SUI NORTHERN GAS PIPELINES LIMITED
HISTORIC PROFITS, SHARED SUCCESS:
A YEAR OF COLLECTIVE ACHIEVEMENT…
2ANN0UAL2REP4ORT
Cowl Story
Sui Northern Gas Pipelines Restricted (SNGPL)’s exceptional 61-year journey stands as a robust testomony to the energy of steadfast dedication, and deep-rooted neighborhood engagement. This yr, we proudly mark a defining milestone in our historical past – attaining record-breaking profitability and setting new benchmarks for collective success.
Since our inception in 1963, SNGPL has been a cornerstone of Pakistan’s power sector, constantly evolving to fulfill the nation’s rising power calls for. Our distinctive achievements this yr are a direct reflection of the cumulative efforts of our individuals and all stakeholders – a real story of shared imaginative and prescient and united energy.
As we glance forward, SNGPL stands able to seize the alternatives offered by a quickly remodeling power panorama. Our strategic roadmap reinforces our dedication to infrastructure enlargement, funding in state-of-the-art applied sciences, and an unwavering deal with operational excellence. Pushed by innovation, sustainability, and a forward-thinking mindset, we’re devoted to delivering enduring worth to our prospects, shareholders, and communities.
The Annual Report 2024 is each a celebration and a mirrored image: a tribute to our enduring legacy of resilience, reliability, and excellence, and a showcase of a yr distinguished by historic monetary efficiency and collective achievement. The quilt picture encapsulates the spirit of continuity and ambition – bridging our proud heritage with a daring imaginative and prescient for the future.
As we proceed to gasoline progress, our core values – dedication, courtesy, competence, accountability, and integrity – will stay the bedrock of all that we do. Collectively, with the unwavering belief and collaboration of all our stakeholders, we’re assured that we’ll construct upon this historic success, driving sustainable development and shaping the future of power in Pakistan.
Contents
-
Imaginative and prescient & Mission
-
Core Values
-
Company Profile
-
Company Data
-
Code of Conduct
12 Current Board of Administrators
20 Company Governance
32 Assertion of Compliance
36 Discover of 60th Annual Common Assembly
43 Transmission System and Community
44 Chairman’s Evaluate
46 Administrators’ Report
72 Milestones
74 Sample of Shareholding
-
Classes of Shareholders
-
Abstract of Six Years
-
Graphical Presentation
82 Horizontal Evaluation
83 Vertical Evaluation
84 Ten Years at a Look
86 Organizational Construction
88 Head Workplace & Regional Places of work
Audited Monetary Statements
91 Impartial Auditor’s Evaluate Report
92 Impartial Auditor’s Report
96 Assertion of Monetary Place
98 Assertion of Revenue or Loss
99 Assertion of Complete Earnings
100 Assertion of Adjustments in Fairness
101 Assertion of Money Flows
102 Notes to the Monetary Statements
215 Administrators’ Report (Urdu)
217 Chairman’s Evaluate (Urdu)
219 Type of Proxy (English)
220 Type of Proxy (Urdu)
Imaginative and prescient
To be the main built-in pure gasoline supplier in the area searching for to enhance the high quality of life of our prospects
and obtain most profit for our stakeholders by offering an uninterrupted and atmosphere pleasant power useful resource.
Mission
A dedication to ship pure gasoline to all doorsteps in our chosen areas by means of steady enlargement of our community, by
optimally using technological, human and organizational assets, greatest practices and excessive moral requirements.
Core Values
Commitment Integrity
We’re dedicated to our imaginative and prescient, mission and to creating and delivering stakeholder worth.
Courtesy
We’re courteous -with our prospects, stakeholders, and in the direction of one another and encourage open
Competence
Responsibility
We’re accountable -as people and as groups – for our work and our actions. We welcome scrutiny, and
We have now integrity -as people and as groups – our selections are characterised by honesty and equity.
communication. We’re competent and try to repeatedly develop and enhance our abilities and enterprise practices.
we maintain ourselves accountable.
Company Profile
Sui Northern Gas Pipelines Restricted (SNGPL) was integrated as a non-public restricted firm in 1963 and transformed right into a public restricted firm in January 1964 underneath the Corporations Act 1913, now the
Corporations Act, 2017 and is listed on Pakistan Inventory Change Restricted.
