KARACHI: Basheer Ahmed Chowdry, Chief Executive, Trust Modaraba has been elected as Chairman, Muhammad Naimuddin Farooqui, Chief Executive, Sindh Modaraba as Senior Vice Chairman and Irfan Ahmed, Chief Executive, Primus Leasing Limited as Vice Chairman of NBFI & Modaraba Association of Pakistan for the year 2020-21. This was announced by Mahfuz-ur Rehman Pasha, Member Election Commission, in the 10th Annual General Meeting of NBFI & Modaraba Association of Pakistan held on September 24, 2020 through Zoom Video link. The following members were also elected as Member Executive Committee: Muhammad Sadiq Sheikh, CEO, Modaraba Al-Mali will continue for another one year ending 30th September 2021; Shiraz Butt, CEO, First IBL Modaraba; Zainuddin Aziz, CEO, First Al-Noor Modaraba; Qazi Obaid Ullah Ansari, CS, First Equity Modaraba; Shabbir Ahmed Jamsa, CS, First Imrooz Modaraba; Muhammad Shahzad, CFO/CS, SME Leasing Limited; Zunaira Dar, CS, First Treet Manufacturing Modaraba.
Earlier Muhammad Shoaib Ibrahim, outgoing chairman, highlighted the events and activities undertaken by the NBFI & Modaraba Association of Pakistan during the last year. He congratulated and welcomed the newly elected committee led by Basheer A Chowdry and said he and his team had tried to resolve sector issues to a great extent but challenges still prevail particularly in the field of regulatory issues such as Amendment in Modaraba Rules and Modaraba Ordinance, Tax issues pertains to Sindh Revenue Board (SRB) and other related issues.-PR
Copyright Business Recorder, 2020
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