Usman Haider currently serves as the Chief Executive Officer of The Pakistan Credit Rating Agency Limited (PACRA) since January 2023. With an extensive background in finance and corporate management, Usman has held various leadership positions, including Director and Chief Executive Officer at Aequitas (Private) Limited since August 2010 and Director at TASDEEQ since March 2016. Additionally, Usman has directed operations at TenX (formerly Analytics Pvt Ltd) since May 2010 and previously served as Director of Corporate Finance at Crosby Capital Pakistan from January 2004 to August 2010. Early career highlights include roles as Head of Treasury & Corporate Finance at First Capital, WorldCALL Group from February 2000 to December 2003, and Vice President Finance at Southern Electric Power Company Limited from July 1996 to January 2000.
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The Pakistan Credit Rating Agency Limited [PACRA]
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PACRA - The first and leading credit rating agency of Pakistan was established in 1994 as a joint venture among Fitch Ratings (the world's leading international rating agency, at that time IBCA Ratings), IFC (International Finance Corporation), and LSE Financial Services Limited ( at the time Lahore Stock Exchange). Since its inception PACRA have over 8500 opinions spread across more than 10 distinct financial sectors and more than 45 distinct corporate sectors; all these are a testament to its expertise, exceptional command, market leadership, and the confidence reposed in its opinions. The current outstanding rating opinions stand at over 500. More than 40% of the KSE-100 index companies are rated and have a rating opinion on every third rupee of corporate debt raised in Pakistan through the banking sector. PACRA along with its strong national position has also enhanced its international presence over the years. This includes successful completion of international rating assignments in collaboration with Fitch and providing technical assistance to NCR Bangladesh and Lanka Rating Agency. The ownership and management structure of PACRA ensures complete independence from any direct or indirect control of the government, political influence, private sector business group, or financial institution. Hence, the rating assigned by the rating committee of PACRA reflects a true and objectively formed opinion of the credit risk. PACRA's "over-quarter of a century" experience is equipped with a full range of credit rating and specialized rating services. Our Credit rating includes corporate entities and fixed income instruments. In contrast, the Specialized Ratings help gauge the risks across factors other than the probability of default. Specialized ratings include Financial Strength ratings of modarabas, Mutual Fund ratings, Insurer Financial Strength (IFS) ratings for insurance companies, Broker Fiduciary Ratings (BFR), and, Social Impact & Performance ratings (SIP).