Jan-07- 13, 2002
Progressive Financial Consultancy (Pvt.) Limited (PFC)
was established in 1998 by senior Bankers International reputation.
The company is registered as private Limited company with security
exchange commission, Govt. of Pakistan Islamabad/Karachi. PFC is
generally known in the financial market as Debt Collection Agency. PFC
office is equipped with latest technology and qualified staff.
i. Debt Collection Current & Over Due
PFC is specialized in the field of debt recovery
through trained staff. Recovery is made in accordance with the
parameters of the companies or bodies.
ii. Verification of particulars of proposed
clients and submit confidential and impartial report to the company:
Presently we are providing such service to some leasing and Modaraba
iii. Current bills collection of companies
iv. Distribution of bills to the subscribers
v. Recovery against stuck-up finances.
These days most of the Banks and Financial
Institutions are facing difficulties in recoveries against their
stuck-up finances. By utilizing our services they can save time,
unnecessary expenses and manpower.
Regular Staff strength 20 includes Scooter Riders,
Recovery Officers and experienced Bankers. We also have on our panel
Consultants, Economists, Senior Bankers, Advocates, Accountants and
young MBA & BBA who carry out the job of Credit Management,
preparation of projects Feasibility Reports, Godown Inspection, Survey
and Evaluation of Property and Assets, Scrutiny of Export Documents
and Data Verification.
Our Major Clients
Pakistan Telecommunication Company Ltd.
For the past two years we are working for
Government of Pakistan, Pakistan Telecommunication Company Ltd. (PTCL)
Islamabad, as their contractor for recoveries of overdue bills
amounting to Rs. 1 billion plus of fifteen exchanges in Karachi.
United Bank Limited (Karachi & Dubai)
We have been awarded the recovery of stuck-up
finances task upto the extent of Rs. 100 M plus.
Ufone - Islamabad
From favourable market reports, Ufone contacted us
in August 2001 and after satisfactory meetings in Karachi and
Islamabad, they decided to sign an agreement in Islamabad for all
recoveries of 60 days and over. We are very pleased with this new
business partnership and they wish to expand our relationship.
Modaraba & Leasing Companies
BRR Modaraba, Ghandhara Leasing Company Ltd., Atlas
Leasing Company and Al-Zamin Leasing Company have awarded us survey
and recovery jobs.
American Express Travel Related Services Company
We are business partners for Amex Credit Card recoveries.
Avari Hotel Karachi
Recovery of outstanding bills over 1 year.
US Publishers (Yellow Pages)
Recovery of outstanding bills over 1 year.
On Going Negotiations / Under Correspondence With
Union Bank Ltd., PICIC, Gulf Commercial Bank Karachi, House Building
Citibank Credit Cards Karachi, Small Business Finance Corp., Habib
Bank Ltd., Bank AL Habib Ltd.
Emirates Air Line, Berger Paints, Gerry's International, Askari
Commercial Bank Ltd.
Fauji Foundation, Investment Corporation of Pakistan (ICP)
Mr. Akbar M. Bilgrami
(President & Chief Executive - Honorary)
Progressive Financial Consultancy (Pvt.) Ltd & (Director &
Chief Executive - Honorary) Progressive Information Technology (Pvt.)
Ltd. under franchise The Fourth R, U.S.A
Mr. Bilgrami, an MBA, is a seasoned banker who has
international and local banking experience of over 40 years, which
includes 24 years from 1961 to 1985 with Bank of America. For four
decades he has worked in Pakistan, the Middle East and the Far East
and South America on Senior positions looking after responsibilities
for Country Regions and International levels. Mr. Bilgrami was exposed
working for the Bank of America branches, subsidiaries and under
Management contracts. During his long association with the banking
field, he has widely travelled, lived and worked around the world. Mr.
