Khalis Group is a market leader in Solvent Extraction and manufacturing of Ghee, Cooking Oil and recycled fiber. The companies working under Khalis Group make environment friendly and hygienic products for its B2B clients as well as end consumers.
>Direct Dealing with Banks for Funds Raising and Managing Short Term (FIM, FATR, Murabaha, Istisna, CF Pledge, WCL, SLC & PAD) & Long-Term Capital Lines of PKR 20 Billion;
> Planning weekly, monthly and quarterly budgets;
> Planning for Cash and Liquidity Management, Working Capital Management and smooth working of all Banking operations;
> Supervise & Checking Documentation related to Financing (LAF, BBFS, FAL, MOTD, TRM, Ranking Charge & JPP Charge, Agreement of Finances, Monthly stock report, Aging of Receivables, Monthly Stock Position (Pledge), Quarterly Management Accounts and Daily Borrowing Outstanding Position;
> Bank dealings for Treasury/Forex matters, FCY Payments under LC, LCY Cash & Bank Transactions
> Quarterly/Transactional Calculation & verification of Markup with Bank's working;
> Make payment schedule and arrangement for Retirement of LC and payment to Foreign Vendors;
> Restructuring of Existing Financial Facilities of some of Banks;
> Debt Property Swap transaction with a bank against outstanding loan;
> Valuation of Fixed Assets of the Companies and Personal Properties of the Directors;
> Supervision and review of Bank guarantees issued by the Bank & Reconciliation of Bank Statements;
> Trade and Finance (Import): Managing Annual Import of around PKR 40 Billion. Cushion available for opening of LC, retirement of LC through own sources and Bank finance;
> Corporate Department: To meet requirements of Companies Act 2017, Assisting Company Secretary in convening BOD Meetings, AGM & EOGM. Coordinating in distribution of the Company’s Mortgage Register, Registration of Charge etc

Currently, in IDAP I have worked on the following projects:
• Pakistan Kidney and Liver Institute and Research Center (FINANCIAL SCREENING PROCESS)
• Central Pathology Laboratory Lahore
• 500 Bedded General Hospital – Johar Town - PUBLIC PRIVATE PARTNERSHIP
• Centralized Laundry System of Punjab tertiary care Hospitals
• Novartis Access Program – Global Initiative of Novartis Global
• Radiology Diagnostic Centre at Jinnah Hospital Lahore - PUBLIC PRIVATE PARTNERSHIP

Audit & Assurance

 Planning, execution and finalization of various audit assignments as per the International Standards on Auditing, Corporate laws and other pronouncements of the local regulatory bodies;
 Leading large teams and playing supervisory role through the planning, execution and completion stages of audit;
 Supervision and review of work performed by team members;
 Devising system documentation and cycles using flow charts;
 Preparation of Financial Statements along with all the disclosure requirements as per IFRS and consolidation of units within organization, and further with subsidiaries and associates;
 Overall analytical review of financial statements;
 Identifying and reporting issues arising during the audit which could lead to prospective qualification and matters to be reported to the Audit committee and BOD along with management letters; and
 Providing basic advisory services to clients in respect of accounting treatment of complex transactions and compliance with secretarial practices and carrying out investigation assignments.

Income Tax & Sales Tax

 Supervising tax compliance work (including withholding tax and corporate income tax);
 Reviewing the work completed by associates;
 Drafting correspondences to the relevant authorities;
 Representing Clients in hearings before Appellate Authorities;
 Preparation of computation of taxable income and tax liability/refunds of the clients;
 E-Filing and Reviewing the Income Tax and Sales Tax Returns of clients including Listed Companies,
Economically Significant Entities, Small Businesses, Partnership Firms and Individuals; and
 On-the-job training and professional development of the staff.

Bookkeeping and Accounting Services

 Preparation of statutory and management accounts comprising balance sheet, profit and loss account, cash flow statement and related notes;
 Supervision of the reconciliation function regarding cash and bank balances, inter-company