Implementation of Resource Mobilization Strategy

2^nd Annual Status Report

2011

1. The Resource Mobilization strategy for the 5 year period from 2009 to 2014 was presented to and approved by the Board of Governors in October 2009. The Audit and Finance Committee (A&FC) was assigned the task of monitoring and overseeing the implementation of this strategy. This Annual Status Report is being submitted to A&FC in accordance with that mandate.

2. The main ingredients of the resource mobilization strategy are as follows:

a) Increase in fee income

b) One standard fee structure

c) Partnership with corporate sector

d) New EMBA Program (New Revenue Centers)

e) IBA-Alumni Resources

f) Funding from Private/ Corporate Sector, Trusts etc.

g) IBA Advisory Council

h) Establishment of Resource Mobilization Office

i) Friends of IBA Trust

OVERALL PICTURE UP TO DATE

3. The overall picture up to June 2011 is provided in Table 1 below. The target of Capital Campaign has been revised to Rs. 4.6 billion of which Rs. 2.2 billion has been raised so far, leaving a gap of Rs. 2.4 billion.

TABLE 1

Capital Campaign Targets and Commitments

(Rs. in million)
S#	Fund	Targets	Commitments made so far	Balance required
1.	Physical Infrastructure and Development Fund	2,885.00	1,536.00	1349.00
2.	I.T. Infrastructure	340.00	105.00	235.00
3.	Faculty Development Fund	270.00	55.00	215.00
4.	Endowed Chairs	100.00	100.00
5.	General Endowment Fund	900.00	319.25	580.75
6.	Scholarship Fund (including NTHP & STHP)	90.00	83.14	6.86
7.	Alumni Fund	100.00	32.00	68.00
GRAND TOTAL		4,685.00	2,230.40	2,454.60

PROGRESS UP TO DATE

4. The operational expenses (2010-11) from the following sources:

· Fee and other Income 77%

· Government Grants 16%

· Interest on Reserves 7%

5. a) Partnership with Corporate Sector

IBA’s services to the corporate sector for continuing professional education were channeled mainly through the CEE. It has been conducting leadership development and capacity building programs for public and corporate sector organizations. From Jan to June 2011, client specific courses were held for the Executives of Atlas Group of Companies ( this was a repeat program), Sanofi Aventis, HBFC, REMPACK and Government of Baluchistan.

In addition to these customized courses, 14 open courses were offered for the Executives of various corporate and private sector corporations on different topics.

b) Specialization in Entrepreneurship

6. The Center for Entrepreneurial Development (CED), IBA has launched a Specialization in Entrepreneurship from Fall 2011. The curriculum will integrate core business courses, social science courses, and Entrepreneurship electives into the four-year program, which will enable students to develop the necessary skills to become entrepreneurial in thinking and practice. Additionally, the integrated teaching methodology that the CED plans to offer will correlate the disciplines by laying emphasis on an approach to the holistic learning.

7. The Specialization in Entrepreneurship would inspire potential students to think like an entrepreneur, by being innovative and creative in their thoughts and action. Some students who are fortunate enough to have a legacy of entrepreneurship in their family may want to help grow the family business, or learn how to improve the business by applying creative ideas. Other students may want to become entrepreneurs after they graduate, or at some point in their careers, and may have the idea, but do not have the opportunity or funding to support their idea and make it possible. These students would be provided with a platform to experiment, and realize their ideas. Furthermore, the entrepreneurial spirit may appeal to some who are looking to explore and experience a different way of running businesses. Rather than pursuing the conventional specializations that we have today, an Entrepreneurship Specialization would open new doors for potential candidates, who may be looking to become skilled at a new field.

8. The Entrepreneurship Specialization is in collaboration with the Babson College of Entrepreneurship which is the number 1 Entrepreneurship school in US.

c) IBA Alumni Network

Following activities were undertaken in Alumni Network:

9. Alumni Database

Now with the graduation in June, 2011, IBA’s network has expanded to over 9000 Alumni graduates working and living all over the world. The alumni database which stores the record of all the students who have graduated from IBA, is updated on a continuous basis through an online registration and updating system on the alumni website. To date we have the updated information on 5816 students.

