Board of Directors


Mr. Maqbool H. H. Rahimtoola ( Minority Shareholder & Chairman )

Qualifications :
McGill University Business School , Canada
Educated at Aitchison College Lahore, Karachi Grammar School
Karachi And Westminster School London, UK.

Occupation : Consultant

Nationality :Pakistani

Directorships :
Berger Paints Pakistan Limited-Chairman Board of Directors
DadexEternit Ltd

Ray Shipping Enterprises (Pvt.) Ltd
Bandenawaz (Pvt.) Ltd

Mr. Maqbool H. H. Rahimtoola has been on the Board of Directors’ of both Pakistani and Multinational Companies quoted on the Karachi Stock Exchange for over 40 years, across industries such as pharmaceuticals, packaging, finance, textiles, paint, sugar, construction materials and industrial development.

Former Federal Minister 2013

Former Minister GOS 1996-97 :
Local Government
Mineral Development
Rural Development
Karachi Abadies, ( inner cities )
Town Planning
Public Health Engineering

Former Chairman :

T.D.A.P. Trade Development Authority of Pakistan
Lakhra Coal Development Authority
Sindh Small Industries Corporation
Karachi Transport Authority
Sindh Coal Authority
Sindh Employees Social Security
Pro chancellor Pakistan Fashion Design Institute

Former Member Board of Governors :

Karachi Development Authority
Sindh Wildlife Management Board

Leader of the Pakistan Delegation to :

Trade Ministers Conf. AIMS Dubai 2013
The UNCTAD/GATT Seminar, Hong Kong ’71.
Pakistan Representative World Packaging Conference 1973.

Recipient of :-

the International Trophy for Technology Frankfurt
Germany 1984. & Overseas Graduates of Pakistan Club Award 2004

Dr. Mahmood Ahmad ( Chief Executive )

Qualification : MBBS from Army Medical College.
Business Management courses form Pakistan like CEO courses form PIM.
Occupation : Business
Nationality : Pakistan
Professional Experience :
Served in the Pakistan Army Medical Corps.
Ventured successfully in textile business in Europe/Middle East.
Leading the paint business under the brand name of Berger Paints in Pakistan.
Directorships :

Berger Paints Pakistan Limited
Berdex Construction Chemicals Private Limited
Berger DPI Private Limited
Berger Road Safety Private Limited
M.S. Orchids Private Limited
Jenson and Nicholson of Pakistan Private Limited
Oxyplast Private Limited

Mr. Tariq Ikram (SI)

Qualification :

Bachelors in Physics Maths and Chemistry
Masters in English Literature (Government College Lahore) 1967
Central Superior Services Examination (Government of Pakistan) 1969-70
Studied British History, US History, International Relations 1968-1969
Specialisation in Marketing but training in almost all fields of Management, locally and Internationally.

Directorships :

    Berger Paints Pakistan Limited
    Tasha Enterprises (Pvt) Ltd.
    Tasha Trust as Managing Trustee
    Excel Labs.

    Habib Metropolitan Bank of Pakistan (Independent Director)
     Chair of Audit and HR Committees
    International Industries (Pvt) Ltd. (Independent Director)
     Chair of HR Committee
    Karachi Port Trust
    KESC (Presently known as Karachi Electric)
    Pakistan Petroleum Ltd
    Transkarachi (Pvt) Ltd. (Chairman)
    Reckitt Benckiser (CEO)
    Reckitt and Colman Nigeria (Pvt) Ltd.
    Robinsons Foods (Pvt) Ltd. Bangladesh (Chairman)
    Atlantis (Pvt) Ltd Egypt (Chairman)
    Reckitt and Colman Egypt (Chairman)
    Expo Lahore (Pvt) Ltd. (Chairman and CEO)

Career Profile:

Joined Reckitt & Colman of Pakistan Ltd. as a trainee in 1970 and rose to the position of CEO by 1983. In 1991 was appointed as Regional head of Reckitt and Colman (now Reckitt Benckiser) for Pakistan to North Africa.

Elected as President of the ‘Overseas Investors Chamber of Commerce and Industry’, ‘Marketing Association’, and ‘Management Association’ of Pakistan. Founder President of ‘Pakistan Advertisers Society’ and ‘Pakistan Research Society’.

In year 2000 was invited to join the government as Minister of State and Chairman ‘Export Promotion Bureau of Pakistan’. Later appointed as member of ‘Economic Coordination Committee of Pakistan’ and CEO of the ‘Trade Development Authority of Pakistan’

He has been on the Board of Directors’ of various local and international companies, in the private and public sectors, quoted on the Karachi/Stock Exchanges, for over 35 years, across industries such as Consumer, Pharmaceuticals, Petroleum, Energy, Food Processing, Philanthropic and Educational Institutions

Professional Recognition:

Some of Mr. Ikram’s major recognitions include the award of Sitara-I-Imtiaz by the President of Pakistan, Gold Medals by the Federation of Chamber of Commerce and Industries and Rice Exporters Association of Pakistan, Life Time Achievement Award by Marketing Association of Pakistan and Pakistan Advertisers Society. Invited to be the President Trade and Industry for Commonwealth Club, UK. And Member Board of Advisors for Iqbal Institute of Policy Studies Islamabad.

