Board Members and Observers

Chairman

Naved A. Khan

Board Member

Qazi Azmat Isa

Board Member

Dr. Tariq Hassan

Board Member

Navid Goraya

Board Member

Christine Eberhard

Chief Executive Officer

Yasir Ashfaq

Vacancy
Board Member

Vacancy

Chairman

Naved A. Khan

Mr. Naved A. Khan has over 30 years of work experience with 27 years of broad based banking experience. He recently set up a Foundation after his late wife by the name of Sharmeen Khan Memorial Foundation, he is heading the foundation as Chief Executive and Chairman. Prior to this he served as the President & Chief Executive Officer of Faysal Bank Ltd and ABN Amro Bank, Pakistan Limited and has served in senior management positions in the Bank of America, Pakistan.Mr. Naved A. Khan hasheld numerous senior level positions which includes serving as President of the Overseas Chambers of Commerce and Industry (OICCI), Chairman of Pakistan Banks Association, Chairman of the Board of Directors of Faysal Asset Management Limited, Chairman of Academic Board Institute of Bankers Pakistan, President of the Rotary Club of Karachi Metropolitan, Vice – President of Institute of Bankers Pakistan and as member of the Institute of Bankers’ Council. Heis currently member of the Boards of numerous entities including theDubai Islamic Bank, Karachi Shipyard and Engineering Works, Fauji Fertilizer Bin Qasim, NRSP Microfinance Bank Limited, Galiyat Development Authority KPK, AGP Private Limited, Bahria Foundation and Gas & Oil Company Pakistan (GO).

He holds a Bachelor of Science Degree from Indiana University, USA and a Master of Business Administration degree from Butler University, USA. Mr. Naved A. Khan is a certified director from Pakistan Institute of Corporate Governance.

Designation:Chairman

Board Member

Qazi Azmat Isa

Mr. Qazi Azmat Isa has 30 years of experience in development sector. He is currently the Chief executive of the Pakistan Poverty Alleviation Fund which is a multipurpose autonomous development institution with interventions in microfinance, energy, infrastructure, disaster management, institutional development, livelihood enhancement and protection, health, education and disability. Prior to this he was with the World Bank working in the rural and social sectors for over 12 years. His last assignment was in Kabul, Afghanistan where he managed the largest community driven development program in the Bank’s portfolio as well as initiated a nationwide rural enterprise development program.

He has served on many boards in a voluntary capacity, including as Chairman of the Society for the Protection of Child Rights, President of Aurat Foundation, Board Member with the World Wide Fund for Nature, LEAD and Civil Aviation Authority. He is currently one of the members of the Economic Advisory Council constituted by Senator Ishaq Dar, Finance Minister.

Designation:Board Member

Board Member

Dr. Tariq Hassan

Dr. Tariq Hassan is an attorney and advocate of the Supreme Court of Pakistan who is currently the Chairman of the Audit Oversight Board of Pakistan and Member, Board of Directors, State Bank of Pakistan. He is a former Chairman of the Securities and Exchange Commission of Pakistan and has also served as an adviser to the Finance Minister of Pakistan on matters relating to law and economics. He has also been associated as Legal Counsel with the World Bank in Washington, DC, International Fund for Agriculture Development in Rome, and Shearman & Sterling in New York.

Dr. Hassan has done his PhD in Juridical Science from Harvard Law School, USA. In addition to practicing law, he has been an adjunct professor of law at George Washington University and Fletcher School of Law & Diplomacy in USA, and Department of Laws at LUMS University and International Islamic University in Pakistan.

Designation:Board Member

Board Member

Navid Goraya

Mr. Navid Goraya is currently the Chief Investment Officer of Karandaaz Pakistan. Mr. Goraya holds over 25 years of global experience in asset management, investment strategy, product development and corporate finance. Before joining Karandaaz as the Chief Investment Officer, he was leading a Strategic Advisory Firm, White Oak Advisors Inc, in New York where he was involved in making global investments in the US, Middle East, South East Asia and South Asia.

Earlier, at HSBC USA, Mr. Goraya advised approximately US$6 billion in specialized funds of HSBC and led a global wealth team covering North America, the GCC and South East Asia. He has also led specialized Investment Banking teams at the Royal Bank of Scotland and Qatar National Bank. At IICG Bahrain, he led a Capital Markets Group managing proprietary funds and endowment portfolios. He holds an MBA from IBA and has also attended the High-Performance Leadership Programs at INSEAD, Fontainebleau, and London Business School. He also serves on the advisory boards of firms in life sciences and financial services in New York.

