A representative body of Asian Development Bank (ADB) comprising of Mr. Asad Aleem, Mr. Shaheryar Ali Choudhry, Mr. Nasruminallah Mian and Mr. Munir Abbasi visited the office of NBFI & Modaraba Association of Pakistan on March 21, 2023 and discussed the following agenda item:
1.To highlight ADB’s operations in Pakistan and expected areas of support going forward
2.To better understand the role of NBFIs and Modarabas in Pakistan
3.What are the impediments / challenges faced by NBFIs and Modarabas
4.Since ADB has a seat at the policy table with Federal government, what kind of policy interventions the association would like to suggest to improve the business climate
Mr. Mahfuz-ur Rehman Pasha, Chairman of the Association & CEO, Pak-Gulf Leasing Company Limited, Mr. Basheer A. Chowdry, CEO, Trust Modaraba, Syed Izzat Hussain, Secretary General, NBFI & Modaraba Association of Pakistan and Mr. Muhammad Samiullah, Advisor to the Chairman Association participated the session.
The Chairman Association shared with the mission of ADB all the Regulatory, Taxation, Operational, Administrative issues and problems impeding the growth of the Sector.
L-R: Mr. Shaheryar Ali, Mr. Munir Abbasi, Mr. Muhammad Samiullah, Mr. Basheer A. Chowdry, Mr. Asad Aleem, Mr. Mahfuz-ur Rehman Pasha, Mr. Nasruminallah Mian & Syed Izzat Hussain