Audit & Assurance
Statutory and group audit engagements aligned to SaaS, software and platform revenue models.
/ 07 — Industry focus
Technology & software.
Scalable financial, operational, ERP and advisory solutions for startups, SaaS businesses, software companies and technology-driven enterprises — engineered for velocity and control.
/ 02 — Overview
Velocity meets control.
/ Context
Technology businesses operate in fast-paced, rapidly evolving environments that require scalable financial systems, efficient processes and strong operational oversight.
We help organisations align financial systems with business objectives while supporting growth, scalability and operational efficiency.
/ How we support
Sustainable frameworks for long-term growth.
From ERP implementation support to risk assessments and financial advisory, we help businesses build operational frameworks that scale.
Scalable infrastructure.
/ 03 — Capabilities
Our services for technology.
Comprehensive solutions
ERP Advisory & Implementation
Selection, implementation and post-go-live optimisation of cloud and on-prem ERP platforms.
IT Audits & Risk Assessments
ITGC, cybersecurity and infrastructure risk reviews aligned to industry standards.
Financial Modelling
Unit economics, ARR, cohort and three-statement models for fundraising and planning.
Tax Advisory
Cross-border, IP and SaaS tax structuring — including export-of-services regimes.
Internal Controls
Risk-based control frameworks tuned to fast-moving product and engineering teams.
Process Automation Advisory
Automating finance, procurement and reporting workflows across modern tooling.
Startup Financial Advisory
Seed-to-Series financial setup, board reporting and fundraise-ready due diligence.
Business Valuation
409A-style and IFRS valuations for ESOPs, fundraises, exits and intercompany transfers.
Compliance Services
SECP, FBR, SBP and provincial compliance for tech entities and group structures.
/ 04 — Regulatory framework
Technology audit in Pakistan, in practice.
Audit and advisory for Pakistani technology businesses focuses on IFRS 15 SaaS and subscription revenue, the section 65F tax credit on IT and IT-enabled exports, PSEB registration, IFRS 2 stock-based compensation, and SBP foreign-remittance documentation — calibrated for the operational realities of software houses, SaaS companies and venture-backed startups.
FederalFBR for the section 65F tax credit on IT exports, minimum tax provisions and withholding obligations; PSEB for registration; STZA under the STZA Ordinance 2020 for licensed zone enterprises; SBP for foreign-exchange and Form-E compliance.
ProvincialSindh Revenue Board, Punjab Revenue Authority and others for sales tax on services — IT services are treated under specific reduced-rate schedules in most provinces, but classification of bundled services requires care.
Reporting standardsIFRS 15 (subscription, set-up and customisation revenue), IFRS 2 (employee stock-based compensation), IAS 38 (capitalised development costs), IFRS 9 (financial instruments, foreign-exchange exposure on receivables).
Common audit findings
Where tech companies trip.
- 01Revenue recognised at contract signing rather than over the subscription period under IFRS 15.
- 02Deferred revenue and contract-asset balances mismeasured against billing systems.
- 03ESOP fair-value computations without documented Black-Scholes assumptions.
- 04Foreign-exchange gains and losses on export receivables not segregated for reporting.
/ 05 — Frequently asked
Questions we hear from tech founders.
/ 01
Are IT exports really tax-exempt in Pakistan?
IT and IT-enabled services exports were granted a 100% tax credit under section 65F of the Income Tax Ordinance 2001 for tax years up to and including 2025 (the regime has been periodically extended through Finance Acts — current legislative status should be confirmed each tax year). Companies registered with the Pakistan Software Export Board (PSEB) and remitting export proceeds through SBP-approved banking channels are eligible, subject to filing obligations and minimum tax provisions.
/ 02
How is SaaS subscription revenue recognised under IFRS 15?
SaaS arrangements are typically treated as a single performance obligation — the provision of access to the platform — satisfied over time. Subscription revenue is recognised rateably over the contract term. Set-up fees, customisation work and implementation services require separate evaluation: if they don't transfer a distinct good or service to the customer, they're combined with the subscription and recognised over the same period.
/ 03
How does ESOP accounting work for a Pakistani technology company?
Employee stock options are accounted for under IFRS 2 Share-based Payment. The fair value of the option at grant date is expensed over the vesting period, with a corresponding credit to equity for equity-settled awards or to a liability for cash-settled awards. Fair value is typically computed using Black-Scholes or binomial models with assumptions for volatility, risk-free rate and expected term — all of which require careful documentation.
/ 04
What is the Special Technology Zone (STZ) regime?
The Special Technology Zones Authority (STZA) was established under the STZA Ordinance 2020 to grant fiscal incentives — including ten-year income tax holidays, customs duty exemptions on capital goods, and SBP foreign exchange flexibility — to zone enterprises and developers. Eligible technology companies licensed by STZA can access these benefits, subject to ongoing compliance with the authority's reporting and audit requirements.
/ 05
What SBP compliance applies to receiving foreign payments?
Export proceeds from IT services must be received through SBP-authorised banking channels and reported on Form-E. Realisation should typically occur within 180 days of invoice. Late realisation requires SBP approval. Equivalent rules apply to retention of foreign currency in Exporters Special Foreign Currency Accounts (ESFCA), with restrictions on the percentage that can be retained and the permitted uses of those funds.