Mr. Humayun Bashir Chairman & Independent Director

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 technology solutions for banking, capital markets and telecom sectors. He was closely associated with capital markets and banking sector and brought state of art payment, settlement, ATM switch solutions, stock exchange and CDC solutions to Pakistan. He is also engaged with Incubators, Fintechs, Momentum Startup Ecosystems and served on Startups Advisory Boards.

Mr. Humayun had earlier served as independent director on the Boards of NCCPL, 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 currently serving on the Boards of:

• NBP Funds;
• Khushali Microfinance Bank; and
• Foree (Payment Fintech)
• Management Association of Pakistan

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 a Partner of the firm of Orr Dignam & Co and based in its Karachi office focusing on transactional matters. She has also served on the Boards of a number of companies as an independent director and co-authored certain specialist legal publications. She holds a B.A (Hons) in law from the University of Cambridge and is a Barrister from Grays Inn.

Ms. Aliya has been a partner of Orr Dignam for over 20 years in which capacity 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 served on a number of boards in the capacity as independent non-executive director and is a PIGC certified director. She currently serves on the boards of Colgate Pakistan Limited (and chairs its Audit Committee) and Thal Limited. 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 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).

She has done B.A. (Hons) from (Cantab) & is Barrister-at-Law (Gray's Inn).

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. He holds MBA degree from Quaid-e-Azam University Islamabad. He has over 23 years’ experience in the field of corporate, investment, retail and commercial banking.  He is currently serving as Group Head, Corporate & Investment Banking at Askari Bank.

He had also served Summit Bank Limited, Faysal Bank Limited, Saudi Pak Industrial & Agricultural Investment Co. Limited, Islamic Investment Bank Limited and Crescent Investment Bank/ First Crescent Modaraba.  

Business Address

House no. 308, Street no. 57, F-11/4, Islamabad

Mr. Imran Husain Independent Director

Imran Husain was educated at Karachi and Lahore, completing graduation in 1971. He belongs to an agricultural family from Shikarpur, Sindh. A diversified individual having 40 years plus 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.

He 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 sponsored and was for 12 years Managing Director of Pangrio Sugar Mills, Badin which holds the record of crushing in its first season and was an evolutionary unit in the field. He was directly responsible for the successful IPO of the Company at the time. 

He 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. As was the planning for the World Trade Expo Center planned at Port Qasim.  

He 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 currently serves on the Board of Fauji Foods Ltd, TPL REIT Management Company Ltd, Augere Pakistan Ltd and Sharp Telecom Ltd. As well as the Board of the WUSV (Weltunion der Deutsche Schäferhunde Vereine), based in Augsburg, Germany. 

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.

Business Address

Apartment 25 Sindh Club Karachi

Mr. Muhammad Ashraf Bawany Non Executive Director

Mr. Muhammad Ashraf Bawany is a law graduate, cost and management accountant, corporate secretary and a certified director. He has been nominated to represent PSX on NCCPL Board. He had also served on NCCPL Board in an earlier tenure from March 2011 to March 2016.

Mr. Bawany has served Pakistan Oxygen Limited (formerly Linde Pakistan Limited) for more than 30 years in various leadership roles and key positions including Chief Executive Officer, Managing Director and Advisor to Chairman & Board of Directors. During his tenure, he successfully executed several local and regional initiatives and strategies. He also held office of the President of ICMAP and Pakistan Institute of Public Finance Accountants. He also served as Vice President of Bin Qasim Association of Trade & Industry, Vice-President Jetpur Memon Association and Chairman, Strategic Advisory Board of Memon Professional Forum.

Mr. Bawany takes keen interest in the promotion of education, trade and industry and strongly advocates these causes through various professional, corporate and trade platforms to support various social and welfare activities. He also remained associated with welfare committees of Tabba Heart Institute, Tabba Kidney Institute under Aziz Tabba Foundation.

Mr. Bawany is currently serving as Chairman of Pakistan German Business Forum and as trustee of the Help International Welfare Trust and as a member Supreme Council, Jetpur Memon Association.

Mr. Bawany is a member of the Audit Committee constituted by NCCPL Board.

Mr. Bawany is currently serving on the Boards of:

• PSX;
• PICG;
• Pak German Business Forum;
• German Pakistan Chamber of Commerce and Industry; and
• Emerging Indus Partners Limited

Business Address

63-B, 23rd Lane
Off. Khayaban-e-Badban, Phase 7, DHA, Karachi

Mr. Ahmed Chinoy Non Executive Director

 Mr. Ahmed Chinoy 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 has been nominated to represent Pakistan Stock Exchange (“PSX”) on NCCPL Board.

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 Human Resource & Remuneration Committee and Default Management Committee constituted by NCCPL Board. 

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 Khan is currently the Chief Executive Officer (CEO) of Pakistan Stock Exchange Limited. He qualified as a Chartered Accountant from the Institute of Chartered Accountants in England and Wales, United Kingdom (UK), and also holds a BA (Hons.) in Economics and Finance from the University of Manchester.

With over 30 years of senior management and board level experience, Farrukh is an experienced entrepreneur, and a leading business and financial advisor who has advised on many landmark transactions. Previously 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. Mr. Khan 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. Khan 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. Mr. Khan 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.

