Mr. Waqar Ahmed Malik has spent over 27 years with ICI Group where his last assignments were as Chief Executive, ICI Pakistan Limited and Chairman, Pakistan PTA Limited (now Lotte Chemical Pakistan Limited). During his association with the large multinational group, Waqar served in multiple markets and undertook different positions including Chief Executive, Pakistan PTA Limited, and Vice President, Polyester Fiber Business & Head of North, and Chief Financial Officer at ICI Pakistan Limited.
Mr. Waqar is a fellow of the Institute of Chartered Accountants from England & Wales and an Alumnus of the Harvard Business School and INSEAD. He is also a faculty member at Pakistan Institute of Corporate Governance. He is founder Chairman of Noesis (Private) Limited. Besides being a director at Engro Corporation Limited, TPL Insurance Limited, TPL Life Insurance Limited, Pakistan Oxygen Limited and Standard Chartered Bank (Pakistan) Limited; he is also a trustee of I-Care Pakistan and a member of Advisory Board of Institute of Business Administration.
His previous engagements included; Board director, Chairman Audit Committee, and member of Human Resource Committee at State Bank of Pakistan, President of the Overseas Chamber of Commerce & Industry, President of Management Association of Pakistan, director at Pakistan Business Council, director at IGI Insurance Limited, member of Board of Governors at Lahore University of Management Sciences, trustee at Duke of Edinburgh Trust, Pakistan and member of Board at Indus Valley School of Art.
He was awarded Prince of Wales medal as a Trustee of the Prince of Wales Pakistan Recovery Fund for the flood victims in 2010
He is Chief Executive & Managing Director of Fauji Fertilizer Company Limited, FFC Energy Limited and Fauji Fresh n Freeze Limited and also holds directorship on the Boards of following:
He is Chairman of Sona Welfare Foundation (SWF) and Fertilizer Manufacturers of Pakistan Advisory Council (FMPAC) and member of the Board of Governors of Foundation University, Islamabad.
The General was commissioned in Pakistan Army in April1977 with the coveted Sword of Honour. During his illustrious service in the Army, he had been employed on various prestigious command, staff and instructional assignments including command of a Strike Corps.
He is a graduate of Command and Staff College Quetta and National Defence University Islamabad. He also holds Master Degree in War Studies. He has served on the faculty of Command and Staff College Quetta and National Defence University Islamabad. Since his retirement, he is on the honorary faculty of renowned institutions including National Defence University as a senior mentor. The General possesses vast experience as adviser to the leading corporate entities.
He has been awarded Hilal-e-Imtiaz (Military) and is also the first Pakistan Army General who has been conferred upon the U.S ‘Legion of Merit’ by the U.S Government for his meritorious services as a senior representative at U.S CENTCOM in Tampa, Florida.
Mr. Sarfaraz, a chartered accountant by qualification, has contributed management expertise to several multinational companies such as Unilever, SB (GSK), Jardine Matheson/Olayan JV and PepsiCo during his varied career.
In 2005, Mr. Sarfaraz established Engro Foods as its CEO. The company grew from a green-field to become the leading liquid dairy company in Pakistan. Engro Foods became the only Pakistani company to receive the ‘G20 Top 15 Company’ award. In 2012, he took a sabbatical from Engro Foods to establish the Karachi School for Business and Leadership. Mr. Sarfaraz rejoined Engro Foods as CEO in 2013, where he remained till 2015. Engro Foods sold 50% of its shares to Royal Friesland Campina for half a billion dollars in 2015. At the time this was the biggest private foreign investment in Pakistan’s history.
Since Oct 2015, he has been involved in consultancy projects, among others with ICI, IBL, JSPE, Shan Foods, Al-Shaheer (Meat One), Soya Supreme, Burque Corp, CCL and ITL.
Mr. Sarfaraz was contracted to Grant Thornton for 2016-17 as an executive coach during a culture change project at UBL. He conducts a well-established coaching/mentoring role, with business executives and university graduates. Mr. Sarfaraz has coached for Careem, Gatron-Novatex, Engro, ICI, Descon, PPL, UBL and City School.
Mr. Sarfaraz was Chairman of the Broadcasters/Advertisers Council 2015-18 (joint body controlling advertising in Pakistan). Further, he was the Chairman of the 1st Effie Awards in Pakistan, in 2019. He is also on the Board of MAP and Patient Aid Foundation.
Additionally, Mr. Sarfaraz speaks at various forums. He has given motivational talks at Lays, Mondelez, Nutrico, RB, Engro, Octara, ICI, Shell and MAP. At universities, colleges, schools and on media occasions he holds climate change talks/sessions to create awareness.
Mr. Sarfaraz is deeply interested in playing his part in giving back to society and has worked on an online interactive education model for mass education, to resolve the issue of literacy in Pakistan over the next decade. In the past he was associated with Shaukat Khanum Memorial Hospital as a Board of Goveror and with WWF as Director. He is also associated with Hisaar Foundation and its work on water/environmental issues in Pakistan.
Dr. Nadeem Inayat joined the Board of Directors on June 20, 2013.
