KARACHI: Muhammad Shoaib Ibrahim, Chief Executive, First Habib Modaraba has been elected as Chairman, Mian Faysal Riaz, Chief Operating Officer, OLP Financial Services Pakistan Limited as Senior Vice Chairman and Abdul Rauf Chandio, Chief Executive Officer, Sindh Modaraba as Vice Chairman of NBFI & Modaraba Association of Pakistan for the year 2026-27 & 2027-28. The new committee will assume the office on October 1, 2026, for a two-year tenure ending on September 30, 2028.

The other Executive Committee Members comprise the following:

Waqas Ahmad Khwaja, CEO, OLP Modaraba, Javed Iqbal, CEO, Parwaaz Financial Services Limited, Naweed Akhtar Sharif, CEO, Smart Finance Limited, Faiq Sattar Khan, CEO, Asaan Ghar Finance Limited, Syed Nouman Akhtar, COO, Cordoba Financial Services Limited, Shiraz Butt, COO, First Punjab Modaraba and Azka Amin, CS, PostEx Financial Services (Pvt) Limited.

A large number of CEOs and other executives of the Sector attended the AGM. Zulfikar Ali Shah, the DGTO appointed election observer was also present.—PR