Mr. Waqar Ahmed 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.
He is the former Chief Executive Officer of ICI Pakistan Limited and also the former 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 America in Corporate Finance and Strategy.
Mr. Waqar Ahmed Malik joined Fauji Foundation as the Managing Director and Chief Executive Officer on 9th April 2020.
He is also the Chairman of Pakistan Oxygen Limited (formally Linde Pakistan, a subsidiary of Linde AG) acquired by Adira Capital Holdings (Private) that he confounded, Director on the board of Rafhan Maize Products Company Ltd and on the board of Jazz Pakistan (Veon).
Earlier, Mr. Malik also served on the following prestigious boards:-
Director (Non-Executive & Independent) – Engro Corporation Limited
Director – State Bank of Pakistan
President – Overseas Chamber of Commerce & Industry (OCCI)
President – Management Association of Pakistan (MAP)
Director – Pakistan Business Council (PBC)
Trustee – I-Care Foundation
Director (Non-Executive & Independent) – Standard Chartered Bank of Pakistan Limited
Mr. Malik is also a member of the visiting faculty of Pakistan Institute of Corporate Governance, Former Member of Board of Governance of Lahore University of Management Sciences (LUMS) and Former Member of Board of Indus Valley School of Arts.
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. Furthermore, he was also awarded with “Sitara-e-Imtiaz” in 2022 for his efforts towards the economy, public service and social welfare.
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. 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.
From Oct 2015, he was 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 also working with Grant Thornton for 2016-17 as an executive coach during a culture change project at UBL. He conducted 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.
Additionally, Mr Sarfaraz speaks at various forums. He has given motivational talks at Lays, Mondelez, Nutrico, RB, Engro, Octara, ICI, Shell, MAP etc. At universities, colleges, schools and on media occasions he holds climate change talks / sessions to create awareness.
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 was on the Board of MAP and is on the Board of Patient Aid Foundation. 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 Hospital as a member of the Board of Governors and with WWF as a Director. He is also associated with Hisaar Foundation and its work on water / environmental issues in Pakistan.
Mr. Sarfaraz Ahmed Rehman was appointed as Managing Director & Chief Executive Officer of FFBL, FPCL and FML from June 2020 to Sep 2021. He assumed the charge as Managing Director and Chief Executive Officer of FFC since October 2021.
Mr. Arif ur Rehman was appointed Chief Manufacturing Officer in July 2016, based at the Head Office in Lahore with responsibility for all aspects of manufacturing for the Fatima Group’s three Fertilizer Manufacturing facilities, Fatima Fertilizers, Sadiqabad; Pak Arab Fertilizer Company, Multan and Fatima Fertilizers, Lahore (Ex Dawood Hercules). He had responsibility for Operations, Costs, Budgets and People aspects for all Fertilizers. In addition, he was also responsible for the Supply Chain Function for the entire group where he controls the budget of about USD 200 Million per year, growth, sustainability and strategy of the FG; Fertilizer Business.
In 2007 he joined the Fatima Group as Project Director and led the USD 750 Million Project from ground breaking till its commissioning. This was a green field project comprising of Ammonia, Urea, NP, CAN, Nitric Acid, Utilities and related facilities. One of the salient features of the job was that it was a self-managed EPC Project. Mr. Arif was engaged with dozens of international contractors directly and completed the project successfully in 2011. After the commissioning of the project, he was appointed its Director Operations. In that role he brought the site to its full potential by a series of revamps that included the plants and organizational and systems improvement. As a result, the production increased from 0.8 to 1,475 Million tons per year and the bottom line improved from -PKR 2.0 Billion to
+10 Billion.
In 1996, he joined ICI Pakistan’s PTA Business, which was the first and is still the only PTA plant in Pakistan with new technology. He worked as the commissioning leader for the most complex, Oxidation Plant. Later on he led all the remaining sections of the PTA plant (Purification and Utilities) and took over as the first local Production Manager for the PTA Business in 2001. He also worked as Technical Services & DBN Manager and was appointed as Site Operations Manager in 2005, where he was responsible for Operations, Maintenance, Inspection and Materials Management.
Arif started his professional career from Fauji Fertilizer Co (FFC) where he initially worked as Process Engineer in the Ammonia, Urea and Utilities plants. Later on he worked as Process Engineering In-charge, Operations Engineer-Ammonia and Ammonia DBN Commissioning Engineer. In mid-1994, his services were transferred to FJFC (now FFBL) project team. He worked at FJFC for about 3 years and was a part of the multidisciplinary team that developed the FJFC Project from inception to firm order placement. He led the engineering and improvement of the Ammonia Plant. For that project he remained in USA for about a year as Ammonia Plant Lead.
Dr. Nadeem Inayat holds a Doctorate in Economics and has over 38 years of diversified exposure in corporate sector. He has vast experience in corporate governance, policy formulation, project appraisal, implementation, monitoring & evaluation, restructuring, mergers and acquisitions.
