About Us

Accountancy Runs In Our Blood

FMC Accountants stands out as a premier advisory firm, delivering a wide range of consulting services to enterprises in diverse sectors. Our skilled team of professionals is committed to assisting clients in reaching their financial objectives through customized solutions designed to address their specific requirements.

With over 40 years of experience, our firm specializes in audit, accountancy and administration, taxation, consultancy, management advisory services, feasibility studies, evaluation of accounting systems and internal controls, compliance with legal requirements, and professional advice on various corporate issues.

Our Vision

Our vision is to make a difference to our clients, our teams and our communities by providing high-caliber audit, accountancy, tax and advisory services in a personal, principled and professional way. Our values define who we are. They are the fundamental beliefs of our global organization. They guide our actions and behavior. They influence the way we work with each other – and the way we serve our clients and engage with our communities.

Our Mission

To be the finest organization in the service industry and to conduct its business in the best possible professional manner. To seek long-term and good relations with our clients. To build a good repute of our institution and maintain high professional and ethical standards with eyes on the future. To conduct business with integrity and strive to make a mark in Financial, Corporate and Management, Human Resource and Information Technology consultancy sectors.

Our Ethics

FMC Accountants adheres to the professional and ethical standards established by the Institute of Chartered Accountants of Pakistan and is dedicated to maintaining confidentiality. We ensure that all information and insights regarding our clients’ business and financial matters are treated with the utmost discretion. To uphold quality control, we implement peer reviews within the firm, along with various other control measures.

Building Financial Trust Through Decades of Expertise

This is our journey, beginning from day one. We have a rich heritage of excellence; continue reading to learn more.

From 1984 To 1990

The company launched its operations in Lahore with an emphasis on grasping the local market dynamics. With a strong commitment to quality and innovation, it earned the confidence of major industry stakeholders, attracted prestigious clients, and enhanced its reputation, paving the way for future expansion.

From 1990 To 2010

From 1990 to 2010, Mr. Fazal Mahmood made significant contributions to the accounting profession, serving as an ICAP Council Member from 1997 to 2005. Throughout his time on the council, he was elected vice president of ICAP on two occasions and participated in various committees, including chairing the technical advisory committee (North). His leadership was instrumental in enhancing accounting standards and establishing his reputation in the industry. Additionally, he was appointed as a director of the Lahore Stock Exchange for the term 1998-2000. Mr. Mahmood also served on the board of directors of PIPFA from 1997 to 2005, where he was elected president. Under his leadership, the organization achieved the esteemed Quality Control Review (QCR) rating from ICAP.

Present

The firm experienced substantial growth, welcoming six new partners and establishing four additional offices, which enhanced both its expertise and geographical footprint. Among the newly appointed partners is Mr. Zafar Iqbal Sobani, a former President of ICAP. The firm also became an independent member of Prime Global, which expanded its global network and strengthened its international collaboration, solidifying its status as a significant player on the world stage. Between 2020 and 2024, the firm broadened its global reach into major financial centers such as the UK, US, Hong Kong SAR, and Singapore. By integrating into the third-party network of Vialto Partners, it further bolstered its international presence, now comprising seven partners, six directors, and a workforce of over 150, marking a pivotal step in its ambition to emerge as a leader in the global financial landscape.

We are licensed experts dedicated to guiding businesses toward achieving financial success. The results we deliver are a testament to our effectiveness.

AUDITS PERFORMED
1100
FINANCIAL REPORTING
1109
MEDIUM SIZED ENTITIES
759
PERSONAL TAX
2158
PAYROLL SERVICES
110
VAT SERVICES
100
CORPORATION TAX
1423
PUBLIC LISTED CLIENTS
8
LARGE SIZED ENTITIES
282

Building Financial Trust Through Decades of Expertise

Meet the people running everything in the background, our elite team of partners. While we do have over 100 employees performing various tasks, these six individuals form the bedrock of FMC.

 

Fazal Mahmood

Founder

Fazal Mahmood qualified as chartered accountant from Jeffreys Henry Chartered Accountants, London (a member firm of JHI) in 1984 from Institute of Chartered Accountants in England and Wales. He is a fellow member of Institute of chartered accountants in England and Wales, the Institute of Chartered Accountants of Pakistan and the Pakistan Institute of Public Finance Accountants. He is also a member of the audit faculty of the Institute of Chartered Accountants of England and Wales.

Sheikh Atif

Partner
Sheikh Atif Farooq qualified as a Chartered Accountant in the year 2001 and is an Fellow Member of the Institute of Chartered Accountants Pakistan. He is also the life member of Lahore Tax Bar Association. He was admitted to the partnership in 2003. He has multinomial experience in his professional career. He has expertise in financial management, Taxation, Budgeting, management consultancy and human resource management and development.

Zafar Iqbal Sobani

Partner
Zafar Iqbal Sobani brings with him over thirty eight years’ experience of working in the manufacturing, power sector and audit profession in Pakistan and in the Middle East. He obtained qualification of Chartered Accountancy and Cost & Management Accountancy in the early eighties from Pakistan. He worked with A.F. Ferguson (PWC) in Pakistan and Ernst and Young, Saudi Arabia.

Faisal Latif

Partner
Faisal Latif is a member of the Institute of Chartered Accountants of Pakistan. He qualified as Chartered Accountant from Tariq Ayub, Anwar & Co; Chartered Accountants and has been practicing since 1998. He has compiled following books and their updations whenever is required in the year; complete income tax law with ready reference, complete sales tax law with ready reference, complete company law with procedures & ready reference, Complete federal excise law with ready reference, Handbook of Tax Laws.

Muhammad Imran Akhtar

Partner
Muhammad Imran Akhtar is a Fellow Member of Institute of Chartered Accountants of Pakistan. He qualified as a chartered Accountant in August 2005. He has also completed his M.com from Hailey College of Commerce Punjab University Lahore in 1998. He has served in senior management roles in various companies. He has experience of almost ten years in the field of audit and financial consultancy both at national and multinational level. He has also worked on projects relating to the World Bank.

Muhammad Arshad

Partner
He is fellow member of ICAP and PIPFA. He qualified as chartered accountant in 2001. He joined his parent CA Firm, Nasir and Co, Chartered Accountants initially as Manager Audit in 1997 and then as Partner (Audit & Management Consultancy). Later in 2004, he set up his own CA Firm, Muhammad Arshad & Co, Chartered Accountants till 2013. During this period, he had the clients from all sectors/industries namely sports goods, surgical instruments, garments, leather products, associations, chamber, dry port, schools/colleges, NGOs, Hospitals, Hotels, etc. for internal/external audit, accounting, tax, corporate and management consultancy services.

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We always try to improve ourselves with continuous learning to provide best service and stay in the competition.

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