Dr. Ishrat Husain is one of the leading economists and intellectuals of Pakistan. He is the chairman of Karandaaz Pakistan, prior to this he has been the Dean and Director of the iconic Institute of Business Administration (IBA), Karachi, the oldest graduate business school of Pakistan, since March 2008. Infusing IBA with innovation and dynamism, his vision is to transform IBA into a world-class institution.
From 2 December 1999 to 1 December 2005, Dr. Ishrat served as the Governor of the State Bank of Pakistan, and ushered in an era of restructuring for the Central Bank and reformation in the banking sector. As a member of the economic management team of the Government, he played a key role in the impressive economic turnaround of Pakistan. In recognition of his meritorious services he was conferred the prestigious award of “Hilal-e-Imtiaz” by the President of Pakistan in 2003.
The Banker Magazine of London declared him as the Central Bank Governor of the year for Asia in 2005. He received the Asian Banker Lifetime achievement award in 2006. Both prior to and since his retirement as the Governor, Dr. Ishrat has been actively involved in numerous national and international assignments for bodies as varied as the Government of Pakistan, IMF, ADB, UNDP and the World Economic Forum. Dr. Husain has maintained an active scholarly interest in development issues.
He has authored 18 books and monographs and contributed more than three dozen articles in refereed journals and 27 chapters in books. His book “Pakistan: The Economy of the Elitist State” published by Oxford University Press is widely read in Pakistan and outside. He is the Distinguished National Professor of Economics and Public Policy and serves on the Boards of several research institutes, philanthropic and cultural organizations.
As a member of Civil Service of Pakistan, Mr. Shamim Ahmad Khan occupied senior positions in the Government of Pakistan such as Secretary Ministry of Commerce and Additional Secretary Ministries of Finance and Production. For more than ten years, he worked as a regulator of capital markets and the corporate sector. In this capacity, he piloted a number of reforms in capital markets and restructured the Corporate Law Authority into the Securities and Exchange Commission of Pakistan of which he became the first Chairman. After he left the Government, he worked as an independent and non-executive director of a number of listed companies. Presently he is a director of Packages Ltd., IGI insurance Ltd and Abbott laboratories Ltd and is serving as Chairman of the board of IGI Life Ltd.
Ms. Sadia Khan has pursued a versatile career path traversing investment banking, financial regulation, family businesses and entrepreneurship across three continents. With Masters Degree in Economics from both Cambridge University, U.K and Yale University, U.S.A, Sadia started her career at Lehman Brothers in New York. Since then she has worked with various international institutions and local regulatory authorities, including the Asian Development Bank (ADB) in the Philippines, the Securities & Exchange Commission of Pakistan and the State Bank of Pakistan. She is currently the CEO of Selar Enterprises (Pvt) Ltd, a company she founded in 2011 while working as the Group Executive Director in her family-owned business, Delta Shipping (Pvt) Ltd.
Romana Abdullah is CEO of Highpoint Ventures (Pvt) Ltd and leads Hopscotch, a kidswear brand she co-founded in 2014. Today, Hopscotch has 20+ stores in 13 cities in Pakistan and an e-commerce website, www.ilovehopscotch.com. Prior to becoming an entrepreneur, Romana was part of the Management Team of MCB Bank, one of Pakistan’s largest banks, leading their strategic planning, transformation and new initiative functions. She was also Group Head for Strategy at Soneri Bank. Earlier, Romana spent significant time at The Boston Consulting Group (Management Consulting) and Merrill Lynch (Investment Banking) in New York, where she focused on strategic, financial and operational assignments for Fortune 500 financial services and consumer clients.
Romana was selected as a Young Global Leader by the World Economic Forum in 2016. She is also on the board of Systems Limited, a publicly listed company and a global leader in next-generation IT services and BPO solutions. She mentors young start-ups, incubators, and accelerat
Mr. Ali Sarfraz is CEO of Karandaaz Pakistan, a nonprofit company set up by United Kingdom Department for International Development (DFID) and Bill & Melinda Gates Foundation. He is leading the company in improving financial inclusion through SME financing; technology enabled digital solutions; and disseminating policy research. His professional journey encompasses experience across private, public and not-for-profit sectors. He was engaged in advising private sector firms while working in senior strategy and operational roles in Asia, Europe and US. He also developed new strategies in the wake of mobile number portability for a major mobile operator in Pakistan. While working in senior policy positions, he focused on building conducive business environments, developing skilled workforce and adopting technology use for the government. He has an MBA from INSEAD and BS in Electrical Engineering from UT Austin.
