Muhammad Ijaz Syed

CEO/Managing Partner- Huzaima, Ikram & Ijaz (HII) October 2014 till date

A leading law firms that practices in Financial and Legal Consulting with globally recognized publications and articles on fiscal statutes.

Achievements/Projects:

Added 5 largest banks/Financial Institutions & 7 limited liability companies, Increased Retainership Income from Zero (as a startup) to 7 figures/PM.

Contributed in Study by World Bank on Cost of doing business in Pakistan--http://www.doingbusiness.org/contributors/doing-business/Pakistan- Year 2016, 2017, 2018 and 2019

Supported tax case study on TOWARDS FLAT, LOW-RATE, BROAD AND PREDICTABLE TAXES BY HUZAIMA BUKHARI DR. IKRAMUL HAQ-http://www.primeinstitute.org

GCFO and Member Executive Management Board- The City Group- Jun 2013 - Oct 2014

The group consists of 190 local and 20+ international Schools with flagship company The City School Systems (65000+ student body)

Material Achievements

Rebalanced investment portfolio of PKR 1.50B transcended an annual return of 18.95%.

Slashed interest rates by 50 bps resulting in an improved profitability.

Created and deployed structured targets for growth (9% in student body and 16% in fee structure) resulting in an increase of 25% in Revenues and 30% in Profits.

Spearheaded budget with PKR 6.8b revenue and PKR 1.9b profit, surpassed revenue target by 5.88% and profits by 8.7%.

Crafted S2B payment link with SCB connecting Oracle EBS host to host with SCB. Collection automation with UBL utilizing UBL’s B2B encryption software for creating a link with Oracle EBS.

Eluded Income Tax liability of PKR 500m through filing and winning appeals.

Successfully resolved issues with Sindh Employees Social Security Department and saved PKR 1m Per month in liability

Group Chief Financial Officer- Mar 2012- Jun 2013

Magna Group of Companies-A vertically integrated Textile Group with USD 100M annual turnover

Material Achievements

Averted Sales Tax liability amounting to PKR 48m through winning plaints

Successfully negotiated with banks for waiver of export realization charges from 0.07% to zero.

Improved insurance structure saved PKR 1m annual premium.

Formulated & executed business plan for expansion of existing weaving unit (From 288 Looms to 576 looms) doubled the profits

CFO & Company Secretary- Dec 2010 - Mar 2012

Mannan Shahid Forgings Limited-A project of Abraaj Capital UAE-Abraaj Capital and a forging house with 20000MT/year forging capacity through hot and cold coining.

Material Achievements

Diversified steel procurement, sliced material cost by PKR 20/kg on an import of 8, 000, 000 Kgs

Reduced financial cost by PKR 12M/Year by changing borrowing structure to export refinance.

Surpassed budget in terms of EBITDA by 9% and profits by 35%, in financial year 2011.

M Yousaf Adil Saleem & Co. Member firm of Deloitte Touché Tohmatsu. A Swiss verein, one of big four, with 160, 000+ employees globally

Group’s Management Consultant- Sitara Group of Companies June 2000 to Aug 2009
Group consists of 15 Limited companies including 3 listed at all three stock exchanges of Pakistan.

• Group’s Management Consultant- - July 2003 to Aug 2009
• Group Manager (Finance and Tax Division) - June 2000 to July 2003

Manager - S.A.SALAM & CO. CHARTERED ACCOUNTANTS August 1994-June 2000

• Branch Controller/Manager - August 1998 to June 2000

• Audit Trainee - August 1994-August-1998