Dr. Nadeem Inayat is the Director Investment of Fauji Foundation. He holds a Doctorate in economics with rich and diversified domestic as well as international experience in the financial system of over 26 years. His work experience can be broadly categorized into corporate governance, policy formulation and deployment, project appraisal implementation, monitoring & evaluation, restructuring and collaboration with donor agencies.
As Director Investment he is managing the investment portfolio of Fauji Foundation Group. He is also on the Board of Fauji Fertilizer Company Limited, Fauji Fertilizer Bin Qasim Limited, Fauji Cement Company Limited, Fauji Oil Terminal & Distribution Company Limited, Fauji Akbar Portia Marine Terminal Limited, Daharki Power Holdings Limited, Foundation Wind Energy – I Limited, Foundation Wind Energy – II (Private) Limited, Mari Petroleum Company Limited (Formerly Mari Gas Company Limited), Pakistan Maroc Phosphore S.A., and Foundation University.
He also conducts various academic courses on Economics, International Trade and Finance at reputable institutions of higher education in Pakistan.
Mr. Rehan Laiq joined the Board of Directors on December 01, 2018. He is member of the Board Audit Committee of Askari Bank Ltd.
Mr. Rehan Laiq is a qualified Chartered Accountant (FCA) with over 22 years of proven track record in developing business strategies, delivering results, developing organizational capability of infrastructure and acquisitions.
He carries vast international experience of Financial Management at a senior level in his career with Schlumberger in multiple countries of Middle East, Asia, Russia and North America.
Mr. Rehan Laiq brings with him diverse experience of policy Compliance, Management Reporting, External and Internal transformation (e.g, optimum utilization of resources for the business) and Analytical Business support to ensure profit maximization.
Besides being Director Finance Fauji Foundation, he is also on the Board of Fauji Fertilizer Company Ltd, Fauji Fertilizer Bin Qasim Ltd, Mari Petroleum Company Ltd, Dharaki Power Holdings Ltd, Foundation Power Company Dharaki Ltd, Foundation Wind Energy I Ltd, Foundation Wind Energy II (Pvt.) Ltd, Fauji Kabirwala Power Company Ltd, Fauji Cement Company Ltd, Askari Cement Ltd, Fauji Oil Terminal and Distribution Company Ltd, Fauji Akbar Portia Marine Terminal Ltd, FFC Energy Ltd, Fauji Fresh n Freeze Ltd, FFBL Foods Ltd, Fauji Meat Ltd, FFBL Power Company Ltd, Fauji Foods Ltd (FFL), Fauji Infraavest Foods Ltd and Fauji Electric Power Company.
Mr. Manzoor Ahmed is presently working as Managing Director, National Investment Trust Limited. Being COO, since 7 years, Mr. Ahmed has been successfully managing the operations and investment portfolio worth over Rs. 100 bn. He has experience of over 28 years of the Mutual Fund industry and has been placed at many key positions within NIT that includes capital market operations, investments, research and liaising with the regulatory authorities. He is M.B.A. and also holds D.A.I.B.P. At present, he is a candidate for CFA Level III. Mr. Ahmed has attended various training courses organized by locally and internationally reputed institutions like London Business School (LBS) UK and Financial Markets World, New York (USA). He represents NIT as Nominee Director on the Board of Directors of many leading national and multinational companies of Pakistan. Mr. Ahmed is also a Certified Director from Pakistan Institute of Corporate Governance.
Mr. Mushtaq Malik joined the Board of Directors on 31st March, 2017. He holds Master’s degrees in Economics and in Business Administration from Boston University, USA with specialization in International Business Management and Finance. He has also done Executive course in Project Evaluation and Management from Harvard University and Marketing Management Diploma from Delft University of Netherland. Besides, attended courses on Microeconomics BOP Management arranged by IMF and ADB at Washington DC and Manila, respectively. He enjoys excellent working relations with all the political as well as bureaucratic elite of Pakistan. He has worked at the top most positions in some of the important public sector organizations especially Ministry of Finance. He headed the Board of Investment (BOI) as a Federal Secretary and Pakistan Electronic and Media Regulatory Authority (PEMRA) as Chairman. Also has been representing Pakistan at various international forums. Mr. Malik has been the Economic Minister and Financial Advisor in the Embassy of Pakistan at Washington, DC. He was on the boards of HBL and ECO bank for 5 years and 2 years, respectively. He has served for 15 years in the Government of Punjab in various positions such as DG Local Government, Director of Industries and Mineral Development, Secretary Excise and Taxation, Secretary Environment Protection Development, Secretary Population Welfare and MD Punjab Mineral Development. Presently he is the advisor to MAS Group of Companies Ltd, Lahore, Byco Petroleum Pakistan Ltd and Siddiqsons, Karachi.
Ms. Zoya Mohsin Nathani is a senior banker with two decades of broad based experience in corporate banking relationship management, cash & trade sales, corporate finance, syndications, structured trade finance, SME Banking, Consumer Banking and Credit Risk Management.
