The 12th Year Book of NBFI and Modaraba Association of Pakistan was unveiled at a ceremony held physically and through zoom video link on Thursday July 14, 2022.
The ceremony was presided over by Mr. Aamir Khan, Chairman, SECP and also attended by Ms. Sadia Khan, Commissioner, SECP, Mr. Tariq Naseem, Registrar Modaraba, SECP, Ms. Khalida Habib, Executive Director and other senior members of the SECP. Chief Executives of Modarabas, Leasing Companies, Investment Finance Services and senior officials from other financial entities also participated. The year Book was presented to the Chief Guest by Ms. Khalida Habib and Mr. Tariq Naseem on behalf of the Association as the ceremony was arranged on zoom video link.
Aamir Khan, Chairman SECP stated that NBFI & Modarabas sector holds enormous untapped potential to support the growth of the economy by serving as a conduit between businesses and the capital market and needs to expand its role from complementing the banking sector to being at forefront of advancing financial inclusion in Pakistan.
Mr. Raheel Qamar Ahmad, Chairman, NBFI & Modaraba Association of Pakistan thanked the Chairman SECP for gracing the event and in his welcome address shared the issues of the sector and requested the Chairman SECP for resolution of issues highlighted, he also mentioned the initiative taken by the Association for the betterment of the sector like Hybrid Internship Program, Academia Course Development, Trade Association Awareness Seminars.
Best Performance Awards were also distributed during the event the top performers of the non-Banking and Modaraba Sector, based on 30th June, 2021 results, OLP Financial Services Pakistan Limited secured first position while First Habib Modaraba secured Second position. The third position award was given to OLP Modaraba & Allied Rental Modaraba. B.R.R. Guardian Modaraba, Orient Rental Modaraba, LSE Financial Services Limited were also awarded based on criteria of significant improvement / growth (volume wise) in Profit and cash dividend payout.
In the end Mr. Basheer A. Chowdry, CEO, Trust Modaraba offered vote of thanks to the Chief Guest Mr. Aamir Khan and his team for their continued support and guidance to the Sector.
Mr. Aamir Khan, Chairman, SECP Launching Year Book 2021 with Ms. Khalida Habib, Executive Director & Mr. Tariq Naseem, Registrar Modaraba
Mr. Ramon Alfrey, Dy. CEO, OLP Financial Services Pakistan Limited receiving the Award of 1st Position from Mr. Raheel Q. Ahmad, Chairman of the Association & CEO, OLP Modaraba
Mr. Muhammad Shoaib Ibrahim, CEO, First Habib Modaraba receiving the Award of 2nd Position from Mr. Raheel Q. Ahmad, Chairman of the Association & CEO, OLP Modaraba
Mr. Muhammad Saad, CFO, Allied Rental Modaraba receiving the Award of 3rd Position from Mr. Raheel Q. Ahmad, Chairman of the Association & CEO, OLP Modaraba
Mr. Raheel Q. Ahmad, CEO, OLP Modaraba receiving the Award of 3rd Position from Mr. Shaheen Amin, CEO, OLP Financial Services Pakistan Limited
Mr. Ayaz Dawood, CEO, B.R.R. Guardian Modaraba receiving the Award of significant improvement / growth (volume wise) in Profit and cash dividend payout from Mr. Raheel Q. Ahmad, Chairman of the Association & CEO, OLP Modaraba
Mr. Teizoon Kisat, CEO, Orient Rental Modaraba receiving the Award of significant improvement / growth (volume wise) in Profit and cash dividend payout from Mr. Raheel Q. Ahmad, Chairman of the Association & CEO, OLP Modaraba
Mr. Muhammad Shoaib Ibrahim, CEO, First Habib Modaraba receiving the Award on behalf of LSE Financial Services Limited of significant improvement / growth (volume wise) in Profit and cash dividend payout from Mr. Raheel Q. Ahmad, Chairman of the Association & CEO, OLP Modaraba
View of Participants
Group Photo of Participants of Launching Year Book 2021