Board of Directors


Mr. Waqar Ahmed Malik


Joined the Board on April 09, 2020.

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:

  • Fauji Fertilizer Company Limited
  • Mari Petroleum 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.

    Mr. Sarfaraz Ahmed Rehman

    Managing Director & Chief Executive Officer (MD&CEO)
    Joined the Board on October 16, 2021

    Sarfaraz, a chartered accountant by qualification, has contributed management expertise to several multinational companies such as Unilever, SB (GSK), Jardine Matheson / Olayan JV and PepsiCo during his varied career.

    In 2005, Sarfaraz established Engro Foods as its CEO. The company grew from a green-field to become the leading liquid dairy company in Pakistan. Engro Foods became the only Pakistani company to receive the ‘G20 Top 15 Company’ award. In 2012, he took a sabbatical from Engro Foods to establish the Karachi School for Business and Leadership. Sarfaraz rejoined Engro Foods as CEO in 2013, where he remained till 2015.

    Since Oct 2015, he has been involved in consultancy projects, among others with ICI, IBL, JSPE, Shan Foods, Al-Shaheer (Meat One), Soya Supreme, Burque Corp, CCL and ITL.

    Sarfaraz was contracted to Grant Thornton for 2016-17 as an executive coach during a culture change project at UBL. He conducts a well-established coaching / mentoring role, with business executives and university graduates. Sarfaraz has coached for Careem, Gatron-Novatex, Engro, ICI, Descon, PPL, UBL and City School.

    Sarfaraz was Chairman of the Broadcasters / Advertisers Council 2015-18 (joint body controlling advertising in Pakistan). Further, he was the Chairman of the 1st Effie Awards in Pakistan, in 2019. He is also on the Board of MAP and Patient Aid Foundation.

    Sarfaraz joined Fauji Group in June 2020 as MD&CEO of Fauji Fertilizer Bin Qasim Limited (FFBL) till October 2021. During his short stay in FFBL, his innovations and effective business strategy led to turnaround of FFBL making it a profitable entity.

    Additionally, Sarfaraz speaks at various forums. He has given motivational talks at Laye’s, Mondelez, Nutrico, RB, Engro, Octara, ICI, Shell, MAP etc. At universities, colleges, schools and on media occasions he holds climate change talks / sessions to create awareness.

    Sarfaraz is deeply interested in playing his part in giving back to society and has worked on an online interactive education model for mass education, to resolve the issue of literacy in Pakistan over the next decade. In the past he was associated with Shaukat Khanum Hospital as a Board of Governor and with WWF as a Director. He is also associated with Hisaar Foundation and its work on water / environmental issues in Pakistan.

    Mr. Sarfaraz Ahmed Rehman has been appointed as Managing Director & Chief Executive Officer of FFC, FFCEL and FFFL w.e.f October 16, 2021.


    Major General Ahmad Mahmood Hayat, HI (M), (Retired)

    (Non-Executive Director)
    Joined the Board September 10, 2020

    Major General Ahmad Mahmood Hayat, HI (M), (Retired) was commissioned in the Army on 06 Sep 1984. He is a graduate of Command and Staff College Quetta and Comd and Gen Staff Course USA , National Defence University Islamabad, Pakistan. Holds Master’s Degree in War Studies from Quaid-e-Azam University Islamabad and Fort Leavenworth USA. He has commanded an Armour Regiment, Independent Armoured Brigade Group, Infantry Brigade and Infantry Division. He held various staff appointments to include Adjutant / Instructor Pakistan Military Academy, Brigade Major of an infantry Brigade, General Staff Officer-2 and 1 at CGS Secretariat, General Staff Officer-1 at Military Operations Directorate, Chief of Staff at Corps Headquarter, Director General in Inter Service Intelligence Islamabad and Director General Defence Export Promotion Organization. He is on the Board of Fauji Fertilizer Company Limited, Fauji Fertilizer Company Energy Limited and Mari Petroleum Company Limited. At present, he is working as Director Health Fauji Foundation Head Office with effect from 07 September 2020. In recognition of his outstanding services, he has been awarded Hilal-i-Imtiaz (Military).


    Mr. Muhammad Aleem Khan

    Joined the Board on 29 January 2021

    He is also Group General Manager - Manufacturing and Operation – Fauji Fertilizer company limited and a member of FFC’s Executive Committee, Business Strategy Committee and CSR Committee.

