Director's Profile

Our company's decision-making and supervisory process is based on the highest standards of governance, transparency, and accountability. Under such policy, the Board of Directors (BOD) governs the strategic financial decisions, administers the performance of management, sets corporate management policies, and makes strategic decisions on business execution.

A qualified and committed team of Directors is essential for organizations’ success. FPM's Boards of Directors (BOD) composed of four Non- Executive Directors, one Executive Director and Two Independent Directors.

Mr. Tanveer Ahmed Magoon

Chairman and Director, First Paramount Modaraba

Mian Tanveer Ahmed Magoon is a well-known and respected personality among business community and other segments of Pakistani society. He is a businessman, educationist and philanthropist, all in one personality. After completing higher education in business, in 1967, he achieved advance diploma in Leather technologies from National Leatherseller’s College, London and returned to Pakistan to lay foundation of Shafi Group of Companies with his associates. He served as director of Shafi group from 1967 till 2008, when he was elected to become Chairman of the group. For his profound understanding of Leather industry, he was elected as Vice Chairman of Pakistan Tanners Environment Society and served from 1998 till 2015. Currently, he is the Chairman of Pakistan Tanners Association (South Zone) since 1996. Mr. Magoon was an important and influential part of new management that took over operations of First Paramount Modaraba in 1997. Since then, he has been serving as director and chairman of the board of FPM. He has played a pivotal role in keeping the true spirit of true Islamic financial institution alive in FPM, by introducing desirable financial instruments of Musharakah, Modaraba, etc. Mr. Magoon is mentoring under directorial and presidential capacities, for different business and non-business organizations such as Pakistan Business Forum – Chairman since 1995; Green Crescent Trust – Managing Trustee since 1995; Institute of Policy Studies (IPS) – Director from 2000 till 2016; Al-Hamra Housing Society – President from 2009 to 2011 and Karachi Cooperative Housing Society Union – Director from 2001 to 2016.

Syed Wajih Hassan


Mr. Hassan has more than twenty years of financial and banking experience involving Business Development, Corporate Finance and Credit and Risk Management Services. During his proficient career, he has been associated with various institutions such as ABN AMRO Bank N.V, Network Television Marketing, International Credit Information Limited (ICIL). He has conducted several specialized trainings and assignments in Banking, Finance, AML, Islamic Finance and Audit. Mr. Hassan brings with him diversified experience in Financial Management & Corporate Finance. Mr. Hassan is Fellow Member of Institute of Chartered Accountants of Pakistan (ICAP), Associate Member of Corporate Institute of Secretaries and Associate Planner of BCI England.


There are the people who believe that the world moves forward on the back of inspiration and ideas. For them a day is more than 24 hours. A day is an opportunity to make something happen-to make a positive difference. They are the people who believe that making a contribution matters. And they find it impossible to go about their lives any other way. Mr. Pir Mohammad A Kaliya is one amongst them. Being a commerce professional Mr. Kaliya rendered remarkable services in different institutions of the country. He also represented Pakistan at various international forums and earned a name not only for himself but also for the country. A summary of his achievements and commitments is enumerated below:- • Former President of Institute of Chartered Accountants of Pakistan (ICAP). • Former President of South Asian Federation of Accountants (SAFA). • President of Institute of Corporate Secretaries of Pakistan (ICSP). (He was one among the Founders of ICSP) • Vice President of World Memon Organization and Chairman World Memon Organization Pakistan Chapter. • Chairman of First Coordination Committee of Memon Professional Forum (MPF). • Honorary General Secretary of Memon Educational Board. • President of All Pakistan Memon Women Educational Society. • Former President of Bantva Memon Jamat, the largest Memon Jamat of the world. Mr Pir Mohammad A. Kaliya, FCA is a Fellow member of ICAP and an Associate member of ICMAP, Chartered Institute of Management Accountants of the United Kingdom and the Institute of Chartered Secretaries and Administrators of the United Kingdom. Mr. Pir Mohammad A. Kaliya, during his term in the ICAP Council from 1971, was elected as its Vice President for the years 1974-75 and 1998-99. He was elected as President of ICAP for the year 2000-01. He also served various important Committees of ICAP during this period. Mr. Pir Mohammad A. Kaliya was elected as President of SAFA for the year 2001 at 43rd Assembly meeting