10. Alumni Newsletter

The Alumni e-newsletter has proved to be a useful medium to keep the alumni updated about the developments and happenings at IBA. The fourth issue of IBA Alumni e-newsletter has been sent in July 2011. This newsletter is not only to keep the Alumni informed about the activities of IBA but also a vehicle for the alumni to provide their suggestions, feedback, comments and etc.

11. Formation of Chapters

The IBA Alumni chapters in Dubai and Canada were launched in 2010 and now work for launching additional chapters in UK, Saudi Arabia and Islamabad are underway. IBA Alumni Association was revived at Karachi after a lapse of almost a decade and elections of office bearers were held on Nov 29, 2009.

12. Mentoring

The practice of Alumni mentoring dinners continued in fall and spring this year. At thisr event organized by the Alumni volunteers, small groups of graduating classes meet to discuss their career aspirations and seek advice on the ways they can improve themselves to compete in the job market. The second annual Alumni Reunion was held on April 30, 2011. Alumni have also been invited to serve on the interview panels for assessing new entrants to IBA and some of them are engaged in holding mock interviews for the graduating students. The level of participation of Alumni in the activities of IBA, particularly the students, is gradually on rise.

13. Campus Tour

The Alumni Department has organized campus tours for the Alumni to visit the institution and see the changes that have taken place and that are still in the process. Different Alumni are taken on campus tours such as invited Alumni, guest speaker Alumni, Tree planting Alumni, Prospective Donors etc. They are taken to various places of the campus including the project office where they are also shown maps of the proposed IBA structure. Alumni have given a good response to these tours.

14. Plant IBA Green (Tree Plantation)

The initiative to encourage the IBA Alumni to plant a tree at IBA that will serve as a tangible reminder of their presence at IBA. This initiative had an overwhelming response in the beginning and many of the alumni donated a token amount of Rs. 10,000/- for a tree in their name in support of this new venture. A total of 75 trees have been planted so far.

15. On-line Donation Facility

The online donation portal where the Alumni can donate online through their credit or debit cards and make online funds transfers to IBA from the comfort of their home or office is fully functional, But the response rate is not that high.

16. Alumni Website

The Alumni Website is being revamped to make it more user-friendly. The website will have options for Alumni to connect to each other and to their Alma-mater. Moreover, the website will consist of a Job Portal that will allow the Alumni to advertise and find jobs. The website designing have been outsourced and shall be completed by the end of 2011.

17. Alumni Relations

As part of its Alumni Engagement Initiatives, the IBA Alumni department is reaching out to the Alumni working in different companies by visiting their organizations formally to update our Alumni on activities and news from the Alma-mater.

On May 05, 2011 42 Alumni at Unilever met with the IBA Alumni team and Dr. Ishrat Husain. They learnt about the developments that have taken place at IBA and shared their memories.

The IBA Alumni Session at the State Bank of Pakistan (SBP) was attended by 28 Alumni working there (from 1975 -2010 batches). They expressed their pride at the developments taking place at IBA which will help the current students excel in their professional lives. Another session was organized at the HSBC Bank which was attended by 34 alumni working there. The event started with the opening address by Dr Ishrat Husain followed by the presentation by Mr. Zafar Siddiqui. The Alumni Bankers at HSBC were specially delighted to learn that IBA is now teaching Chinese and Arabic to current students and requested to be enrolled in such a course at IBA for their professional development within the HSBC group. Citibank was also visited where presentation on restructuring of IBA was given. In the Standard Chartered Bank of Pakistan visit, 120 Alumni attended the session and IBA received a good response from them. Future visits in multinationals, financial institutions and local companies are planned where there are a sizeable number of IBA graduates.

