Board of Directors
A list of our board members
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Chairperson
Mr. Nadeem Hussain
President
N-Planet

Nadeem Hussain, Founder and Coach of his latest venture Planet N, aims to catalyze the next wave of tech entrepreneurship in Pakistan. Planet N Group of Companies focuses on Financial Inclusion and facilitation of entrepreneurship in Pakistan through technology and has added 24 companies to its portfolio across e-commerce, fintech, edutech, mobile television, retail and renewable energy. With plans to invest in more rising stars within these verticals, Planet N provides a platform for prime growth to start-ups through collaboration and shared services.

However, his vision does not end there. Mr. Nadeem continues to promote the causes of financial inclusion by unbundling conventional banking and digitizing all 6 verticals to financially include the 80% of the unbanked population.

Mr. Hussain champions the causes of financial empowerment, access to healthcare, environmental sustainability, affordable housing and provision of alternate energy to all Pakistanis. He has spent the last 10 years focusing on these areas through his leadership of Tameer Micro Finance Bank and has unparalleled and invaluable experience to contribute to establishing a one of its kind financial solution to the financially excluded.

Nadeem Hussain is best known as the ex-President and CEO of Tameer Micro Finance Bank, Pakistan’s first private sector microfinance bank and world leader in branchless banking. Mr. Hussain's model bank has impacted over a million people by extending credit and mobile banking to the poor and the unbanked Pakistan, and has introduced the first health insurance program in rural areas to protect poor households from falling below the poverty line. Mr. Hussain later forged a partnership with an international telecom to provide mobile banking solutions to a large segment of the unbanked Pakistani population called EasyPaisa. This initiative has become Pakistan’s largest mobile transaction channel and has been recognized by the World Bank as one of the top three branchless banking solutions in the world.

Prior to pursuing his passion of making a difference, he worked in international banking for over almost 3 decades with Citigroup in seven different countries and major financial centers of the world. Mr. Hussain’s illustrious banking career included working in corporate banking, consumer banking, risk management, insurance, transaction banking and treasury. He served as General Manager and Head of Consumer Banking for Citibank, Pakistan. Under his guidance, Citibank Pakistan pioneered the concept of consumer banking, with the introduction of credit cards, auto mobile financing and residential mortgage financing. Nadeem effectively turned the bank around after it went into loss due to the freezing of foreign currency accounts in 1998.

Apart from his professional endeavors, Mr. Hussain has also served on the advisory board of Institute of Business Administration (IBA) and Institute of Capital Markets (ICM). He is the Chairperson of the Pakistan Microfinance Network (PMN), Mentor & Advisor to Hult Prize Pakistan, TECH Pakistan, and also on the Board of PlanX. Mr. Nadeem fulfills his Trustee responsibilities for the Indus Foundation and the Jinnah Institute and is an active member of the State Bank’s and SECP consultative groups on various initiatives including Microfinance and insurance. He is also leading the effort to implement Universal Standards of Social Performance Management (USSPM) across all PMN member banks and institutes

Nadeem Hussain is globally recognized for his dedication and service to financial inclusion. He chaired the United Nation’s MDG Session on Financial Inclusion in New York in September 2010, and is a frequent speaker at international forums on branchless banking and Microfinance. He was invited to speak at Harvard University’s Kennedy School of Government and Johns Hopkins University in 2012 where Tameer Bank was showcased as Asia’s solution to financial empowerment. He has also been awarded the prestigious Global leader award in 2011 by C5 in Geneva.

Directors
Mr. Ghalib Nishtar
President
Khushhali Bank

Ghalib Nishtar is the founding president of Khushhalibank, Pakistan’s largest microfinance bank. He is regarded as the pioneer microfinance banker of Pakistan’s burgeoning microfinance industry, and has been a critical force in demonstrating the success of microfinance in Pakistan with Khushhalibank as a leading benchmark. He was part of the process initiated by the Government of Pakistan to reform the financial sector under the Microfinance Sector Development Program in 2000. Under his leadership Khushhalibank has emerged as Pakistan’s premier microfinance Institution with a nationwide outreach; Pakistan now ranks amongst the top three countries on the Economist intelligence Unit’s Global index on business environment for microfinance and has attracted FDI in microfinance bank’s established in Pakistan over the past decade.

Recent accomplishments include successful steering of the divestment process of Khushhalibank as a consequence of which the bank was able to attract investment from leading domestic and global investors demonstrating the strength of the Institution. With the new set of Investors on board the bank is undergoing an ambitious transformation program to be able to serve the expanded microenterprise segment of the market in Pakistan. 

