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Mr Aslam R Khan

Mr. Aslam R Khan is a nominated Director and Chairman PIACL Board since March 22, 2024. He is a corporate aviation veteran with over three decades of multi-faceted airline experience. He started his career with Lufthansa and then moved to PIACL. In the National Carrier, he held senior positions both in Pakistan and abroad. He held the important positions of Managing Director of PIA and Chairman PIACL Board as well. He also remained the Managing Director of PIA Investments Limited for fourteen years, with the achievement of 700 Million Dollars successful turnaround of the Roosevelt Hotel in New York City, transforming it into a highly profitable asset.  A keen sportsman and an avid Golfer, he was the President of the Sindh Golf Association and Vice President of the Pakistan Golf Federation. Mr. Aslam R Khan is also the recipient of the Italian Civil award “CAVALIERE”.


Dr Aqdas Afzal

Dr. Aqdas Afzal is a nominated Director PIACL Board since March 22, 2024. He attended the Ohio State University, where he earned his bachelor’s in political science and economics. In 2006, he completed his master’s in political science from The Ohio State University and returned to his native Pakistan.

From 2006 through 2012, Dr. Aqdas Afzal worked in the development sector in both Lahore and Islamabad including at the Asian Development Bank in Islamabad. Additionally, he taught as an adjunct faculty member at the Lahore University of Management Sciences and at the Government College University, Lahore.

In 2011, Dr. Aqdas Afzal won the prestigious Fulbright Scholarship to pursue a doctorate in economics at the University of Missouri – Kansas City. In 2013, he interned at the United Nations in New York City. In 2015, he won the Association of Institutional Thought’s (AFIT) prestigious “Student Scholars Prize” in economics. In 2016, Dr. Aqdas Afzal was the “Three-Minute Thesis” champion at his university. In the same year, he won the Journal of Interdisciplinary Research’s (JIDR) best paper prize, while also bagging the “Graduate Studies Dissertation Research Award.” Dr. Aqdas Afzal also taught at the Rockhurst University in Kansas City.

Dr. Aqdas Afzal is now teaching at Habib University in Karachi, where he is an Associate Professor. He also writes regularly for DAWN, Pakistan’s most-widely read English newspaper. In addition to speaking at various academic and corporate events, Dr. Aqdas Afzal also provides analysis on different TV programs. He is Chairman of PIACL Board HR & Nomination Committee.


Sahibzada Rafat Raoof Ali

Sahibzada Rafat Raoof Ali is a nominated Director on PIACL Board since March 22, 2024. He has more than 30-years of financial sector experience in international and local Banks including Corporate & Industrial Restructuring Corporation (CIRC), along with the exposure of working in International Market, covering the areas from business generation to remedial management. He also served as Director Financial Crimes Investigation Wing (Sindh & Punjab) in National Accountability Bureau. He is a Member of PIACL Board Audit Committee.


Mr Saif Anjum
Secretary Aviation Division

Mr Saif Anjum, Secretary Aviation Division is a nominated Director on PIACL Board since March 22, 2024. He has completed his Master in Development Policy and Management from the University of Manchester, UK. Mr Saif Anjum is an Officer of the Pakistan Administrative Service and currently serving as the Secretary, Aviation Division.

During his career, Mr Saif Anjum has served in various Senior Administrative Positions at the Federal as well as Provincial Government. He has also served as Special Secretary, Interior Division, Secretary Environment Protection, additional charge of the post of Secretary, Transport Department, Secretary Irrigation, Special Secretary and Additional Secretary of Home Department, Government of Punjab, District Coordination Officer, Okara. He also served as Director General Sasti Roti Authority and PSO to Chief Minister, Punjab. He is a Member of PIACL Board HR & Nomination Committee as well as Procurement Committee.


Mr Imdad Ullah Bosal
Secretary Finance Division

Mr Imdad Ullah Bosal, Secretary Finance Division is a nominated Director on PIACL Board since March 22, 2024. He is a career civil servant with over 28 years of experience in key administrative and policy making positions in the Government of Pakistan. Before joining as Finance Secretary on 19th May, 2023, Mr. Imdad Ullah Bosal has held important positions of Secretary, Industries & Production and Chief Secretary Khyber Pakhtunkhwa (KPK). He has also worked as Additional Secretary (Expenditure) and Additional Secretary (Banking/Investment/Inter-governmental Finance) in Ministry of Finance in the years 2020-2022. Mr. Imdad Ullah Bosal has also served as Secretary to the Chief Minister Punjab, Special Secretary Finance (Punjab) and as Commissioner of two important regions of Punjab i.e. Rawalpindi and Lahore.