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 is serving as Managing Director for International Business Development of China Financial Futures Exchange (CFFEX). Mr. You, 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 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 served as an Alternate Director for Mr. Zhiping Rong, on the Board of Pakistan Stock Exchange Limited (PSX) 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, Mr. You 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.

Mr. You is also serving director on the Board of Pakistan Institute of Corporate Governance.

business Address

F 23^rd, No. 288, South Yanggao Road, Shangai,
200127, Peoples Republic of China

Mr. Rashid Rahman Mir Non-Executive Director

Mr. Mir is a Senior Partner at Rahman Sarfaraz Rahim Iqbal Rafiq, Chartered Accountants and carries over three decades of experience in audit, tax, management consultancy, project analysis and corporate law matters.

Mr. Mir is a fellow member of the Institute of Chartered Accountants of Pakistan (“ICAP”), Institute of Cost & Management Accountants of Pakistan (ICMAP) and Pakistan Institute of Public Finance and & Accounts (PIPFA). He is also certified Director from ICAP. He has served as the President of ICAP and PIPFA. He has been the Member of Committees, Boards and Councils of various entities of Public and Private Sector. Currently he is also the Chairman of the Investor Protection Fund, TREC Holders Contribution Fund and Members Contribution Fund Trusts.

Business Address

Rahman Sarfaraz House
54-P, Gulberg II, Lahore

Mr. Zahid Latif Khan Non-Executive Director

Mr. Zahid Latif Khan is the Chairman and non-executive Director of ISE Towers REIT Management Company Limited. He has already served as NED and Chairman of the Board of the Company during 2016-19 term. He is also the Chairman and Chief Executive Officer of M/s Zahid Latif Khan Securities (Private) Limited, a leading corporate brokerage house of Pakistan Stock Exchange having a wide branches network in Islamabad and adjoining areas. Besides running a corporate brokerage entity, Mr. Zahid also has the distinction of serving as Board member of other capital market institutions such as Islamabad Stock Exchange, Pakistan Mercantile Exchange Limited and NCEL Building Management Limited.

Mr. Zahid has played very effective role on the Boards of capital market institutions. He has been quite instrumental in implementation of modern corporate governance standards and advancing the idea of corporate social responsibility. In addition to his regular contributions at the Board level for policies framing, Mr. Zahid has the distinction of playing key role in the establishment of Unified Trading Platform between Lahore & Islamabad Stock Exchanges, and operational launch of the Pakistan Mercantile Exchange, both of which are considered to be the landmark initiatives at the capital market landscape of the country.

The most prominent and landmark initiative taken by him has resulted in the integration of securities market of Pakistan. He has played very effective role towards creation of Pakistan Stock Exchange which has emerged after integration of stock exchanges of 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 has flourished. In addition to his valuable contributions in the corporate sector, Mr. Zahid Latif Khan has also played very dynamic role for the service of business/community. He has been the President of Rawalpindi Chamber of Commerce & Industries (RCCI) during the term 2017-18. He remained very instrumental in this capacity to help resolve the issues relating to the business community.

Mr. Zahid has a diversified experience of the stock brokerage business spanning over a period of twenty-five years. During his association with the securities industry, 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, having good academic back ground, also participated in various other domestic and international training programs, seminars and conferences. Mr. Zahid is also a graduate of National Security Workshop (NSW) organized by National Defense University for the leading parliamentarians, bureaucrats, armed forces officers and business leaders in Pakistan. He is a certified director by the Institute of Cost and Management Accountant of Pakistan (ICMA), a duly licensed body for the purpose by SECP in terms of Code of Corporate Governance. Besides the above, Mr. Zahid also takes time out for delivering lectures on stock market issues to various educational institutions, trade bodies and investors’ gatherings in Pakistan. Mr. Zahid travels extensively and has undertaken many study visits to the leading stock markets and financial institutions of the world.

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 is the Managing Director of Pak Kuwait Investment Co, (Private) Limited, since March 12, 2019. He is the MBA from University of Miami USA in Finance and International Business and MBA from Quaid-e-Azam University in Finance. 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. He was Division Head, Corporate Banking in Samba Bank till 2004. Mr. Mubashar 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).

b>Business Address

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

Mr. Muhammad Tarique Non Executive Director

Mr. Muhammad Tarique, a BS-21 officer of IRS, is currently holding the position of Member (Inland Revenue-Policy) at Federal Board of Revenue, Revenue Division, Islamabad and brings with him rich professional experience, spanning over almost 30 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).

He 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 of Laws (LLM) degree in the Corporate and Taxation Laws. He firmly believes in continuous professional development and is presently studying UK Laws. Before joining Civil Service, Mr.Tarique practiced law as an Advocate at Lahore for around two years. He also remained a visiting faculty member at the Quaid-e-Azam Law College, Lahore and Directorate General of Training Research (IR), Lahore. He has recently qualified Part-I of the Qualified Lawyers Transfer Scheme (QLTS), an examination conducted by UK authorities for registration of lawyers belonging to Commonwealth countries lawyers as UK solicitors.

Muhammad Tarique, a hard-core professional tax-collector, who qualified CSS in 1990, was posted as Assistant Commissioner in the Income Tax at Sialkot in 1994 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, Lahore and Islamabad, Corporate Region, Karachi 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.

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.

Business Address

Federal Board of Revenue,
G-5, Constitution Avenue
Islamabad