Mr. Humayun Bashir Chairman & Independent Director

Mr. Humayun Bashir is serving as an independent director and the Chairman of NCCPL's Board of Directors.

Academically, Mr. Humayun holds an Engineering degree and has completed various business management and leadership courses from Institute of Business Administration (“IBA”), IBM Academy NY, INSEAD France and Boston University, USA. He is a certified director from Pakistan Institute of Corporate Governance (“PICG”).

Mr. Humayun brings 40 years of diversified experience with IBM in Pakistan, Afghanistan, Iran, and MEA headquarters Dubai. He was Country General Manager & CEO of IBM Pakistan for 16 years where he started multiple new lines of services businesses. He introduced various technology solutions for banking, capital markets and telecom sectors. He is also engaged with Incubators, Fintechs Ecosystems and serves on Startups and others' advisory boards/roles.

Mr. Humayun had earlier served as independent director on the Boards of SILKBANK, Pakistan Oxygen Limited (formerly Linde Pakistan Limited), Karachi Port Trust and Export Processing Zone Authority. He was elected as President of the Overseas Investors Chamber of Commerce & Industry for the year 2012 and as President of the American Business Council for the year 2011.

Mr. Humayun is the Chairman of Information Technology & Digital Committee, Nomination Committee and Human Resource & Remuneration Committee. He is also a member of the Risk Committee, Investment Advisory & Building Committee and the Default Management Committee and a trustee of Settlement Guarantee Fund.

In addition to NCCPL, Mr. Humayun is currently serving on the Boards of State Life Insurance, NBP Funds & Khushali Microfinance Bank.

Business Address

National Clearing Company of Pakistan Limited
8th Floor
Pakistan Stock Exchange Building
Stock Exchange Road
Karachi

Mr. Muhammad Lukman Chief Executive Officer / Executive Director

Mr. Muhammad Lukman is a fellow member of the Institute of Chartered Accountants of Pakistan (ICAP), Institute of Cost & Management Accountants of Pakistan (ICMAP), a qualified Corporate Secretary from the Institute of Corporate Secretaries of Pakistan (“ICSP”) and a certified director from ICAP.

Mr. Lukman joined the Company in 2004 as Chief Operating Officer and assumed the position of Chief Executive Officer in July 2006. He has over twenty-five years of enriched and diversified experience with national and multinational companies. He started his career with A.F. Ferguson & Co., (a member firm of the PwC global network) in assurance services and also worked in their tax services. He has served as a member of the Financial Impact Team in Coca Cola F & N Singapore and also served as Finance Head in Rhone - Poulenc Rorer Pakistan Limited. He has also served Central Depository Company (CDC) as Head of Finance in 1997 and he during his tenure, along with reorganization of the finance department, also initiated the trusteeship operations.

Mr. Lukman has represented NCCPL on various committees formed by Capital Markets, Mutual Funds Association of Pakistan and the Securities and Exchange Commission of Pakistan (“SECP”). He has also represented NCCPL on the Legal and New Product Development Committees of Asia Pacific CDS Group (“ACG”) which deliberated the drafting of different Regulations of the Asia Pacific region. He has attended specific trainings and workshops on Capital Markets including training organized by US Securities & Exchange Commission in Washington DC.

Mr. Lukman is the first Pakistani national appointed as an expert advisor of Shanghai Institute for Real Economy, a research based institute and a think tank. He has been a keynote speaker on various forums conducted by ICAP and ICMAP. He also supports various education, training & development initiatives.

Business Address

National Clearing Company of Pakistan Limited
8^th Floor
Pakistan Stock Exchange Building
Stock Exchange Road 
Karachi

Ms. Aliya Yusuf Independent Director

Ms. Aliya Yusuf is serving as an independent director on NCCPL Board.

Academically, Ms. Aliya holds a B.A (Hons) in law from the University of Cambridge and is a Barrister from Grays Inn. She is also a certified director from PICG.

