(Chairman, Board of Directors)
Mahmood has been a Director since June 16, 2014.
He has also been elected as Chairman Board of
Directors. He is the Chairman of the Pakistan
Water and Power Development Authority (WAPDA).
Mr. Mahmood holds a Masters Degree in Economics,
LL.B. and is a Post Graduate in Development
Administration (Manchester University,UK).
Mr. Mahmood jointed Pakistan Administrative
Service in 1975 and has served in various administrative
posts in the field as Deputy Commissioner as
well as in CMI 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 was a Member and Chairman, Punjab Public
Mr. Aftab Mahmood Butt
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
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
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
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
Mr. Haq is a Fellow of the Institute of Cost
& Management Accountants of Pakistan.
Mr. Haq 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
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
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.
Mr. Owais Shahid
Owais Shahid has been a Director since September,
19, 2014. Mr. Shahid is the Group Head of Investment
Banking of Allied Bank Limited and has held
senior positions in Allied Bank Limited. He
has fourteen years banking experience which
includes work at National Bank of Pakistan,
Standard Chartered Modaraba, Emirates Bank International
PJSC and Union Bank Limited. He is also a Director
on the Board of Directors of Atlas Power Limited.
Mr. Shahid is a Chartered Financial
Analyst from CFA Institute USA and has a Master
of Business Administration (Finance/Banking).
His achievements include 20 Investment Banking
Award from internationally recognized institutions,
“Finance Gold” in BBA (Honors) from
Institute of Business Administration, and “State
Bank of Pakistan Gold Medal” from Institute
of Bankers Pakistan.
Mr. Zafar Mahmood
701 WAPDA House
|Mr. Aftab Mahmood Butt
5 B/3, Gulberg III, Lahore
|Syed Nizam Ahmad Shah,esq.
4 Mary Road,
Bath Island, Karachi
House Shahrah-e-Quaid-e-Azam, Lahore
Mr. Tahir Mahmood
|414- WAPDA House Shahrah-e-Quaid-e-Azam
|Mr. Ali Sameer Farooqui
8th Floor, State Life Building No. 1 I.I. Chundrigar
|Mr. Owais Shahid
Bath Island, Main Clifton Road Karachi