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Information Technology


Company Profile


Company Profile


Company Profile



Company Profile

Progressive Financial Consultancy (Pvt.) Limited

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.

Our Products:

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 companies.

iii. Current bills collection of companies timely

iv. Distribution of bills to the subscribers and customers.

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. (PTCL) Islamabad

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 Inc Karachi
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 Finance Corp.
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 Pakistan.

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 & Marketing)

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 uz Zafar

These Colleagues are our supportive staff in Administration, Accounts and Computers respectively.