Ms. Aliya Yusuf is working as a Partner at Orr Dignam & Co from over 20 years. She has extensive experience in a wide range of corporate, regulatory, financial and commercial matters primarily focused on M&A and project work and in the oil & gas, energy, pharmaceutical and communication sectors representing local and foreign clients in the public and private sectors.
During her career with the firm, she has been involved in a number of significant and groundbreaking transactions starting with the employee buyout of Exxon Chemical Pakistan Limited and more recently the acquisition by Total Parco Limited of Chevron Pakistan Limited and routinely works on M&A transactions. She is a ranked lawyer in certain prestigious legal journals such as Chambers Asia Pacific (and Global), the Legal 500 and Asialaw Leading Lawyers.
Ms. Aliya has contributed to several legal publications as the co-author of certain publications such as the Pakistan Chapters of "Corporate Mergers and Acquisitions" (Kluwer Law), "Getting the Deal Through - Oil Regulation 2008" and "Global Renewable Energy Guide 2012" (Cakmak Avukatlik Burosu). Ms. Aliya has served on a number of boards in the capacity as independent non-executive director. Previously she served as a director on Wyeth Pakistan Limited, Engro Powergen Qadirpur Limited (including during its transition to a listed company), Lotte Chemical Pakistan Limited and First Microfinance Bank Limited.

Ms. Aliya currently holds directorships/ offices in following Companies/ Institutions:

• Colgate Pakistan Limited, Director
• Thal Limited, Director

Ms. Aliya is the Chairperson of Audit Committee and a member of Nomination Committee constituted by NCCPL Board.

Business Address

State Life Building No. 1-B I.I Chundrigar Road,
City Railway Colony, Karachi

Mr. Khurshid Zafar Qureshi Independent Director

Mr. Khurshid Zafar Qureshi has been appointed as an independent director on NCCPL Board.

Academically, Mr. Khurshid holds MBA degree from Quaid-e-Azam University Islamabad and has also attended various local and international training courses.

Mr. Khurshid is currently serving as a Chief Operating Officer at Askari Bank Limited. He has over 30 years of banking experience in the field of corporate, investment and retail banking. Over the course of his experience, he has worked for several banks in senior level roles. He joined Askari Bank in July 2010 and held key position of Group Head Corporate & Investment Banking, Group Head Commercial Banking and General Manager South.

Mr. Khurshid is the Chairman of Risk Committee and a member of Investment Advisory & Building Committee constituted by NCCPL Board. 

Business Address

Askari Bank Limited, 3rd Floor, COO Office 
NPT Building, F-8 Markaz, Islamabad

Mr. Imran Husain Independent Director

Mr. Imran Husain has been appointed as an independent director on NCCPL Board.

Academically, Mr. Imran completed his graduation in 1971. He is a certified director from Institute of Business Administration (“IBA”).

Mr. Imran is a diversified professional with over 40 years' experience in senior leadership assignments of Chief Executive Officer/Managing Director, with a proven track record of superior performance through teamwork, continued commitment & application of diversified skill set. The Professional traits include: Strategic Vision, Business intelligence, Leadership, Team development, Change management and effective execution.

Mr. Imran started his working career with Union Carbide Pakistan, manufacturers of Eveready dry battery cells and military battle batteries. He then held an important assignment for Fiat handling their commercial vehicles sales to various government transport agencies in the provinces. He worked as Managing Director of Pangrio Sugar Mills, Badin for 12 years and he holds the record of crushing in its first season and was an evolutionary unit in the field. He also successfully handled IPO for the Company.

Mr. Imran has had a rich experience in the construction sector, having built large industrial units in Karachi and rural Sindh. The Port Grand project on the KPT leased Napier Mole Bridge was planned and built under his stewardship as CEO. 

