PMRC| Catagories Directors

Mr. Farrakh Qayyum retired as Secretary to Government of Pakistan.

He served as Secretary Economic Affairs Division, Finance, Petroleum and Natural Resources, Telecommunications and Information Technology, Privatization, and Science and Technology.

Mr. Qayyum has extensive experience in policy and strategy formation and implementation, institutional development, economic and financial evaluation, in managing multi-disciplinary teams for financial and development projects, and in working closely with commercial banks and multilateral and bilateral donor agencies.

Mr. Qayyum has played an instrumental role in the government’s financial sector and telecommunications sector reforms and successful privatization of PTCL and some of Pakistan’s key financial institutions, and negotiated and signed the Pak-Iran Gas Supply Agreement.

He has also served as Trade and Economic Minister at the Embassy of Pakistan in Washington DC, Special Assistant to the Finance Minister, and Additional Secretary (Econ) at the Prime Minister’s Secretariat.

Mr. Qayyum holds a Master Degree in Economics with a major in International Trade and Finance from the University of San Francisco, USA.

He has received certifications from the Kennedy School of Government, Harvard University, the Overseas Economic Cooperation Fund and several other prestigious organizations.
He has represented Pakistan as Alternate Governor World Bank and Asian Development Bank in their annual meetings.

He also served as Executive Director on the Board of Islamic Development Bank. Mr. Qayyum represented the Government on the Boards of Directors of State Bank of Pakistan, National Bank of Pakistan, and Pakistan International Airlines.

He has also been on the Boards of Directors of Allied Bank Ltd., Pak China Investment Company, and PAIR Investment Company Ltd.

He was a Member of the Economic Advisory Committee, constituted by the Ministry of Finance.

Mr. Qayyum is, presently, the Chief Executive Officer of GEI Pakistan (Pvt) Ltd., an affiliate company of Saif Group, and focused on delivering affordable and clean energy and power solutions for Pakistan.

Mr. Risha A. Mohyeddin is the Global Treasurer for HBL, responsible for Sales & Trading businesses (covering Fixed Income, FX, Derivatives & Structured Products, Equities) and Treasury/Balance Sheet Management activities, for the Bank’s global franchise.

Previously he has served as Regional Treasurer for Barclays Bank in Dubai and headed businesses in National Bank of Pakistan and United Bank Ltd., Pakistan.

Previously he worked at Citibank as Country Treasurer for Pakistan, and Regional Head of Structuring, based in Bahrain. During his career, Mr. Mohyeddin has worked closely with market bodies and regulatory agencies to help advance the regulatory structure of markets in several countries in the region, including Pakistan, Egypt and the UAE.

He has an MBA from Melbourne Business School, Australia and a Masters in Finance from Boston College, US.

Sonia Karim is the Managing Director for Nishat Chunian Group’s Power Division, comprising a 200 MW IPP and a 46 MW captive power plant. A senior business leader, with over 20 years of work experience in textile and energy sectors, she has worked in various roles, including marketing, sales, product development and production optimization in textiles; supply chain development, project finance, corporate finance, contract negotiation, policy making, operational optimization and performance measurement in the energy sector. She is currently leading a team of 300+ employees.

Sonia did her Bachelors in Electronics Engineering from the Ghulam Ishaq Khan Institute of Engineering Science & Technology and MBA from the Lahore University of Management Sciences. She has done executive courses from AOTS Japan, the London Business School and National University of Singapore.

Mr. Imran Sarwar serves as the Group Executive, Risk and Credit Policy and Group Chief Risk Officer at United Bank Limited.

Mr. Sarwar holds degrees in Business & Accounting from Ohio Wesleyan University and LLB from Punjab University. With over 27 years of diversified banking experience covering Corporate, Institutional, Investment Banking and Risk, he has worked in Pakistan, Australia, UK and UAE. Before joining UBL, he was Head of Corporate and Institutional Banking UAE for Standard Chartered Bank. He joined UBL in August 2017.

