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Chartered Accountants and Audit Firm in Karachi
WDS Chartered Accountants is an ICAP registered firm providing statutory audit, tax, SECP compliance and advisory services to businesses in Karachi. Karachi is Pakistan's largest city and commercial capital, home to the Pakistan Stock Exchange, the State Bank of Pakistan, the main seaports and the head offices of most banks, insurers and multinationals.
- ICAP registered firm
- Partner-led engagements
- Fixed-fee proposals
Audit and accounting services in Karachi
Karachi is the country's commercial capital, with the Pakistan Stock Exchange, the State Bank of Pakistan and most bank and insurer head offices. Accounting work here is shaped by listed company requirements, port based trade and large import and distribution businesses.
WDS supports Karachi clients through scheduled fieldwork visits and secure remote review. Our insurance and IFRS 17 experience is particularly relevant to the city's financial services sector.
Import heavy businesses with complex costing
Importers and distributors in Karachi often carry large inventories, landed cost calculations and customs related tax deductions. We review costing, inventory valuation and withholding positions so the accounts and the tax return agree.
What do Karachi businesses need from their accountants?
IFRS 9 and IFRS 17
The concentration of banks, NBFCs and insurers makes complex financial reporting standards a daily concern.
SRB services tax
Service providers file with the Sindh Revenue Board while their goods-related tax sits with FBR.
Import and customs
Traders face withholding at import stage, customs valuation and inventory audit issues.
Which industries do we serve in Karachi?
Our partners tailor audit procedures, tax reviews and reporting to the sectors that shape Karachi's economy.
- Banking and financial services
- Insurance and takaful
- Import, export and logistics
- Textiles and chemicals
- Pharmaceuticals
- FMCG and retail
Tax and regulatory framework for Karachi
Karachi businesses register companies with SECP, file income tax and sales tax on goods with FBR, and account for sales tax on services with the Sindh Revenue Board (SRB). Read more about compliance across Sindh or our tax advisory and FBR compliance service.
- Sales tax on services in Sindh is collected by the Sindh Revenue Board under the Sindh Sales Tax on Services Act 2011.
- A high concentration of listed companies, banks and insurers in Karachi means IFRS 9, IFRS 17 and corporate governance requirements are particularly relevant.
Our services in Karachi
Financial Reporting and IFRS in Karachi
IFRS statements, IFRS 9 ECL, IFRS 16 and IFRS 17 implementation.
Audit and Assurance in Karachi
Statutory, external, internal and special purpose audits under ISA.
Tax Advisory and FBR Compliance in Karachi
Income tax, sales tax, withholding, tax planning and FBR representation.
Risk Advisory and Internal Controls in Karachi
ICFR reviews, SOPs, risk frameworks and fraud risk management.
Outsourced CFO and Business Advisory in Karachi
Fractional CFO, budgeting, cash flow, valuations and feasibility studies.
Nearby locations we serve
Questions from Karachi clients
Can a Lahore firm be the statutory auditor of a Karachi company?
Yes. ICAP registration is national, so we can be appointed as auditor of a company registered anywhere in Pakistan.
Do you have IFRS 17 experience for Karachi insurers?
Yes. Our partner Umar Farooq specialises in IFRS 17 implementation for the insurance sector.
Do you support Karachi insurers with IFRS 17?
Yes. Our partner Umar Farooq leads IFRS 17 work, including measurement model selection, transition calculations and disclosure preparation for insurers and takaful operators.
Can you handle Sindh Revenue Board filings for our Karachi company?
Yes. We manage SRB registration, monthly returns and notices, and reconcile them with your FBR sales tax and income tax filings.
Can WDS handle SRB compliance from Lahore?
Yes. SRB registration and returns are filed electronically, and we manage them alongside your FBR and PRA obligations if you operate in more than one province.
Your first consultation is free.
A partner will review your requirements and outline a clear path forward. No sales pitch, no obligation.