Naeemuddin Khan has been appointed CEO and Managing Director of Pak-Libya Holding Company (Pvt) Ltd. At present, he is Member, Banking, Corporate and Industrial Restructuring Corporation, Lahore. He has over 25 years diversified international banking experience.
Besides, he has rendered valuable services in the field of remedial banking and revival & rehabilitation of sick industrial units. He started his banking career from Grindlays bank in 1978. He served as branch manager of Grindlays Bank in Islamabad, Rawalpindi, and Lahore. In 1991, he joined Emirates International Bank as Chief Manager, Lahore. In 1998, he joined United Bank Limited as SEVP/Head, Special Assets Management Division having default portfolio of over Rs 30 billion.
In 2001, he was seconded by Prime Minister Shaukat Aziz and then State Bank of Pakistan Governor Dr Ishrat Hussain to Corporate & Industrial Restructuring Corporation as Member, Banking. He developed functional layout of the Corporation and successfully handled all its operations.
He helped in achieving the targets of successful privatisation of UBL and HBL as well as mergers. He is also a Member of Verification Committee constituted by Governor State Bank of Pakistan for verification of bona fide financial disputes between the banks and borrowers. The Committee has resolved financial disputes involving 15 to 20 years old stuck up claims of the banks worth Rs 2 billion.
In CIRC, he managed due diligence of 779 NPLs loans referred from HBL, IDBP, NBP, NDFC, UBL and ZTBL involving outstanding liabilities of over Rs 142 billion and helped in resolution of over Rs 39 Billion resulting in revival of 240 sick industrial units which created job opportunities for 75,000 persons. As a special assignment, he has successfully recovered overseas loans worth about Rs 1 billion, which were stuck up for the last 35 years.
He completed his education from Forman Christian College and PACE University, New York, USA. He has the honour of delivering presentation at Asian Development Bank, Manila, regarding setting up of Restructuring Bodies in Asian Countries. He also represented Pakistan in Egypt's International Economic Forum Cairo and delivered presentation on the reforms of non-performing loans in Pakistan. In 2004, he was awarded Muzaffar Memorial Gold Medal by SBP Governor in recognition of meritorious services to the Banking industry in Pakistan.-PR
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