RSM Pakistan

Keep yourself abreast and up to date with the impact on the financial sector from the covid-19 crisis. 

Working remotely

As you are all aware that the Provincial Governments have declared lockdowns, of differing magnitude, in each province of the country, We’ll be running skeleton staff at our office but we’re still business-as-usual. We’re just all located somewhere different! Our phone numbers, emails, texts etc remain as they’ve been and you may find, that because we’re restricting the number of face-to-face meetings we’d normally hold, we’ll now do these via Zoom, Skype or similar.

This is a necessary step to take in order to protect the health and safety of our clients, as well as the health and safety of our employees, their families and our communities.

How this will impact our working relationship

Fortunate to be living in the age of technology, we have robust technology in place and are committed to providing exceptional client service, whether through face-to-face meetings or embracing the latest technology remotely. Each of our service lines has established remote working guidelines to help ensure we can continue to work with you and meet your deadlines during this period of challenging circumstances.

In the spirit of transparency, we have asked RSM employees to work remotely from home. As the circumstances change, so we must change to meet our collective challenges and the needs of our valued clients.

We will continue to tailor our approach to meet your specific needs. If you have any questions or concerns about your engagement with RSM, please do contact us at [email protected]

Helping you through disruption

RSM has developed insight and guidance to help you navigate through a rapidly changing global business landscape. Insight from around the world can be found on the Coronavirus global resource centre.

It includes insights on business continuity planning, tax and regulatory guidance, industry impact and economic impact. We know a number of you will be experiencing concerns about your businesses, staff and communities. Please don’t hesitate to contact us with any queries we’ll do our best to help.

We value our continued relationship with you, and we are committed to staying in touch with you as this situation evolves.

We continue to wish you, your teams and your loved ones all the very best.

 

Rolling with the Corona punch

The economic fall out from Corona is going to be massive. According to some experts, the economic impact of the contagion will be much more impactful than the biological impact. The world has gone into a state of suspended animation but only partially. Services that are considered essential are still on-going such as utility companies, pharmacies, grocery stores etc. whereas everything else has been brought to a near standstill by each country's respective government in order to contain the pandemic. This results in a dilemma. How do businesses and individuals alike pay for the essential services in the long run? The pandemic is heavily influencing demand (as can be seen with the sharp reduction for oil globally), supply chains and workforce mobility. Travel bans and changes in consumer behavior are affecting sectors such as logistics, aviation, hospitality, tourism and consumer goods.

Each sector will be impacted in a different way and their path back to recovery will also differ.  At this juncture, the team at RSM Pakistan can assist you in strategically responding to this major disruption. We can, with your indepth knowledge of your business and our expertise, develop a plan and help you execute actions to mitigate risk and minimise the negative effects of the coronavirus fallout.

Covid-19 - Special Package for the Construction Sector

As with our earlier submission on the COVID-19 Pakistan Economic Plan, RSM International's and more particularly RSM Pakistan's purpose in the release of this article is similar. Specifically this article is to provide our valued clients and other interested parties a view of the impact of the governmental package for the construction industry.

The Corona Virus Pandemic and Pakistan's Response

The Corona scourge has hit the country badly. What is worse is that currently an end to the malady is not even remotely visible. The Government of Pakistan and the local administration are at pains to grapple with this unprecedented situation for what right now appears to be an indefinite time.

Covid-19 & IFRS 9: A Guide

The coronavirus pandemic has affected the businesses adversely due to the lock down imposed by the Government to control or minimize the risk of / spread of corona virus. The purpose of this document is to provide guidance to our worthy clients for the implementation of IFRS 9 under the current abnormal circumstances in the light of guidance provided by IASB in its document IFRS 9 and Covid 19 and relief provided by SECP vide its S.R.O. 278 (I)/2020 dated April 1, 2020 for the financial statements of the Entities for the period / year ended on March 31, 2020.