(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.
His other previous Directorships include the
Lahore Stock Exchange (Guarantee) Limited, the
Lahore Electric Supply Company Limited and Central
Power Purchasing (Guarantee) 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 was 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. Owais Shahid
Shahid is Chief, Corporate & Investment
Banking Group in Allied Bank Limited (ABL).
He joined ABL in 2005 and has led its investment
banking team as Head Syndications and then as
Group Head Investment Banking. He established
it as a leading investment banking outfit in
Pakistan. His Corporate & Investment Banking
experience spans over 14 years and includes
numerous innovative and unique transactions
in syndications, M&A, listings, project
financing and capital markets. With strong credit
background and substantial corporate finance
& advisory experience, he has led a number
of landmark transactions and has executed over
300 investment banking transactions valuing
over USD 20 Billion with ABL being in a lead
role. These transactions also include various
“first of its kind”, “largest”
and “award-winning” transactions
concluded in history of Pakistan’s investment
banking industry. In recognition of ABL’s
market leadership in investment banking in Pakistan,
ABL was honored with over 25 investment banking
awards from internationally recognized institutions.
Owais also represents ABL on the Boards of Kot
Addu Power Company and Atlas Power. Prior to
joining ABL, he has worked for National Bank
of Pakistan, Standard Chartered Modaraba and
Emirates Bank International. His qualifications
include BBA (Hons) & MBA from IBA, Karachi
and Chartered Financial Analyst from CFA Institute,
| Mr. Aqeel
Aqeel Ahmed Nasir has been a Director since
March 30, 2015. Mr. Nasir is the Company Secretary
& Chief Legal Counsel of United Bank Limited.
Mr. Nasir has held key positions in various
public sector companies and financial institutions
including Sui Southern Gas Company Limited,
Pakistan PTA Limited – ICI worldwide Group
Company. Mr. Nasir is also a director on the
Board of Directors of the Lahore Stock Exchange
Limited, and United Executor and Trustee Limited
(a wholly owned subsidiary of UBL). He is also
a director of the Pakistan Institute of Corporate
Mr. Nasir is a Master of Laws
(LL.M.) from Queen Mary & Westfield College,
University of London, England. Mr. Nasir has
twenty (20) years of professional qualification
experience in the legal and financial sector,
heading various legal divisions of multiple
institutions in Pakistan and practicing as a
Senior Associate in Pakistan’s premier
Corporate & Commercial and Banking &
Finance institutions. Thorough understanding
of legal and commercial issues inter alia, relating
to banking, energy and corporate laws. Areas
of interest include mergers and acquisitions,
negotiations, corporate governance, financial
services, development finance, corporate laws
and complex litigation related to financial
transactions including Anti-Money Laundering.
Mr. Nasir has attended numerous trainings and
workshop internationally covering the legal
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. Owais Shahid
Bath Island, Main Clifton Road Karach
|Mr. Aqeel Ahmed Nasir
2nd Floor Plaza No. 333, Z-Block
Phase III, DHA Lahore