He has done Masters of Public Policy from Blavatnik School of Government, University of Oxford and MSc. in Political Economy of Development (Distinction) from School of Oriental and African Studies (SOAS), University of London.

He has been awarded national award of Sitara-e-Imtiaz for recognition of his contribution in public service by the Government of Pakistan. He is a Member of PIACL Board Audit Committee.       


Mr Haaris M Chaudhry

Mr Haaris M Chaudhry is a nominated Director on PIACL Board since March 22, 2024. He is a seasoned professional, having over 20 years of experience in Banking & Finance, Corporate & Regulatory Affairs, Strategy, Multi-Channel Product Distribution, Risk Management and Public Policy with notable organizations such as Standard Chartered Bank, Barclays Bank, ABN ABRO Bank, Citibank. He also served as a Director at Zarai Taraqiati Bank Limited.

His experience extends to managing financial institutions through Economic Cycles, emphasizing Credit Strategy Development, Strategy, Portfolio Management, Regional Governance, Remedial Planning, and Receivable Management.

Prior to joining Mobilink Bank, Haaris served as CEO of USF (Universal Service Fund, Ministry of IT & Telecom), delivering a significant impact to 40 million beneficiaries nationwide through an investment of over PKR 70 billion. He is passionate about egalitarian business operations with a specific focus on Women Empowerment, Diversity, Equity, and Inclusion.

Mr Haaris holds an MBA from New York Institute of Technology. He is Chairman of PIACL Board Procurement Committee and a Member of Board HR & Nomination Committee.


Air Vice Marshal Muhammad Amir Hayat
Chief Executive Officer (CEO)

AVM Muhammad Amir Hayat was commissioned in the Engineering Branch of Pakistan Air Force in 1990. He graduated as an Aerospace Engineer from PAF Academy, Risalpur. He holds a Master's degree in Business Administration and also holds Master’s degree in National Security and War Studies from the prestigious National Defence University. During his illustrious career spanning over 03 decades, he has served in PAF at various levels of aviation engineering and management. His diplomatic experience includes appointment as Technical Attaché to Beijing, China.  He has also commanded an Engine MRO and held the portfolio of Managing Director, Aircraft Rebuild Factory, Pakistan Aeronautical Complex. Following his notable contributions to PAF, he was subsequently deputed to PIACL. His rich and vast experience has gained him a deep insight of the military as well as commercial aviation industry. In recognition of his outstanding services, he was awarded the coveted Sitara-i-Imtiaz (Military). He is a Member of PIACL Board HR & Nomination Committee as well as Procurement Committee.

Mr Nadeem Karamat

Mr. Nadeem Karamat is a nominated Director on PIACL Board since March 22, 2024. Mr. Nadeem Karamat’s Corporate and Financial Services experience spreads over 34 years across three continents. A specialist in Strategy. Corporate Business Leadership, and Board Governance, his professional experience includes managing and leading Financial Institutions in Commercial and Wholesale banking. Multilateral Development banks. Capital Markets' Advisory and Development Financial Institution.

His career spanned over 23 years with Fortune 500 companies. He started with Bank of America in Pakistan in corporate banking, and then moved to American Express Bank Ltd., where he served for over 20 years. At American Express Bank, he leveraged the opportunity to work in U.S., Middle East and Singapore. With American Express Bank, he held the position as Country Head for the Levant region [Lebanon and Jordan], Corporate Finance Head for Pakistan, Bangladesh and Sri Lanka and lastly, Country Head for Pakistan for 6 years. After American Express Bank’s divestment in Pakistan in December 2006, he successfully sold the bank to a local group under Central Bank's scheme of amalgamation. He then worked for five years in Istanbul, Turkey and successfully established the 25th Multi-Lateral Development Bank in the world [ECO Trade & Development Bank] as Founding Vice President, covering 10 countries and represented Pakistan for its shareholding.

Upon his return to Pakistan, he joined BMA Capital Management, a large corporate advisory and brokerage house as MD in 2012. In 2014, he joined PAK Iran Investment Company [Pair Investment company] as CEO. He has vast experience in managing functional teams, policy formulation as well as leading large and complex financial structures and M&A activities.