The Firm took over the current Sui – Multan System (217 miles
of 16 inch and 80 miles of 10 inch diameter pipelines) from Pakistan Industrial Growth Company
(PIDC) and Dhulian – Rawalpindi – Wah system (82 miles of 6 inch diameter pipeline) from Attock Oil
Firm Restricted. The Firm’s industrial operations commenced by promoting a mean of 47 MMCFD gasoline in two areas viz. Multan and Rawalpindi, serving a complete quantity of 67 customers.
SNGPL is the largest built-in gasoline firm serving greater than
7.5 million customers in North Central Pakistan by means of an
intensive community in Punjab, Khyber Pakhtunkhwa and Azad Jamu & Kashmir. The Firm has over 61 years of expertise in operation and upkeep of high-pressure gasoline transmission and distribution system.
It has additionally expanded its actions as Engineering, Procurement and Building (EPC) Contractor to undertake the planning, designing and building of pipelines, each for itself and different group.
Company Data
Chairman
Mr. Muhammad Ismail Qureshi
Managing Director / CEO
Mr. Amer Tufail
SGM (CA) / Firm Secretary
Mr. Imtiaz Mehmood
Auditors
M/s. A.F Ferguson & Co.,
Chartered Accountants
Authorized Advisor
M/s. Surridge & Beecheno
Share Registrar
CDC Share Registrar Companies Restricted (CDCSRSL)
Mezzanine Flooring,
South Tower, LSE Plaza,
19-Khayaban-e-Aiwan-e-Iqbal, Lahore, Pakistan.
Tel: +92-42-36362061-66
Fax: +92-42-36300072
Web site: https://www.cdcsrsl.com
Registered Workplace
Gas Home
21-Kashmir Street, P.O. Field No. 56, Lahore – 54000, Pakistan.
Tel: +92-42-99082000 & 06
Fax: +92-42-99201369
Web site: https://www.sngpl.com.pk
Code of Conduct
SNGPL requires its whole employees each govt employees and subordinate staff, the observance of the highest moral requirements in the conduct of its enterprise actions
to reduce the important danger related to non compliance. The coverage on Enterprise Rules and Moral Danger is meant to help
SNGPL employees in assembly the requirements of skilled and private integrity anticipated and required of them.
SNGPL employees will act with integrity always, to guard and safeguard the popularity of the Firm.
Contravention of this coverage shall be considered misconduct.
SNGPL will be certain that, by means of this coverage and thru different means of communication, all package employees is conscious of the required requirements, guidelines and rules.
Following are sure particular pointers in respect of the above.
Battle of Curiosity
Every employees member has a primary accountability to the Firm and is predicted to keep away from any exercise that
might intervene with that accountability. Workers mustn’t have interaction in actions or transactions which can give rise to, or which can be seen to be giving rise to battle between their private pursuits and the curiosity of Firm. Such battle might come up in a quantity of methods and a quantity of conditions.
The next paragraph outlines some particularly forbidden conditions. This record is, nevertheless not exhaustive.
In case of doubt the recommendation of the Managements needs to be sought.
-
SNGPL buy tools, materials and companies for numerous points of its operations. SNGPL employees members are forbidden from holding any monetary curiosity, straight or not directly in any group supplying items or companies to the Firm.
-
SNGPL employees mustn’t take part in any exterior exercise that competes, straight or not directly, with the Firm.
-
SNGPL employees mustn’t take part in any exterior enterprise or exercise which may intervene with their duties and tasks to the Firm.
-
No employees member ought to promote, lease or purchase tools, materials or companies to or from the Firm besides when as an worker it might be mandatory in the regular course of his/her duties.
-
Workers members will not be permitted to conduct private enterprise actions on the Firm’s premises or to make use of Firm services for such goal.
-
If a employees member has direct
curiosity, oblique curiosity or household connections, with an exterior group that has enterprise dealings with SNGPL, particulars of such connections and curiosity needs to be absolutely disclosed to the Administration.
-
Workers members ought to speak in confidence to the Administration the particulars in respect of any relationship (s) with different employees members; and
-
Workers members shall not carry out any act or become involved in any state of affairs that probably might battle with the rules outlined above.
