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Chartered Accountants and Audit Firm in Faisalabad
WDS Chartered Accountants is an ICAP registered firm providing statutory audit, tax, SECP compliance and advisory services to businesses in Faisalabad. Faisalabad is Pakistan's textile capital, with spinning, weaving, processing and garment units that make up a large share of the country's textile exports, alongside agriculture-based industries.
- ICAP registered firm
- Partner-led engagements
- Fixed-fee proposals
Audit and accounting services in Faisalabad
Faisalabad is Pakistan's textile capital, with spinning, weaving, processing and garment units that supply both export buyers and the domestic market. Many are family owned groups running several mills.
Textile accounting involves heavy fixed assets, energy costs, sales tax refunds and export documentation. WDS partners know these issues well and visit Faisalabad for audit fieldwork and stock counts.
Stuck sales tax refunds and inventory valuation
Exporters frequently have refunds pending with FBR and large stocks of yarn, greige and finished fabric. We reconcile refund claims, support valuations with costing records and prepare the evidence FBR asks for.
What do Faisalabad businesses need from their accountants?
Export sales tax refunds
Textile exporters depend on timely sales tax refunds and clean input tax records.
Cost audits
Mills need reliable product costing to protect margins under volatile cotton and energy prices.
Foreign buyer audits
International brands increasingly ask suppliers for audited financial statements and compliance evidence.
Which industries do we serve in Faisalabad?
Our partners tailor audit procedures, tax reviews and reporting to the sectors that shape Faisalabad's economy.
- Spinning and weaving
- Textile processing and dyeing
- Home textiles and garments
- Agro-processing
- Chemicals
- Engineering
Tax and regulatory framework for Faisalabad
Faisalabad businesses register companies with SECP, file income tax and sales tax on goods with FBR, and account for sales tax on services with the Punjab Revenue Authority (PRA). Read more about compliance across Punjab or our tax advisory and FBR compliance service.
- Sales tax on services in Punjab is collected by the Punjab Revenue Authority under the Punjab Sales Tax on Services Act 2012, with monthly returns filed on PRA's e-portal.
- Exporters in Punjab often deal with sales tax refunds, export facilitation schemes and foreign buyer audits, all of which depend on clean records.
Our services in Faisalabad
Specialized Industry Audits in Faisalabad
Cost audits, NGO and donor audits, construction and OGRA compliance.
Tax Advisory and FBR Compliance in Faisalabad
Income tax, sales tax, withholding, tax planning and FBR representation.
Audit and Assurance in Faisalabad
Statutory, external, internal and special purpose audits under ISA.
Risk Advisory and Internal Controls in Faisalabad
ICFR reviews, SOPs, risk frameworks and fraud risk management.
Questions from Faisalabad clients
Do you conduct cost audits for textile mills?
Yes. We review costing systems, overhead absorption and yield to give mills an accurate view of product margins.
Do you conduct stock counts for Faisalabad textile mills?
Yes. Our audit team attends year end stock counts at mills and warehouses and tests valuation against production and costing records.
Can you help a mill restructure into separate companies?
Yes. We advise on group structuring, SECP filings and the tax effects of transferring assets between family companies.
Do I need to register with PRA if I provide services in Punjab?
If you provide taxable services in Punjab and exceed any applicable thresholds, registration with the Punjab Revenue Authority is required, separate from your FBR registration.
Your first consultation is free.
A partner will review your requirements and outline a clear path forward. No sales pitch, no obligation.