FOR IMMEDIATE RELEASE
CITADEL Pakistan and Muhammad Abbas & Co. Sign MOU to Support Pakistan's Startup Ecosystem
Partnership to connect CITADEL's startup and entrepreneurship network with MAC's accounting, tax, and advisory expertise
Islamabad, Pakistan — September 15, 2026 — CITADEL Pakistan, a nation-building initiative focused on converting Pakistan's innovation potential into employability, job creation, entrepreneurship, and sustainable economic growth, and Muhammad Abbas & Co., Chartered Accountants ("MAC"), a QCR-rated firm registered with the Institute of Chartered Accountants of Pakistan (ICAP), have signed a Memorandum of Understanding (MOU) establishing a framework for collaboration to support startups and businesses within the CITADEL ecosystem.
Under the MOU, CITADEL will identify and refer suitable startups, businesses, and other relevant entities to MAC, facilitating introductions and access to its broader network of ecosystem stakeholders. MAC will independently evaluate each referral and, at its professional discretion, engage eligible clients directly to provide accounting, taxation, financial, and advisory services.
The collaboration is expected to span five key areas:
- Startup & Business Advisory — feasibility studies, financial modelling, valuation guidance, funding strategy, due diligence, and investor readiness support
- Accounting, Tax & Compliance — bookkeeping, taxation, financial reporting, budgeting, internal controls, and compliance services
- Financial & Investment Readiness — strengthening financial structures and preparing startups for funding and due diligence processes
- Training & Capacity Building — joint workshops, seminars, and training sessions on financial management, taxation, accounting, and investment readiness
- Ecosystem & Business Development — connecting startups, entrepreneurs, corporates, institutions, and investors through both organizations' networks
"At CITADEL, we exist to turn Pakistan's entrepreneurial energy into real, investable businesses — and that takes more than mentorship and market access, it takes financial rigor from day one. Partnering with a firm of MAC's standing gives the founders in our ecosystem a trusted, ICAP-registered partner for the accounting and tax foundations every serious business needs."
"Pakistan's startup ecosystem has no shortage of ambition; what it often lacks is the financial and compliance infrastructure to scale that ambition responsibly. This partnership lets us bring MAC's expertise directly to founders at the point where it matters most — early, before problems become expensive. We look forward to working with CITADEL to help build businesses that are not just innovative, but built to last."
From the signing
PhotographsThe MOU is non-exclusive and establishes a framework of mutual understanding rather than fixed obligations for either party, with specific engagements to be documented through separate written agreements as they arise.
About CITADEL Pakistan
CITADEL Pakistan is a nation-building initiative dedicated to converting Pakistan's innovation potential into employability, job creation, entrepreneurship, and sustainable economic growth, with a focus on career development, startup and entrepreneurship development, strategic innovation, workforce development, and ecosystem building.
About Muhammad Abbas & Co., Chartered Accountants
Muhammad Abbas & Co. (MAC) is a QCR-rated firm of Chartered Accountants registered with the Institute of Chartered Accountants of Pakistan (ICAP), based in Islamabad, providing accounting, taxation, financial reporting, compliance, and advisory services to clients across Pakistan and internationally.