KPMG Pakistan breaks away after 57 years and becomes Taseer Hadi Khalid & Co.

KPMG’s Pakistani member firm is leaving the global KPMG network after 57 years. KPMG Taseer Hadi & Co. will end its affiliation with KPMG International on 31 October 2026, and will continue as an independent firm called Taseer Hadi Khalid & Co. from 1 November.

The firm is not closing down. Its staff, clients and ongoing work are expected to continue, but it will no longer carry the KPMG name or have automatic access to the global network’s shared methods, training and cross-border support.

According to The Scoop, which spoke to a person familiar with the talks, the split followed a disagreement over KPMG International’s plan to fold its firms in Pakistan, Bangladesh and Egypt into a consolidated Middle East group. The Pakistani partners rejected the plan, saying it would leave local partners with far less say over their own business.

The firm traces its roots in Pakistan to 1969, when it was set up with two partners. It became a full member of the KPMG network in 1982 and grew into one of Pakistan’s leading audit, tax and advisory firms. The transition was also confirmed in a public post on 31 October by accountancy professional Mustafa Kamal, who named managing partner Adnan Rizvi and wished the new firm well.

Why it matters

Pakistan is losing one of its links to the Big Four global accounting networks — Deloitte, PwC, EY and KPMG. These firms audit many of the country’s largest companies and banks, so the change affects a well-known name in Pakistan’s corporate world.

For clients, the practical question is who will handle work that needs coordination across borders, such as audits of multinational companies. There is no sign that existing contracts will end automatically, but the firm will need new arrangements for international cooperation.

What happens next

From 1 November, the firm will trade as Taseer Hadi Khalid & Co. and will need to build its own brand. Rival firms with international links may try to win over its clients, while the firm will try to hold on to its domestic position.

This article is for general information and education only. It is not legal or financial advice.

Sources

• https://thescoop.com.pk/kpmg-pakistan-breaks-away-after-57-years-over-global-restructuring-and-loss-of-autonomy/ (The Scoop, October 2026)
• https://www.linkedin.com/posts/mustafakamalpk_big4-activity-7522169500104982528-6JC_ (LinkedIn, 31 October 2026)