Mr. Imran has been associated with Augere Holdings Netherlands BV in establishing the international QUBEE Broadband networks in Pakistan, Bangladesh and Uganda. He was first CEO of the Pakistan company and then built the Bangladesh network from its inception, He was the director responsible for all international regulatory matters. He has served in an advisory capacity on multiple committees formed by the Federal and Provincial governments on various aspects of governance and is currently a member of the Complaints Oversight Committee of the FBR.

He is the current Chairman of the Board of the Sindh Cricket Association under the PCB and has been a very active sportsman; He held the Pakistan High Jump Record and has been a First Class cricketer, representing Karachi in the Quaid e Azam and Ayub Zonal cricket trophies. He is a member of Sind Club, Karachi Gymkhana, Karachi Boat Club, the Kennel Club of Pakistan and President of the German Shepherd Dog Club of Pakistan.

Mr. Imran is a member of the Audit Committee and Information Technology & Digital Committee constituted by NCCPL Board.

In addition to NCCPL, Mr. Imran is currently serving on the Boards of:

• Fauji Foods Limited;
• TPL REIT Management Company Ltd;
• Augere Pakistan Ltd;
• Sharp Telecom Ltd; and
• the Board of the WUSV (Weltunion der Deutsche Schäferhunde Vereine), based in Augsburg, Germany .

Business Address

Apartment 7, 7 Towers Building, Shahrah Iran
Clifton, Karachi

Mr. Ahmed Chinoy Non Executive Director

Mr. Ahmed Chinoy has been nominated to represent PSX on NCCPL Board. Academically, he is a fellow member of ICMAP and holds graduate degree in Commerce from University of Karachi. He is also a certified director from PICG.

Mr. Chinoy is currently serving as the Managing Partner of Arch Group of Companies and oversees various businesses in different sectors such as security investments, textiles, real estate and poultry.

Mr. Chinoy is a prominent figure and has served the society in different capacities in the field of crime issues, business, education, health and social services. He also served as the Chief of Citizen Police Liaison Committee from the years 2010 to 2015.  He was awarded prestigious national awards of Hilal-e-Imtiaz and Sitara-e-Imtiaz for his services to general public.

Mr. Chinoy is the Chairman of the Investment Advisory & Building Committee, a member of the Audit Committee, Human Resource & Remuneration Committee and Default Management Committee constituted by NCCPL Board and a trustee of Settlement Guarantee Fund. 

Mr. Chinoy is currently serving on the Boards of:

• PSX;
• AKD REIT Management Company Limited
• Creek Developers (Private) Limited
• CDC and
• Pakistan Mercantile Exchange Limited

Mr. Farrukh H. Khan Non-Executive Director

Mr. Farrukh H. Khan has been nominated to represent PSX on NCCPL Board. Academically, He is a qualified Chartered Accountant from the Institute of Chartered Accountants in England & Wales, United Kingdom and holds a BA (Hons.) in Economics and Finance from the University of Manchester

Mr. Farrukh is currently working as the Chief Executive Officer of PSX. He is an experienced entrepreneur and a leading business and financial advisor who has advised on many landmark transactions. In his 30 years' tenure, he has held senior positions with Acumen in Pakistan & the UK, including Country Director & CEO, Pakistan, Senior Director Business Development, Chief Business Development Officer and member of the Management Committee. He was the founding partner and CEO of BMA Capital Management Limited. Under his stewardship, BMA established itself as the leading investment banking group in Pakistan and received several international awards, including the 2010 Euromoney award for the best investment bank in Pakistan. His experience includes lead managing the US$813 million GDR offering and London listing of OGDCL, Pakistan's largest listed company, and successfully advising Etisalat on their $2.6 billion acquisition of Pak telecom, the largest mergers and acquisition transaction and the largest foreign direct investment in Pakistan's history. Other historical transactions include the US$ 1.5bn privatization of Kot Addu Power Company and the US$898 million GDR offering for Pak Telecom. He has advised, either on the buy or sell side, on almost 50% of all successful privatizations in Pakistan, totaling over $4bn in value. He has also worked with American Express Bank in Pakistan and Deloitte in London.