Bilgrami was given extensive training from weeks to months and
attended several management conferences. For three years with Bank of
Credit & Commerce International, he was heading as Country
Manager, Panama Republic. Thereafter, he was associated with Habib
Credit & Exchange Bank Limited, as a Senior Executive and Member
of Executive Committee. Mr. Bilgrami had actively participated in the
formation of Habib Credit & Exchange Bank, a wholly owned
subsidiary of Habib Banks Limited. He was a Promoter and Founder
Managing Director & Chief Executive of Pak-Gulf Leasing Company
since its inception in 1995. In 1998 with the association of seasoned
bankers he established Progressive Financial Consultancy (Pvt.)
Limited now known as Debt Collection Agency. His 2000-2001 position
has been as Resident Director for Pakistan, UAE, Sri Lanka and
Bangladesh based in Karachi for Habibsons Bank London. For short
period he also worked for Askari Commercial Bank Ltd. as General
Manager Sindh in 1991 and Schon Bank (now Gulf Commercial Bank) as
General Manager in 1995 - 96.
In last August, Mr. Bilgrami launched another
project in the name of Progressive International Technology (Pvt)
Ltd.. under US based franchise with The Fourth R Inc.; 1715, Market ST
# 103, Kirkland, WA 98033, USA. This Institute is providing IT
training to Youths and Adults from licensed courses of Microsoft. Mr.
Akbar M. Bilgrami is the Director & Honorary Chief Executive of
the Institute, he and his team of IT has commitment to promote IT in
Mr. Qazi Masroor ul Haq (Senior Consultant)
Mr. Qazi is a Commerce Graduate besides Diploma in
Banking from IBP. He was Senior Vice President & General Manager
Finance in Habib Bank Limited Karachi. He has diversified experience
of 35 years in the field of banking. He has a very vast experience in
serving HBL in the interior of Punjab as well as Sindh. He held very
important assignments in the field, worked as Zonal Chief and Circle
Executive for several years. He participated in banking seminars in
Pakistan. He has a practical knowledge of preparation, processing and
approval of credit proposals. He has been closely in touch with
prudential regulations imposed by State Bank of Pakistan.
Mr. Syed Sultan Haider (Senior Consultant)
Mr. Syed Sultan Haider is postgraduate in political
Science and holding Banking Diploma. He has 20 years experience of
Banking in Marketing, Planning & Development, Public Relation and
Recoveries. His last assignment was Senior Vice President, Incharge
Recovery Cell and Business Development department. He has shown
marvellous performance in recovering stuck-up advances of the Banks.
Mr. Haseeb Alam (Manager Collection &
Mr. Alam, a Commerce Graduate from Karachi
University joined our Company as in October 1999. Within a span of two
years he has worked in excel and performed so well, the management has
promoted him as Manager Collection & Marketing. His pleasing
personality and business relationship have helped the Company grow in
the field of Collection on behalf of PTCL, Mobilink, American Express
Card, Diners Club Card and other Collection Services. He has a soft
and fragile approach for collection of most difficult cases. He has a
brilliant command on the large number of Collection Officers.
Lahore Representative Office
Mr. Najam Hasan, former employee of Bank of America
worked for 15 years and now doing his own business and also looking
after the interest of our Company.
Islamabad Representative Office
Mr. Mushir Zaidi, Qualified Shipping Accountant
worked for Pakistan National Shipping Corporation (PNSC) during
1964-74. 1976-1985 worked for Vinnell Corporation an American Company
as an Accountant in Riyadh Saudi Arabia thereafter he was associated
with Saudi Arabian Shipping Corporation for 9 years until 1994 at
Riyadh. He is our full time representative at Islamabad and looking
after Company's interest.
Consultant, Recovery/Collection Officers
Legal Advisors & Bankers
20 qualified people are working for our Company on
salary cum commission basis with our training background and then
remain in the field on their own transport and earn for themselves and
assist in Government/Private Sector recoveries.
Mr. Zahid Iqbal, Mr. Francis Lobo & Mr. Faraz
These Colleagues are our supportive staff in
Administration, Accounts and Computers respectively.