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 Board of Directors



Mr. Zafar Mahmood
(Chairman, Board of Directors)

Mr. Zafar Mahmood has been appointed as Director of the Company on June 16, 2014. He has also been elected as Chairman Board of Directors. He is also the Chairman of the Pakistan Water and Power Development Authority (WAPDA). Mr. Mahmood holds Master Degree in Economics, LLB and Post Graduate in Development Administration from Manchester University, UK.

Mr. Mahmood jointed Pakistan Administrative Service with 1975 batch and served in various administrative posts in the field as Deputy Commissioner as well as in Civil Secretariat, Lahore. He served as Secretary Education Schools (Punjab). He worked as Consul General Istanbul and Vice Chairman, Export Promotion Bureau after promotion to BS-22. He also served as Federal Secretary Textile Industry, Industries, Cabinet, Water and Power, Petroleum and Natural Resources and Commerce. He also worked as Member and Chairman, Punjab Public Service Commission.

Mr. Aftab Mahmood Butt
(Chief Executive)

Mr. Aftab Mahmood Butt has been the Company’s Chief Executive since August 1, 2008. Prior to being appointed Chief Executive, he was a Director of the Company (appointment: July 2007). From January 2007 to July 2008, Mr. Butt held the position of General Manager Finance, Corporate Planning & Performance Monitoring in Pakistan Electric Power (Private) Limited (PEPCO). His other professional experience includes the position of Member Finance & Secretary Board in the Corporate and Industrial Restructuring Corporation, Ministry of Finance, Government of Pakistan.

Mr. Butt is a Fellow Member of the Institute of Chartered Accountants of Pakistan. He has more than 15 years experience in the corporate and finance sector in senior management positions. Mr. Butt is serving on the Board of Directors’ of Central Power Purchasing (Guarantee) Limited. His other previous Directorships include the Lahore Stock Exchange (Guarantee) Limited, and the Lahore Electric Supply Company Limited.

Syed Nizam Ahmad Shah

Syed Nizam Ahmad Shah has been a Director since September 2012. He has over 50 years of high professional experience in the fields of Industrial Management and Finance. Mr. Shah has held key positions in the private and public sector. He was the Chairman and Chief Executive of National Development Finance Corporation Limited, and Pakistan Tobacco Company Limited.

Mr. Nizam Shah holds directorship in Pakistan International Container Terminal Limited, and Pakistan International Bulk Cargo Terminal. He was previously on the Board of Directors’ of Hub Power Company Limited, and Laraib Energy Limited.

Mr. Anwar Ul Haq

Mr. Anwar-ul-Haq has been a Director since August 2008. Mr. Haq is the General Manager Costing & Tariff, WAPDA. He has to his credit over 30 years of rich diversified managerial experience in the field of budgeting, financing, accounting, auditing, taxation and tariff modulation of WAPDA/Ex WAPDA corporate entities.

Mr. Haq is a Fellow of the Institute of Cost & Management Accountants of Pakistan. Mr. Has is on the Board of Directors’ of Lakhra Coal Development Company Limited, First Credit and Investment Bank Limited, WAPDA First Sukuk Company Limited and WAPDA Second Sukuk Company Limited.

Mr. Tahir Mahmood

Mr. Tahir Mahmood has been a Director since February 2013. Mr. Mahmood is the Managing Director of National Transmission & Despatch Company Limited (NTDC). He has 36 years diversified experience in the power sector. His areas of specialization are contract administration of all types of construction and material procurement contracts, construction of EHV & HVT/lines and substations and bid evaluation (technical & financial) of procurement of material
and EPC contracts.

Mr. Tahir Mahmood is an Electrical Engineer. He is a Member of the Pakistan Engineering Council, the Institute of Engineers Pakistan, and Institute of Electrical & Electronics Engineers Pakistan. He is also the President of NTDC Sports Association.

Mr. Ali Sameer Farooqui


Mr. Ali Sameer Farooqui has been a Director since September, 18, 2013. Mr. Farooqui is the Senior Executive Vice President/Group Executive of United Bank Limited. Mr. Farooqui has over twenty years banking experience and has held senior positions in United Bank Limited and Prime Commercial Bank Limited. He is a Director on the Board of First Woman Bank Limited, National Investment Trust Limited and United Executors Limited.

Mr. Farooqui has a Master of Business Administration from the Lahore University of Management Sciences (LUMS). He was also the Chief Executive of United Assets Management Company. He has attended numerous courses, conferences and seminars, both locally and internationally covering a wide range of subjects including Credit, Risk Management, Derivatives, Financial Modeling, Corporate and Structured Finance, Islamic Banking, negotiation skills and strategies, selling skills etc.

Syed Zia Ijaz


Syed Zia Ijaz has been a Director since September 26, 2013. Mr. Ijaz is the Senior Executive Vice President/Group Chief - Operations of Allied Bank Limited. Mr. Zia has over twenty years banking experience. He is a Director on the Board of National Institutional Facilitations Technologies (NIFT) and 1 Link (Guarantee) Limited. He is also a representative on the Management Association of Pakistan and Pakistan Banks’ Association.

Mr. Ijaz is a Fellow Member of Institute of Chartered Accountants of Pakistan and holds a CPA from the American Institute of Certified Public Accountants, USA. He was also the Financial Controller of Riyad Bank of Saudi Arabia. He has attended numerous courses, seminars, workshops on Banking, Finance and Management organized by local and international institutes of repute

Directors Office Addresses

Name of Director

Office Address

Mr. Zafar Mahmood

701 WAPDA House, Lahore

Mr. Aftab Mahmood Butt

5 B/3, Gulberg III, Lahore

Syed Nizam Ahmad Shah,esq.

4 Mary Road, Bath Island, Karachi
Mr. Anwar-ul-Haq 713 WAPDA House, Lahore
Mr. Tahir Mahmood 5 B/3, Gulberg III, Lahore
Mr. Ali Sameer Farooqui
United Bank Limited.
8th Floor,
State Life Building No. 1 I.I. Chundrigar Road Karachi
Syed Zia Ijaz Allied Bank Limited
Banking Services Group
Head Office Kalma Tower,
1st Floor 3-4, Tipu Block,
New Garden Town. Lahore