Board of Directors

Shan A. Ashary

Chairman

Mr Shan A. Ashary has been a Non-Executive Director of the Company since its privatisation in November 2005. He is a senior executive with over 40 years of proven success in managing international investments, operations of a large diversified group, finance, treasury, public accounting, and strategic and corporate planning. He currently serves on the boards of several companies in the USA and the Middle East. He is a Fellow of the Institute of Chartered Accountants of England and Wales. Other Engagements: Investment Adviser, Al-Jomaih Holding Co. (Saudi Arabia).

Syed Moonis Abdullah Alvi

Chief Executive Officer

Mr Syed Moonis Abdullah Alvi was appointed CEO of KE in June 2018. In the three years since, Mr Alvi has led the Company through a business transformation emphasising digitisation and customer-centricity. During his term, KE has also undertaken a series of aggressive investments across the energy value chain aimed at creating a future-ready organisation, capable of serving Karachi’s needs into the future. These investments include the Company’s upcoming 900 MW RLNG-fired power plant which ranks among Pakistan’s top five on the basis of efficiency. He is passionate about enabling diversity and inclusion at KE and has championed many of KE’s flagship diversity initiatives including the Women Meter Reader, Women Grid Operators and Roshni Baji Programs. His journey with K-Electric started 13 years ago in 2008. During this time, he has served as the Company’s Chief Financial Officer and also held the roles of Company Secretary and Head of Treasury. Mr Alvi holds 30 years of diversified experience in finance, with a focus towards driving operational efficiencies, financial planning, and capital restructuring. He is a Fellow member of the Institute of Chartered Accountants of Pakistan.

Adeeb Ahmad

Non-Executive Director

Mr Ahmad’s career spans over 32 years, with last over 20 years in C-suite positions with an Oil Marketing Company, a premier multilateral agency and regional private equity and M&A firms leading overall operations; large funds and several landmark investments; value-accretive portfolio management, restructuring and turnarounds; and M&A in power, oil & gas, power, transportation & logistics, telecommunications, food & agribusiness, petrochemicals and financial sectors in MENA, Turkey, CIS, South East Asia and Pakistan. In his earlier career, Mr Ahmad was engaged with leading investment banking institutions in the GCC and Pakistan where he successfully led several M&A, privatization and capital raising assignments. Recently, he served as the CEO of Hascol Petroleum Limited in Pakistan with a mandate to lead the troubled company’s restructuring exercise, and before that was the Senior Advisor to the CEO and Deputy CEO-Designate at Islamic Corporation for the Development of the Private Sector (ICD) in Saudi Arabia where he led and reorganized a large regional portfolio of private equity investments and a variety of investment, credit and SME funds. Mr Ahmad holds an M.Sc. from the London School of Economics, United Kingdom, and an MBA from the Institute of Business Administration, Karachi, Pakistan. Other Engagements: Board Member, Al-Shaheer Corporation Ltd.

Asad Ali Shah

Non-Executive Director

Mr Asad Ali Shah, a Chartered Accountant, has over 35 years of experience in governance, audit & assurance, consulting, financial advisory and tax services. His current engagements include CEO of Asad Ali Shah Associates, a professional services firm, Chairman Befiler (Pvt) Limited, Pakistan’s largest digital tax advisory firm and member Policy Board of Securities & Exchange Commission of Pakistan. Previously, he was the Managing Partner of Deloitte Pakistan, a member of Deloitte Touche Tohmatsu LLC, one of the top four global professional services firms. He has served as Advisor to Chief Minister Sindh on Finance, with the status of Minister, as President of the Institute of Chartered Accountants of Pakistan, posted as a Board member of International Federation of Accountants, the global body representing the accounting profession. Mr Shah was also the Chairman of an inter-governmental working group of experts on international standards of accounting and reporting of UNCTAD, United Nations.

