision making by management.•Maintain and develop relationships with banks, for arrangement of funding and non-funding lines (LC, BG,PG,lease, LTL) & renewals.•Collaboration in complex bids or tenders with sales & service divisions, contract & project management, controlling of imports operations, assembling cost.•Makes people development, succession planning•Develop & manage budgets & business plans, using DCF, NPV, IRR, payback breakeven techniques.•Gives proactive contract-related advice, resolves commercial problems, Contract negotiations, involved in BOQ preparation & analyze project revenue & cost using percentage of completion method.•Recommends risk management policies, risk appetite•Analyzing captured data & prepare presentations & analysis.

• 

  Self-employed

  • Karachi, Pakistan

  • Partner

    • Jul 2018 - Feb 2022
    • Karachi, Pakistan

    To manage all the commercial, financial and taxation aspects of business.

• 

  Greaves Pak, Ghulam Faruque Group of Companies

  • KARACHI

  • Assistant General Manager Finance

    • Aug 2004 - Jul 2018
    • KARACHI

     Assist CEO, CFO and BOD in decision making process and assessment of feasibilities of new businesses /products. Interaction with foreign & local trade Principals on commercial business terms. Responsible for strategic financial management advice, financial controlling, budget preparation, overseeing and assistance to external auditors, insurers, tax and legal consultants, lawyers, custom agents and bankers. Supervise the ERP implementation and any amendments concerning the IS. Involved in formulation of various policies & procedures related to all functions and division of Company. Budgeting, Forecasting, Cost Control & Costing Analysis, Management Reporting & Cash Flow Management. Develop cash flow projection and reporting mechanism that includes minimum cash threshold to meet operating working capital requirements Oversee all accounts, ledgers, and reporting systems, preparation & communication of monthly, quarterly and annual financial statements, ensuring compliance with appropriate Generally Accepted Accounting Principles, regulatory requirements. Assist with the annual renewal of insurance policies and review risks for insurance coverage. Oversee Filing of returns and attending tax authorities for assessments, audits and appeals of Income tax, sales tax and Sindh service tax.  Ensure that Project cost control is performed accurately, timely and completely, including project management reporting Calculate product cost and explore ideas to bring cost per unit minimum as compared to the competitor’s products. Also ensure that stock level is monitored and optimized Support operation department to identify & discuss the budget Vs actual performance of each business unit along with detail justification and provide constructive ideas for cost reduction, improve efficiency and tax related issues in daily operation. Review tender contracts and tender costing before participation to ensure strictly in line with companies business policies.

• 

  KARACHI GREEN BUS COMPANY

  • KARACHI, PAKISTAN

  • Manager Finance

    • 2002 - 2004
    • KARACHI, PAKISTAN

     Since the establishment of company I was part of the strategic team and involved in preparing the feasibility for the fleet of 300 large urban transport buses, introduced first time in city. Supervise preparation of monthly and annual profit & loss accounts and Management information systems. Supervise and implement the Revenue Control Systems & Procedures as well as assist consultants in developing Moder Ticketing System which ensure the control and monitor performance of each trip revenue and cash receipts. Analyze and interpret business performance and provide appropriate advice to aid decision making, with coherent explanations of performance;  Prepare Actual vs Forecast Report on monthly basis and to analyze/explain variances in detail enabling management to define and implement the feed forward controls; Preparation of Cash Flows forecasts, Cost Estimates, fuel consumption Controls & Budgets.

• 

  Federal Board of Revenue (FBR), Karachi

  • Karachi

  • Auditor

    • 2001 - 2002
    • Karachi

    Responsible for conducting Sales tax audit of registered taxpayers in compliance with Sales tax laws and rules Investigate cases via interviews, visits and research by using different technical reports and research material to ensure that the prevailing sales tax regulations are correctly observed. Preparing of Stock Movement and revenue reports and Reconciliation with monthly sales tax returns. Represented with my immediate supervisor before the tax tribunal for hearing of notices.

• 

  PREMIER DISTRIBUTORS LIMITED

  • Karachi

  • Assistant Accountant

    • 1998 - 2001
    • Karachi

    Responsible for bookkeeping and Bank reconciliation on monthly basis