The Cabinet has approved the decision to have Mr. Naeem Y. Zamindar report to the Prime Minister as the new Chairman of the Board of Investment. He is a results-driven CEO with experience in venture capital and building businesses in public and private companies. He is coming from Acumen Pakistan, where as the CEO he led a team that successfully set up the Pakistan Fund initiative and made investments in social enterprises and leaders. He has been invited to join the Global Advisory Board of Acumen. Naeem was previously the CEO of Wateen Telecom; CSO of Mobilink (now Jazz), and a Senior Investment Manager at Intel Capital in Silicon Valley where he was involved in over 20 investments in high tech firms.