18. Alumni Student Centre

The Center, which would be constructed at the cost of Rs.200 million, would be centrally air-conditioned and include common areas, lounges, cafeteria, Dining halls, indoor play areas, Gymnasium, Amphitheatre, Green Rooms, Book Shop, Tuck Shop, etc. The construction of the Student Center shall commence in July 2011. There are 40 units of Rs 5 million each. Alumni can purchase these units to contribute towards construction of the center. So far 4 units have been bought by Alumni. IBA Alumni at Unilever have recently pledged their financial support for IBA by committing to finance the Student Lounge at the IBA Alumni Student Center by donating Rs. 5 million over the next four years. IBA has decided to name this lounge after the Unilever Alumni. A donor wall shall also be made onto which the names of the donors shall be inscribed.

19. Class Gifts

The classes of 1986 and 2011 have come forward to present IBA with a class gift for the scholarship of students. Through its active participation on the online groups and close cohesiveness among the batch members, the classes have taken a step to provide the less privileged students with funds to pursue their careers. The class of 2011 has donated a total of Rs.1.5 million. Both the MBA and BBA batches have shown active participation. The amount contributed so far shall help at least 7 deserving students to obtain 100% scholarship for 2 semesters. The Class of 1986 has pledged to raise Rs.6 million for an endowment fund out of which Rs. 2.0 million have already been raised. The fund is expected to support two to three student scholarships every year.

20. Alumni Reunion

IBA Alumni Reunion was organized at the Avari Towers on April 30, 2011. All the classes of 2010, 2000, 1990, 1980, 1970, 1960 and those of 2009, 1999, 1989, 1979, 1969 and 1959 were invited to these reunions. The attendance was quite impressive.

d) Infrastructure Development Fund:

21. Of the total Capital Fund campaign, this element constitutes two-third of the total amount. The actual commitments made so far is 1.6 billion, i.e. Rs 1.6 billion short of the target of Rs 3.2 billion.. Of the total committed amount, Rs 361 million has been received by June 2011 from the donors. The pace of disbursement is linked with the speed of the construction of the dedicated buildings.

Name of Donor	Amount Committed			Amount Received	Purpose
Aman Foundation	1,000.00			234.05	Rs. 105 million for Technology upgradation Rs. 660million for construction of multi-storied building at the city campus and Rs. 235 million the Centre for Entrepreneurship Development at the Main Campus
Tabba Foundation	150.00			20.00	Construction of Academic Building at the main campus
Mahvash and Jehangir Siddiqui Foundation	100.00			-	Construction of Auditorium Building at the City Campus
Adamjee Foundation	100.00			87.60	Renovation and refurbishment of Students and Faculty Building at the Main Campus
United Bank Limited	75.00			5.00	Building Fund
The Hub Power Co. Ltd.	40.00			-	Fund for the Construction of Auditorium
TPL Holdings (Pvt.) Ltd.	25.00			-	Building Fund
Standard Shipping Pakistan (Pvt.) Ltd.	15.00			-	Fund for the construction of new prayer hall at the main campus
Allied bank Ltd	40.00			-
Alumni	21.00
Abdullah Foundation	75.00			15.00
		1641	361.65

Target Rs 3,200 million ( Rs 2.85 billion for Buildings and Civil works and Rs 340 million for ICT

Further details of the Building and civil works projects under this Fund are given in Annexure-I.

e) Faculty Development Fund:

21. This fund helps our faculty get training abroad and also helps IBA recruit good potential faculty. The total commitment to date is 55million up from 35 million at the end of Dec 2010. A lot more effort is required in this area to galvanize the potential donors to come forward and contribute in this very important and necessary area.