He also has conducted various academic courses on Economics, International Trade and Finance at reputable institutions of higher education in Pakistan. He is also a lifelong member of Pakistan Institute of Development Economics (PIDE).
Mr. Kazmi is a fellow chartered accountant with over 35 years of experience in a diverse range of sectorial and functional strata within national and regional economies. The key areas of his specialization are greenfield and brownfield projects, strategic collaborations, mergers and acquisitions, accounting and finance, strategic level audit and assurance and tax reforms and strategic level advisory.
Other Directorships
Fauji Fertilizer Company Limited
Fauji Fertilizer Bin Qasim Limited
Fauji Cement Company Limited
Daharki Power Holdings Limited
Fauji Akbar Portia Marine Terminals Limited
Fauji Foods Limited
Fauji Fresh n Freeze Limited
Fauji lnfraavest Foods Limited
Fauji Kabirwala Power Company Limited
Fauji Oil Terminal and Distribution Company Limited
Mr. Manzoor Ahmed is Chief Operating Officer (COO) of National Investment Trust Limited (NIT). As COO, he has been successfully managing the operations and investment portfolio worth over Rs. 95 billion. He has experience of over 32 years of the Mutual Fund industry and has been placed at many key positions within NIT that includes capital market operations, investment management, research and liaising with the regulatory authorities. He has also served NIT as its Managing Director (Acting) twice from May 2013 to May 2014 and September 2017 to February 2019. He is M.B.A. and also holds D.A.I.B.P. He has also been the Council Member of The Institute of Bankers Pakistan.
Mr. Manzoor Ahmed has vast experience of serving on the Boards of various top ranking companies of Pakistan belonging to the diverse sectors of economy.
Mr. Ahmed has also attended various training courses organized by institutions of international repute like London Business School (LBS) UK, Institute of Directors, London and Financial Markets World, New York (USA).
Currently, 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.
Other Directorships
Hub Power Company Limited
Ghandhara Tyre & Rubber Company Limited (Formerly General Tyre & Rubber Company of Pakistan Limited)
Mr. Kamran Y. Mirza is a qualified Chartered Accountant (Nov. 1968) from United Kingdom and started his career in Pakistan as an auditor with A.F. Ferguson & Co. Mr. Mirza then made a career move in December 1970 and joined Abbott Laboratories (Pakistan) Limited, a multinational Pharmaceutical cum health care company as Chief Financial Officer. He became one of the youngest Managing Director’s of his time in the year 1977 and remained in that position, i.e. Managing Director Abbott Pakistan, for 29 years.
Mr. Mirza held the position of Chairman Export Processing Zones Authority from February 2007 to March 2009 and then joined PBC (Pakistan Business Council) as its Chief Executive Officer, a position he held till December 2015. PBC is a Think Tank cum Business Policy Advocacy Forum.
He is the Chairman of Philip Morris (Pakistan) Ltd. and Unilever Pakistan Foods Ltd. (UPFL). He is also serving as Director on the Boards of Colgate Palmolive (Pak) Ltd., Education Fund for Sindh (EFS), of which he was the Chairman from Dec. 2012 to Oct. 2016.
Previously, he served as Chairman of Pakistan Mercantile Exchange Ltd. (PMEX)–formerly National Commodity Exchange Ltd. (NCEL), Chairman of Karachi Stock Exchange (KSE), President of Overseas Chamber of Commerce & Industry (OICCI), President of American Business Council (ABC), Chairman of Pharma Bureau (Association of Pharmaceutical Multinationals).
He served as Director on the Boards of State Bank of Pakistan (SBP), Pakistan State Oil (PSO), International Steel (ISL), Sarmaya-e-Pakistan Ltd., National Bank of Pakistan (NBP), Bank Alfalah Ltd, Abbott Laboratories (Pak) Ltd., Pakistan Textile City Ltd., Competitiveness Support Fund (CSF), Genco Holding Company, NAVTEC, Safari Club of Pakistan Ltd. and Karwan-e-Hayat of which he was also the Chairman. Further, he represented PBC on the Board of BOI (Board of Investment) and other Government Bodies/Institutions.
Mr. Mirza has also been a past Chairman of a Task Force set up by Planning Commission on Pharmaceutical Industry, a member of the Economic Advisory Board of the Federal Government and Sindh Wild Life Board. He has served as a Member on Quality Control Board of Institute of Chartered Accountants of Pakistan. He also lectures regularly at the Pakistan Institute of Corporate Governance (PICG).
Other Directorships
Colgate-Palmolive (Pakistan) Limited
EFS (Education Fund for Sind) Registered under Section 42 – Companies Ordinance 1984
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.
