PRESIDENT Advocate High Court Adv. LLM in International Tax Law

Mr. Muhammad Amayed Ashfaq

Muhammad Amayed read law at the University of London (UK), where-after he went to Birmingham, UK, for his Postgraduate Diploma in Legal Practice Course from Birmingham City University, graduating with a commendation award. Additionally, Amayed pursued a Diploma in Taxation from the Institute of Business Administration, Karachi achieving a distinction. To his credit, Amayed also holds a Master of Laws degree in International Taxation from the University of Amsterdam and IBFD, writing a thesis on how cryptocurrencies should be taxed in Pakistan. The said thesis was written as a student researcher whilst being part of the Cashless Platform Technology Project initiated by the University of Amsterdam. To-date, Amayed has worked in a host of areas of law, including but not limited to; constitutional law, tax law, international tax law, administrative law and civil litigation.

EXECUTIVE DIRECTOR

MR. VIJAY KUMAR – FCA, Executive Director

Mr. Vijay Kumar, FCA, is a fellow member of the Institute of Chartered Accountants of Pakistan having vast experience of more than 24 years at top management positions. Mr. Kumar has served in various capacities in multinationals as well as privately owned Companies. He has immense grip over subjects of Taxation, Corporate Laws, IFRS, Corporate Governance, Financial Analysis, Financial Reporting, Internal Audit, Internal Controls, Budgeting and Treasury and Project Management. His industrial experience brings service expectations and perceptions of the client side to Tola Associates enabling the firm to better serve its clients.

Director Taxation & Advisory

Mr. Muhammad Furqan – ACA

Mr. Furqan, ACA, is a member of the Institute of Chartered Accountants of Pakistan. He has assisted Mr. Ashfaq Tola in delivering presentations to IMF and World Bank team on behalf of Tax Reforms Commission, GOP, held in Dubai on the subject matter of Single Stage Sales Tax. He has been associated with Mr. Ashfaq Tola since 2014 and has been heading Karachi Branch of Tola Associates since its inception. He has also been a member of ICAP’s committee on fiscal laws since 2018 while also being a part of coordination committee for 2020 which presented budget proposals to FBR on behalf of ICAP. He also took part in a couple of panel discussions at ICMAP as a panelist on subjects of budgetary amendments and return filing for tax year 2019.

ACA/Court Attorney/ Special Advisor

Laeeq Siddiqui

Mr. Laeeq is a Chartered Accountant as well as lawyer specializing in corporate, taxation, employment / payroll matters and business regulations. Mr. Siddique holds a Master’s in Law. He carries seven years of experience of working with KPMG Pakistan.

Barrister-at-Law

Mr. Muhammad Asad Ashfaq

Mr. Asad read law from the University of London (UK), where-after, he commenced his post-graduate studies and completed the Bar Professional Training Course from the University of the West of England, Bristol, United Kingdom and was subsequently called to the Bar of England and Wales from the Honorable Society of the Inner Temple. He also holds a certification in Civil and Commercial Mediation from the ADR Group, London; is enrolled with the Sindh Bar Council; and is also a member of the Karachi Tax Bar Association.

Asad has previously worked with leading names in the profession; his legal expertise span over a range of subjects such as, inter-alia, banking and finance law, civil laws, criminal law, constitutional law, administrative law, family law, corporate law, commercial law, and taxation law.

The Legal 500, 2019 Edition, recommends Asad in the area of Dispute Resolution, wherein he is listed as an “experienced, knowledgeable and hardworking lawyer”.

Advocate High Court

Mr. Muhammad Nasir Khan

Mr. Muhammad Nasir Khan is a high court advocate and LLB Hons. (Shahriah & Law) from International Islamic University, Islamabad. He has an extensive experience of 9 years in the field of taxation.

Special Advisor

Muzammil Rasheed

Mr. Muzammil is a taxation, financial and corporate expert. His sectoral experience covers technology, telecom, power, infrastructure, Oil & Gas, financial, manufacturing and engineering. Mr. Rasheed is a Chartered Accountant from Institute of Taxation, United Kingdom as well as Institute of Financial Consultants, Canada alumni. In addition, he is also an active member of Rawalpindi – Islamabad Tax Bar Association. His past experience includes ten years working with Grant Thornton Pakistan, as a Director for Domestic and International Taxation and Regulatory Services.

Advocate

Mr. Asif Ali Jatoi

Mr. Asif Ali Jatoi has read law from the Shaheed Zulfiqar Ali Bhutto University of Law Clifton Karachi in 2020 achieving a GP of over 3. Mr. Asif has also acquired a Bachelor of Arts from the Shah Abdul Latif University Khairpur scoring a first division. He is enrolled as an Advocate of the Lower Courts
and a certified Income Tax Practitioner from the Corporate Tax Office in 2020. At present, he is working with Tola Associates as an Assistant Manager Taxation.

Advocate

Mr. Zeeshan Ali Memon

Mr. Zeeshan Ali Memon read law from from the Shah Abdul Lateef University Khairpur, Moreover, Mr. Zeeshan also has completed a course in Computer literature from ZMCE achieving an Excellence Certificate of Appreciation. He is working with various law firms since 2017, and is currently working with Tola Associates as a Trainee Tax Associate.

Macroeconomic Analyst

Mr. Ahsan

Mr. Ahsan is a Research Scholar associated with the Applied Economic Research Center (Institution of National Capability in Applied Economics), University of Karachi, and Tola Associates. He is responsible for examining Pakistan’s Macroeconomic Indicators and forecasting on the back of both descriptive and Econometric analysis. His area of specialization is the Industrial sector and trade in which he is currently pursuing his MPhil thesis. Moreover, he has been working under Mr. Ashfaq Tola as an Economic Advisor. Earlier, he was associated with SOORTY Enterprise Pvt Ltd a well-known industry in the field of textile, where he oversees the planning of resource allocation, cost management analysis, etc. under Central Planning department.

ITP – Assistant Tax and Head Research

Baria Khushnuma Hashmi

Ms. Baria Khushnuma, a registered Income Tax Practitioner, is currently pursuing Chartered Accountancy from the Institute of Chartered Accountants of Pakistan (ICAP) and simultaneously a degree as a Public Finance Accountant from Pakistan Institute of Public Finance Accountants (PIPFA). She has a prior six-year experience as a tax and sectorial assistant in Mohiuddin and Company, Chartered Accountants. At present she handles SECP, FBR, SRB and PRA statutory returns / statements and also contributes to our Monthly Newsletter “TaxPak” and other related publications.