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_: PAGE: TELL US SOMETHING ABOUT YOURSELF?
NAIM FAROOQUI: Upon completion of my schooling from Karachi Grammar School in December 1973, ? proceeded to United States for higher studies, ? obtained a Bachelor's degree in industrial engineering from University of Houston, Texas in 1978 and subsequently did my mba from Texas Southern University in 1983.
While studying for MBA, I also worked as an engineer at B.J. Hughes, oil drilling equipment manufacturing company. After obtaining my MBA degree, ? decided to relocate to Pakistan in 1983 where I changed my profession from an engineer to that of a banker, it was then that I joined National Development Finance Corporation (NDFC), a development financial institution (DFI) which needed MBAs with engineering degree. My engineering expertise helped immensely, particularly in cost estimation of projects and subsequent determination of the project feasibility.
At NDFC, I initially worked in project finance division and then in the merchant banking division (MBD), more commonly known as investment banking.
At MBD, I was in charge of managing an equity portfolio of over Rs2 billion which included NDFC's investment in its subsidiaries/affiliates such as rdfc, ndlc, fcdc, brr Modaraba, etc. besides being responsible for fee based activities relating to investment banking.
After having served NDFC for about 10 years, I joined Asian Finance and investment Corporation Ltd (AFlC), an affiliate of the Asian Development Bank in 1992 where my last assignment was as Managing Director (operations).
My responsibilities included managing staff who were assigned to invest and lend to private sector commercial entities in the Asia Pacific region, including Pakistan. A major portion of my function was dedicated to the assessment of proposals relating to investment in funds, infrastructure projects, commercial and investment banks.
I left AFiC to join ORix investment Bank Pakistan Ltd (OIBP) in 1998 where I was already serving as a nominee director of AFIC since 1996.
AFIC had taken a 7.5 per cent equity stake in OIBP along with ORIX Corporation, Japan, ORIX Leasing Pakistan (OLP) and other major financial institutions in Pakistan....