A consulting firm or a consultancy is a service providing business consisting of a panel of experts or consultants who offer professional advice to a person or an organization at a specific cost or fee.

A consultant is an individual who is adept in his or her field and is experienced and qualified enough to attend to the needs of his clients.

A consultancy firm basically targets the company’s executives and provides them with consultants often referred to as industry specialists.

They are the ones to guide down the company’s plan of action in order to achieve the company’s objectives or make up a strategy before the start of a new project. A consulting firm might also come handy in the time of crisis.

List of Top 5 Local Consultancy Firms and their Specialties

(The list is in alphabetical order)

Advis Consulting

Advis Consulting provides services in the field of audit, tax, outsourced accounting, risk advisory and consultation services regarding all financial matters.

Specialization:

Registration of Non-Profit Organizations (NPO) or Non-Government Organizations (NGO). They help registering:

• Security Exchange Commission of Pakistan (Section 42 License)
• The Voluntary Social Welfare Agencies (Registration And Control) Ordinance 1961
• The Societies Registration Act, 1860
• The Trust Act, 1882

 They not only get them registered but also help the organization meet the licensing criteria of Section 42 registered companies.

Fazal Mahmood & Company

They provide services in the field of audit, accountancy & administration, taxation, consultancy services, management advisory services and feasibility studies, evaluation of systems of accounting and internal controls, compliance with statutory requirements and professional advise on different corporate matters.

Specialization:

Income Tax and Refunds

The taxation services they specialize in are:

• Attending hearings and assisting clients in preparation of information and explanation for submission to the tax authorities and dealing with matters leading up to finalization of assessment
• Filing and dealing with appeals before the appropriate tax authorities
• Advising clients on tax planning and on specific tax problems
• Conducting tax audits to ensure the compliance of provisions of tax laws
• Obtaining tax exemption certificates
• Obtaining tax refunds.

Riaz and Co.

They are a full-service licensed Accounting firm. They offer services from one-on-one guidance to a comprehensive financial plan that helps manage risk, improve performance, and ensure the growth and longevity of a client’s wealth.

Specialization:

ERP Implementation:

They help with certified project management focusing on risk, scope, cost, time and resources and comprehensive process re-engineering, incorporation of LEAN methodologies and other industry-specific skill sets, improving technical infrastructure, and aligning ERP with organizational requirements.

Suriya Nauman Rehan & Co.

Suriya Nauman Rehan & Co., provides services in the fields of Finance, Contracts Management, Taxation, Accounting, Auditing, and Corporate.

Specialization:

Dispute Resolution Services

When commercial disputes arise,they administer procedures as an alternative to litigation for resolving domestic and international disputes. They provide completely neutral services to anyone: from individuals and private sector enterprises to states and state entities.

Tariq Mian Ramzan Arshad & Co.

Tariq Mian Ramzan Arshad & Co. is a firm of Cost & Management Accountants, Consultants, Legal Advisors& Auditors providing quality services in the areas of Cost & Financial Accounting, Audit, Tax & Corporate Compliance, Human Resource Management & Training, Management Consulting, Business Management, Quality Management, Research & Development, and Informational Technology services.

Specialization:

Cost and Managerial Accounting

Under the Companies Act, 2017, it is necessary to maintain cost records of notified entities as may be required by the concerned regulators. The help the organizations through the internal specification of managerial accounting in support of planning, controlling and directing, key production components like direct material, direct labor and factory overhead so that they can make good economic strategic decisions.

Conclusion

These 5 firms are the top consulting firms of Pakistan. All of them are local and in these testing times we should always avail services and promote businesses that are widely recognized but are local with a proven record. They are not only the best in providing superior services to their clients in their fields, but also nurtures their employees with unparalleled experience and knowledge, and inculcates valuable work ethics.