Further, the Board of PCGC has been formed having representation from MoF, SBP, and Private Sector. DFID representative will act as an observer on the Board.
Mr. Kamran Shahzad, former Deputy Governor, SBP has been appointed as Chairman of PCGC Board while Executive Director -DFG is representing SBP on the PCGC Board as a nominee director from SBP. SMEDA also has representation being a key stakeholder of SME sector. The first meeting of the Board was held on 12th April 2019 at SBP, Karachi.
Dr. Saleem is a trained regulator and worked in various departments at State Bank of Pakistan (Central Bank), Karachi. Previously, he also worked as a Chief Operating Officer of Pakistan Mortgage Refinance Company. He was also visiting professor at Center for Business Management (CBM) Karachi. He also worked as Director, Development Finance Support Department and Quality Assurance department, State Bank of Pakistan. Previously his posting includes as a Chief Manager and Senior Joint Director, Infrastructure and Housing Finance Department with State Bank of Pakistan, Karachi. He has extensive experience of public and private sector development, Capital market development, credit enhancement mechanism, including refinance, risk sharing and creating regulatory framework for private sector development and banking regulation. Dr. Saleem also has expertise in measuring power and banking sector performance, power sector regulation and infrastructure related fields. He leads the team of analysts on development finance. Much of his work is on managing team, implementation of development finance schemes related to Renewable Energy, and green finance. His focus is to develop strategies in response to market and conducting research about enhancing development finance in Pakistan. He has been closely working with World Bank, IFC and ADB to develop proposals and projects for the development of capital market, housing, SMEs, in Pakistan.
His book on “Privatization and Regulation of Electricity Sector” has been published in Germany and available at www.amozon.com and other well-known international book stores. Dr. Saleem holds master of Economics (MSC) degree, Master of Philosophy in Economics (M.Phil) and Doctor of Philosophy (PhD) degree from Australian National University Canberra, Australia. He also did certificate from Wharton Business School, University of Pennsylvania, USA. He also completed a certificate on Policy and regulation at Boulder Institute, International Training Center, ILO, Turin, Italy. He is author of several research publications. He is also member of Board of Higher studies of IOBM, Karachi and Member academic Board of IBP Karachi and Senior Faculty member of NIBAF Islamabad.
Mr Waqas ul Hasan, Senior Private and Financial Sector Development Adviser, DFID Pakistan. Mr Waqas ul Hasan has over 15 years of experience of designing and managing private and financial sector programmes. He designed DFID’s £200m 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. He has been lead adviser for DFID’s £50m Financial Inclusion Programme (FIP) 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. Pakistan Credit Guarantee Company (PCGC) is spinoff of the credit guarantee facility for small and rural enterprises setup under FIP. At DFID, Mr Hasan is also lead adviser for infra finance initiatives which include £40m Public Private Partnerships assistance to the provinces of Sindh and Punjab and the federal Govt of Pakistan, setup of Infra Zamin Pakistan (a credit enhancement facility for infrastructure projects) and the Pakistan Infrastructure Bank.
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, PMIC and PCGC. Mr Hasan is 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.
