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Governance

Board of Directors

PACRA’s Board of Directors comprises a well-balanced group of professionals, bringing together diverse expertise across finance, governance, public policy, and industry. The Board includes a mix of independent and non-executive directors, along with the Chief Executive Officer/Managing Director, and reflects a commitment to diversity and inclusive representation, including female participation.

The Board plays a pivotal role in ensuring strong governance, with clearly defined roles, functions, responsibilities, and accountability. Its primary responsibility is to set the overall direction and strategy of the Company while fostering a culture of ethical conduct and compliance. In furtherance of sound governance practices, the Board actively establishes and oversees a policy-based governance framework, periodically reviews its bylaws, ensures avoidance of conflicts of interest (including perceived conflicts), and exercises its fiduciary duties to safeguard the Company’s assets.

The Board promotes an open and transparent environment where members are encouraged to express their views freely. Decisions are made through informed discussions and consensus, and members may bring any matter for deliberation at Board meetings with the Chairman’s permission.


Mr. Usman Haider

Chief Executive Officer/Managing Director
Mr. Zafar Abbas

Mr. Zafar Abbas

Chairman & Independent Director
Mr. Mumtaz Hussain

Mr. Mumtaz Hussain

Non-Executive Director
Mr. Najaf Yawar Khan

Mr. Najaf Yawar Khan

Non-Executive Director
Mr. Amir Mahmood

Mr. Amir Mahmood

Independent Director
Ms. Saniya Ali

Ms. Saniya Ali

Non-Executive Director
Mr. Muzaffar Ahmad Virk

Mr. Muzaffar Ahmad Virk

Non-Executive Director Nominee M/s LSE Ventures Limited
Mr. ASIF NATHANI

Mr. Asif Nathani

Non-Executive Director Nominee M/s LSE Ventures Limited
Mr. Khalid Aziz Mirza

Mr. Khalid Aziz Mirza

Independent Director

Code of Conduct for the Board of Directors

PACRA observes the highest standard of integrity and fairness in all their dealings. The Directors are expected to articulate and demonstrate high standards of honesty and integrity. They are required to observe ethical and law abiding behaviour in the organization. The BOD is responsible for setting up the standards of conduct in accordance with the regulatory requirements and the best practices. The BOD is expected to understand the prevailing Code of Conduct (by SECP, ACRAA and Other regional good practices) and uphold these standards and ensure compliance. PACRA's BOD affirm compliance to SECP approved code for PACRA on an annual basis. The current Code of Conduct has been adopted by the BOD in their 67th Meeting held on 18th June, 2010. The Board takes care of:

  • Compliance with laws, rules & regulations
  • Ethical conduct
  • Confidentiality
  • Conflict of interest
  • SECP restriction on Directors of Credit Rating Companies
  • Insider trading
  • Gifts
  • Reporting of any illegal or unethical behavior
  • Protecting company assets
  • Waivers and Modifications

Directorship History of PACRA

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