Board of Directors

Waqar Ahmed Malik

Mr. Waqar Ahmed Malik joined Fauji Foundation as Managing Director and Chief Executive Officer on 9th April 2020. Mr. Malik is a fellow of the Institute of Chartered Accountants in England and Wales and is also an alumnus of the Harvard Business School and INSEAD.

Earlier, his career with The ICI Plc Group based in the UK spanned over 27 years and then later with Akzo Nobel N.V. based in The Netherlands. For around 10 years, he served as the Chief Executive Officer of ICI Pakistan Limited and also the Chief Executive Officer and Chairman of Lotte Pakistan Limited (formerly Pakistan PTA Limited). During his career with ICI and AkzoNobel, he worked in Europe and Americas in Corporate Finance and Strategy Departments.

Presently, he is serving as Chairman on the Boards of following Fauji Group Companies:

  • Mari Petroleum Company Limited
  • Fauji Fertilizer Company Limited
  • FFC Energy Limited
  • Fauji Fresh n Freeze Limited
  • Fauji Cement Company Limited
  • Askari Cement Limited
  • Askari Bank Limited
  • Fauji Akbar Portia Marine Terminal Limited
  • Fauji Trans Terminal Limited
  • Fauji Oil Terminal and Distribution Company Limited
  • Fauji Infraavest Foods Limited
  • Foundation Wind Energy-I & II Limited
  • Foundation Power Company Dahrki Limited
  • Fauji Kabir Wala Power Company Limited
  • Fauji Fertilizer Bin Qasim Limited
  • FFBL Power Company Limited
  • Foundation Solar Energy (Private) Limited
  • Daharki Power Holdings Limited

  • He is also Chairman of Pakistan Oxygen Limited (formally Linde Pakistan, a subsidiary of Linde AG) acquired by Adira Capital Holdings (Private) that he co-founded.

    Earlier, Mr. Malik also served on the following boards:

  • PPL – Chairman (Non-Executive & Independent)
  • Engro Corporation Limited – Director (Non-Executive & Independent)
  • Standard Chartered Bank Pakistan Limited – Director (Non-Executive & Independent)
  • Engro Polymer and Chemicals Limited – Director (Non-Executive & Independent)
  • TPL Insurance Limited – Director (Non-Executive)

  • He has been playing an instrumental role in development of Pakistan’s Regulatory System as well as for the advocacy to undertake economic reforms. Few of his other engagements have been:

  • Director – State Bank of Pakistan
  • President – Overseas Chamber of Commerce & Industry (OICCI)
  • President – Management Association of Pakistan (MAP)
  • Director – Pakistan Business Council (PBC)

  • Mr. Malik was a member of the visiting faculty of Pakistan Institute of Corporate Governance, Former Member of Board of Governors of Lahore University of Management Science (LUMS) and Former Member of Board of Indus Valley School of Arts. He participates actively in social and philanthropic activities through I – Care Foundation, as a Trustee, he contributes to improve the quality of life of underprivileged by enhancing the level of philanthropic support. A trustee of Duke of Edinburgh Trust Pakistan, he was awarded Prince of Wales Medal as a Trustee of the Prince of Wales Pakistan Recovery for the Flood Victims in 2010

    Dr. Nadeem Inayat

    Dr Nadeem Inayat holds Doctorate in Economics and has over 35 years of diversified domestic as well as international experience in the financial sector. He has vast experience in corporate governance, policy formulation, project appraisal, implementation, monitoring, evaluation and restructuring. Besides being Senior Director Strategy and (M&A) Fauji Foundation he is on the Boards of following entities: Public Listed Companies: 1. Fauji Fertilizer Company Ltd. 2. Fauji Fertilizer Bin Qasim Ltd. 3. Askari Bank Ltd. 4. Mari Petroleum Company Ltd. 5. Fauji Foods Limited (formally Noon Pakistan Ltd). 6. Hub Power Company Limited Non-Listed Companies 7. Pakistan Maroc Phosphore, S.A Morocco 8. Fauji Oil Terminal & Distribution Company Ltd. 9. Fauji Trans Terminal Ltd. 10. FFBL Power Company Limited (FPCL). 11. Fauji Meat Limited (FML) . 12. FFBL Food Ltd. 13. Fauji Akbar Portia (FAP)

    Syed Bakhtiyar Kazmi

    Mr Kazmi is a fellow chartered accountant with over 35 years of experience in a diverse range of sectoral and functional strata within national and regional economies. The key areas of his specialization are fiscal policy and macroeconomic research, greenfield and brownfield projects, strategic collaborations, mergers and acquisitions, outliers in accounting and finance, strategic level audit and assurance and tax reforms and strategic level advisory.

