Anticipated economic trend at the forefront.

Byline: Khalil Ahmed

Interview with Mr Ashfaq Yousuf Tola - President, Tola Associates

Profile:

Professional Accomplishments

Memberships:

* Fellow Member of Institute of Chartered Accountants of Pakistan

* Fellow Member of the Institute of Cost and Management Accountants of Pakistan

* Life Member of Karachi Press Club

* Life Member of SAARC Chamber of Commerce and Industry

* Member of Karachi Tax Bar Association

Key Achievements:

* Presentation to IMF on Single Stage Sales Tax in December 2015.

* Visited Turkey as an official of Government of Pakistan to study Turkish Tax System and authored a report on Turkish Taxation System.

* Knowledge of more than 40 jurisdictions around the globe and co-authored report with Dr. Hafeez Pasha on Sindh Provincial Taxation System.

* International Speaker on Pakistan Economy and Non-Resident Taxation in 2018 and 2019 at Dubai, Abu Dhabi and Jeddah.

* Distinction of passing CA Examinations - Intermediate and Final (both groups together in 1st attempt) as trainee of PWC A. F. Ferguson and Co., Chartered Accountants.

Areas of Expertise:

* Tax Planning and Advisory

* Assurance and Business Advisory Services

* International Mergers and Acquisitions

* Corporate Finance and Investment Advisory

* Due Diligence and Forensic audits

* Financial Product Designing and Launching

* Public Listings and Corporate Affairs

Key Positions:

* Member Board - Privatization Commission, Government of Pakistan (present)

* Chairman - Sub-Committee on Taxation for promotion of Islamic Banking Ministry of Finance, GOP. (2017)

Federal Board of Revenue, Government of Pakistan:

* Chairman Anomaly Committee (2019)

* Member Tax Reforms Implementation Commission (2016 to date)

* Member Tax Reforms Commission (2015)

* Member Tax Advisory Council (2014-15)

* Member Taxation Reforms Co-ordination Group (2011-13)

* Member Revenue Advisory Council (2011)

Institute of Chartered Accountants of Pakistan:

* Member Council, (present)

* Chairman: Fiscal Laws Committee (Taxation), (present)

* Chairman: Anti Money Laundering Committee, (present)

* Chairman: CA Joint Committee, (present)

* Member Investigation Committee, (present)

* Member Examination Committee, (present)

* Member Public Sector Committee, (present)

* Member Overseas Coordination Committee, (2018)

* Member Regional Committee - (Southern Region) (1993-96)

* Secretary of Regional Committee (Southern Region) (1996)

* Member Education and Training Committee, (1994-95, 95-96, 96-97)

* Member...