Experience

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  • Proprietor

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  Muhammad Mustafa Rahim & Company

  • Karachi, Pakistan

  • Proprietor

    • Apr 2017 - Present
    • Karachi, Pakistan

    Tax & Corporate Consultants, Legal Advisors & Associates,

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  Sheikh Mustafa Consultants

  • Karachi

  • Director Taxation & Allied Laws, Fraud Detection

    • Jan 2009 - Present
    • Karachi

    All Tax Directors Responsibilities with Develop and maintain internal controls alongwith Manage all Federal, Provincial and local tax examinations.Create and implement preventive measures to stop frauds. Investigate any suspicious activity and report to management immediately. Perform fraud investigations and submit reports to the concerned manager. Perform product review to identify any vulnerabilities. Conducts investigations relating to suspected benefit payment fraud as assigned by superior or obtained from district/client/local office staff.Maintain fraud analysis models to improve efficiency and effectiveness of company systems. Examine fraudulent activities and process claims for clients. Perform issue resolution and decision making related to fraud detection activities. Questions suspects, parties and witnesses relating to alleged violation, and makes recommendations for corrective action. Takes sworn statements and depositions for administrative and judicial hearings. Examines business, personal or public records and documents to obtain and verify information.Obtains subpoenas to assure both suspects and witnesses attend court proceedings alongwith its liasion.Summarizes and prepares reports and evidential material for court testimony after first deciding whether or not to seek out indictments. Consults frequently with prosecutors on cases going to both district and superior courts. Prosecutes a limited number of cases each year in district court, presents cases before administrative hearing boards and tribunals and/or testifies in court as a witness. Reviews criminal records on convicted parties in order to make judgments on plea bargaining and sentence recommendations.

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  Institute of Internal Auditors Pakistan

  • 3rd Floor, Standard Chartered bank, after Liberty Chk,Near Kashmir Road, Karachi

  • Board of Governer of Karachi Chapter

    • Jan 2009 - Present
    • 3rd Floor, Standard Chartered bank, after Liberty Chk,Near Kashmir Road, Karachi

    Being a Part of BOG of CIA- Karachi Chapter, was a part of Numerous Committees like Cultural & Wing, Seminar Committees and Taxation & Laws etc. was involve in BOG Committee Decisions and used voting rights.

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  Karachi tax bar association

  • Karachi

  • Librarian

    • Apr 2019 - May 2020
    • Karachi

    Elected and Role as Librarian

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  Rahim Iqbal Rafiq, Chartered Accountants

  • Plot No. 180-A, S.M.C.H.S, Karachi

  • Assistant Director Taxation & Allied Law Matters

    • Jul 2009 - Mar 2017
    • Plot No. 180-A, S.M.C.H.S, Karachi

    Tax issues have made their way into the boardroom, shifting the role of the tax director from tax specialist to business manager.Responsible for the Client’s tax compliance, tax planning and accounting for income taxes & sales Tax issues. Being a responsibility work with businesses, service providers, and other tax professionals in carrying outBeing a responsibility work with financial management within the Company and third party service providers. Responsible for completion of federal, international and provincial income tax returns, service taxes, slaes taxes including all related analysis and support.Oversight of the tax returns for the Client’s international subsidiaries.Responsible for use and property tax functions.Responsible for tax audits of federal and provincial taxes and other local filings.Responsible for accounting for income taxes in the PK and International subsidiaries.Responsible for transfer pricing and management fee arrangements.Liaison with operating management of clients on tax issues and accounting staff on tax accounting issues.Ensuring that appropriate internal controls are in place over accounting for income taxes.Departmental liaison with IT staff on all technical matters relating to tax applications.Assisting the Treasurer with tax planning issues as required.Assist the Treasurer in estimating and monitoring annual cash taxes.CLIENTS-------------Arif Habib GroupPangrio Sugar Mills LimitedMirza Sugar Mills LimitedSindh Abadgars Sugar Mills LimitedAdam Sugar Mills LtdHanif Rajput GroupUniversal Electric GroupPakistan Ready made Garments Manufacturers AssociationMarcus Evan GroupKarachi Seeds Grain FoodsMemon Group of ConstructionsACE Securities (Pvt.) LtdA.I. Securities (Pvt.) LtdDeedhi Bros GroupBegum Aisha Bawani Welfare TrustBawa Securities (Pvt) LtdCosmopolitan TextilesGiltexGul TradingHabib Karwan-e-Haram Pvt LtdIqra Rozatul IttefalKhas TextilesFazal Textile Millsand many more