Designation:Board Member

Board Member

Christine Eberhard

Mrs. Christine Eberhard holds a M.Sc. in Economics and Management Science with a focus on macroeconomics, public finance and finance & banking from Humboldt University Berlin. She is also a CFA Chartholder. Mrs. Eberhard joined KfW Development Bank in 2006 after previously working for the International Energy Agency (IEA) in Paris. She managed various programs on behalf of KfW in the financial and energy sector, such as the Housing Finance Program Armenia, SME Support Program Armenia, Agricultural Finance Program Armenia, Green for Growth Fund (GGF) and European Fund for Southeast Europe (EFSE). Between 2010 and 2014, Mrs. Eberhard was on the Board of Directors of ProCredit Bank Armenia and on the Supervisory Council of the German Armenian Fund (GAF). From 2015 to 2018, she continued her career as a freelance consultant from Singapore focusing mainly on microfinance and renewable energy projects throughout Southeast Asia.

In 2017, Mrs. Eberhard worked for IIX (Impact Investment Exchange) on the closing of the first publicly listed social sustainability bond, the Women’s Livelihood Bond. She returned to KfW Development Bank in 2018 and has been focusing on financial sector projects in Pakistan and Afghanistan since then.

Designation:Board Member

Chief Executive Officer

Yasir Ashfaq

Mr. Yasir Ashfaq is working as Chief Executive Officer of Pakistan Microfinance Investment Company (PMIC). He was previously working as Chief Operating Officer of PMIC since August 2016. Before joining PMIC, he has worked with Pakistan Poverty Alleviation Fund as Group Head, Financial Services Group in a similar role. Yasir has over 20 years of experience in financial sector of the country and has worked at senior management positions in commercial and investment banks. His areas of expertise include designing policy and strategy, corporate finance, portfolio management, treasury, finance and accounts, development finance, corporate finance, risk management, development of institutions and new financial products and approaches of delivery. He is a fellow member of the Institute of Cost & Management Accountants (ICMA) of Pakistan and holds a Master’s Degree in Economics from University of Sydney, Australia.

Designation:Chief Executive Officer

Email:yasir.ashfaq@pmic.pk

Board Member

Vacancy

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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Designation:Board Member

Email:-

Observers

PPAF

Amir Naeem

DFID

Waqas ul Hasan

Karandaaz Pakistan

Ali Sarfraz

KfW

Dr. Barbara Berkel

PPAF

Amir Naeem

Mr. Amir Naeem is working as Senior Group Head (Financial Management and Corporate Affairs)/Company Secretary in Pakistan Poverty Alleviation Fund, a wholesale apex institution working for poverty alleviation. He is responsible for managing the financial and corporate affairs of USD 1 billion apex fund as well as overseeing contractual arrangements and covenants compliance of over 100 non-governmental/private sector organizations. He is experienced in leading and advising the company through complex restructurings, expansion and donor’s management. He has a track record of documented contributions leading to improved financial performance, heightened productivity, and enhanced internal controls.

Designation:PPAF

DFID

Waqas ul Hasan

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.

Designation:DFID

Karandaaz Pakistan

Ali Sarfraz

Ali Sarfraz is CEO of Karandaaz Pakistan. Ali has vast experience of leading initiatives in 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 and Europe. He also developed new strategies for increasing revenue streams of a major mobile operator in Pakistan. While working in senior policy positions in public sector, 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 University of Texas, Austin.

Designation:Karandaaz Pakistan

KfW

Dr. Barbara Berkel

Dr. Barbara Berkel is Senior Portfolio Manager within KfW, where she has worked over 13 years. Within KfW, she has held different senior positions in the areas of credit risk and development finance. Currently, Dr. Barbara Berkel is managing a portfolio of several investment funds and equity participations in Southeast Europe and Asia at KfW Development Bank. From 2012 to 2018 Dr. Barbara Berkel was working in the Credit Risk Management Department of KfW Group. During this time she was primarily responsible for the analysis and management of country risks with a focus on countries within the EU, Southeast Europe, Caucasus and Latin America.

Moreover she was involved in different groupwide risk management projects, e.g. on the risk strategy for securities and on the modelling of country risks. Dr. Barbara Berkel holds a Master Degree in Economics from Friedrich-Wilhelms-University in Bonn, Germany, and a Ph.D. in Economics from University of Mannheim, Germany.

Designation:KfW