Federal cabinet approves Haroon as new BoI chief

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ISLAMABAD: Federal government has approved the appointment of Senior economist Haroon Sharif as the chairman of the Board of Investment (BoI).

Prime Minister Imran Khan presided a meeting of the federal cabinet on Thursday which approved Sharif’s appointment. He replaces investment banker Naeem Y Zamindar who was appointed in November 2017.

Senior economist Haroon Sharif has worked with the World Bank as an Adviser on Regional Economic Cooperation responsible for facilitating and influencing policy dialogue to promote economic cooperation among countries in South and Central Asia.

Haroon has been working for the UK’s Department for International Development (DFID). As head of the Economic Growth Group for Pakistan, he managed a multi-million-dollar portfolio focused on growth, financial sector development and job creation.

He also worked as a core member of the South Asia regional integration team and focusing on the political and economic drivers and constraints to cross-border and regional cooperation.

New chief of BoI will assist Pakistan to better integrate with neighboring countries and facilitate the private sector-led cooperation, which includes trade, supply chain integration and foreign direct investment.

Haroon Sharif has also been associated with the Securities and Exchange Commission of Pakistan (SECP) in the past and has a vast experience in banking, leasing, corporate finance and investment.

He has received acknowledgement at international financial institutions for promoting investments and working in close liaison with the government officials to boost confidence.