Outside his career, his engagements were :

Member of the Board of Directors for First Inter-investment Bank [now IGI Investment Bank], Board member of Soneri Bank, Faysal Asset Management Company, NICL, Sapphire Textiles Company and Director Intellectual Property Rights of Pakistan.

He remained President of American Business Council of Pakistan, Executive Committee member for Overseas Investors Chamber of Commerce and Industry, Executive Committee member for Pakistan Banking Association, Member Board of Governors for Lahore University and Management Sciences [LUMS], Member Board of Trustees for MALC, Member Board of Trustees National University of Science and Technology [NUST]. He has been awarded the quality award for leadership and performance by Chairman American Express Company. He is Chairman of PIACL Board Audit Committee.


Mr. Jawad Paul Khawaja
Secretary, Privatisation Division

Mr Jawad Paul Khawaja is a nominated Director on PIACL Board since March 22, 2024. Mr Jawad Paul Khawaja is a career civil servant with twenty eight years’ experience in public service delivery, administration and management. Posted as Secretary, Privatisation Division, he is responsible for assisting the Federal Government in devising its privatisation programme and framing privatisation policy besides its implementation.

He holds degrees of LLM (University of Warwick), MBA (Lahore University of Management Sciences) and BSc (Electrical Engineering) from University of Engineering and Technology, Lahore. He is also a Chevening (2009) and Eisenhower (2017) fellow.

His key assignments include Registrar, Supreme Court of Pakistan, Secretary Council of Common Interests, Additional Secretary Prime Minister’s Office, Chief Commissioner Islamabad Capital Territory, Joint Secretary Prime Minister’s Office, Joint Secretary Establishment Division, Director Pakistan Telecommunication Authority and Assistant Commissioner in various districts in Islamabad Capital Territory, Punjab and Balochistan. His key achievements in public service include acquisition and development of two sectors in Islamabad, initiation of computerization of land record in Islamabad, implementation of Mobile Number Portability, framing and approval of policy for renewal of cellular licenses in 2019, International Mobile Equipment Identity facility and licensing of Telecom licenses in AJ&K/Northern areas and formulation of Promotion Rules for senior Civil Servants. He is a Member of PIACL Board Procurement Committee. 

Ms Tahira Raza

Ms. Tahira Raza is a nominated Director on PIACL Board since March 22, 2024. She holds an MBA degree in Banking and Finance from Institute of Business Administration (IBA) Karachi and DAIBP from Institute of Bankers in Pakistan with distinction in Practice and Law of Banking and held 7th position in order of merit in Pakistan.

She carries with her a rich banking experience. She had the honor of serving as CEO and President of First Women Bank Ltd from April 2014 till Oct 2018. She also had the honor of breaking the glass ceiling to become the First Women Senior Executive Vice President (SEVP) in the 72 years history of NBP.

During her tenure, she prepared the bank for privatization, improved bank rating from BBB+ to A-, NPLs substantially reduced due to improved recoveries of defaulted loans and improving the quality of fresh loans booked. The NPLs to Loan ratio was brought down from staggering 22% to 16%. Bank also witnessed huge reduction in administrative costs that were rising at an average of 18% PA since 2009 till 2013 to 2.9% PA over a span of 4.5 years (from April 2014 till Oct 2018). Regulatory observations and penalties were reduced substantially by almost 90%. Bank also recovered money lost in frauds and mismanagement. These initiatives saved the bank over Rs. 900 Million.

She is a strong advocate of diversity and inclusion and practitioner of corporate governance. She believes in strengthening the systems and creating an enabling environment to afford equal opportunity to all employees enabling them to rise in their careers, especially for women and colleagues with special needs. Prior to her appointment as CEO of FWBL, Ms. Raza was an SEVP and Group Head Risk Management In NBP. She firmly believes that women have great power and potential; they don't need concessions, they only need opportunity.

She is a strong promoter of diversity and believes that only an inclusive society can grow and prosper sustainably and women being the largest segment left out must be brought to the forefront ASAP to keep pace with the rest of the world in development.

She is extremely passionate about whatever she does and pursues her goals with a missionary zeal to create an impact. Her persistence, perseverance, commitment and hard work that spans over 42 years, amply reflects in her personality.

She has earned many accolades both national and International and presented numerous papers on Credit Risk, Risk Management, Banking and Finance and a host of related subjects. Apart from her professional achievements she is a keen golfer. She is a Member of PIACL Board Audit Committee.