Pakistan Kuwait Investment Company (Private) Limited
Syed Faizan Zafar is a skilled financial professional with extensive experience in product development and commercial banking. Currently serving as Product Development Manager at Pakistan Kuwait Investment Company (Private) Limited since June 2023, Syed Faizan Zafar oversees product development processes backed by thorough research and analysis. Previously, Syed Faizan Zafar worked as Relationship Manager at Meezan Bank Limited, managing a USD 40 million credit portfolio and conducting risk assessments. Early career experiences include positions at Orient Energy Systems, Summit Bank Limited, and United Bank Limited, as well as earning an MBA in Marketing from the Institute of Business Administration and multiple degrees in Economics from Karachi University.
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Pakistan Kuwait Investment Company (Private) Limited
Pakistan Kuwait Investment Company (Private) Limited (PKIC) is Pakistan’s leading Development Financial Institution (DFI) engaged in investment and development banking activities in Pakistan. PKIC was established as a joint venture between the Governments of Pakistan and Kuwait in 1979 and the company initiated operations with a paid-up capital of Rs. 62.50 million. Over the years paid-up capital and reserves have increased manifold and currently the total equity stands at a healthy Rs. 8.9 billion, reflecting upon the company’s impressive performance since inception. PKIC was the first Development Financial Institution (DFI) of its kind in Pakistan with an objective to induce infrastructural development, a purpose it has lived up-to successfully. PKIC as a development financial institution has played a pivotal role in promoting industrial activity, by way of equity and debt investment in key areas of the economy. PKIC continues to serve as a medium for catalyzing infrastructure development and enhancing real economic activity, helping the nation in achieving a steep yet sustainable growth trajectory. PKIC is a progressive and evolving organization providing attractive returns on investment to its shareholders. PKIC’s impressive history of dividend payouts, which amounted to Rs. 10 billion since the time of its inception, is a testimony to its investor-friendliness. The company’s strength lies in its strong business relationships within Pakistan and the Gulf region.