TABLE III (Rs. in million) LIST OF DONORS TO FACULTY DEVELOPMENT FUND
S#	Name of Donor	Amount Committed	Amount received
1.	Indus Motor	15.0	10.0
2.	English Biscuit Manufacture	10.0	10.0
3.	National Food Ltd.	12.5	5.0
4.	Central Depository Company	2.0	2.0
5.	Cadbury Pakistan Ltd.	0.5	0.5
6.	Barclays Bank PLC	5.0	1.0
7.	Chevron Pak. Ltd.	5.0	1.0
8.	Naseem Allawala	5.0	1.0
TOTAL		55.0	30.5
Targeted Amount		270.0

f) Endowment Funds and Endowed Chairs:

22. This fund that was 432 million at the end of Dec 2010, is now Rs 419 million as Rs 20 million from Abdullah Foundation has been transferred to the Infrastructure Fund.

		TABLE IV (Rs. in million) LIST OF DONORS TO ENDOWMENT FUND / ENDOWED CHAIRS
		S#			Endowment donor			Committed Amount					Amount Disbursed
		1.			National Bank of Pakistan			50.00					50.00
		2.			Habib Bank Limited			50.00					50.00
		3.			Bank Al-Habib			50.00					50.00
		4.			Faysal Bank			50.00					30.00
		5.			Askari Bank			50.00					34.00
		6.			Standard Chartered			40.00					33.00
		7.			Bank Alfalah Limited			33.00					22.00
		8.			Allied Bank			30.00					30.00
		9.			Towfiq Chinoy			30.00					30.00
	10.			International Textile Limited					20.00			20.00
11.			Govt. of Sindh				5.00				5.00
12.			Soneri Bank				3.00				3.00
13.			Deuteshe Bank				1.25				1.25
14.			Pakistan International Container Terminal Ltd.				5.00				2.00
15.			UCH Power (Pvt.) Ltd.				0.50				0.10
16.			Mr. Abrar Hasan				0.50				0.10
17.			Mr. Pervaiz Ghias				0.50				0.10
18.			Mr. Ghouse Akbar				0.50				0.10
TOTAL						419.25				361.05
		Target Amount						1,000.00

g) Scholarship Fund:

23. ‘ No student will be denied admission to IBA’.

This is a commitment at IBA and it is strictly followed for all those students who qualify the IBA admission test. We with the help of donors provide scholarships to students on need cum merit basis. The main sources of Scholarship Fund are:

The main sources of Scholarship Fund are:

Scholarship by Donor Agencies: HEC-USAID and Sindh Government Endowment are the two major donors to this fund. In addition there are also private donors who provide scholarships and Financial Aid. List of major donors is available on the IBA website containing detail of the donations.

IBA’s own funding for Scholarships: Effective from Fall-2009 IBA has introduced Merit based scholarship for the top10% meritorious students in the IBA admission test. They are granted 50% concession on tuition fee. In addition IBA finances the needy students who are unable to secure Financial Assistance from the HEC-USAID, Sindh Government or the private donors.

Three new major donors who provided additional scholarship in the year 2010-11:

i. Syed Mumtaz Saeed Scholarship

ii. Lakson Tobbaco

iii. Feroze Textile Ltd.

h) National Talent Hunt Program, and Sindh Talent Hunt Program

24. For this year this program has been a major success as out of batch 64 students (36 for NTHP and 28 for STHP) 23 students have secured their seats in different IBA Programs.

These students will be provided full scholarship and all living expenses till the end of their program with the help of Ihsan Trust (a subsidiary of Meezan Bank) and Sindh Government

i) United States Agency for International Development (USAID)

25. This is an area where we have come across a major obstacle. IBA had entered into a contract (funding arrangement) with the United States Agency for International Development (USAID) to support the establishment of “Centre for Entrepreneurial Development (CED)” at the IBA Karachi on February 23, 2010. Under this Contract, IBA entered into affiliation with Babson College which is recognized internationally for its entrepreneurial leadership in a changing global environment. Babson will transfer their knowledge of managing university (Administratively & Academically) dedicated to provide Entrepreneurship education. Among many other things in the agreement, Nine (09) IBA-CED faculty members will travel to Babson for a semester exclusive training. USAID has walked out of this agreement sighting that they do not have funds to give to IBA anymore. This has put us in an embarrassing position with Babson as we committed to give them $1 million over a period of 3 years. So far only $186K have been given to them, out of which 53K have been given by IBA and the balance through the first tranche of USAID disbursement before they pulled out.

