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Mr. Salim Raza, Ex-Governor State Bank Joins Karandaaz Board of Directors

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Lahore, February 13, 2019: Karandaaz Pakistan announced the appointment of
Ex-Governor State Bank of Pakistan Mr. Salim Raza on its Board of Directors.

Mr. Salim Raza has over 40 years of experience in the banking and financial sector. Mr. Raza
has held the position of the 15th Governor of the State Bank of Pakistan (SBP) after having
worked in international banking for 36 years. His business experience covers credit and
corporate finance, real estate, and global asset management. He has also been
the CEO of Pakistan Business Council (PBC). During his tenure at SBP and his association with
PBC many innovative initiatives were introduced to assist deepening of debt Capital markets,
broadening financial inclusion,increasing access to credit for the agricultural and SME sectors,
reforming and improving efficiency within the banking sector, and advancing the cause of
economic empowerment. Prior to that, Mr. Salim Raza held various positions at Citibank NA in
Pakistan and abroad and served as Country and Regional Head for Citibank across various
geographies in the Middle East, Asia, Africa, the UK, Central and Eastern Europe.

In September 2018, Mr. Salim Raza was appointed to the Prime Minister of Pakistan’s Economic
Advisory Council as a member representing private sector.Mr. Salim Raza holds a combined BA
and MA degree from Oxford University where he studied Politics, Philosophy and Economics at
Oriel College. He currently serves on the Boards of Habib Bank Limited, International Industries
Limited, and Planet N Group. He is an adjunct professor at the Institute of Business
Administration (IBA), Karachi for Political Economy and also lectures on a variety of economic-
development related subjects at different forums.

Karandaaz Pakistan is a not-for-profit Company established in August 2014 and focuses on
fostering economic growth and creating jobs through financial inclusion of unbanked individuals
and unserved enterprises, with a special focus on women and youth. Karandaaz Pakistan receives
financial support from the UK’s Department for International Development (DFID) and the Bill
& Melinda Gates Foundation (BMGF).

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