Irfan Bashir

Contributed to financial due diligence in a USD 400 million acquisition, analyzing key financial metrics and risks.

Assisted in the review of the Share Purchase Agreement and bid value for the acquisition.

Collaborated with financial consultants to assess synergies and conduct comprehensive business valuations.

Led the implementation of revaluation model for passive network assets in SAP, ensuring accurate reflection in financial statements.

Engaged in implementation of the Network Project Structure module in SAP, improving project reporting.

Ensured efficient project closures, realizing cost savings of PKR 160 million across 2023 and 2024.

Conducted monthly reviews and prepared management reports on asset capitalization, capital work-in-progress, and disposals.

Coordinated with IT teams to optimize SAP/financial information systems at the group level through regular updates and improvements.

Led internal and external audits for the Group Fixed Assets Department, ensuring compliance and accuracy in financial reporting.

Developed a monitoring tool and dashboard for the fixed assets function, enhancing stewardship and control processes.

Led efforts to ensure timely achievement of project milestones, including Construction Start Dates and Notices to Proceed in respect of project worth of USD 100 million.

Managed the registration of primary EPC contracts (valued at approx. USD 60 million) with authorized dealers in compliance with State Bank of Pakistan (SBP) regulations.

Secured SBP approval for a foreign advance payment of USD 6 million to the primary EPC contractor, facilitating smooth project execution.

Obtained withholding tax (WHT) exemptions for foreign payments to lenders and suppliers, resulting in savings of approximately USD 1 million.

Conducted a critical analysis of legacy records, leading to the successful rectification of sales tax receivables in compliance with tax laws.

Other roles and responsibilities:

Financial reporting and managing key accounting matters including IFRS for 04 operating/project companies

Corporate budgeting, cashflow management and analysis

Management reporting, to group accounting, consolidation, and global financing reporting teams

Managing and ensuring monthly, quarterly, and annual income tax and sales tax compliance

Ensuring grant of WHT Exemptions for foreign payments to suppliers and service providers

Managing tax exposure, cohesive business operations and PE risks, and assessment thereof

Managing registration of offshore contracts with State Bank of Pakistan through authorized dealers

Managing secretarial compliance and corporate reporting matters

Managing project’s due diligence audits and external/statutory audits

Developed a consultancy company

Provided corporate tax, accounting and assurance services to power sector and public sector entities

Modification of FBR online portal enabling GST claim by AJK registered company in Pakistan

Closure of litigation/tax cases in Islamabad High Court/FBR

Integration of FAR module with financial reporting system

Automation of financial reporting schedules and management reports

Preparation of monthly, quarterly, and annual financial statements in compliance with IFRS/SECP requirements

Conducting annual, half yearly statutory audits and internal audits

Preparation of monthly and quarterly reporting packs for BOD, Audit Committee, and higher management

Preparation of annual income tax returns for both Pakistan and AJK

Representing the company at various forums including CIR (Appeals) and Appellate Tribunal

Preparing response to notices, appeals, rectifications, writ petitions for tax department

Preparation, compiling, filing statutory returns with Securities and Exchange Commission of Pakistan

Responding to queries raised by the Securities and Exchange Commission

Preparing monitoring report and conducting periodic audits through DOE

Involvement in verification, certification by DOE and sale of CERs,

Renewal of crediting period with UNFCCC and verification thereof

Employees Benefit Funds Management (Gratuity and Provident Fund) and audit thereof

LC issuance processing, Tax exemption applications, marine insurance placement etc

Custom/import clearance, managing delivery of equipment and dealing with tax/custom authorities

Payroll Processing, maintaining stores and spares record and fixed asset register

Preparation of annual financial statements in compliance with IFRS/SECP requirements

Finalization of annual/monthly Income / Sales Tax Returns

Payroll, Employee Benefit Funds Management and Vendor payments/reconciliations

Audit and assurance assignments:

International Assignments:

Annual audit of LCC KSA Branch & LCC Telecom – Dec 2012

Annual audit of Digital Globe Services Incorporation – Jun 2012

Annual group audit of DGS Limited in Jun 2013

Listed Entity:

Statutory audit of Wah Nobel Chemicals Limited –Jun 2010

Public Sector Entity:

Statutory audit of Government Holding (Private) Limited – GHPL 2012 & 2013

Banks and Financial Institutions:

Statutory audit and half yearly review of Zarai Taraqiati Bank Ltd – ZTBL Dec 2011

Statutory audit of SME Bank Ltd – Sialkot Branch Dec 2011

Private Sector (Statutory audits):

Akbar Associates (Pvt) Ltd – June 2010

Konnect Holden (Pvt) Ltd (KHL) – June 2011

Mogh Ltd–June 2012

Virtual World (Pvt) Ltd–June 2013

Ibex Global Solutions (Pvt) Ltd – June 2013

DGS (Pvt) Ltd – June 2013

Eminence Systems (Pvt) Ltd – June 2013