USD 277.25 | 280 GBP 351.5 | 355 EUR 299.15 | 302.1 CHF 300.5 | 305 HKD 34.1 | 34.7 AUD 180 | 185 SGD 201 | 206 OMR 707 | 717

Introduction

Dawood Habib Group has been affiliated with banking since the 1920's and has played a pivotal role in fulfilling the financial needs of Pakistan. The Dawood Habib Group has been a long-standing sponsor of Bank AL Habib Limited and was among the founding members of Habib Bank Limited.

AL Habib Exchange Company (Private) Limited was established in-line with the initiative by the State Bank of Pakistan introducing structural reforms in the currency exchange sector.
AL Habib Exchange Company (Private) Limited has been registered under the Companies Ordinance 1984 and Foreign Exchange Regulation Act 1947 on 24th November 2023.

Registered Office: 202, 2nd Floor, Finlay House, I.I. Chundrigar Road, Karachi.

Main Branch: Ground Floor, Finlay House, II Chundrigar Road, Karachi.

Vision Statement

To be the most convenient and trusted provider of foreign currency exchange services.

Mission Statement

To provide the most effective foreign currency exchange services to the customers.

Values

Courtesy, Reliability and Fairness in all dealings.


Board of Directors

Syed Furqan

Chief Executive Officer / General Manager

Syed Furqan possesses over 21 years of diverse experience in the Corporate, Business, Operations & Treasury Risk Management and Home Remittances sector in different exchange companies. Mr Furqan is well versed with the methodologies of Financial Institutions. He joined Bank AL Habib Limited, as General Manager in October 2023 and later took charge as CEO AL Habib Exchange.


Prior to joining Bank AL Habib, he served as Chief Executive Officer in NBP Exchange Company Limited for four years and held leading positions in renowned Exchange Companies. Furthermore, he was also associated with Habib Currency Exchange Company (Pvt.) Limited for six years as Head of Treasury. He started his career from Data Exchange Company from 2005 as Chief Manager.


Syed Furqan is a Member of Executive committee of Exchange Companies Association of Pakistan. He was honored to represent Exchange Sector in FATF review 2022. He holds a Master's degree in International Relations and Business Administration, Bachelor of Commerce and a Law Graduate (LLB).
Ashar Hussain

Director

Mr. Ashar Husain is a qualified professional having over 21 years of banking experience. He is currently serving as the Group Head and Chief Financial Officer (CFO) of Bank AL Habib Limited since January 2023. Mr. Ashar Husain joined Bank AL Habib Limited in June 2002 and progressed to the position of Deputy General Manager & CFO in February 2015. He was elevated to the position of General Manager in January 2018 and Group Head in January 2023.


Mr. Ashar Husain played a pivotal role in the implementation of IFRS 9, chairing its management committee and serving as secretary to the Board of Directors' IFRS 9 committee, ensuring full compliance and optimizing its impact. He is a member of the Bank's Asset Liability Management Committee and is also a member of Institute of Bankers Pakistan's Investment and Finance Committee. He is also Trustee of Bank’s Staff Provident Fund, Staff Gratuity Fund and Staff Benefit Trust.


Mr. Ashar Hussain holds a Master of Business Administration (MBA) Degree from Institute of Business Administration, Karachi and has also completed his Masters of Public Administration (MPA) and Bachelor of Commerce (B.Com.) from University of Karachi.

Qamber Ali

Director

Mr. Qamber Ali serves on the board of AL Habib Exchange Company (Private) Limited. 


A highly experienced and dynamic individual with over two decades of Banking and Financial Sector experience. Prior to joining Bank AL Habib Limited, he worked with Askari Bank Limited & A.F.FERGUSON & CO a member firm of (PwC Network). With a proven track record of growth, he has spearheaded the Remittance and Sales Businesses to new heights. Mr. Qamber also serves as General Manager, Business Development at Bank AL Habib Limited. He did his Masters of Business Administration with majors in Finance.

Syed Ali Zia Rizvi

Director

Syed Ali Zia Rizvi is a career banker having spent more than 28 years in banking sector. He joined Bank AL Habib Limited (BAHL) in 2017 and has been holding the position of Head of   AML/CFT/CPF Unit (MLRO) and Head of International Compliance Unit (Overseas Branches) since 2019. Prior to joining BAHL, he has worked overseas and in Pakistan in various senior positions. He holds Master of Business Administration degree from University of Baltimore, Maryland, USA and Bachelor of Business Administration degree from University of Central Oklahoma.