About JWS Pakistan

Company Profile

The JWS Pakistan (A Company set up under section 42 of the Companies Act, 2017) [‘the Company’] was Incorporated on 28 December 2015 as a Public Company registered under Section 42 of the repealed Companies Ordinance, 1984 (now the Companies Act, 2017) and is limited by Guarantee and not having share capital, vide license No.873 issued by the Securities and Exchange Commission of Pakistan [‘SECP’].
The registered office of the Company is located at 65-D Block, Executive Phase, G. Magnolia Park, G. T Road, Gujranwala. The Company obtained the license to carry out the investment finance services as non-banking finance company from SECP on 20 October 2016.
SECP has renewed the license vide license No. NBFC-l/139/JWSP/2016-04 on 20 October 2019 to carry out the investment finance services as non-banking finance company for the period of three years. The said license is restricted to Micro Financing only as a non-bank microfinance company.

Status of Company

A Public Company registered under Section 42 of the repealed Companies Ordinance, 1984 (now the Companies Act, 2017) and is limited by Guarantee having no share capital

Company Registration Number:  0097387

Date of License Issued: 

Renewed Section 42 License Issue Date: 4th March,2021, Renewed NBFC License Issue Date: 22nd October,2019

National Tax Number   7225248-3

Governance:

Board of Directors:

  • Sabeeha Shaheen – Chairperson
  • Qazi Shoaib Alam – Chief Executive Officer
  • Roheena Iqbal – Independent Director
  • Saqib Abbas – Independent Director
  • Naveed Iqbal – Independent Director
  • Farrukh Iqbal – Non-Executive Director
  • Ch Muhammad Shahid – Non-Executive Director
  • Farzana Kousar – Non-Executive Director
  • Muhammad Javed – Company Secretary

Tax Advisor:

Mohsin & Co Chartered Accountants

Mohsin Nasrullah- FCA

House # 105C, GOR-5

HBFC, Faisal Town

Lahore

Tel: 042-35160091

National /International Awards, recognition:  PCP, PACRA, FBR NPO u/s 2(36)

Auditors of company:

Ilyas Saeed & Co., Chartered Accountants

(a member of MGI Worldwide)

Address: 108 block J-III, Model Town, Lahore-Pakistan

Phone: +92 42 3586 1852 3586 8849

Email: info@ilyassaeed.com

Legal advisors:

Azam Chaudhry Law Associates (ACLA)

Address: H #5, Street No.9, Sector F-8/3

Islamabad, Pakistan

Telephone:  + 92 51 2253351, 2253354, 2250657

Dr. Muhammad Azam Chaudhry-Senior Partner

Barrister Muhammad Qasim Qureshi -Partner

Barrister Raham Ali Bukhari-Senior Associate

Membership of industry associations and trade bodies: Pakistan Microfinance Network (PMN), Punjab Microfinance Network (PMFN), Social Performance Task Force (SPTF)

SECP License:
Our Main Objectives:

To help the poor, the landless and assetless in order to enable them to gain access to resources for their productive self employment, to encourage them to undertake activities of income generation and poverty alleviation and for enhancing their quality of life by providing them micro-credit, vocational training and their capacity building.

To provide financing facilities with or without collateral security, in cash or in kind, for such terms and subject to such conditions as may be prescribed, to the poor and asset less persons for all types of lawful economic activities.

To undertake measurers to support the marginalized communities of rural and urban areas of Pakistan through motivation, social mobilization and advocacy on civil society issues like education awareness, health awareness, women empowerment, capacity building of communities and related organizations such as Community Based Organizations (CB0s) for poverty alleviation through economic activities, Human rights, environment and community physical infrastructures to make the communities to become self-reliant, in water and sanitation hygiene, agriculture, livestock development, small and medium enterprise development.

To provide all type of services required in organizational development, staff training, staff development, training needs assessment, training material production, development of training tools and methodologies, evaluation of training courses, effectiveness of training, training follow up to staff of the Company, related institutions, development agencies and others affiliated with the company for enhancing the capacity and role of staffs and related institutions in providing better and innovative services.

To train the women as agents of change for socioeconomic development and, generally, to identify, develop and promote opportunities for facilitating employment for the poor by channeling resources for providing them with credit, functional education, training for development of their skills and other help and assistance, as may be necessary.

To awake, educate, motivate and organize communities for their improved quality of life and living standards.