Samina Rizwan is the CEO and Founder Partner of The CalmKaaj Network (Pvt.) Limited, a coworking space and professional services provider for the community. CalmKaaj aspires to transform loosely connected groups of people into a healthy community of members, who contribute high value to their business ventures in particular, and to the community’s ecosystem in general. The flagship project, CalmKaaj coworking space in Islamabad, is operational, and a number of followup projects such as community and partnerships, professional services, and learning pathways are in the pipeline. After 20 years of a global career in big tech, Samina returned to Pakistan and became associated with Code for Pakistan, a not-for-profit initiative where, as Country Director, she built support for civic tech.
Samina joined Oracle in 2001 as Managing Director, South Asia Growth Economies, and established Oracle’s presence in Pakistan, which led to Pakistan’s leadership of other countries in the region, including Sri Lanka, Bangladesh, Nepal, and Afghanistan. Samina’s last assignment with Oracle was as Vice President of Key and Lead Accounts, where she took stewardship of Oracle’s most critical customer accounts in ASEAN. Prior to that, she led the ECEMEA Analytics & Big Data team, which architected data mgmt. platforms for customers. Over the past 20 years, Samina’s focus has been on establishing and scaling operations in new geographies and introducing cutting- edge solutions and technologies into the regions she has been responsible for such as MEA, SAGE, and ASEAN.
Before Oracle, Samina was Director, Information Systems, at Paktel Limited, a subsidiary of UK telecom company Cable and Wireless. She began her career 30 years ago in Washington DC as a Systems Analyst for The American Security Bank Limited. Her industry experience mainly consists of technology solutions in banking, telecom, and the public sector.
Samina founded Rizwan Scholars, a trust registered in Pakistan, which sponsored tertiary education scholarships for students from underserved communities in the country. Samina maintains a strong interest in Pakistan’s evolving startup ecosystem, investing in early-stage startups that offer tech interventions in education, healthcare, agriculture, the inclusion of marginalized communities, and indigenous small and medium industries.
Samina holds an Executive MBA from the Lahore University of Management Sciences and a Bachelor of Science in Information Systems from American University in Washington DC. She is a Certified PMP from PMI and a Certified Board Member from PICG. Currently, she serves as Member of Advisory Boards of USAID IPA and the National Incubation Center Peshawar. Samina lives in and operates from Islamabad.
Association, Certifications and Awards
Member Advisory Board of USAID IPA, Pakistan
Member Advisory Board of National Incubation Center, Peshawar
Club Excellence performance winner several years from Oracle Corp
Certified PMP of Project Management Institute (PMI) (First Pakistani woman to achieve this certification)
Certified Director from Pakistan Institute of Corporation Governance
Scholarship winner from USAID for higher studies
Ex-Member Prime Minister’s Business Council, of Pakistan
Ex-Global Executive Committee Member, Oracle Women Leadership
Ex-Member Board of Governors FMTI-PIMS
Ex-Member Board of Directors, Khushhali Bank
Ex-Member Advisory Board, Competitiveness Support Fund, USAID
Mr. Abbas 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 34 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 Labour, 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.
Mr. Bokhari is a career banker with 34 years of experience in domestic and international banking. He started his banking career in 1985 with Bank of America, where he handled diverse assignments over 15 years. Subsequent to leaving Bank of America in July 2000, Mr. Bokhari joined Habib Bank Limited where he was Head of Corporate and Investment Banking.
In May 2004, Mr. Bokhari took charge of UBL as President and CE and remained in this position until June 2014. During this ten-year period, UBL ventured into new diversified business and revenue streams namely consumer financing, e-commerce, branchless banking, asset management and general insurance. UBL became the second largest private commercial bank in Pakistan with a network of over 1300 branches including 18 branches in 7 countries. Mr. Bokhari was also the Chairman of UBL Tanzania, UBL AG Zurich and Director of UBL UK.
Mr. Bokhari had a two-year stint ending in December 2016 as President and CE of NIB Bank (Wholly owned subsidiary of Fullerton Financial Holdings – Temasek, Singapore).
Mr. Bokhari has also served as Minister of State & Chairman Board of Investment (BOI), Prime Minister Office, Pakistan, from March 2020 to June 2021.
Mr. Bokhari has been actively involved with private sector programs for health and development of education in Pakistan. He was founding Director of the Karachi School for Business and Leadership. Mr. Bokhari has also served as Director State Bank of Pakistan (SBP) Board & Member Monetary Policy Committee. He also serves on the Board of Governors of Shaukat Khan Memorial Trust (SKMT), Patients’ Aid Foundation and Kidney Centre.
Other Directorships
Board of Governors Shaukat Khanum Memorial Trust
Board of Governors Patients’ Aid Foundation
Board of Governors Kidney Centre
Lt Gen Muhammad Mustafa Khan, HI(M)(Retd)
Chairman - Board of Directors
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.