Ms. Mehreen Ahmed currently serves as the Group Head – Retail Banking at Bank Alfalah.

In this role, she is responsible for managing the Bank’s Retail, Commercial, SME & Consumer businesses across the country.

Her operational network comprises over 525 branches and she leads the banks sales effort for one of the widest product suites in the market.

She is also managing high-impact new businesses including Wealth Management, Premier Banking, and Payroll Banking alongside, Marketing, Communications, and Deposit Products.

She joined Bank Alfalah in 2012 as the Group Head for Consumer Business and New Initiatives. Her banking career spans over 25 years across Pakistan’s leading financial institutions including Standard Chartered, MCB, and Soneri Bank Limited.

She holds an MBA in Finance and Marketing from the Institute of Business Administration (IBA), University of Karachi.

Ms. Mehreen Ahmed represents Bank Alfalah on the board of the Pakistan Mortgage Refinance Company (PMRC), and is also a member on the Client Councils of leading international payment schemes.

Mr. Ahmed Taimoor Nasir is a Nominee Director, representing the Ministry of Finance, Government of Pakistan on the Board of PMRC.

Presently he is serving as Joint Secretary, Internal Finance Wing, Ministry of Finance, Government of Pakistan. He is also a Nominee Director of the Ministry of Finance on the Board of Zarai Taraqiati Bank Limited.

Mr. Taimoor has over 30 years of extensive experience in public sector with the Federal and Provincial Governments as well as with international organizations.

He has previously served as Director General to the Auditor General of Pakistan, Director General of the National Socio-economic Registry at BISP and Joint Secretary in the Power Division.

Mr. Taimoor holds Masters of Sciences (M.Sc.) in Accounting & Finance from Manchester Business School, UK and Masters in Computer Sciences from Shaheed Zulfikar Ali Bhutto Institute of Science and Technology, (SZABIST) as well as Bachelor of Engineering in Civil Engineering from University of Engineering and Technology, Lahore.

Tayyeb Afzal is an accomplished C-level executive with extensive experience spanning over 45 years across various sectors in geographies. His expertise lies in financial services, manufacturing, and professional services, particularly in the areas of risk governance, leadership, financial management, and strategic planning.

As the first corporate leader in Pakistan to achieve certification in Risk Governance® from the DCRO Institute, Tayyeb has demonstrated a strong commitment to best practices in corporate governance and risk management. His expertise extends to serving as an independent director, business advisor, and mentor to aspiring entrepreneurs, reflecting his dedication to nurturing talent and fostering growth in the business community.

With a reputation for board-level excellence, Tayyeb is widely recognized for his impactful contributions to leading public and private companies in Pakistan. His leadership of audit committees, proficiency in financial optimization, and strategic guidance on initiatives such as IPO planning, M&A, and due diligence underscore his strategic vision and operational acumen.

Having worked in diverse international markets such as the U.K., Canada, and various Middle Eastern countries, Tayyeb brings a global perspective to his roles, leveraging his deep understanding of different cultural contexts and business environments. His experience in external and internal auditing, corporate banking, and equipment leasing further enhances his ability to add value across a spectrum of industries and functional domains.

Tayyeb’s professional credentials as a Fellow of the Institute of Chartered Accountants of England & Wales (ICAEW) and a Fellow of The Association of Chartered Certified Accountants (ACCA) of the UK attest to his technical proficiency and commitment to upholding the highest standards of ethical conduct and professional excellence.

In summary, Tayyeb Afzal stands out as a dynamic and visionary leader with a proven track record of driving business success through strategic foresight, analytical thinking, and a deep-seated commitment to fostering organizational growth and innovation. His blend of global experience, industry expertise, and leadership capabilities positions him as a valuable asset to any organization seeking to navigate complex challenges and capitalize on emerging opportunities in today’s dynamic business landscape.