    Mr Kazmi served KPMG for 35 years; last 25 years as a partner. As a partner he interacted with the leadership in almost every industry, understanding their vision, their insights, and most importantly on their business strategies. His rigorous exposure to a diverse range of sectors and projects, enabled him to conceive and culminate strategic value additions for his clients, pertaining to public and private sector organizations. He successfully implemented a comprehensive service delivery framework that ensures quality assured service provision to KPMG’s clients, and a cross-functional integration with the advisory and taxation services that allowed a robust and comprehensive service delivery package to the clients.

    As an auditor and an advisor, Mr Kazmi successfully delivered his promise of providing best-in-class and integrity driven services. With his career progression, he branched into macroeconomic research with a focus on contributing towards fiscal and regulatory policies of Pakistan. He almost single handedly established advisory practice of KPMG in Islamabad about 2 decades ago which today arguably is the go to advisory in Islamabad. This initiative covered financial projections, feasibilities, information memorandums, internal audit assessments, HR assessments, manuals for processes and controls, valuations, and development advisory which included an assessment of the Punjab and Sindh governments.

    Mr. Bakhtiyar Kazmi has served on a number of diverse forums / boards in the Private Sector, Public Sector & Civil Society Organization. As a thinker, he actively spreads his thoughts and ideas through his articles on national economics, business and taxation mattes and issues, regularly published in reputable dailies. Mr Kazmi is an avid golfer and currently hold the position of captain of Islamabad golf club.

    Brigadier Aamir Hussain Mirza (Retd)

    Brigadier Aamir Hussain Mirza SI(M), (Retd) is the Company Secretary of FFBL since Dec 2019. He is a graduate of Command and Staff College, Quetta, National Defence University, Islamabad and Nasser Higher Military Academy Cairo. He is also a certified director from Pakistan Institute of Corporate Governance. He had a distinguished career of over 31 years in Pakistan Army. During his service, he served on various Command, Staff and Instructional appointments which include Chief of Staff, National Defence University, Director Doctrine and Evaluation Directorate GHQ, Commander of an Air Defence Brigade, Deputy Senior National Representative in CENTCOM, FL USA, UN mission Somalia etc.

    Faheem Haider

    Mr. Faheem holds a Master’s degree in Petroleum Engineering & Production Management (w/distinction) from Imperial College London; a post graduate diploma from College of Petroleum Studies, Oxford UK and a BSc (w/honors) degree in Petroleum Engineering from University of Engineering & Technology, Lahore, Pakistan.

    During his professional career spanning over 27 years, he has held various technical and leadership positions with Union Texas Petroleum Pakistan, OMV (Pakistan) Exploration GmbH, Helix RDS Ltd in UK, BG Group in UK & Oman and Neptune Energy Group (formally Engie) in Egypt, France and United Kingdom.

    He has a sound understanding of E&P projects life cycle from technical, operational and commercial perspective. Apart from handling core E&P operations in different parts of the world, he has hands-on experience of joint venture management, business development, strategy and growth delivery, operational efficiency, organisational development and transformation and stakeholders’ management.

    He is also Managing Director/CEO of the Mari Petroleum (MPCL). Before joining MPCL, he was working with Neptune Energy as Head of Strategy and Business Development for North Africa and Asia pacific, based in London where he significantly contributed towards the growth of Neptune’s business in Egypt, Indonesia and Australia.

    Currently, he is also a non-executive director on the boards of National Resource (Pvt) Ltd (Pakistan) and Pakistan International Oil Limited (UAE), representing MPCL shareholding. He is also Chairman of the Board for Foundation Solar Energy Limited (FSEL), a Fauji Group company.

    Asim Akhtar

    Asim started his career with Cargill in 1996 and brings with him over 26 years of experience with the company. He has been leading the Accounting, Finance, Treasury and Tax function in Pakistan since 2015. Asim has played a pivotal role in many of the strategic acquisitions and growth that Cargill has taken to expand its footprint in Pakistan.