j) IBA Advisory Council

26. The IBA Advisory Council meets on a fortnightly basis, where the members discuss and use their networks for Fund Raising. The Council have identified some leading 100 businessmen, corporate leaders where individual members are approaching them to help IBA in its funding campaign.

k) The Friends of IBA Trust (FIBAT)

27. A Trust by the name The Friends of IBA Trust (FIBAT) is in the registration process with Registrar Inland revenue. A close link will be established between the IBA Advisory Council and the FIBAT. The creation of such a Trust is necessary to ensure full disclosure and transparency of Funds received from the donors investments made, expenses incurred etc. and to control the affairs of the trust by donors themselves. Draft trust deed and draft constitution for creating a trust have been prepared and names of the Trustees (see Annexure-3) have been finalized.

28. All funds accruing to the Endowment Fund / Endowed Chairs will be administered by the Friends of IBA Trust (FIBAT) that will comprise donors who have contributed or donated or pledged a minimum amount of Rs. 30 million to IBA. At present individual statement of accounts for each donor is being prepared at the end of the fiscal year and will be sent to the respective donors as on June 30, 2011. All the donor accounts are audited by reputed firms of external auditors and are available for inspection. These accounts will be reviewed and scrutinized by the Trustees in the future.

RECOMMENDATION

30. The original target of Rs. 2.6-3.0 billion approved for the period 2009-10 to 2013-14 has been raised to Rs. 4.6 billion. The actual commitments received so far amount to Rs.2.2 billion leaving a gap of Rs. 2.4 billion that has to be mobilized in the next three and a half years

Annexure 1

(Up-dated on June 30, 2011)

STATUS OF VARIOUS PROJECTS

(Rs. in million)

1	PHYSICAL INFRASTRUCTURE DEVELOPMENT FUND
New Buildings and Structures that can be named after Donors Total Estimated Cost Rs.3.45 billion
		Duration	Estimated Cost	Amount Committed	Donor/ Status
1.1	PROJECTS COMPLETED DURING THE YEAR
1.	Renovation of Academic Block (Main Campus)	2010	104	100	Adamjee Foundation Completed Oct-10
2.	Renovation of Academic Block (City Campus)	2010-11	124		Completed Sep-10
3.	Renovation of Boys Hostel (Main Campus)	2008-09	96		Completed
4.	Renovation of Auditorium (Main Campus)	2010	68	40	Hubco Completed Nov-10
5.	Multipurpose Building (Main Campus)	2009	28		Completed
6.	Girls Hostel Extension	2010-11	13		Completed
TOTAL			433	140
1.2	PROJECTS UNDER- CONSTRUCTION
7.	Centre for Entrepreneurship Development (Main Campus)	2010-12	240	235	Aman Foundation
8.	Student Centre (Main Campus)	2010-12	165	21	IBA Alumni
9	New Academic Block (Main Campus)	2010-12	226	150	Tabba Foundation
10	New Boys Hostel (Main Campus)	2010-12	152
11	Visiting Faculty Residences (Main Campus)	2010-12	136
12	Multi-storeyed Building (City Campus)	2010-12	660	660	Aman Foundation
13	Girls Hostel (Main Campus)	2010-12	108
14	Auditorium (City Campus)	2010-11	100	100	Mahvash and Jahangir Siddiqui Foundation
15	Admin Building (Main Campus)	2010-12	170
16	Admin Building (City Campus)	2010-12	101
17	Library (Main Campus)	2010-11	112	75	United Bank Limited
18	Faculty of Computer Science Building	2010-12	69
19	Data Centre Main Campus	2010-12	20
20	Data Centre City Campus	2010-12	20
21	Campus External Development Works (Both Campus)	2010-14	155	25	TPL Holdings (Pvt.) Ltd.
22	Prayer Hall	2012-13	15	15	Standard Shipping Pakistan (Pvt.) Ltd.
TOTAL			2,452	1,281
TOTAL BUILDINGS AND CIVIL WORKS			2,848	115	Donations from UBL and ABL
Information and Communication Technology			340	105	Aman Foundation

