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 degrees 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. .
Khurram Zafar is an entrepreneur, the Executive Director of LUMS Center for Entrepreneurship and Innovation Fellow at Pakistan Innovation Foundation. Previously, he worked as the Chief Information Officer at Lahore Stock Exchange where he was awarded the best private sector CIO of Pakistan by P@SHA. He has also served as one of the founding board members of Plan9, a technology incubator of Punjab Information Technology Board and adjunct faculty for entrepreneurship at Information Technology University. Previously, he was a visiting faculty member at the Beaconhouse National University’s School of Computer & Information Technology. He has also co-founded two software product start-ups in the Silicon Valley and has been part of the founding team of 2 global IT consulting firms.
Romana Abdullah is an investment banker turned entrepreneur. She is the Co-founder and CEO of Highpoint Ventures (Pvt) Ltd., and recently launched Hopscotch, a premium kidswear brand with stores in Lahore and Islamabad and e-presence nationwide.Prior to becoming an entrepreneur, Romana was part of the Management Committees of MCB Bank and Soneri Bank respectively, leading their strategic planning, transformation and new initiative functions. Before her 2006 return to Pakistan, Romana worked at The Boston Consulting Group and Merrill Lynch (Investment Banking), both in New York where she focused on strategic, financial and operational assignments for Fortune 500 financial services and consumer clients. Romana has a BSc in Financial Engineering from Princeton University and an MBA from the Harvard Business School. She is on the board of Karandaaz Pakistan and Plan X Accelerator.
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.
Gregory Chen is a member of DFS Advisory Committee and a financial inclusion expert. Based out of Washington, DC, Gregory Chen heads CGAP’s work in Policy. He brings 18 years of financial inclusion experience and more than a decade of work residing in South Asia and working with businesses and policymakers. His most recent work focuses on the role of technology and digital finance. Prior to CGAP, Greg worked for the Agha Khan Development Network, Shore Bank International, and Bank of America. He has lived and worked for more than a decade in South Asia, with a particular focus on India, Bangladesh, and Pakistan. His academic training is in economics, and he holds a master’s degree from Harvard’s Kennedy School.
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.
A development professional with a Master degree in Business Administration and over 17 years of experience including 10 years in the development sector. Successfully managed the design and implementation of UK Government’s development programmes of Humanitrain, Governance, Private & Financial Sector Development in Pakistan and South Sudan. Completed PMD pro- level I and accredited to the DFID’s Programme Management Cadre. Completed both SAFE and SAFE plus courses in June 2013.
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