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  Khalid Majid Rahman Sarfaraz Rahim Iqbal Rafiq, Chartered Accountants

  • S.M.C.H.S, Karachi

  • Audit & Management Trainee

    • Jul 2005 - Jun 2009
    • S.M.C.H.S, Karachi

    Performing the overall responsibility of job finalization from planning to execution of client. As a business and financial analyst performing income and worth estimation report to clients, • Evaluating credit risk exposure and liquidity problems• Improved performance; effectiveness and efficiency of finance department through implementation of innovative approaches to analysis, data gathering and modeling activities. Planned and led audits performed risk analysis and assessment, directed audit team of audit steps (COSO-based), wrote audit reports including remediation plans. Managed and Performed detailed financial statement analysis – P&L, Balance Sheet & Cash Flow responsibility. Demonstrated exceptional performance and solid conceptual and operational skills permitting for in-depth understanding of all business issues and impacts of the business changes on the financial performance of the organization.- Initiated Audit work &Reviewing the company’s systems, internal controls & analyzing risk. Proactive work for systems’ improvement & Compliance of company policies by Post and Pre audit. Leading Team for physical verification of stocks, stores & spares, maintenance of proper stock levels. Conducted physical count of fixed assets, tagging thereon and maintaining fixed asset register. Cycle count duties which include verification checks and investigations on large variances. Auditing and monitoring daily production output. Investigation of variances and controls including non-variance spot checks. Perform daily walk-through at various warehouses to ensure systems are in place. Ensure staff are properly trained to perform tasks with Planning and conducting professional management system audits.Generating ideas to maximise assignment profitability with identifying areas of potential efficiency improvements. Promote controls and sound risk management, Identify any gaps in controls and make practical recommendations

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  Rahman Sarfaraz Rahim Iqbal Rafiq, Chartered Accountants

  • S.M.C.H.S, Karachi

  • Tax Supervisor

    • 2003 - 2005
    • S.M.C.H.S, Karachi

    • Attend Commissioner (Appeals) and Appellate Tribbunal case independently•Consult Senior Tax Managers • Checked Books of Accounts/ Financial Statements • Preparation Tax Calculation and monitor Filling of • Assisting to Tax Consultant • In-House / On the Spot Tax Audit • Managing shifts, staffing • Controlling the service quality • Training of the new Trainees, coaching• Ability to create an efficient and friendly team of trainees• Preparation of Books of Accounts/ Financial Statements • Ledger Postings, Book Keepings• Cash Book / Petty Cash Book preparation• Assisting to Tax Consultant• In-house Audit of Clients• Filling Manual Income Tax Returns / Quarterly and Monthly Statements• Working on Tax Calculations / Quarterly and monthly Statements• Preparation of Books of Accounts/ Financial Statements • Assisting Tax Supervisors

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  Tariq & Taqis - Legal Advisors

  • Karachi, Pakistan

  • Law Supervisor & Trainee

    • Jan 2001 - Jun 2003
    • Karachi, Pakistan

    • Prepartion of Legal documents & Draft Orders of Civil & High CourtsPresentation in various cases of Civil & High Courts, allied matters are as under:-• Rent Laws• Commercial & Property Laws• Family Matters• Corporate & Company LawsDealt with the numerous clients of different industries. Interview individually with clients, investigate cases and prepare written documentation. Worked as assist to the attorneys Mr. tariq Mehmood, Advocate High Court and Mr. Bux Deno Mal, Barrt. at Law. In this capacity, required to perform a variety of works filing paperwork, drafting letters and conducting research. Had an opportunity to work in a legal environment while learning the various functions of an attorney, a paralegal, a private investigator and others in legal positions.Being Supervisor doing so may also be relied upon to assure that certain contract standards are met and that budgets are adhered to.