Mr. Shahid Alam Siddiqui is Senior Executive Vice President and Group Head Retail Banking at Askari Bank Limited. In this role he is leading more than 500 conventional branches consisting of 08 Regions, Consumer Banking, SME & Commercial, Agriculture & Rural Business Divisions, Home Remittance Department & China Desk. He is also a member of Bank’s Management Committee (MANCOM), Business Continuity Plan (BCP) Steering Committee, Credit Risk Management Committee (CRMC), Agri Credit Committee (ACC), Compliance & Control Committee of Management (CCM), Asset Liability Committee (ALCO), Operational Risk Management Committee (ORMC), Conduct Assessment Framework (CAF) Committee and Information Technology & Security Committee.

On the educational front, Mr. Shahid Alam Siddiqui is a double Master’s Degree holder in Banking, Finance & Business Management. Apart from holding Master of Business Administration degree from Pakistan, he did his M.SC from University of Gloucestershire UK.

Mr. Shahid Alam Siddiqui is a seasoned Banker having local & foreign banking experience of around 35 years. He started his professional journey in 1989, with Bank of Credit & Commerce International (BCCI) and in 1992, joined the newly established Askari Bank Limited. Having keen learning aptitude and focused approach towards professional & personal growth, he excelled in his Banking career; becoming Head of different Departments. In 2008, he enriched his work experience by joining United National Bank Ltd, UK where he was elevated to the position of Regional Business Development Manager for North West UK.

In 2011, Mr. Shahid Alam Siddiqui joined Askari Bank Limited as Head Operations and in this role, he brought about valuable transformation and revamped operational procedures to make them more effective and efficient. He then headed major Regions North-I & North – II of the Bank. Under his dynamic leadership, active engagement with customers as well as Branch teams, the Regions successfully achieved milestones. Mr. Shahid Alam Siddiqui has also held the Senior Management positions of Country Head Consumer Banking Division, Country Head Institutional Sales Division and Group Head Islamic Banking Division.

The diversity of business segments successfully headed throughout the years have provided a comprehensive and well augmented experience portfolio that Mr. Shahid Alam Siddiqui has successfully employed towards achievement of the Strategic Directives of the Bank. His core competencies include result oriented focused approach, well-honed business insight, capitalization of key business avenues to boost Bank’s revenues and bringing about technology-based solutions to improve operational efficiencies.

Mr. Mudassir H. Khan is the Managing Director/CEO of Pakistan Mortgage Refinance Company Mr. Khan holds an Executive Masters in Business Administration (update) from Stern School of Business, New York, USA and a Masters in Finance from St. John’s University, New York, USA.

He is also an Electrical Engineer from University of Oklahoma, USA.

With over 29 years of diversified banking experience primarily covering Retail, Corporate & Investment Banking, Operations, Risk and Development Banking.

Before joining PMRC, Mr. Khan worked with National Bank of Pakistan for four years as SEVP/Group Chief Retail & Commercial Banking and as Group Chief Payments & Digital Banking.

Prior to that, he was with HBL for nine years, holding different portfolios as SEVP Group Head Global Operations, CIO, CCO and Head of Basel and Operational Risk.

He also worked with the World Bank for more than fourteen years in the area of Financial Sector, South Asia Region, based in Pakistan and also worked in Afghanistan, Bangladesh, Nepal, Maldives; as well as in the Africa Region in Ghana, Uganda, Kenya and Sierra Leone.

Before joining the World Bank, he worked in the field of Corporate and Investment Banking with Citibank, N.A and Bear Stearns in Pakistan and in USA.

Mr. Khan had been a speaker at many conferences locally and internationally related to housing finance, banking & digital transformation, banking operations and reforms and risk management.

He had also served in many Boards as Director and was the Chairman of NBP Fullerton Asset Management (NAFA) and of First Women Bank Limited (FWBL).

He is currently MD/CEO PMRC and member of the Board of Pakistan Microfinance Network as Independent, Non-Executive Director.