Ghalib Nishtar has over 30 years of prior management experience commencing with Bank of America in 82’ and concluding with the National Bank of Pakistan, the country’s largest commercial bank as its Senior Executive Vice President.

He serves on many Boards and Steering Committees; has represented the Bank at Summits, Conference and meetings at National and International forums and contributes regularly towards print media on issues of financial Inclusion for the poor.

He holds a Masters degree in Information Technology from the Quaid-e-Azam University Islamabad and is the recipient Sitara-i-Imtiaz, one of Pakistan’s highest presidential civil awards.

Mr. Mudassar Aqil
CEO
FINCA

M. Mudassar Aqil is the CEO of FINCA Microfinance Bank Ltd. since 2011. He has overseen the bank’s rapid growth and its recent acquisition by FINCA which makes the bank part of a network of microfinance institutions in 23 countries across the world and opens new doors of innovation and growth for the bank. Since its inception 5 years ago, FINCA Microfinance Bank has given over 130,000 small loans to micro enterprises to grow their businesses and disbursed over 7 billion rupees and helped create thousands of new jobs. FINCA is considered the pioneer of cash flow based clean lending in Pakistan and has the distinction of highest average loan ticket size in clean lending in the Pakistan microfinance sector.

 Mudassar is a banking industry veteran. Prior to joining FINCA, he worked for 14 years at leading commercial banks in Pakistan and the United States. Before joining FINCA, Mudassar was with Bank ALFALAH for 5 years as General Manager. Prior to that he served at M&T Bank – a Fortune 500 Company in the United States, for 8 years where as Vice President he held important positions in the areas of Operations, Strategy and Marketing.

 Mudassar is also a frequent presenter at various conferences and serves as a director on the board of Pakistan Microfinance Network. He holds an MBA from Salisbury University, Maryland

Dr. Rashid Bajwa
CEO
National Rural Support Program

Dr. Rashid Bajwa is Chief Executive Officer of National Rural Support Programme (NRSP) since 1996. Under his leadership, NRSP transformed part of its portfolio into the NRSP Microfinance Bank Ltd.

Dr. Bajwa is also associated with other Provincial Rural Support Programs and is a member of the BOD of many RSPs.  He is an advisor to the RSPN. He is also serving as an independent Director of Fauji Fertilizer Bin Qasim Limited since August 26, 2010. He has professional experience of Microfinance and development specialist.

Dr. Bajwa is an Ex-Member of Civil Service of Pakistan (DMG) from 1986 to 1993 and has worked in different positions and levels of the Government. Dr. Bajwa has a degree in Medicine from KEMC (MBBS) and USA (MD) and a Master in Public Health from Nuffield School of Heath, University of Leeds, UK where he received a distinction and commendation by HM the Queen.

Mr. Amir Khan
President
First Microfinance Bank

Amir Masood Khan is a seasoned banker having diversified experience of over 22 years in consumer and commercial banking. He joined The First MicroFinanceBank Ltd Pakistan in March 2012 as the Chief Executive Officer/President. Prior to this assignment, he has worked at senior level positions with the Standard Chartered Bank, ABN Amro Bank and Royal Bank of Scotland; and as the CEO of Mobilink Microfinance Bank (then Waseela), where he was instrumental to set up the Bank. He holds a Masters in Business Administration from the Institute of Business Administration, Karachi.

Mr. S Akbar Zaidi
Economist

Professor Dr S Akbar Zaidi is Pakistan’s best known Political Economist. He has been a Professor at Columbia University, New York, since 2010, where he teaches one semester a year, and has a joint position at SIPA (the School of International and Public Affairs), and at MESAAS (the Department of Middle Eastern, South Asian, and African Studies).

He is also an Adjunct Professor at the IBA, Karachi, teaching one semester each year since 2011. He is a political economist with interests in political economy, development, the social sciences more generally, and increasingly, History. He has taught at Karachi University and at Johns Hopkins and has written over 75 academic articles in international journals and as chapters in books, as well as numerous books and monographs. Amongst his books, are: Military, Civil Society and Democratization in Pakistan (2011), The New Development Paradigm: Papers on Institutions, NGOs, Gender and Local Government (1999), and Pakistan’s Economic and Social Development: The Domestic, Regional and Global Context (2004). His most recent book is Issues in Pakistan’s Economy: A Political Economy Perspective published by Oxford University Press in 2015. He is currently working on a book examining Class and State in Pakistan: Accumulation under Neoliberalism

Mr. Faisal Ijaz Khan
CIO
MCB

Mr. Faisal Ejaz Khan brings with him rich experience of Financial Services Industry. He has held responsibilities in Private Banking, Corporate Banking and Banking Operations during his past roles in Emirates Bank International PJSC, SME Bank Limited and MCB Bank Limited in various capacities.