    Aleem Khan joined FFC in 1992, prior to his present position he has strong experience of leading as General Manager plant site Mirpur Mathelo and Goth Machhi. In his 30 plus years of illustrious career, he held management roles related to operations and execution of mega projects within and outside FFC. He brings with him a vast knowledge of operations, technical services , project management with a special focus on safety and reliability. His contribution in commissioning of FFC-II, Engro Fertilizer-EnVen and Kaltim-IV Indonesia projects remained remarkable.

    He holds Chemical Engineering Degree from NED University of Engineering & Technology, Karachi and honed his skills by attending various leadership and professional courses from AGSM NSW- Australia, MIT and National Safety Council, USA. He is well traveled and attended international workshops and presented technical papers at different forums including AIChE Ammonia Plant Safety symposium, USA.


    Mr. Qamar Haris Manzoor

    Joined the Board on 03 June 2020

    Qamar Haris Manzoor has done his Masters in Chemical Engineer from US and holds over 33 years of experience in plant and project management. He started his career with ICI managing its Soda Ash Plant operations. He also worked on ICI’s polyester plant in Pakistan in the Plant Operations. He also worked at ICI’s PTA Plant as Director Manufacturing and managed various aspects of plant i.e. from Commissioning, Operations Management, Process Engineering, Project Engineering, HSE and other improvement projects. He has also been a technical advisor of Lotte for its growth strategies in Pakistan and contributed in setting up 48 MW Cogen Plant at Lotte’s PTA Plant. He also held senior positions in Operation at Exxon Chemical Pakistan Ltd at their Fertilizer Plant.

    He then took over the role of Chief Executive Officer of El Paso Technology Pakistan Ltd and Chief Operating Officer of Habibullah Coastal Power Company. HABIBULLAH COASTAL POWER COMPANY (HCPC) is located in Quetta, Baluchistan. HCPC operates a combined cycle gas fired power plant with a design capacity of 140 MW Gross and Net Dependable capacity of 129 MW. The plant is in operation since 1999. EL PASO TECHNOLOGY PAKISTAN LIMITED (EPTP) provides technical and managerial services to HCPC and also are the Operations and Maintenance Contractors of HCPC. EPTP also is responsible to Identify opportunities for growth in Power and Chemical sectors. This requires carrying out market studies, due diligence both financial and technical and presenting it to shareholders. He was also responsible to manage relationships with Government, regulators, Lenders and stakeholders to ensure smooth function of the business.

    He also took the additional responsibility of Chief Executive Officer of Hawa Energy Limited, a 50 MW wind project. He successfully concluded the key contracts for the project and maintained liaison with regulators and relevant ministries/ government bodies to ensure timely approvals for the project to achieve FC on time. Subsequently, he oversaw the project construction to ensure it’s on cost and on time delivery.

    In his previous job, he worked as Chief Operating Officer of Naveena Group’s Energy and Steel Projects. He played a leadership role to develop a green field project under the name of Naveena Steel Mills (Pvt) Ltd for a 300,000 TPA steel rebar plant at Port Qasim, Karachi. The project was completed in a record time of 20 months and has been fully commissioned. He also led the Lakeside Energy Pvt Ltd, a 50 MW wind project at Jhampir, Sindh, and was responsible to achieve financial close of the project along with securing the required regulatory approvals and conclusion of EPC contracts. The project is now under construction with target completion in November 2021.

    He took over as MD and CEO of Fauji Cement and Askari Cement as well as MD of Foundation Solar Energy Limited.


    Mr. Khurram Shahzad Khan

    Joined the Board on June 04, 2021


    Syed Bakhtiyar Kazmi

    Joined the Board on June 04, 2021

    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. Kazmi has served on a number of diverse forums / Boards in the Private Sector, Public Sector & Civil Society Organization and regularly publishes in reputable dailies.


    Brig Asrat Mahmood, SI(M) (Retd)

    (Company Secretary )
    Joined FFC Energy Limited (FFCEL) as Company Secretary on 13 April 2020.
    He was commissioned in Pakistan Army in March 1987 and retired in 2019.He had a distinguished career in Pakistan Army and served on varied command, staff and instructional appointments.
    He is a graduate of Command and Staff College, Quetta and National Defence University Islamabad, besides attending professional courses abroad. He holds M.Sc (Strategic Studies and Defence Management). MBA and Diploma in German Language to his credit.

    He has also attended inland short courses on Management, HR, Disaster Management etc. In recognition of his meritorious service, he was awarded Sitara-e-Imtiaz (Military). He is also holding the appointment of Company Secretary in Fauji Fertilizer Company Limited.