Farukh Khan

A results-driven Qualified CMA professional with 13+ years of progressive experience in financial management, treasury operations, taxation, costing, audit and strategic financial leadership within manufacturing sectors, particularly steel industry. Proven track record of driving financial transformation, strengthening governance frameworks, optimizing cash flow and leading strategic initiatives to enhance operational efficiency and business profitability.

Chief Financial Officer (CFO) at PLATINUM STEEL MILLS (PVT) LTD. (2025-04 – Present)

Manager Accounts & Finance at PLATINUM STEEL MILLS (PVT) LTD. (2021-07 – 2025-03)

• Lead overall finance function and drive financial strategy aligned with business objectives.
• Act as a key financial advisor to CEO and senior management in strategic decision-making.
• Deliver actionable financial insights, performance analysis and business recommendations to improve profitability.
• Oversee preparation and presentation of financial statements, cash flow forecasts and variance analysis.
• Ensure robust compliance framework in line with IFRS, corporate laws and VAT / taxation regulations.
• Lead regulatory coordination with FBR, SECP and external auditors.
• Drive cash flow strategy and liquidity optimization to ensure financial stability.
• Strategically manage banking relationships and negotiate optimized financing structures and credit facilities.
• Oversee foreign transactions, import payments and working capital cycle management.
• Lead product costing, margin analysis and strategic pricing decisions.
• Drive budgeting, forecasting and financial planning aligned with business growth.
• Implement cost control initiatives to enhance operational efficiency.
• Develop and enforce company-wide financial policies, governance framework and internal controls.
• Strengthen audit processes and improve financial transparency and accountability.
• Implement fixed asset management systems including physical verification and control mechanisms.
• Improved cash flow efficiency through structured financial planning and working capital management.
• Optimized procurement and operational cycle to support uninterrupted production and cost efficiency.
• Implemented Islamic financing solutions to enhance financial flexibility and reduce funding constraints.
• Developed and enforced company-wide financial policies and governance framework.
• Strengthened internal controls and governance framework resulting in improved audit outcomes.

Manager Finance at ADAM SUGAR MILLS LTD. (Listed) (2018-09 – 2021-06)

• Prepared monthly, quarterly and annual financial reports for management and stakeholders ensuring accuracy and timely submission.
• Prepared and filed monthly and annual sales tax returns on the FBR portal including all required annexures.
• Prepared and filed annual income tax returns in compliance with applicable tax regulations.
• Prepared and submitted withholding income tax statements on the FBR IRIS portal.
• Managed and responded to income tax and sales tax notices from tax authorities.
• Coordinated SECP compliance requirements and handled regulatory correspondence.
• Coordinated with banks for fund arrangements and treasury management activities.
• Reviewed financial transactions to ensure accurate recording in the accounting ledgers.
• Supported management in product costing analysis and pricing decisions.

Manager Reporting & Taxation at ADAM LUBRICANTS LTD. (Unlisted) (2016-04 – 2018-08)

• Prepared complete financial statements including Profit & Loss Account and Cash Flow Statements.
• Managed quarterly, interim and annual financial closing processes.
• Prepared and filed sales tax returns on the FBR portal including all annexures.
• Prepared annual income tax working and return filing.
• Prepared withholding income tax statements and filed through the FBR portal.
• Managed and monitored income tax and sales tax notices from tax authorities.
• Performed product costing analysis and supported pricing decisions.

Senior Accountant at GOHAR AGENCY PVT. LTD. (2013-02 – 2016-03)

• Assisted in financial reporting and accounting records maintenance.
• Maintained sales tax, withholding tax and income tax records.
• Managed payroll processing and monitored receivable and payable balances.
• Prepared aging reports and maintained petty cash transactions.

CMA in Strategic Financial Management, Strategic Management Accounting – ICMAP (2020)

B.COM in Financial & Cost Accounting, Statistics, Economics, Audit – University of Karachi (2013)