Total Physical Infrastructure Fund 3,188 1,641

2. FACULTY DEVELOPMENT FUND

Endowed Chairs for Senior Professors

Ten Chairs to be named after the benefactors. Each Chair to be set up under a fully funded endowment of Rs.50-60 million that generates annual income of Rs.5-6 million to pay the salaries of eminent scholars attracted to join the IBA faculty.

Rs.100million

· Towfiq Chinoy contributed Rs. 30 million towards Amir Chinoy Chair in Entrepreneurial Management.

· Bank Al- Habib contributed Rs. 50 million towards Hamid D-Habib Chair – MBA Financial Services.

Foreign scholarships to train faculty members at leading Universities abroad

Three scholarships for four years

Each scholarship for a four year Ph.d program in U.K., Canada, Australia, State Universities of U.S. will on average cost US $ 125,000 – 150,000

Rs.150 million

· Mr. Amir Jahan Khan, pursuing PhD from University of Warwick, expenses incurred for 3 year Rs. 8,529,925/-

· Ms. Ambarin Asad Khan, pursuing PhD from University of Manchester, expenses incurred for 2 year Rs.6,760,259/-

Total expense sums up to Rs.15,290,184/- partly funded by HEC.

· TEMASEK Foundation has partnered with IBA and awarded one-time grant of S$ 216,000, whereby 6 faculty members will be trained for one semester each at National University of Singapore (NUS), to further develop their current capabilities as faculty members for the MBA program at IBA-Karachi improving current quality of education in the areas of research methods, case study development, executive education, consultancy and advisory services, new course material, textbook publications and pedagogy for Post-Graduate studies in MBA & PhD. Till to date four faculty members has pursued under this Tmesek Foundation Program.

· Engro Corp. has financed Rs. 500,000/- to 01 IBA Student for one semester study at the School of Economics and Management, Tsinghua University, Beijing, China.

iii

Hiring Foreign Faculty to teach at IBA

Each foreign faculty member will cost on average $150,000 a year. Donors can also arrange visits to IBA for only one semester and in other cases several weeks only. This could cut down the cost substantially. The growing faculty resource base at the joint venture Universities in GCC countries can also be tapped for bringing faculty members teaching at these Universities to IBA on a regular basis.

Rs. 120 million

· Dr. Shahid Qureshi was hired from Germany as a full time faculty Professor to teach at IBA.

General Endowment Fund

In the General Endowment Fund surplus funds would be placed and donations and contributions solicited. The income generated from this Fund will be utilized to supplement the salaries of the faculty members to make the compensation packages competitive as well as provide research grants to them. Other uses of this income would include academic program enhancement, curriculum and case study development, external accreditation, professional development, participation in international seminars, conferences, workshops and organization of such conferences at IBA.

Rs.900 million

An amount of Rs. 319.25 million has been committed by our esteemed donors out of which Rs.276.05 million has been received and the remaining amount shall be received as per the schedule provided by the donors.

SCHOLARSHIP FUND To provide financial aid to the students on the basis of their needs determined according to pre-specified criteria.

Rs.44 million

Rs.961,000/-

Rs.481,000/-

Increase in the tuition fee and other charges has increased the scholarship fund requirements as per following detail:

Rs. 961,000/ student for BBA 4 year program

Rs. 481,000/ student for MBA 2 year program

Scholarships, Student Loans and Qarz-e-Hasna for meritorious-cum-needy students

Full stipend covering tuition and other fees in 2010-11 will involve the following amount per student:

- Scholarship for 4 year B.B.A. program.