Mr. Khalid Rahman, Director of First Paramount Modaraba. Masters in Economics and vast experience in Research, Training and Management, Mr. Khalid Rahman has served on Directorial capacities in different reputable organizations. Presently, he is also engaged with Institute of Policy Studies (IPS) as Director General whereby he has conducted over 400 Seminars and Round-Tables organized by IPS. He is also the editor of IPS Journal “Policy Perspective”. As the core focus of his research is on National & Regional Policies, Religious Educational Institutions and China; he is frequently invited by various research and training institutions as “Master Trainer”. He has 19 publications (written/edited) and a number of papers to his credit. He is on the Boards of a number of social and development organizations and contributes frequently on current affairs



Over 47 year IT Career of which 31 years with IBM in various technical and management positions. Major IBM Projects: PIA Reservation & Engg Systems, CDC Concept, design and setup, First Master Card switch setup in South Asia, Urdu language on ATMs, etc. Completed 2-year residency at IBM Airline Support Center, London.Upon early retirement from IBM in 2000 started my new career as IT Consultant and Trainer. Managed large SW houses that exported to US market, trained thousands of students and executives. Major projects after 2000: Passed CISA exam 2003 PPL PRISM (BPR and SAP Implementation); PSM ERP (IT Strategic Plan, BPR plus Oracle Manufacturing Apps). Design and Development of Manufacturing and Healthcare ERP's CMMI Level 2 Certification at Prislogix; Nationwide Secondary Sales Solution - design and roll-out at Young's Food, data base level integration with Dynamics AX 2012 as back-end, mobile phone based tracking of Order Booker team (in 2014), etc. Set up ILM Network - motto 5 Star training at 2 Star cost! Developed 5 Year Strategic Plan 2015-2020 for E-Governance in Sindh Project Manager Roles : PIA 24 x 7 Reservation Apps Migration, CDC Company and Depository Setup, IBA CCS setup, E-Governance Project for IT Department, Govt. of Sindh (2012- today), HMIS at AlKhidmat Hospital (2014) Current Position: Director FPM Solutions, Consultant Industrial Liaison PAF KIET, Senior Consultant E-Square Services, IT Consultant Young's Food Recent Projects Govt. of Sindh , IT Department - IT Consultancy for development of 5-year Strategic Plan for E-Governance for entire province (currently in progress); IT and Management Consultancy at Nizam Energy, BSL (logistics), KGS (academia) One Day Executive Courses: 'Information Systems Audit' , 'Managing ERP and other large IT Projects' Specialties: Information System and ERP Audits, Business Solutions design and development, SW and Other Process Improvement, Professional & Legal Issues, Corporate and Academic trainings

Abdul Razzak Jhangda

Mr. Abdul Razzak Jangda is serving as Non-Executive Director of Paramount Investments Limited, the management company of “First Paramount Modaraba”, since the new management of Modaraba took over operations in 1998. Mr. Jangda was a double graduated with a Bachelor of Commerce (B.Com) and Bachelor in Law (LLB.) from S. M. Law College. He also completed Master’s Degree in Economics from University of Karachi. Mr. Jangda completed different specialized banking courses from IBP and continuing as Fellow member of Institute of Bankers Association (IBP). He possess over three and a half decades (38 years) of professional banking experience. His major association in the banking sector was with MCB Bank where he served for 35 years and attained the position of “Director - Supper Board” – SEVP. He also acted as Chief Executive of Dewan Financial Limited, the management company for floatation of Dewan Modaraba Limited. Mr. Jangda was also part of financial advisory of Dewan Sugar Mills Limited. her Process Improvement, Professional & Legal Issues, Corporate and Academic trainings