PROFILE OF BOARD OF DIRECTORS
HAJI JAN MUHAMMAD
Haji Jan Muhammad, the Chairman ARY Group, is a well known businessman and highly regarded in the business and financial circle. He has more than 41 years of rich experience in the field of Cables and wire Industry. He has been successfully running leading wire and cable manufacturing company namely H. M. Esmail & Company Ltd. since early fifties. Besides his business work, he is also very well regarded in the field of social welfare and services.
MR. MUHAMMAD SHOAIB
Mr. Muhammad Shoaib is member of ARY Family and well known in business community. He has more than 20 years of rich experience in the field of Cables and Wire Industry. He has been successfully running leading wire and cable manufacturing company namely New Delite Company Ltd. since 1996. Besides his business work, he is also very well regarded in the field of social welfare and services.
MR. SHAIKH ABDULLAH
Mr. Shaikh Abdullah is a Seasoned Banker having rich experience of more than 50 years in financial sector. He has served in well reputed Commercial Banks including Habib Bank Limited, May Bank, Summit Bank Limited and Habib Bank AG Zurich where he enjoyed positions of Senior Vice President, Chief Manager and Divisional Head.
MR. KARIM MUHAMMAD MUNIR
Mr. Karim Muhammad Munir is a seasoned Banker having more than 46 years of experience including 30 years in Treasury & Money Market. He has been with associated with various Financial Institutions in Pakistan and Middle East in various capacities including Treasurer (Chief Dealer), Exchange Dealer, Money Market Dealer, Customer Dealer, Head of Treasury Operations.
MR. MUHAMMAD MEHBOOB
Mr. Muhammad MEHBOOB is member of ARY Family and well known in business community. He has more than 20 years of rich experience in the field of Media and Communication Industry. He has been successfully running leading Media and Communication company since 2000. Besides his business work, he is also very well regarded in the field of social welfare and services.
MR. ZAFAR MUHAMMAD SHAIKH
DIRECTOR / PRESIDENT & CEO
He is a renowned professional having a successful career spanning over three decades of international and domestic banking experience with primary emphasis on treasury and fund management covering both conventional and Islamic banking. Throughout his career, he has served for almost 6 years as Director General Central Directorate of National Savings with additional charge of DG Debt in Ministry of Finance and successfully managed and enhanced cost effective total portfolio from PKR 1030 billion to over PKR 2500 billion (equivalent USD 24 billion) in 5 years. He has also been Additional Director General, Debt Management, Ministry of Finance, for two years during which he effectively managed Domestic/External Debt and played a pivotal role in issuance of Sukuk and Commercial Bonds in International Markets. Developed domestic and international investor base for selling short and long dated government securities. He also introduced, for the first time in Pakistan, 30-year government bond. Presented a comprehensive strategy for prudent hedging on exchange as well as interest rates on substantial external non-USD loan portfolio of G.O.P. totaling approximately USD 38 billion. He also served as Advisor on Forex and Debt Management / Head of Treasury to the Governor State Bank of Pakistan for Four Years. During the assignment with the State Bank of Pakistan, managed to almost achieve the ideal trinity of low interest rates, stable exchange rates and comfortable foreign exchange reserves. Achieved milestone in historic build up of Foreign Exchange Reserves / stability in Exchange Rate. Played a key role in the establishment of Reserve management and Risk management departments at the central bank. Introduced and developed KIBOR as prudent benchmark in the banking history of Pakistan.
Before joining Government of Pakistan, Mr. Zafar has also served various financial institutions in Dubai, London and New York for almost 18 years in senior capacities/treasurer of banks.