Board of Directors

The following persons have been elected as Directors of the Company at the Twelfth (12^th) Extraordinary General Meeting of the Company held on October 2, 2024 for three year term commencing from October 2, 2024.

Lt General (Retd) Sajjad Ghani has been appointed Director on August 17, 2022. General Ghani is a professional engineer and soldier, who has pursued two parallel career streams for over last four decades. He obtained Bachelor of Engineering Degree from Military College of Engineering in 1984. He was awarded Master’s Degree in Civil Engineering form University of Engineering and Technology, Lahore in 1990. He has been Commander of Corps Engineers and Quarter Master General Pakistan Army where numerous mega construction projects were executed under his supervision.

​General Ghani belongs to Corps of Engineers, commissioned in 1978.  H has commanded Infantry Brigade and Infantry Division during Swat Operations.  He has been Vice Chief of General Staff at GHQ. He has also commanded Corps at Karachi.

Mr. Muhammad Rabnawaz Anjum, GM Finance/ CFO has been appointed as the Chief Executive (acting) of the Company with effect from  August 1, 2024. Mr. Anjum joined the Company as Financial Controller in January 2014. Before joining the Company, he was working as financial controller at ACWA Power Barka, Oman, a subsidiary of ACWA Power International, the largest regional player in power sector. He has also worked with the Company as Manager Financial Reporting previously from 2007 to 2011. Prior to this, he was working with PricewaterhouseCoopers (PWC Pakistan).

Mr. Anjum is a Fellow Member of the Institute of Chartered Accountants of Pakistan. He has around 20 years experience in  corporate finance, strategic business planning, financial operations, stakeholders management and corporate governance in senior management positions of renowned power generation companies of Pakistan and the Middle East.  

Mr. Aqeel Ahmed Nasir has been a Director since March 2015. Mr. Nasir is the Company Secretary & Chief Legal Counsel of United Bank Limited (UBL). Mr. Nasir has to his credit more than 20 years experience in the legal and financial sector of both the public and private sector.

Mr. Nasir is a Master of Laws (LL.M.) from the University of London, England. He is a Director on the Board of Directors of United Executor and Trustee Limited (a wholly owned subsidiary of UBL). He is also a director of the Pakistan Institute of Corporate Governance and Central Depository Company of Pakistan Limited (CDC). His previous employments include Sui Southern Gas Company Limited, Pakistan PTA Limited and ICI worldwide Group Company.

Mr. Hafiz Muhammad Yousaf has been Director since June 21, 2019. Mr. Yousaf is a highly qualified professional having diversified qualifications from the renowned Institutions of Pakistan, USA, and Canada.  He is a Fellow Member of the Institute of Chartered Accountants of Pakistan (ICAP), Fellow Member of American Institute of Certified Public Accountants (AICPA) and Member of Canadian Institute of Chartered Professional Accountants (CICPA) besides being member of many other renowned international professional institutions.

Mr. Yousaf possesses over three decades of diversified post qualification experience as a Chartered Accountant, (including two decades at a Big 4 accounting firm as Partner/Country Leader Consulting). His core areas of specialization are corporate finance and restructuring, corporate compliance and regulations, governance and oversight, assurance, consulting and financial advisory services. He has handled, directed and managed a wide variety of complex professional assignments for private and public sectors, national and international entities.

Mr. Yousaf has the honor of serving the council of ICAP for eight years (2009-17) in various leadership positions including being its President for 2015-16 term and represented Pakistan on various prestigious international forums including International Federation of Accountants (IFAC), International Accounting Standard Board (IASB), Asian Oceana Standards Setters Group (AOSSG), CA Worldwide (CAW) and South Asian Federation of Accountants for many years on different meetings and conferences. He has also served on the Boards of State Bank of Pakistan (SBP), and Securities and Exchange Commission of Pakistan (SECP) including chairing their Audit and Oversight Committees respectively besides being part of many other important committees of the Boards. Currently he is also a Board Member of SAMBA Bank Limited, Pakistan Security Printing Corporation and Security Papers Limited.

