image

Mr. Nessar Ahmed

Director

Mr. Nessar Ahmed had an excellent academic record. After completing his high school education from Dhaka, he moved to Karachi were he completed his bachelor's degree in Commerce and got an MBA degree in 1973 from the Institute of Business Administration, Karachi. He started his career from National Development Finance Corporation where he served for 16 years. He then joined Crescent Investment Bank Limited (CIBL) as President and CEO till 2003.  He also served as Chairman on the Board of International Housing Finance (IHFL) venture between Commonwealth Development Corporation (CDC), CIBL and IFC.

He has attended various International Seminars and Conferences relating to Project Financing, Venture Capital, Privatization and International Loan Negotiations sponsored by the Asian Development Bank, World Bank, etc.

He excels in the Financial and Capital Market Operations and has had over four and a half decades of experience in the field of Investment and Development Banking.

He has been involved in Project Financing and Capital market improvement projects in Pakistan from almost the start of his career in the mid 70s and has been involved in dealing with the World Bank, Asian Development Bank, International Finance Corporation, Islamic Development Bank, and other international banks of developed countries like CDC, DEG etc till his retirement.

Since then, Mr Nessar Ahmed has been effectively utilizing his professional expertise and insights as freelance Consultant and Advisor in varied fields with a major focus on textiles, finance and energy sectors, project rehabilitation and financial restructuring.

Mr. Ahmed has served on boards of various listed and unlisted companies since the mid 80s in the Financial, Energy, Insurance, Real Estate, Telecommunications and Housing sectors.

He has also been member of various bilateral negotiation teams representing Pakistan. He was a part of the Negotiating team at the Economic Cooperation Organization meetings in late 80s where the establishment of the ECO Trade and Development Bank and establishment of Pak- Iran Gas Pipeline were first mooted. In fact, it was his idea of having a Trade and Development Bank for a Common Market among member countries besides Promoting Joint Venture Projects among the member countries.

In the Energy Sector his major directorships were in the Gas distribution and Transmission sectors particularly SSGC and SNGPL on whose board he was elected as a Private Sector Director.

As a non- executive Independent Director on the boards of SSGC and SNGPL, he also served as Chairman, Audit Committee, wherein besides other issues the issue of UFG and disputed receivables received major focus and they were duly reported in the Annual Accounts for ensuring transparency and better governance, two of the major functions of any Board of Directors