Philanthropic Initiatives:
Chairman Board of Trustees of Tasha Trust/Saiya Homes (Orphanage)

Visiting Faculty Member:
Pakistan Institute of Corporate Governance
Institute of Business Administration
Lahore University of Management Sciences
Lahore National Management College
National Défense University
Iqbal Institute of Policies Studies

Mr. Ilyas Sharif ( Director )

Qualification :

Webster University (1998)
Leiden, The Netherlands
International Business

Webster University (1992)
Leiden, The Netherlands
Marketing & Management
Bachelor of Business Administration

Directorships :

Nissen UK Limited London, UK (April 2005 to Current)
Responsible for Sales & Marketing of road safety products in the UK, Ireland and the
Middle East

Berger Paints (Pakistan) PVT Lahore, Pakistan (Current)

Trade Associations
REMA: Retroreflective Equipment Manufacturers Association
Chairman for sub-committee for “Lamps and Light Emitting Signs & Signals”

ARTSM: Association of Road Traffic Safety and Management
Chairman Working Group 3 (WG3) committee involved in setting European norms on Variable Message Signs (VMS)

UK Roads: Member

IRF: International Road Federation (USA)

Mr. Zahid Majid (Alternate Director To Mr.Ilyas Sharif)

Qualification :

Alumnus of St Anthony’s High School and Government College, Lahore, Mr. Zahid Majid received his Mechanical Engineering (Honours) Degree from Government College (now University) of Engineering and Technology, Lahore in 1959 with award of the Maclagan Gold Medal for standing First in the University Final Year examinations. In the course of his career he was recognised by the American Institute of Chemical Engineers with whom he remained a Member for well over 25 years. Upon graduation he also received a 2-year scholarship for training with the AEI Ltd in Manchester, UK and concurrently obtained qualifications in ‘Management’ from the Manchester College of Science and Technology, U.K.

Professional Experience :

During the course of his vast and varied professional experience he served at senior management level in reputed multinational companies in power, oil and fertilizer sector, both in Pakistan and internationally. He received diverse appointments and training courses to develop technical, analytical, communication and managerial skills leading to top-management assignments. Starting in 1962 with Harza Engg Int’l (power consulting) he joined Esso Eastern (oil marketing) in 1964. He was VP -Manufacturing heading the Daharki fertiliser plant and a Director on the Board of Exxon Chemical Pakistan Ltd (now Engro Corp) and bid adieu after an 18 year long association.

He moved to Gulf Oil in 1982 in Singapore (oil trading & lubricants) as Manager-Business Development and later assigned to Dubai as Regional General Manager where he led the design and construction of Lube oil blending plants in Yanbu and Jebel Ali. He joined Caltex Trading in Dubai in 1997 as Regional Manager – Business Development and subsequently moved again to Singapore covering business development in China and SE Asia from where he retired in 2003, after merger of Chevron-Texaco subsidiaries, to return to Pakistan.

During the mid-90’s he was instrumental in establishing two successful manufacturing business ventures in Dubai, Scott-Bader Middle East Ltd (unsaturated polyester resins) and EnerCanada Middle East Ltd (plastic master-batch), each divested later for profit.

On his return to Pakistan he was nominated a Director on the Boards of Sui Southern Gas Company Limited, Pakistan Petroleum Ltd and Oil & Gas Development Co. Ltd during 2005-08. In 2007 he also participated in the ACCA Pakistan ‘Directors Excel’ program conducted by the Institute of Directors – London in Bhurban.

In 2011 he consulted for MCB Bank in connection with their interest in privatisation of PSO.

Mr. Shahzad M. Husain ( Director )

Qualification :

Masters in Law, International Relations
Nationality : Pakistan
Directorships :

DadexEternit Limited
Professional Experience :

Worked for Citibank for 20 years, Supervised Corporate/Wholesale Banking.
Has previously served on the board of

Citicorp Investment Bank Ltd.
Central Depository Co. Ltd.
Muznash (Pvt.) Ltd, is a Consultancy firm founded by Shahzad M. Husain in 1998, specializing in financial advisory.