Mr. Saad Iqbal has been Director since November 4, 2016. Mr. Saad Iqbal is a graduate of Curry College, USA in Business Communication. He is also holds a Postgraduate Diploma in International Business Management (2009) from Kingston University, United Kingdom.

Mr. Saad Iqbal is the Chief Executive of Gul Ahmed Bio Films Limited, Swift Textile Mills (Private) Limited and Metro Solar Power Limited. His other Directorships are on the Board of Directors of Millat Tractors Limited, Metro Power Company Limited, Metro Wind Power Limited, Metro Estate (Private) Limited, Tariq Glass Industries Limited and HUB Power Company Limited.

Mr.Naveed Asghar Chaudhary
(Director)

Mr. Naveed Asghar Chaudhry has been Director since February 19, 2020. He is Fulbright Scholar and has done his MS in Finance and MA in Economics from Georgia State University, USA and an MBA from Australian National University. In addition, he has a BS in Electrical Engineering from University of Engineering & Technology Lahore. He belongs to the Pakistan Audit & Accounts Service and possesses more than 18 years of professional working experience. During his career he has served at senior positions including Director of a Department of the Auditor General of Pakistan, Economic Specialist at US Consulate General Karachi and Directing Staff at Civil Services Academy, Lahore.

He is a Member Finance/General Manager Finance of the Pakistan Water and Power Development Authority (WAPDA). Mr. Asghar is also a Director on the Board of Directors of Neelum Jhelum Hydropower Company Limited, Diamer Basha Dam Company and First Credit and Investment Bank Limited. He is Member of American Economic Association, member of American Finance Association and Member of Pakistan Engineering Council.

Mr. Jamil Akhtar has been Director since April 15, 2021. He is the Member (Power) of the Pakistan Water and Power Development Authority (WAPDA). Mr. Akhtar has 35 years’ experience in operation, maintenance of hydel power stations of WAPDA Hydroelectric and other power plants, procurement and contract management, rehabilitation of old hydro power plants, negotiation with International donor agencies for project funding. He is also responsible for administrative, technical, financial, audit management and coordination with various Ministries for Rehabilitation and Development Projects.

Mr. Akhtar is a B.Sc. Engineering (Electrical) and registered with the Pakistan Engineering Council (PEC). He has also attended various trainings/short courses in Pakistan and abroad. He also a Member on the Board of Directors of Neelum Jhelum Hydropower Company and Diamer Basha Dam Company.

Ms. Mahwish Humayun Khan
(Director)

Ms. Mahwish Humayun Khan elected Director since October 2, 2021. She is Fulbright Scholar and has done her Master in International Political Economy and Development from Fordham University, New York, USA. She also has Master degree in Business Administration major in Finance from NUST Business School, Islamabad.

Ms. Khan has over nine years of communications experience in strategic communications, developing knowledge products, content management, stakeholder engagement, advising on communication tools for projects and digital media management. Strong and demonstrated interest in economic empowerment, global health, climate and urbanization, and the Sustainable Development Goals.

Mr. Khawaja Khalil Shah
(Director)

Mr. Khawaja Khalil Shah has elected Director of the Company on October 2, 2024. Khawaja Khalil Shah is currently the Chief Executive Officer of MCB Investment Management Limited which he joined in November 2023.  He has around 35 years of extensive banking experience in corporate business development and risk management.  Before his current role at MCB Investment Management Limited, he served as Chief Risk Officer at MCB Islamic Bank Limited, where he was instrumental in developing and implementing risk management framework from scratch.  In his tenure as Business Head-Portfolio Management in the Wholesale Banking Group at MCB Bank Limited, he successfully managed large portfolios, driving significant business growth and fostering strong client relationships.

Khalil has also held key positions at Al-Faysal Investment Bank and Faysal Bank Limited, where he contributed to the development and execution of strategic initiatives that enhanced the banks’ market positions. He has also worked at Union National Bank, Abu Dhabi on corporate relationship management side.  His extensive experience in both conventional and Islamic banking has equipped him with a unique perspective and a comprehensive understanding of the banking and financial sectors.   He holds an MBA degree from Lahore University of Management Sciences.