Mr. Waqas ul Hasan, Senior Private Sector Development Adviser DFID, has over 15 years of experience of designing and managing private and financial sector programmes. He designed DFID’s Enterprise and Asset Growth Programme, sought internal DFID funding and co-financing from the Bill and Melinda Gates Foundation and setup Karandaaz Pakistan as platform for investment in Pakistan Microfinance Investment Company (PMIC), credit and equity for Small and Medium Enterprises (SMEs) and for innovations and expanding frontiers of digital finance in Pakistan. At DFID, he is also managing Public Private Partnerships assistance for infrastructure finance – a component of DFID’s Pakistan Economic Corridor Programme. He has been lead adviser for the Financial Inclusion Programme under which two credit guarantees, for wholesale funding to microfinance and retail lending to small and rural enterprises, were setup and number of regulatory and market infrastructure innovations were supported including the microfinance credit information bureau, transformation of NGOs to microfinance banks, financial monitoring unit for anti-money laundering, Islamic finance centres of excellence and secured transaction laws.
Prior to DFID, Mr Hasan has worked at senior staff and advisory positions at the Asian Development Bank and Govt of Pakistan and managed access to SME finance, fiscal decentralization and access to justice programmes. He is DFID’s Observer on the Boards of Karandaaz and PMIC, certified as Director by Pakistan Institute of Corporate Governance and holds a Masters in Finance from the London Business School and a Bachelor of Civil Engineering from the University of Engineering and Technology Lahore.
Syed Ali Mahmood is Program Officer, Financial Services for Poor at Bill & Melinda Gates Foundation and is responsible for driving the agenda for financial inclusion in Pakistan. Previously he has worked for China Mobile / Zong, United Bank Limited, Telenor and Warid. He has diversified experience of working across front end and backend value chains for both GSM and Mobile Financial Services sectors.
He holds an MBA and MA Marketing with specialization in Service Sector Marketing and Branding from London. He was also inducted into Honors list at Aitchison College for academics.
Shehzad Naqvi is the member of Investment Committee at Karandaaz. He is the chairman of the Innovation Challenge Committee for State Bank of Pakistan. He is also on the Board of Directors for Advans Pakistan; is a partner in a Venture Capital firm by Eplanet Ventures; and has been associated with many prestigious financial institutions globally for the past thirty years. Mr. Naqvi has had a long standing relationship with ABN Amro Bank as well as Citibank. He first joined ABN AMRO in 1993 as country head in Pakistan and was then appointed head of Asia-Pacific Management and Structured Finance, based in Hong Kong and Singapore. In 1996, he joined Citibank as Country Head in Singapore. Moving back to Pakistan as Country Head in 1998, he was subsequently appointed as Regional Head of Citibank’s global corporate and investment banking operations in the Gulf and Pakistan, based in Dubai. In 2003 he moved to London to develop outsourcing centers for Citibank’s European consumer and commercial banking back-office needs. From 2005-2008, he served as President and Chief Executive of Crescent Commercial Bank in Pakistan.
He has also served as a Director on the Board of MasterCard International and as a Member of the National Advisory Council to the Prime Minister of Pakistan. He is a graduate in Economic Institutions and Planning from the London School of Economics. He joined the Engro Board in 2015.
Rehan has 17 years of diverse work experience in the fields of strategic market & segment planning, market research & analysis, new market penetration, project management, business planning, new product development and analysis and forecasting. Prior to joining Karandaaz as Director-DFS, he was working at Telenor Pakistan since 2006 and headed various functions. In his recent role as Director B2B (Financial Services, GSM & IOT Markets), he transformed traditional postpaid focused B2B teams to a holistic business unit and created unique propositions for business customers combining GSM, Internet of Things and Financial Services products and solutions. He also served as Director Customer Care, Director Customer and Service Excellence, Director Business Segment and Head of Segment – Corporate, SME and Postpaid Markets at Telenor Pakistan. Prior to Telenor, Rehan has also worked at Chevron Oil Pakistan (Caltex Oil) as Strategy, Planning and Pricing Analyst.