Mr. Farrukh has an excellent network and deep knowledge of global business and investments. He has previously served as President of Overseas Investors Chamber of Commerce & Industry (OICCI), Chairman of the Young Presidents' Organization, Pakistan Chapter and on the boards of prominent public and private sector organizations. He was also associated with the Securities and Exchange Commission of Pakistan as a member of its Policy Board from 2018 to 2019. He was selected by Euromoney as one of the top 50 global financial leaders, below age of 40 years. His philanthropic interests include children's health and education.

Mr. Farrukh is a member of the Human Resource & Remuneration Committee, Nomination Committee, Information Technology and Digital Committee & NCCPL Default Management Committee constituted by NCCPL Board and trustee of Settlement Guarantee Fund.

Mr. Farrukh holds directorships/ offices in following Companies/ Institutions:

• Acumen Pakistan, Non-Executive Director
• Pakistan International Airlines Corporation Limited, Non-Executive Director
• Acumen Academy, UK, Trustee
• Pakistan Environment Trust, UK, Trustee/Director and
• Pakistan Mercantile Exchange Limited

Other current Directorships/Offices:

• Acumen Pakistan, Non-Executive Director
• Pakistan International Airlines Corporation Limited, Non-Executive Director
• Acumen Academy, UK, Trustee
• Pakistan Environment Trust, UK, Trustee/Director

Mr. You Hang Non-Executive Director

Managing Director,
International Business Development
China Financial Futures Exchange (CFFEX)

Mr. You Hang has been nominated to represent PSX on NCCPL Board

Academically, Mr. You Hang holds Bachelor Degree in Science and Technology English Major from East China University of Technology & Masters in Finance from University of Chicago. He is also a certified director from PICG. 

Mr. You Hang is serving as Managing Director for International Business Development of China Financial Futures Exchange (CFFEX). He, being one of the inaugurators of CFFEX, has been working in the capacity of Managing Director, Executive Office/ Equity Index Derivatives Department/ FX Derivatives Department and Executive Director - Market Data Department.

Mr. You Hang is a seasoned expert who has strategically fulfilled the responsibility of domestic and international financials, marketing and operational functions. He is specialized in exchange operations, designing/ management of financial derivatives as well as data marketing. He is also the Chief Representative of CFFEX in Pakistan.

Mr. You Hang served as an Alternate Director for Mr. Zhiping Rong on PSX Board till November 15, 2020. At PSX, besides being a director, he was also the member of Board's Nomination Committee, Audit Committee and Human Resources & Remuneration Committee. Prior to joining CFFEX, he served in various senior roles at Shanghai Futures Exchange, Shanghai Industrial Investment (Holding) Co., and Foreign Affairs Office of Shanghai Municipality. He has completed his Masters in Public Policy concentrated in Finance from the University of Chicago.

business Address

7^th Floor, Admin Block, Pakistan Stock Exchange Building, Stock Exchange Road, Karachi.

Mr. Nadir Rahman Non-Executive Director

Mr. Nadir Rahman has been nominated to represent PSX on NCCPL Board. Academically, he holds dual Bachelor's degrees from the University of Pennsylvania's Wharton School and the College of Arts and Sciences. He is also a certified director from IBA.

Mr. Nadir is currently working as the Chief Operating Officer of PSX. He has extensive, hands on experience of capital markets in Pakistan and internationally, stretching over 29 years. His core areas of expertise are business development, operations, investment management and corporate restructurings. He has advised on numerous capital market transactions, including the largest de-listing in Pakistan's history. He has worked in a number of senior roles and has brought-in valuable skill set and experience to the senior team at PSX.

Mr. Nadir's last appointment was with BMA Capital Management Ltd. for 3 years as CEO. Prior to that he has served as the Group CEO in Mega & Forbes, as Managing Director and CEO at KASB Securities Limited, JS Global Capital Limited and Mashreq Asset Management. He was also the founder member and first CEO of Foundation Securities. He also worked for Fauji Foundation, Standard Chartered Bank, ABN AMRO, Citibank and Bukhatir Investments Ltd (UAE) in middle and senior management roles.

