History
KPMG Taseer Hadi & Co was formed in 1969, when the global accounting firm KPMG and Taseer Hadi joined hands to formally begin operations in Pakistan.
International Affiliations
KPMG was established in 1887 as a result of the merger between Peat Maverick International (PMI) and Klynveld Main Goerdeler (KMG) and their individual members. The name, KPMG, is taken from the initials of the four founding members of this firm namely, Piet Klynveld, William Barclay Peat, James Maverick and Dr. Reinhard Goerdeler. Each of the founding members successfully ran their own accounting firms before the inception of KPMG.
Services Provided
Contrary to popular belief, accounting firms have a diversified portfolio of …show more content…
Moreover, KPMG has introduced Dynamic Risk Assessment which uses various mathematical techniques, algorithms, actuarial theories and data analytics to identify and minimize the risks that can adversely affect a company’s performance.
(ii) Tax
KPMG provides its clients with tax advisory services which includes tax filing, developing tax strategies to comply with the reforms in tax laws and assessing company’s systems to ensure that they fulfill requirements for multijurisdictional reporting.
(iii) Advisory
KPMG offers management consultancy services to develop strategies to cope with the evolving nature of the businesses. It helps firms optimize business operations by integrating Information Technology into business processes. KPMG helps its clients in creating and sustaining value by offering consultation services on brokering deals and acquisitions of different …show more content…
It has successfully captured a large market base by the virtue of being the first microfinance institution, which has undoubtedly made it a market leader in the micro-finance market. However, since the past few years many well established banks such as Standard Chartered, Bank of Khyber, First Women Bank and the Citibank have taken a keen interest in the microfinance sector. Although such banks have numerous resources to operate on a scale much larger than Kashf, the reason Kashf might be able to survive such fierce competition is their extremely low interest rates. Moreover, there has been an influx of a number of microfinance banks which includes Khushali Bank and Tameer Bank which would prove to be a strong competition for Kashf Foundation as they are replicating the latter’s operational