Mr. Waqar Ahmed Malik joined Fauji Foundation as Managing Director and Chief Executive Officer on 9th April 2020. Mr. Malik is a fellow of the Institute of Chartered Accountants in England and Wales and is also an alumnus of the Harvard Business School and INSEAD.
Earlier, his career with The ICI Plc Group based in the UK spanned over 27 years and then later with Akzo Nobel N.V. based in The Netherlands.
For around 10 years, he served as the Chief Executive Officer of ICI Pakistan Limited and also the Chief Executive Officer and Chairman of Lotte Pakistan Limited (formerly Pakistan PTA Limited). During his career with ICI and AkzoNobel, he worked in Europe and Americas in Corporate Finance and Strategy Departments.
Presently, he is serving as Chairman on the Board of following Fauji Group Companies:
He is also Chairman of Pakistan Oxygen Limited (formally Linde Pakistan, a subsidiary of Linde AG) acquired by Adira Capital Holdings (Private) that he co-founded.
Earlier, Mr. Malik also served on the following boards:
He has been playing an instrumental role in development of Pakistan’s Regulatory System as well as for the advocacy to undertake economic reforms. Few of his other engagements have been:
Mr. Malik was a member of the visiting faculty of Pakistan Institute of Corporate Governance, Former Member of Board of Governors of Lahore University of Management Science (LUMS) and Former Member of Board of Indus Valley School of Arts.
He participates actively in social and philanthropic activities through I – Care Foundation, as a Trustee, he contributes to improve the quality of life of underprivileged by enhancing the level of philanthropic support.
A trustee of Duke of Edinburgh Trust Pakistan, he was awarded Prince of Wales Medal as a Trustee of the Prince of Wales Pakistan Recovery for the Flood Victims in 2010.
Lt Gen Tariq Khan, HI(M) (Retd) is Chief Executive & Managing Director of Fauji Fertilizer Company Limited, FFC Energy Limited and Fauji Fresh n Freeze Limited.
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 April 1977 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.
Lt Gen Tariq Khan, HI(M) (Retd) also holds directorship on the Board of following companies:
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.
Mr. Sarfaraz Ahmed Rehman also holds directorship on the Board of following companies:
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.
He also conducts various academic courses on Economics, International Trade and Finance at reputable institutions of higher education in Pakistan.
As Director Investment, Dr. Nadeem Inayat is managing the investment portfolio of Fauji Foundation Group and also holds directorship on the Board of following companies:
Syed Bakhtiyar Kazmi joined the Board of Directors on November 18, 2020. He is also member of the Board Audit Committee of Askari Bank Ltd.
Syed Bakhtiyar Kazmi is a Fellow Chartered Accountant (FCA) from the Institute of Chartered Accountants of Pakistan (ICAP).
Syed Bakhtiyar Kazmi besides as a Partner in KPMG Pakistan for 25 years brings with him diverse experience of Fiscal policy and macroeconomic research, Greenfield and brownfield projects, Strategic collaborations, acquisitions and mergers, Outlier in accounting and finance, Strategic level audit and assurance and Tax reforms and strategic level advisory.
He also holds directorship on the Board of following companies:
He is also a Columnist by hobby and regularly writes a column for Business Recorder.
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 and 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 a Certified Director from Pakistan Institute of Corporate Governance and also holds directorship on the Board of following companies:
Mr. Mushtaq Malik joined the Board of Directors on March 31, 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.
He has also 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 and 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 and has been the Economic Minister and Financial Advisor in the Embassy of Pakistan at Washington, DC.
He was on the board of HBL and ECO bank for 5 years and 2 years, respectively and 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, and also holds directorship on the Board of following companies:
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.
Ms. Zoya Mohsin Nathani also holds directorship on the Board of MNZ 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.
He also holds directorship on the Board of following companies:
He has also represented Pakistan at various International Conferences, Seminars, meetings and UN sponsored forums.
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 participated in high level training programs at Harvard Business School and Sloan Business School, MIT and has also served on several boards in the country and abroad. Presently, he also holds directorship on the Board of Hellenic Sun Insurance Brokers (Pvt) Limited.
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.
Mr. Abid Sattar also holds directorship on the Board of Pakistan Petroleum Limited.
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.