    Having worked in different roles within Accounting & Finance function at Cargill, he has been able to gain vast experience in local & International trade, and has successfully led the growth of various enterprises in Pakistan around the agriculture supply chain, edible oils, cotton and animal health nutrition. His contribution towards the strategy of the Pakistan office have been recognized widely and he continues to advise on the growth of Cargill in Pakistan.

    Mr. Asim Akhter is a commerce graduate and qualified Corporate Secretary. He completed the ICAP’s 4 years mandatory internship from KPMG Taseer Hadi & Co., in 1996 and joined Cargill in the same year.

    He is also serving on the Boards of the following entities.

    1. Cargill Pakistan Holdings (Pvt.) Limited.

    2. Cargill Pakistan Agri Foods (Pvt.) Limited.

    3. APAG Oil (Pvt.) Limited.

    Syed Faraz Hussain’

    Mr.Syed Faraz Hussain assumed the role of Cargill Agricultural Supply Chain Pakistan Commercial Lead. Prior to his appointment he successfully led the Commercial and Trade Execution Team for Nine Years, and has been instrumental in making the market leader for the Import of Grains, Oils and Oil seeds in Pakistan.

    Faraz brings with him over 15 years of Experience in Trading, Merchandising, Risk Management and great Understanding of different commodity markets. He Joined Cargill from Lucky Cement in October 2014. At Lucky Cement his work primarily focused on Commercial and Trade Department and hold an MBA Finance and BBA. He Participates actively in social and philanthropic activities through Cargill Cares Council.

    Ghouse Akbar

    Mr. Ghouse Akbar is a business leader in Pakistan who is chairman & CEO of Akbar Group of Companies. He is also Member Board of Investment and Chairman - Chief Minister's Task Force on Lahore. He is also the Honorary Consul of Spain and Chief Executive of Princely Jets Pvt. Ltd. Mr. Ghouse Akbar has successfully introduced various international brands in Pakistan including McDonald's, Nike, Princeton Review, UPS and Amadeus. He also owns GSA's of several major International Airlines in Pakistan including Singapore Airlines, Japan Airlines and Austrian Airlines. He also received the Sitara-e-Imtiaz from Pakistan's President Musharraf in 2004 for being the highest tax payer, the most prestigious honor that can be bestowed on a civilian and a Sitara-e-Essar in 2006. He is a graduate in Economics and Political Science from Brown University, USA with a Master’s Degree in Business Administration from INSEAD.

    Nadir Shah

    Mr. Syed Nadir Shah has been involved in an advisory capacity on multiple ventures with established business houses of Pakistan. His background is diverse and covers equities, commodities and infrastructure development. Presently Mr. Shah is currently serving as a Director of PIL, Asia Petroleum Limited & TPL Direct Insurance. Mr. Shah is a graduate in Economics & Finance from the University of Massachusetts at Amherst.

    Farid Malik, CFA

    Mr. Farid Malik has over 25 years of diversified experience and has worked on a number of infrastructure development, project finance, corporate finance, capital markets regulatory administrative and operational assignments both in Pakistan and abroad. He is a CFA charter-holder and a graduate of the London School of Economics.

    Mr. Malik has served as the Chief Executive Officer/ Managing Director of LSE Financial Services Limited (formerly Lahore Stock Exchange Limited) and has also worked with Tomen Power (Singapore) Pte. Limited and The Securities and Exchange Commission of Pakistan. During his various assignments, he has had extensive exposure to green-field project based equity investments, limited recourse debt financing facilities, cross border project financing facilities including export credit agencies and multilateral lending agencies financing facilities, risk allocation & management techniques including hedging through derivative instruments, due diligence methodologies, portfolio management, equity and fixed income valuations, financial analysis, asset securitization and capital market operations and regulations.

    He is currently also on the Board of National Bank of Pakistan and has also served on the Board of Central Depository Company of Pakistan Limited and National Clearing Company of Pakistan Limited. He is a Certified Director from Pakistan Institute of Corporate Governance.

    Mr. Malik has also previously served on the Boards of the Privatization Commission, the Gujranwala Electric Power Company Limited and the Pakistan Credit Rating Agency Limited. He has also attended a large number of international and local management courses, seminars and workshops conducted by world renowned providers.