About the Conference

Karandaaz Pakistan in partnership with The ADB Institute (ADBI), Japan and the Resident Mission of Asian Development Bank (ADB) Pakistan organized a two-day event from 25 to 26 November 2019 in Islamabad. The first day (Nov 25) was devoted to the topic of Infrastructure Financing and the second day (Nov 26) to SME Finance.

Day 1 explored innovative ways of leveraging private funds for infrastructure investment, case studies of credit enhancement structures for infrastructure projects, and public-private partnership development within the sector.

Day 2 examined the growth potential of Pakistan’s small and medium-sized enterprises (SMEs), which account for about 25% of its manufacturing exports, 30% of its GDP, and 80% of its non-agricultural labor force but have limited financing access. The focus was on Pakistan’s SME ecosystem and integration with local and global value chains.

Thematic Areas for the Conference

  • Infrastructure & SME Financing Needs

  • Eco-system and Infrastructure Development

  • Public Private Partnerships (PPP) models for Inclusive Social Infrastructure

  • Innovative financing mechanisms to address market failures (e.g. invoice discounting and securitization)

  • Regulatory and Policy Frameworks

  • Cross Country Experiences

Who Attended

  • Policymakers and Regulators
  • Providers of Financial and Non-financial Services
  • Donors
  • Academia, Researchers, Students
  • Related Services Providers (Guarantee Funds, Credit Bureau Services, Rating Agencies, etc.)
  • Media
  • Developers and Architects

Desired Outcomes

  • Public and Private Sector Dialogue on Infrastructure and SME finance
  • Insights and knowledge on global best practices
  • Enabling environment and innovative financing solutions
  • Institutional partnership between ADBI and Karandaaz Pakistan for creating knowledge on infrastructure and SME financing in Pakistan.

Snapshots from PIFF

Speakers

Dr. Abdul Hafeez Shaikh
Adviser to PM on Finance and Revenue
Mr. Asad Umar
Federal Minister for Planning, Development and Reforms
MR. MUHAMMAD HAMMAD AZHAR
Federal Minister for Economic Affairs Division, Government of Pakistan
DR. Shamshad Akhtar
Chairperson, Karandaaz Pakistan & Former Governor of State Bank of Pakistan
SYED SHABBAR ZAIDI
Chairman, Federal Board of Revenue (FBR)
DEAN NAOYUKI YOSHINO
Dean, Asian Development Bank Institute (ADBI)
Ms. Annabel Gerry
Head of Department for International Development (DFID)
Ms. Ingrid van Wees
Vice-President, Asian Development Bank (ADB)
Mr. Satoshi Kuwahara
President, Credit Risk Database (CRD) Association, Japan
Ms. Xiaohong Yang
Country Director, Pakistan Central and West Asia Department, Asian Development Bank (ADB)
MR. JAMEEL AHMAD
Deputy Governor, State Bank of Pakistan
Mr. Salim Raza
Former Governor of State Bank of Pakistan
MR. ALI SARFRAZ
Chief Executive Officer, Karandaaz Pakistan
MR. WAQAS UL HASSAN
Senior Private & Financial Sector Development Adviser, Department for International Development (DFID) Pakistan
MR. ALEX MACGILLIVRAY
Director Evaluations, CDC Group
DR. LINDA ARTHUR
Senior Capacity Building and Training Specialist, Asian Development Bank Institute (ADBI)
BARRISTER ALI ASGHER KHAN
Founder & Managing Partner, Ali Khan Law Associates
MR. AHMED KHAN
Founder, Cheetay
MS. AYESHA AZIZ
Managing Director, Pak Brunei Investment Company
MR. WASIF SIKANDAR BUTT
Director, MARIAB & Vice President, Chainstore Association of Pakistan 
Ms. Naila Naqvi
CEO & Founder of Pie in the Sky
Dr. Syed Salman Ali Shah
Advisor to Chief Minister Punjab on Economic Affairs and Planning & Development
Mr. Aamir Khan
Chairman, Securities and Exchange Commission of Pakistan
Mr. Shauzab Ali
Commissioner SECP for Securities Market Division, IST Department, International Relations Department
Mr. Ali Khizer Aslam
Head of Research & Senior Columnist, Business Recorder
MR. JAVED IQBAL
Head SME & Commercial Banking, Bank Alfalah Limited
Mr. Asim Siddiqui
Country Managing Partner/ CEO Pakistan , EY Ford Rhodes
Mr. Sheharyar Chughtai
Public-Private Partnership Specialist, Asian Development Bank
Dr. Farrukh Naveed
Head PPP Cell - CEO Punjab PPP Authority, P&D Board, Government of the Punjab
Mr. Rabel Z. Akhund
Founder and Managing Partner of Akhund Forbes Hadi
Ms. Samina Masood
Founder and CEO of M-Tex
Mr. Khalid Mehmood Shaikh
Director General, PPP Unit Finance Department, Government of Sindh
MR. Tariq Maqbool
CEO, PACRA Analytics
Ms. Maleeha Mimi Bangash
Head, Ease of Doing Business & Investment Climate, Ministry of Finance, Government of Khyber Pakhtunkhwa
Mr. Nasim Beg
CEO, Arif Habib Consultancy
Ahsen Ashfaq Khawaja
Consultant on Transaction Advisory
Mohammad Ali Ibrahim
Head of Corporate Sustainability, Jazz
Ashruff Hasan Rana
Director, Bridge Factor (Pvt.) Limited
Usman Hameed
General Manager, Project Finance and Infrastructure Advisory, Habib Bank Limited
Naresh Kumar
Head SME, HMB
Shahid Mustafa
Financial Sector Expert
Mr. Mudassir Husain Khan
Managing Director/Chief Executive Officer, Pakistan Mortgage Refinance Company
Brigadier Ihsan Ullah Khan, Sitaraa-e-Imtiaz (Military)
Senior Executive Director Naya Pakistan Housing and Development Authority

Conference Partners

Asian Development Bank (ADB)-Pakistan

Asian Development Bank (ADB)-Pakistan has maintained a presence in Pakistan since 1966, when the country joined as a bank member. ADB has provided assistance to strengthen key infrastructure, social services, and economic growth in the country. ADB has approved $32.2 billion in project assistance to Pakistan since 1966.

ADB Institute (ADBI)

ADB Institute (ADBI) provides research for policy makers in its member countries. Over the years ADBI has developed an extensive knowledge base on the MSMEs operating in the East and South Asian Region, and has conducted a number of conferences and publications to enhance and support the MSME landscape in the region. In 2013, ADBI also launched an Asian SME Finance Monitor (ASM) – a knowledge product focusing on SMEs’ access to finance including the banking sector, nonbank sector, and capital markets. With the success of the inaugural volume, the ASM 2014 (second edition) extended its coverage from 14 member countries to 20. At present, ASM covers three economies in the South Asian region – India, Bangladesh and Sri Lanka. However, a case for can also be made to include Pakistan’s SME sector as well, given the economic and geo political significance of the country in the region.

Karandaaz Pakistan

Karandaaz Pakistan, a not-for-profit company established in 2014 with financial support from the UK’s Department of International Development (DFID) and the Bill & Melinda Gates Foundation (BMGF), fosters economic growth and creating jobs through financial inclusion of unbanked individuals and unserved micro, small and medium enterprises (MSME). In addition to conducting research, Karandaaz provides debt and equity funding to SMEs in Pakistan; the former through partner financial institutions and the latter by making direct investments in SMEs poised for growth.