 He has an MBA with a specialization in ‘Change Management and Technology’ and also holds an M. Phil. in ‘Management and Information Technology’ from France.

 Faisal was with Oracle Corporation based in Karachi as Regional Business Manager, Financial Services Industry for seven countries in South Asia. In Oracle he was responsible for solution sales of Oracle technology and applications for Corporate Performance Management, Risk Management/ BASEL II and Customer Relationship Management. 

 He has had a focus on deployment of Sungard’s Core Banking Application in MCB Bank Ltd. He achieved a milestone of 1100 plus branches on the new system across Pakistan and completed the roll out of Sungard’s Application in MCB Sri Lanka Operations and Sungard’s Islamic Core Banking System in MCB Islamic Banking Branches in Pakistan.

 Currently, Mr. Faisal Ejaz Khan is the Chief Executive Officer of 1Link Guarantee Limited.

 He is a highly seasoned business leader with a strong track record of strategic thinking, hands-on execution and building strong teams who collaborate to improve the customer experience.

Dr. Amjad Saqib
Executive Director
Akhuwat

Dr. Muhammad Amjad Saqib is a social entrepreneur, volunteer and development professional. He joined civil service of Pakistan (DMG) in 1985. He obtained Hubert H. Humphrey Fellowship, in public administration from the American University, Washington D.C., USA. He resigned from civil service in 2003. Since then, besides rendering philanthropic and social services, he has been providing consultancy services to International Organization. His areas of expertise include poverty alleviation, microfinance, social mobilization and education management. He is author of four books.

 Dr. Saqib is founder of Akhuwat, first ever interest free microfinance programme. Keeping in view his volunteer services for poverty alleviation, he has been requested by the Government of the Punjab to lead two of its flagship programmes i.e. Punjab Educational Endowment Fund (PEEF) and Punjab Welfare Trust for the Disabled (PWTD). President of Pakistan bestowed on him “Sitara-a-Imtiaz”, a coveted civil award on 23 March, 2010.

Sadaffe Abid
Circle
Founder

Sadaffe Abid is founder @CIRCLE, a social enterprise that aims to build and develop the entrepreneurial and leadership capacity of women in Pakistan and regionally. CIRCLE has an innovative tech initiative teaching coding skills to young women from under served communities. Prior to this, she managed Kashf Foundation as CEO and COO, one of Forbes Top 50 microfinance institutions which she helped grow from a pilot in two rooms to serve 300,000 women clients in Pakistan. 

Sadaffe is INSEAD’s Social Entrepreneur-in-Residence. She is on the board of Indus Earth and has served on the board of Harvard UAE Club. She completed her Masters at the Harvard Kennedy School, Advanced Management Program at INSEAD and her B.A. at Mount Holyoke College. She is a recipient of the Mount Holyoke Alumni Achievement Award.

Kabeer Naqvi
Chief Operating Officer
U Microfinance Bank

Mr.  Kabeer Naqvi represents a small percentage of professionals who has risen to the very top of Microfinance Banking industry in Pakistan. He has nearly 15 years of work experience to his name, and currently holds the position of Chief Operating Officer at U Microfinance Bank – Islamabad with all management functions reporting to him. U Microfinance Bank (U Bank) is wholly owned subsidiary of Pakistan Telecommunication Corp Ltd – Etisalat group. PTCL provides telecommunication and internet services to two third of Pakistan and is the backbone of communication infrastructure in the country.  U Bank is a 4 year old institute with 900 plus employees, serving more than 350,000 loan & deposit customers through 75 branches in 3 provinces and a 45,000 branchless banking agent network across Pakistan.  

Mr. Naqvi joined U Bank in Sep 2015 and has single handedly spear headed turnaround of a loss making institution. With him at the helm of the affairs, the bank’s Gross Loan portfolio has grown by 563%, while the deposit book has grown 444%. The bank’s loan customers have grown from 15,000 to more than 150,000 while the deposit customers have grown from 97,000 to more than 350,000 during this period. Bank’s market share has grown from less than 1% to more than 5% in a growing market while maintaining the portfolio quality. He  is the visionary  behind  the  development  and  execution  of  Bank's new strategy  for  the  core  microfinance  and  branchless  banking  business. Half yearly statics place U Bank as the fastest growing microfinance bank for the year 2016 in Pakistan.   His  business acumen  brings along a  remarkable  ability  to  streamline  business operations  that  have driven growth  and  increased  efficiency  as well as profitability while developing water tight financial controls, processes and systems.