Ch. Khaqan Saadullah Khan

Non-Executive Director

Mr Ch. Khaqan Saadullah Khan has over 20 years of experience in corporate finance, investment banking, private equity and general management. He is currently an advisor to international investors with significant investments in Pakistan. Prior to this, he was a fund manager with the Abraaj Group. Mr Khan has also worked as an Investment Officer in International Finance Corporation, as an Investment Consultant in the Board of Investment, Government of Pakistan, and as a manager in Ernst & Young’s Transaction Advisory Services Group based in Chicago. He has previously served on the Boards of Agritech Limited and Shakarganj Food Products Limited. Mr Khan holds a BA in Economics from Northwestern University, USA. Other Engagements include Member Board of Directors: Cinepax Limited and Jhimpir Power (Private) Limited.

Sajid Mehmood Qazi

Non-Executive Director

Mr Sajid Mehmood Qazi, Senior Joint Secretary, Ministry of Finance Joined Office Management Group of the Civil service of Pakistan in 1995. He was exposed to the working of Ministries of Energy Petroleum Division, Economic Affairs, Commerce & Textile and Narcotics Control. As Additional Registrar Supreme Court of Pakistan, he has the rare honour of contributing in the setting up of the HR cell to streamline the implementation of suo moto jurisdiction of the apex court of the country. As a core member of the NAB team, Mr Qazi contributed in formulation and implementing the national anticorruption strategy during his stint at the premier accountability body from 1999 to 2005. Mr Qazi performed the duties of a diplomat in Pakistani Consulate Manchester UK as Counsellor Community Affairs. Before joining the Ministry of Finance, he was working as Joint Secretary, Corporate Affairs, Ministry of Petroleum. Mr Qazi has strong interest in Economics, Public Administration and law. He earned LLM from Warwick University, UK as Chevening Scholar. He is an avid reader of contemporary history and also follows his passion of hiking and landscape photography in his leisure time.

Khalid Rafi

Independent Director

Mr Khalid Rafi is an Independent Director, elected at the AGM of the Company held on October 8, 2012, and also Chairman of the Board Audit Committee. Mr Rafi has been a Senior Partner at A. F. Ferguson & Co., Chartered Accountants, a member firm of PricewaterhouseCoopers LLP, for 20 years. He was also the President of the Institute of Chartered Accountants of Pakistan and of Management Association of Pakistan. Mr Rafi is a Chartered Accountant and a Fellow at the Institute of Chartered Accountants in England and Wales.

Jamil Akbar

Non-Executive Director

Mr Jamil Akbar has more than 20 years of multinational experience in general management, strategy, real estate development and private equity. Presently, he is serving as TPL Properties COO and TPL eVentures CEO. He recently led Strategy and M&A for Fauji Foundation, while also serving as the Board member of Mari Petroleum, FAP Grain Terminal and various Fauji IPPs. His previous roles were Country Head, Emaar Pakistan and before with the Abraaj Group focused on Pakistan investments, including an operational and turnaround role at K-Electric. He has also been Chief Internal Auditor at GlaxoSmithKline Pakistan Ltd. Mr Akbar began his career with KPMG UK. Mr Akbar holds an MBA from INSEAD, is a Chartered Accountant from the Institute of Chartered Accountants in England & Wales (ICAEW) and holds a BEng. (Mechanical) from Imperial College (UK). Other Engagements: Independent Director, Trellis Housing Finance Ltd.

Mubasher H. Sheikh

Non-Executive Director

Mr Mubasher H. Sheikh has been a Non-Executive Director of the Company since its privatisation in November 2005. He joined the National Industries Group (Holding), Kuwait, in 2001 and is currently Chief Financial Officer. He is also a Non-Executive Board member in Proclad Group Limited Dubai and a Board member in Ikarus Petroleum Industries, Kuwait, and BI Group, UK. He graduated with a degree in mathematics and statistics from the University of Punjab and is a Chartered Certified Accountant UK (FCCA). Other Engagements: Chief Financial Officer, National Industries Group, Kuwait. Board Member: Proclad Group Limited, Dubai; Ikarus Petroleum Industries, Kuwait; BI Group, UK.

