Islamabad (GNP): Timur Turlov, Founder, Chairman, and CEO of Freedom Holding Corporation, called on Prime Minister Muhammad Shehbaz Sharif.
The Prime Minister was assisted by Shaza Fatima Khawaja, Federal Minister for IT, Bilal Azhar Kayani, Minister of State for Finance, SAPM Tariq Fatemi, Haroon Akhtar Khan, SAPM on Industries & Production, and Foreign Secretary Amb. Amna Baloch.
During the meeting, the Prime Minister welcomed Turlov to Pakistan and conveyed his warm wishes for Kassym Jomart Tokayev, President of Kazakhstan. He thanked Turlov for expressing his keen interest in expanding his business operations in Pakistan, including through the establishment of branches, digital financial services, and correspondent banking partnerships.
The Prime Minister underscored Pakistan’s firm commitment to deliver on a robust economic reform agenda, and to ensure investor-friendly policies, building on the Government’s vision for rapid growth and digital transformation.
Emphasizing the enormous potential of Pakistan’s young population, and expanding digital infrastructure in the country, the Prime Minister invited Freedom Holding Corp. to actively participate in Pakistan’s financial market development. Both sides also discussed possible collaborations in areas such as retail brokerage, Islamic banking solutions, fintech innovation, and capital market development.
Timur Turlov expressed strong confidence in Pakistan’s economic future and reiterated his company’s commitment to exploring long-term strategic investments aligned with Pakistan’s development priorities.
The meeting was also attended by Shaza Fatima Khawaja, Federal Minister for Information Technology; Bilal Azhar Kayani, Minister of State for Finance; Haroon Akhtar Khan, Special Assistant to the Prime Minister on Industries and Production; and Foreign Secretary Amna Baloch. The presence of senior government officials underscored Pakistan’s strong intent to attract foreign investment and foster meaningful partnerships with leading international financial institutions.
Timur Turlov: The Visionary Behind Freedom Holding Corp.
Timur Turlov is an entrepreneur, investor, and the founder and CEO of Freedom Holding Corp. (Nasdaq: FRHC). Showing a keen interest in finance from a young age, at 16, while attending university, he began his career as a trader at World Capital Investments (WCI). This early exposure to financial markets laid a strong foundation for his future endeavors.
After graduating with a degree in economics, Timur Turlov joined the brokerage division of Uniastrum Bank, where he played an active role in building infrastructure for trading on American stock exchanges. Drawing on this valuable experience, in 2008, at just 21 years old, he founded Freedom Finance, an investment company focused on providing clients access to American stock exchanges. In 2012, Freedom expanded into the Kazakhstani market, rapidly establishing itself as one of the country’s leading brokerage firms.
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By 2019, Timur Turlov had successfully consolidated his various ventures under the unified brand of Freedom Holding Corp. In October of that year, he led the company to a landmark Nasdaq listing, making it the first financial organization from the CIS region to achieve this milestone. At the time of the IPO, shares were valued at under $15; by 2024, they had surged to $90, reflecting remarkable investor confidence and sustained business growth.
Under Timur Turlov’s visionary leadership, Freedom Holding Corp. has transformed into a globally diversified financial services group with offices across 22 countries and a market capitalization exceeding $5 billion. His strategic focus on digital innovation and ecosystem expansion continues to drive the company’s growth across new markets. Timur Turlov personally holds 69% of the company’s shares, a stake that earned him a place on Forbes’ 2021 billionaires list, ranked 1,517th with a net worth of $2.1 billion. By 2024, his wealth had grown to an estimated $4 billion, positioning him at 825th on the Forbes global rich list.