Ms. Nathani completed her Masters in Business Administration from IBA Karachi and holds a MSc degree in Finance and Accounting from London School of Economics.
She has held various senior level positions in International and Local banks such as Director and Head of Global Corporates Pakistan, Standard Chartered Bank, Head of Corporate and Commercial Banking, Pakistan, JS Bank Ltd (Formerly American Express Bank), Director Capitas Group International and Head of Strategy Planning and SME, Burj Bank Limited.
Mr. Abaas brings with him rich experience in Governance, Public Administration, Personnel Management and Financial Management.
He holds a Bachelor degree from the University of Karachi. He joined Pakistan Navy in June 71 and after completion of training got commissioned in 1973. He got inducted into District Management Group in March 1980. During his 33 years long span of illustrious public service, He has worked as Deputy Commissioner of District Jhelum, Gujranwala and Faisalabad where his role included Administration of Criminal Justice, Civil and Revenue legal matters and monitoring of development projects. He also held senior assignments at provincial level, such as Provincial Secretaries of Labor, Transport and Industries in the Government of Sindh, besides being Secretary Social Welfare, Women Development with the Government of the Punjab. Additionally, he has worked as Director General Lahore Development Authority as well as Director General Parks and Horticulture Authority Government of the Punjab. Mr. Abbas was elevated to the highest positions as Federal Secretary Ministry of Housing and Works, Managing Director Pakistan Housing Authority, Chief Secretary Government of Sindh, Secretary Board of Investment and finally before retirement as Secretary to the Ministry of Interior, where he dealt extensively with Financial and Administrative matters. He has been Chairman of the Board of Directors of Sindh Bank and currently is on Board of Sindh Insurance Company and Sindh Leasing Company.
He has also represented Pakistan at various International Conferences, Seminars, meetings and UN sponsored fora.
A senior banker with over 35 years of banking experience of which 19 years on leadership position. He holds an MBA Finance degree and started his banking career with Citibank. While in Citi he worked as Business Head for Corporate Banking and subsequently Business Head for the Product Group.
He was CEO of Soneri Bank Ltd. where he has recently completed his nine year term. Prior to that he was CEO of Allied Bank Ltd. for three years preceded by a seven year stint as CEO of MCB Bank Ltd.
Under his tenure MCB received the prestigious Euro Money award six times as best domestic bank in Pakistan and secured highest Moody’s rating in the country.
He has served on several boards in the country and abroad. He has participated in high level training programs at Harvard Business School and Sloan Business School, MIT.
Mr. Abid Sattar has over 35 years of rich and diversified experience covering corporate, institutional, retail and consumer banking, both in Pakistan and overseas. Prior to joining Askari, he was based in Singapore heading International Business for Asia and Africa Regions for Habib Bank Limited. During his previous assignment at HBL Pakistan, he has held the positions of Head of Global Operations and Head of Retail and Consumer Banking. His earlier experience includes senior level positions with Citibank, Standard Chartered and Chase Manhattan banks.
Mr. Sattar has a proven track record of leading and building efficient and excellent teams. He is well known for hiring talent, maintaining highest standards of compliance while expanding and growing businesses.
He holds Masters in Economic and Politics of Development from Cambridge University, UK and is a Gold Medalist in MBA Finance from the Punjab University, Lahore.
Lieutenant General Muhammad Mustafa Khan, HI (M) (Retired) joined the Board of Directors on June 20, 2013.
Lieutenant General Muhammad Mustafa Khan, HI (M) (Retired), was commissioned in Pakistan Army in April, 1974. During his long meritorious service in the Army, the General Officer had been employed on various command, staff and instructional assignments including the prestigious appointment as Chief of General Staff and Corps Commander of a Strike Corps/Commander Central Command.
The General is a Graduate of Command and Staff College Quetta and Command & Staff College Fort Leavenworth USA. He is also a graduate of Armed Forces War College Islamabad (National Defence University) and completed Senior Executive Course from USA and holds Master Degrees in War Studies and International Relations. He has attended Finance for Executives Course at INSEAD France.
In recognition of his meritorious services, he has been conferred the award of Hilal-e-Imtiaz (Military). The General brings along a vast and diversified experience in operational, administration, management and evaluation systems up to various level of Command.
Presently the General holds the offices of Managing Director of Fauji Foundation and is Chairman on the Board of various Fauji Group of Companies including Fauji Cement Company Limited, Fauji Fertilizer Bin Qasim Limited, Fauji Cement Company Limited, Mari Petroleum Company Limited (Formerly Mari Gas Company Limited), Fauji Kabirwala Power Company Limited, Foundation Power Company (Daharki) Limited, Daharki Power Holdings Limited, Fauji Akbar Portia Marine Terminal Limited, FFC Energy Limited, Foundation Wind Energy-I Limited, Foundation Wind Energy-II (Pvt) Limited and Managing Director of Fauji Oil Terminal & Distribution Company Limited. After the recent acquisition of Askari Bank Limited by Fauji Foundation Consortium, Managing Director Fauji Foundation is also Chairman of the Bank.
An avid reader and a keen golfer.