Mr. Nawaz is member of Investment Committee at Karandaaz. He has over 25 years’ experience in operations management. Mr. Nawaz led creation, growth and turn-around of +50 companies across the globe. His Industry sector know-how includes healthcare, education, energy, petrochemicals, construction, real estate, food, packaging, IT, banking and insurance sector among others. Throughout his career, he has been a decisive leader, who at the operating company level has developed, motivated, strengthened, redirected and rationalized businesses, teams and investments via Board and management roles. Mr. Nawaz holds an MBA degree from London Business School, UK
Mr. Almas Hyder is an Engineering graduate from University of Engineering & Technology, a Certified Trainer of Entrepreneurship and has completed his OPM (Owner/President Management Program) from Harvard Business School. He is currently a member of the Institute of Engineers in Pakistan, Institute of Material in London and Vice President of the Harvard Club of Pakistan.
He has served as the CEO and Director for numerous organizations from diverse industries including Synthetic Products Enterprises Limited, SPEL Technology Support (Private) Limited, SPEL Pharmatec (Private) Limited, EDAS Entrepreneurship Development and Advisory Services (Private) Limited, AJ Power (Private) Limited, RT Power (Private) Limited, MST Power (Private) Limited and ONESP (Private) Limited.
To his credit is also the writing of the ‘Engineering Vision 2012 of Pakistan’. He established TUSDEC (Technology Up-gradation and Skills Development Company), where he was the Founder Chairman, under the Ministry of Industries, Production and Special Initiatives.
Mr. Hyder was the first President of the Quaid-e-Azam Industrial Estate Board, set up Punjab Industrial Estate Development and Management Company of the Government of Punjab in an effort to manage and upgrade the infrastructure of Kot Lakh Pat Industrial Estate in Lahore.
Through his hard work and effective leadership, Mr. Hyder has had an everlasting positive impact in both the plastic industry and the entrepreneurship circles of Pakistan.
Ms. Maha Bahou is currently working as the Executive Manager/ Payment Systems & Domestic Banking Operations & Financial Inclusion Department at the Central Bank of Jordan. She has worked for 29 years with the Central Bank of Jordan and one year as a senior consultant at Philadelphia Consulting Group in Libya. Ms. Maha Bahou has numerous affiliations with organizations from diverse industries including ExCom CGAP, Jordan Payments and Clearing Company, National Financial Inclusion Committee, Bill & Melinda Gates Foundation’s Digital Financial Services (DFS) Platform Enablers group, Arab Committee for Payment and Settlement System, National Payment Council, Oil Hedging, Jordan and the Jordan Post Office.
She has done her MBA in banking and Finance and a one year program in “Leadership in Financial Inclusion” from Tufts University- Boston 2016.
Mr. Zakir Mehmood is currently working as a Financial Consultant since 2012. From 2004 to 2012 Mr. Zakir was the President & Chief Executive Officer at Habib Bank Limited. As the CEO of Habib Bank he chaired the Board (2000-2003), led HBL from a loss making state owned institution to become the leading Pakistani bank with 1500 domestic branches and international network in 24 locations. He privatized the bank and managed transition successfully from state ownership to private sector. Mr. Zakir has extensive experience with regulators in multiple jurisdictions and with policy makers at senior levels in Pakistan and internationally.
Mr. Zakir was with Crédit Agricole Indosuez, France from 1991 to 2000. As the Senior Country Officer he mandated to turnaround 18 year troubled franchise with serious business, operational and control issues. Revamping of credit management, credit administration, operational processes and internal controls. He established CAI as a high quality, well respected corporate bank in Pakistan.
Mr. Zakir served as the Regional Manager Gulf Region, (Saudi Arabia, UAE, Oman, Kuwait, Yemen, Iran, Iraq) at the Bank of America from 1977 to 1991. At the Bank of America he was responsible for the coverage of Corporate, Government and Financial Institution relationships. He also worked at the regional office of Bank of America in London.
Mr. Zakir Mehmood has done his MBA in Finance and Masters in Electrical Engineering from University of California, Los Angeles (UCLA) in 1976 and 1974. He has also been awarded with Sitara-e-Imtiaz by the President of Pakistan in 2005 and Chevalier de I’Ordre National du by the President of France.