BUSINESS ADDRESS

7^th Floor, Admin Block, Pakistan Stock Exchange Building, Stock Exchange Road, Karachi.

Mr. Amir Zia Non-Executive Director

Mr. Amir Zia has been nominated to represent LSEFSL on NCCPL Board. Academically, he is a qualified accountant from Chartered Institute of Management Accountant (CIMA – UK).

Mr. Amir is currently the Chief Executive Officer of LSE Financial Services Limited. He has vast experience and exposure in strategic planning, industry analysis, financial/economic analysis & project evaluation, treasury management, international trade and international trade finance. His expertise also lies in financial and non-financial reporting, tax management, stock/fixed income securities analysis & trading, financial restructuring (including debt/equity restructuring/ balance sheet repositioning & capital restructuring), financial engineering and corporate affairs.

Mr. Amir carries with him more than 25 years rich and proven working experience of industry. Before joining LSEFSL, he had worked as group CFO of Treet Group of Companies and held directorship of various listed/unlisted companies.

Mr. Amir is also a member of the Audit Committee constituted by NCCPL Board and trustee of Settlement Guarantee Fund.

Mr. Amir is Chairman/Independent Director on the board of Oilboy Energy Limited {Ps ticker: OBOY)

BUSINESS ADDRESS

LSE Financial Services Limited
Room no. 505, LSE Building
Khayaban-e-Aiwan-e-Iqbal
Lahore 

Mr. Zahid Latif Khan Non-Executive Director

Mr. Zahid Latif Khan has been nominated to represent ISEREIT on NCCPL Board.

Academically, Mr. Zahid holds Bachelor's degree in Science and a graduate of National Security Workshop organized by National Defense University. He is also a certified director from PICG.

Mr. Zahid currently holds the office of the Chairman and Chief Executive Officer of M/s Zahid Latif Khan Securities (Private) Limited, a leading corporate brokerage house of PSX. having a wide branches network in Islamabad and adjoining areas. He also holds the office of the Chairman of Board of Directors of ISEREIT. He also served ISEREIT as Chairman and director in earlier term during year 2016 to 2019.

Mr. Zahid has played an effective role on Boards of capital market entities. He has been quite instrumental in implementation of modern corporate governance standards and to promote corporate social responsibility. He played a key role in the establishment of Unified Trading Platform between Lahore & Islamabad Stock Exchanges and in the operational launch of Pakistan Mercantile Exchange. both of which are considered to be the landmark initiatives at capital market landscape of the country.

Mr. Zahid's most prominent landmark initiative has resulted in the integration of Pakistan's capital market. He has played very effective role towards creation of PSX which emerged on integration of three stock exchanges (Karachi, Lahore and Islamabad). This measure has done away the market fragmentation and as a result the concept of one country, one exchange and one price across nation. He also played a dynamic role in business/community services He has been the President of Rawalpindi Chamber of Commerce & Industries during the term 2017-18.

Mr. Zahid has a diversified experience of the stock brokerage business spanning over a period of twenty-five years. During his association with the capital market, Mr. Zahid has achieved extensive hands on familiarity with multifaceted operational aspects such as Initial Public Offerings, Book Buildings, Risk Management Operations, Buy Back Pricing Models, Customer Account Relationships, Order Executions and Clearing & Settlement functions, etc. As the Chairman & CEO of his securities firm, Mr. Zahid has expanded the network of retail brokerage outlets which has seen remarkable growth in the business of his firm besides promoting the culture of stock investments amongst the smaller investors.
Mr. Zahid is a member of Human Resource & Remuneration Committee, Investment Advisory and Building Committee constituted by NCCPL Board and trustee of Settlement Guarantee Fund.