- Scholarship for 2 year M.B.A. program.

National Talent Hunt Program Selecting students from the backward districts of Pakistan, coaching them at IBA for entry examinations and fully funding the selected candidates for four year B.B.A. program.

The cost of four year program for 20 students selected for orientation and 8 students provided full funding for four years is Rs.10 million

Rs.40 million

Net expenses for both the National and Sindh talent hunt program accumulates to a total of around Rs. 5 million for one year funded by the Ihsan Trust and the Govt. of Sindh.

ALUMNI FUND IBA Alumni in Pakistan and outside Pakistan will be requested to provide both lump sum donations as well as monthly contributions to this Fund. On line donation facility has been established and it will enable them to authorize the amount, frequency and the use of their donation automatically.

Rs.100 million

IBA Alumni Chapter has been created in various countries and Rs. 32 million has been committed by the IBA Alumni till June 2011.

Annexure 2

IBA Advisory Council

Members List

S #	NAME	COMPANY/ADDRESS
1.	Sardar M. Yasin Malik	Chairman Hilton Pharma (Pvt) Ltd
2.	Mr. Najmus Saqib Hameed	Hon. CEO & Vice Chairman The Layton Rahmatullah Benevolent Trust (LRBT)
3.	Mr. Tahir Khaliq	Director United Distributors Pvt Ltd.
4.	Mr. Mohsin Ali Nathani	Chief Executive Standard Chartered Bank
5.	Mr. Bashir Ahmed	Country Head Corporate Affairs Berger Paints Pakistan Limited
6.	Mr. Ali Ahmed Khan	Chief Executive Reckitt Benckiser Pakistan
7.	Mr. Tariq Kirmani	Chairman
8.	Mr. Ghouse Akbar	Director Akbar Group of Companies
9.	Mr. Iftikhar Allawala	Director Speciality Printers (Pvt) Ltd.
10.	Mr. Muneer Kamal	President & CEO KASB Bank Limited
11.	Mr. Shahid Shafiq	M/s. Shahid Shafiq Private Ltd
12.	Mr. Babar Bashir Nawaz	Chief Executive Attock Cement Pakistan Limited
13.	Mr. Nadeem Jafarey	General Manager - Pakistan, Middle East & Egypt Chevron Pakistan Limited
14.	Mr. Zafar A. Siddiqui	Secretary
15.	Mr. Zahid Bashir	Chief Executive Officer Mohd. Amin Mohd. Bashir Ltd
16.	Mr. Pervez Iqbal	CEO &Managing Director BBCL (Pvt) Ltd.
17.	Mr. Abrar Hasan	Chief Executive Officer National Foods Limited
18.	Dr. Miftah Ismail	CEO & Director Ismail Industries Limited
19.	Mr. Saifuddin Zoomkawala	Managing Director & CEO EFU General Insurance Ltd
20.	Mr. Parvez Ghias	Chief Executive Officer Indus Motor Company Limited
21.	Mr. Anwar Rammal	Chairman Asiatic Public Relations Network (Pvt) Ltd
22.	Ms. Nassimbano Ahmad	Special Olympics Pakistan Program Development Director
23.	Ms. Ayesha Tammy Haq	Business Plus TV Director
24.	Ms. Ronak Lakhani	Century Paper & Board Mills Ltd
25.	Mr. Nadeem Abdullah	Chief Executive Sapphire Fibres Ltd
26.	Mr. Khalid Bashir	Chairman Suraj Cotton Mills Ltd
27.	Mr. Zafar Usmani	Chief Operating Officer Zong Telecommunication
28.	Mr. M. Yousuf Adil
29.	Ms. Sabrina Faisal	Manager Alumni & Resource Mobilization IBA City Campus