Mr. Naqvi has also been the flag bearer of Branchless Banking’s bank led model.  At U Bank he is steering the Branchless Banking Business closer to the true spirit of financial inclusion. The bank is preparing to move its core business of lending on to wallets while moving away from over the counter cash transfers to wallet. Which brings the financial inclusion back in its original spirit of capturing the undocumented economy, bringing in granular deposit, giving loans to domestic remittance customers and help them build livelihoods and teach a nation to save while serving the country.

This resolve has brought him and U Bank a seat at national policy debate and formulation level. Mr. Naqvi is part of the Digital financial services technical committee designated to design and implement framework for National Financial Inclusion Strategy 2020 for Pakistan. This is a huge honor for him as well for the Bank to have a definitive voice contributing to national goals and be seen as a change maker in true spirit.

Prior to joining U Bank in Sep 2015, Mr.  Naqvi was instrumental in building, shaping and developing Tameer Microfinance Bank and was part of the founding team. Mr.  Naqvi joined the bank in 2006 as Manager Financial Control. His tenure with Tameer Bank extend over a  period of nine-years, during which he held critical positions culminating at the Group Executive  Director – SEVP level in 2015. He has held the office of Chief of Staff, Chief Financial Officer & Head of Central Operations during 2011-2015.  Prior to that, he held the position of Financial Controller & Company Secretary in 2009-2010, Deputy   Financial   Controller in 2008;   Unit Head-   Financial   Control in 2007;   and Manager,   Financial   Control in 2006.

Mr.   Naqvi  played  a  critical  role  in  the  entire  process  of creating   Easypaisa,   including   the   conceptualization,   business   design,   implementation, launch  and  constant  fine  tuning  of  this groundbreaking  service.    His  expertise,  from  inception  to  execution,  proved  to  be  critical  to  himself  as well as for all team  members  involved.

Dr. Sono Khangharani
CEO
Thardeep Microfinance Foundation

Dr. Sono Khangharani started his professional career in late 1982 as a teacher (lecturer) in Agriculture University Tando Jam Sindh, which allowed him to learn teaching skills. Understand research methodology and its conduct and its linked with National and International Academia. He joined corporate sector in 1987 as a senior professional and learned about business models particularly in dairy farming and animal husbandry industry in Pakistan. Finally, he ended up working in development sectors from early 1993 and continue to work. In the development sector, he has accumulated stay of 24 years working with diversified community and its mobilization. Having such diversified experience of working, starting as a senior professional in NRSO to CEO in TRDP and SRSO helped him being a leader but without and appropriate training of leadership.

Mirza Khan Ghangharo
CEO
SAATH Microfinance Foundation Pkaistan
Taher G. Sachak
Managing Director & Chief Executive
EFU Life Assurance Ltd

Mr. Taher G. Sachak has studied in UK and is a graduate in Business Studies from Bournemouth University, and also has a post-graduate Diploma in Management Studies from Liverpool University. Following his studies he joined the British Civil Service and after 5 years decided to pursue a career in life assurance. He held executive positions in major UK Life Assurance Companies, Allied Dunbar, Trident Life and finally Century Life before coming to Pakistan in 1994 to join EFU Life.

His particular expertise lies in sales management and marketing. He helped introduce new concepts and products in Pakistan such as “unit linking” and “critical illness”. These innovations introduced by EFU Life gave the average investor the opportunity, for the first time in Pakistan, to avail the latest products marketed in the West.

He is Managing Director & Chief Executive of EFU Life Assurance Ltd; a Director of EFU General Insurance; Vice Chairman of Allianz EFU Health Insurance and a “Certified Director” from Pakistan Institute of Corporate Governance.

Qazi Shoaib Alam Farooqi
CEO
Jinnah Welfare Society

Qazi Shoaib Alam Farooqi is a seasoned professional with over 25 years of experience in the Domains of Micro Finance, Enterprise Development, Organizational Leadership and Social Sector Development. He is an active member and contributor of several Development Networks at Regional, National and International level and participated in several conferences at International level. As Chief Executive Officer of JWS Pakistan, he is credited with successfully launching and operating a Non Banking Finance Company for the last 25 years. Qazi Shoaib Alam Farooqi is also Chairperson of Punjab Microfinance Network (PMFN) and Director of Pakistan Microfinance Network (PMN).