Mr. Zahid also serves on the Board of ISEREIT, Pakistan Mercantile Exchange Limited and NCEL Building Management Limited.

Business Address

Room # 412, 4^th Floor
ISE Towers 55-B Jinnah Avenue
Blue Area, Islamabad

Mr. Mubashar Maqbool Non-Executive Director

Managing Director – Pakistan Kuwait Investment Co. (Pvt.) Limited

Mr. Mubashar Maqbool has been nominated to represent PKIC on NCCPL Board.

Mr. Academically, Mr. Mubashar has done an MBA from University of Miami USA in Finance & International Business and another MBA from Quaid-e-Azam University in Finance.

Mr. Mubashar is working as the Managing Director of PKIC since March 12, 2019. He has a long, diversified and successful track record in Corporate Banking, Corporate Finance, Project Financing, Commercial Banking, SME Banking as well as General Management. In a career spanning over thirty years, he held senior positions in renowned local and multinational organizations like Citigroup, Samba Financial Group, HBL, etc. both in Pakistan and abroad. He started his banking career with Citibank Pakistan where he held various positions in Corporate Banking Group. In 1997, he was transferred to Saudi American Bank (Samba), Saudi Arabia. Mr. Mubashar was Division Head, Corporate Banking in Samba Bank till 2004. He joined HBL in 2004 and held various senior positions there including Corporate Head – Central, Group Head – Commercial Banking & Retail Lending, Group Head – Commercial Banking and Country Manager / CEO, HBL – UAE. He also represented HBL on the Board of Pakistan Agricultural Storage and Services Corporation (PASSCO).

Mr. Mubashar is a member of the Human Resource & Remuneration Committee and Investment Advisory & Building Committee constituted by NCCPL Board.

Mr. Mubashar is also serving on the Board of Meezan Bank Limited and Al Meezan Investment Management Limited.

b>Business Address

Pakistan Kuwait Investment Company (Private) Limited
4th Floor, Block C, FTC
Shahrah-e-Faisal,
Karachi

Mr. Afaque Ahmed Qureshi Non-Executive Director

Mr. Afaque Ahmed Qureshi has been nominated to represent the Federal Board of Revenue(“FBR”) on NCCPL Board. He is a BS-20 officer of IRS and currently holds the position of Member (Inland Revenue-Policy) at FBR's Revenue Division. As Member (Inland Revenue-Policy), he is responsible for formulation and interpretation of tax policy relating to Income Tax, Sales Tax, Federal Excise, ICT CVT & Sales Tax on services laws and relevant rules. Being a head of IR Policy Wing, he is also engaged in formulation of budgetary proposals and drafting of Finance Bill/Ordinance.

Mr. Afaque brings with him rich professional experience, spanning over almost 27 years, right from Probationary Officer, Assistant Commissioner, Deputy Commissioner of Income Tax, Additional Commissioner, Commissioner of Income Tax and Chief Commissioner, Inland Revenue to Member (IR Policy).

Mr. Afaque has undertaken a number of professional and management related training programs like the Senior Management Course, and the National Management Course at the Staff College, Lahore and other short-term training courses both in Pakistan and abroad. He holds Master Degrees in Economic Policy from Boston University USA and Business Administration from IBA Karachi. He firmly believes in continuous professional development.

Mr. Afaque, a hard-core professional tax-collector, who qualified CSS in 1994, was posted as Assistant Commissioner in the Income Tax at Karachi in 1996 after completing initial training in the Civil Services Academy and Directorate of Training & Research (Income Tax) Lahore. He has the distinction of serving in various capacities in the Large Taxpayers Units, Companies Zone and Regional Taxes Offices Karachi, Multan and Hyderabad dealing with cases of companies/corporations for a period of over 25 years. During his illustrious career he was declared as the best Additional Commissioner and has also got more than fourteen meritorious services rewards.

BUSINESS ADDRESS\

Federal Board of Revenue G-5, Constitution Avenue Islamabad