Industries

Banking, Insurance & Financial Services

Financial institutions answer to regulators, auditors, depositors and policyholders at the same time. Reporting must be precise, controls documented and AML/CFT frameworks able to withstand inspection.

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The challenges

Common challenges for banks, insurers and other financial institutions

Expected credit loss models under IFRS 9 — staging, assumptions and documentation that stand up to review
IFRS 17 for insurers and takaful operators — data, systems and new disclosures
SBP prudential regulations and SECP rules for NBFCs, modarabas and insurers, with frequent regulatory returns
AML/CFT obligations — risk assessments, customer due diligence, sanctions screening and suspicious transaction reporting
Board, audit committee and internal control expectations across the three lines of defence
Accounting and trustee reporting for provident, gratuity and pension funds

Across borders. Part of a group regulated in more than one country? Our advice takes account of the frameworks that apply to the rest of your group — the CBUAE, DFSA and ADGM in the UAE, SAMA and the CMA in Saudi Arabia, and the FCA and PRA in the United Kingdom — and we coordinate with locally licensed professionals where a filing must be made locally. Jurisdictions we cover

How we help

How our service lines support banks, insurers and other financial institutions

Accounting & Financial ReportingIFRS 9 and IFRS 17 support, regulatory returns and financial statements Corporate AdvisoryInternal audit, risk and controls reviews, and due diligence Corporate Law and Secretarial CompliancesSECP licensing and filings, AML/CFT compliance and board secretarial support IT ConsultingIT governance and cybersecurity reviews against SBP and SECP requirements Taxation and Related Advisory ServicesBanking company taxation under the Seventh Schedule, withholding obligations and sales tax on services

Knowledge Bank

Useful guides

Accounting & Reporting18 August 2026 · 2 min read

IFRS, IFRS for SMEs or AFRS for SSEs: Which Framework Applies to Your Company?

Your company's size and public interest decide how it reports. A guide to the classification and the frameworks — and what changes when you cross a threshold.

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Business & Investment15 September 2026 · 2 min read

Setting Up a Business in Pakistan as a Foreign Investor or Overseas Pakistani

Subsidiary, branch or liaison office? The structures available, the regulators involved and how to keep the door open for repatriating profits.

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Corporate Law & SECP2 October 2026 · 3 min read

How to Register a Private Limited Company in Pakistan with SECP

Company type, name, documents, online filing and the first 90 days after incorporation — a clear path from idea to a registered company.

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Sales Tax & E-invoicing22 September 2026 · 3 min read

PRAL, Licensed Integrator or Your Own System? Choosing Your FBR E-Invoicing Route

Four ways to meet FBR's digital invoicing requirement, compared on cost, control, privacy and effort — plus the questions to ask any software vendor.

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Enquire

Discuss your business with us

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