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March 16, 2021 2024-11-12 11:25About
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Avotax: Pioneering Global Standards in Accounting and Taxation with a New Institute in Karachi Pakistan.
Avotax, a globally recognized leader in Accounting and Taxation services, has earned its reputation by delivering unmatched financial expertise across five major cities in North America. With decades of experience and an international clientele, Avotax is committed to maintaining the highest standards in the financial services industry. As part of its global expansion, the company has recently launched a Business Process Outsourcing (BPO) office in Karachi, Pakistan, leveraging the country’s vast potential for producing world-class accountants in service Industry
Preparing students to make meaningful contributions to society as leaders in a complex world.
Pakistan’s Continuous Rising Global Recognition in Accounting Services.
For years, Pakistan has been known for its ability to produce some of the finest financial professionals in the world. The Pakistani accountants are highly sought after in various international markets due to their strong technical skills, analytical capabilities, and deep understanding of global accounting standards. Recognizing this potential, Avotax chose Karachi as the location for its new BPO office, anticipating a robust workforce that could uphold its global reputation.
Manpower Challenges in Karachi: The Unexpected Hurdle
Despite the widespread recognition of Pakistani accountants globally, Avotax’s Karachi office has encountered an unforeseen obstacle – a shortage of skilled manpower. The high demand for Pakistani accountants in international markets has led to a significant brain drain, with many professionals opting for lucrative opportunities abroad. As a result, local firms are facing challenges in sourcing qualified talent to meet the growing demands in the domestic market.
This scarcity of accounting and tax professionals in Karachi has highlighted the need for a proactive solution, and Avotax has taken an innovative step to address this challenge.