Naveed Ismail

Non-Executive Director

Mr Naveed Ismail has over 28 years of global power sector background. He has hands-on experience in leading as CEO of some of the large electric utility businesses in UK, Brazil, Argentina, Chile, Georgia, Kazakhstan and Pakistan. He is also a former CEO of K-Electric. Most of Mr Ismail’s multi-country power sector experience has been in turnarounds, restructuring, corporate workouts, power business development, power sector reforms, efficiency gains, loss reduction in transmission and distribution networks. He has diversified and rich multi-country experience in all segments of a power utility business (generation, transmission & distribution). Mr Ismail holds a Bachelor degree in Mechanical Engineering from UET Peshawar, MS in Mechanical Engineering from MIT, USA and MBA in Finance from Boston College, USA. Other Engagements: Chairman of National Transmission & Despatch Company (NTDCL).

Ruhail Muhammad

Non-Executive Director

Mr Ruhail Muhammad’s career spans over 35 years in general management, business development, strategy, financial planning and people development. He has held various C-suite positions in companies focusing on a diverse range of activities from Chemicals to Energy to Polymer production. He is currently the CEO of Hub Power Holdings Ltd, a subsidiary of HUBCO, Pakistan’s largest IPP. He is responsible for managing the growth portfolio of HUBCO, including existing coal-based power plants. His responsibilities include evaluating onshore & offshore acquisitions, project financing, economic evaluation of all growth projects and financial re-engineering to support the growth vision of the Company. Previously, he was the CEO of Engro Fertilizers from 2012-2018. He has served on the Boards of Engro Corp and various Engro subsidiaries including as Chairman of Engro Vopak and Engro LNG Terminal. In addition, he has also served on the Boards of Pakistan Institute of Corporate Governance, British Overseas School, KP Energy Board (PEDO), EFU Life and as Chairman of Pakistan Mercantile Exchange Limited. He is a CFA Charter Holder and holds an MBA degree from Institute of Business Administration, Pakistan. He has attended the Advance Management Program at INSEAD as well as an Agri-Business certification from the Harvard Business School.

Sadia Khuram

Non-Executive Director

In her two-decade long professional career, Ms Sadia Khuram has worked in the leading and most progressive organisations/sectors (Paktel, Mobilink and Careem) in Pakistan and has successfully led the following commercial areas. Marketing, Product Development, Business Development, Sales, Digital Advertising and Delivery Channels, Customer Experience and Operations Transformation. She is currently working as the Chief Strategy Officer at Pure Health in Dubai. She holds an MBA from LUMS and another MBA in Innovation and Global Leadership from MIT. Ms Sadia is passionate about helping businesses and organisations leverage the opportunities presented by the digital economy and technology, for creating, capturing and delivering value. Committed to the principles of customer-centric design thinking when solving product/business challenges, she leverages hands-on understanding of dynamics of consumer markets in developing economies when driving aggressive growth and/or operating model transformation. She prides herself in developing and leading high-impact, cross-functional teams that get great things done. She possesses strong analytical skills and has a very data-driven and experiment-based approach to decision-making. Ms Sadia actively engages with the local academic institutions and the start-up community to get inspired and to support in building the next generation of disruptors, innovators and leaders. She is currently also serving as an Independent Director for IESCO and LESCO.

Waseem Mukhtar

Non-Executive Director

Mr Waseem Mukhtar represents the Government of Pakistan and was appointed as Non-Executive Director on the Board of KE in April 2019. With more than 25 years of experience at the Provincial and Federal Government levels, covering policy implementation and formulation in the arena of corporate management, public financial management, project management and public service delivery, Mr Mukhtar currently serves as Additional Secretary, Power Division, Government of Pakistan. Mr Mukhtar has previously served as Managing Director of Utility Stores Corporation and National Fertilizer Marketing Limited.

WordPress Lightbox