Mr. Zafar Aziz Osmani ( Independent Director & Chairman HR )

Qualification :
Master of Arts International Relations (Karachi University), Master of Arts Political Science (Punjab University(, Bachelor of Law (Karachi University).
Advance Management courses form Cornell University. INSEAD, LUMS

Occupation : Management Consultant
Nationality : Pakistan
Professional Experience : Served in the Pakistan Civil Services in Finance Group.
Worked as senior management positions in Exxon Pakistan, Gulf International Bank Bahrain, American Express Pakistan and Singapore, Pak Kuwait Investment Company/ Meezan Bank, Habib Bank Limited, Federal Board of Revenue as Member HRM, Karachi Electric as COO and CEO Excelerate Private Limited

Directorships :
Berger Paints Pakistan Limited
General Tyre& Rubber Company

Engine Systems Limited

MOHAMMAD SAEED ( Independent Director )

Education :

  • B.A, Govt. College, Lahore
  • B.Sc, Mech. Engg, Punjab College of Engg. and Technology
  • Colombo Plan , Canada : Student of Natural Gas Technology

Professional Training:

  • Advanced Management: Pakistan Administrative Staff College, Lahore
  • Advanced Management: Chesham, England
  • Several diverse Technical Training Programmes, USA and UK

Work Experience:

Held senior Management positions with SGTC (Burmah Oil of UK), including heading the entire Technical matters of the company and Material Management.

  • Was General Manager with Pakistan Oxygen Ltd.
  • Was transferred to Head Office of British Oxygen Company, London
    Was placed in Saudis to assist the Saudies in setting up of NIGC, a SABIC company. It was a highly successful and profitable operating company during my stay with them.
    Was fully responsible for successful negotiations with U.S. and Japanese companies of international repute for all expansion projects.
  • My CV was approved by the World Bank for appointment as Senior Consultant with a Government of Sind body, EXPACO, on behalf of Sidat Hyder Associates. The assignment included placing and implementing financial, procurement and personnel systems for the organization.
  • Was Executive Director incharge of executing gas supply projects in Nigeria and Algeria on behalf of a Pakistani group.
  • Attended several International conferences and three of my papers were accepted.


  • Was Alternate Director at Pakistan Oxygen’s board for several years in place of the Chief Executive Overseas, London.
  • Was a Director on the Board of a Pak-Algerian company
  • Was a Director on the Board of Buxly Paints
  • Was the Chairman of Buxly Paints Board
  • Was Alternate Director on the Board of Berger Paints
  • Presently Director on the Board of Berger Paints

Ms. Zarine Aziz

Qualification :

Masters Public Administration (1975 – 1977)

Matriculation (1958 – 1970)

Nationality :Pakistan

Directorships :Berger Paints Pakistan Limited.

Urban Unit Punjab

Rehnama Family Association of Pakistan

Al Habib Asset Management Ltd.


Experience as Volunteer:

Member National Council & Honorary Treasurer

Rahnuma FPAP (Dec 2016 – Present 4 years 2 months)


A banker par excellence and a mission driven leader for the socio-economic development of women, with a proven track record of leading and restructuring financial institutions, with recognition at the country and global level.

Professional Experience :

Former President / Chairman / Chief Executive:

  • Urban Sector planning And Management Services Unit (PVT) Limited
  • President / CEO / Chairperson of the BOD First Women Bank Ltd
  • General Manager Punjab / Senior Executive Vice President
  • Assistant Vice President at United Bank Limited

Former Members of the Board:

  • Director, Damen Support Programme
  • Member, National Council &Honorary Treasurer Rahnuma FPAP
  • Member, Board of Governors University of Health Sciences Lahore
  • Former Member Board of Directors, Lahore Electric Supply Company
  • Member Board of Directors / Chairperson of the Finance Committee at Lahore Electric Supply Company

Honors & Awards: 

·         Pakistani Women Pioneers Award
           Training Network International (TNI) 2007
·         Women Achiever Award
            Indus TV 2006
·         Women Excellence Award
     Women Development Department, Government of Sindh-Pakistan 2006
·         Best Turnaround Executive 2005
International Business Awards – Stevie Award, New York, USA-2005
For leadership qualities in achieving financial turnaround, restructuring of FWBL and extraordinary efforts for socio-economic empowerment of women and development of women entrepreneurs.

·         Women of the Year 2004 – Banking & Finance
South Asia Publications-2004
In recognition of meritorious service in the field of Banking and Finance.

·         WEBCOP-AASHA Recognition Award 2002
In recognition of Gender Sensitive Management.

·         Meritorious Work for Women Development’ 2000
Department of Social Welfare Women Development & Bait-ul-maal (Government of Punjab, Pakistan).2000
·         Outstanding Achievement Award
Ladies Forum Pakistan-2000
In recognition of services in banking.

·         Gold medal for outstanding performance in banking
Ladies Financial Advisory Services, Karachi, Pakistan-1997
·         “Salma Tassadaque Memorial Award” 1997
United Nations Association, Lahore, Pakistan-1997
In recognition for outstanding performance in banking.

·         Lions Excellence Award 2003
In recognition of meritorious service in the field of Banking.

·         Woman of the Year 2003
Ladies Forum Pakistan
Award for leadership qualities in achieving financial turnaround, persistent growth, wiping out colossal losses, restructuring of FWBL and extraordinary efforts for socio-economic empowerment of women and development of women entrepreneurs.

·         Young Professionals Award’ 2000
Kinnaird College for Women Lahore
In recognition of her extraordinary banking career.