-
Confidentiality
Workers members mustn’t preserve or make copies of correspondence, paperwork, papers and information, record of suppliers or customers with out the consent of the Firm. Firm’s data and information needs to be saved on Firm premises solely and unpublished data could also be disclosed to exterior group/ people solely on “must know” foundation. In case of doubt on this regard, the Administration’s recommendation needs to be sought.
Contributions
No contribution shall be made to any group or to any particular person who both holds public workplace or is a candidate for public workplace.
Inducement Funds
Workers members mustn’t give or obtain funds which can be supposed to affect a enterprise determination or to compromise unbiased judgment; nor ought to any employees member obtain cash for having given Firm
enterprise to an outdoor company. Fee of any nature to Authorities officers to induce them their duties is strictly prohibited.
Correct Document of Funds, Property, Receipts and Disbursements
All funds, property, receipts and disbursements needs to be correctly recorded in the books of the Firm. Specifically, no funds or accounts needs to be established or maintained for a goal that isn’t absolutely and precisely mirrored in the books and information of the
Firm. Funds and property acquired or disbursement needs to be absolutely and precisely mirrored in the books and the information of the Firm. No false or fictitious entries needs to be made or deceptive experiences pertaining to the Firm or its operations needs to be issued.
Relationships and Dealings with Authorities
Officers, Media, Suppliers, Consultants and different Events
SNGPL’s relationships and dealings with Authorities officers, exterior businesses, events and people ought to, always, be such the SNGPL’s integrity and its popularity wouldn’t be broken if particulars of the relationship or dealings have been to grow to be public information.
It’s the accountability of every SNGPL employees member to train logic in order to behave in a fashion that may replicate favorably on the Firm and the particular person. Workers member ought to solely make statements to the media, speeches
in public boards, or publish articles in newspapers and many others. with prior authorization. In a private capability additionally, due care needs to be taken whereas discussing the
Firm efficiency or plans with outsiders. Workers members having questions on methods to adjust to this requirement ought to seek the advice of with the Administration.
Well being and Security
Each employees member ought to take affordable care to make sure the well being and security of him/her self and others, who could also be affected by his/her acts or omissions at work. Workers members mustn’t tamper with or misuse any merchandise offered by the Firm to safe the security,
well being and welfare of its employees and for the safety of the atmosphere.
Atmosphere
To protect and defend the atmosphere, all SNGPL employees members ought to;
-
Design and function the Firm’s services and processes in order to make sure the belief of adjoining communities.
-
Promote useful resource conservations, waste minimization and the minimization of the launch of chemical compounds/gasoline into the atmosphere.
-
Present staff prospects, provides, public authorities and communities with applicable data for knowledgeable determination making; and
-
Try repeatedly to enhance environmental consciousness and safety.
Code of Conduct
Alcohol, Medication and Playing
The use of alcohol in any type is prohibited on all firm places/ premises. Equally, the use of medication, besides underneath medical recommendation, is prohibited on all firm places/ premises.
Any employees member arriving at a piece place underneath the affect of alcohol or medication won’t be permitted to enter the premises and shall be liable to disciplinary motion.
All types of playing/betting on the Firm’s premises are forbidden.
Receiving items
No worker shall search settle for or allow himself/herself or any
member of his/her household to just accept any reward or favor, the receipt of which is able to place him/her underneath type of official obligation to the donor. As half of constructing relationship with customers, suppliers, and many others. employees members could obtain occasional items offered that the reward is of nominal worth (e.g. pen, Notepads, calendars, diaries, key chains or such promotional materials) and the reward
is neither supposed nor perceived by others to be supposed to improperly affect enterprise determination.
Work Place Harassment
SNGPL employees will keep an atmosphere that’s free from harassment and wherein all staff are equally revered. Office harassment is outlined as any motion that creates an intimidating, hostile or offensive work atmosphere. Such actions embrace, however will not be restricted to, sexual
harassment, disparaging feedback based mostly on gender, faith race or ethnicity.
Regulatory Compliance and Company Governance
SNGPL co-operates absolutely with all governmental and regulatory our bodies and is dedicated to excessive requirements of company governance. We comply absolutely with our obligations underneath the Itemizing Guidelines of the Pakistan Inventory Change Restricted.
Common
-
All data and explanations provided to the auditors should be full and never deceptive.
-
SNGPL won’t knowingly help in fraudulent actions (e.g. tax evasion, and many others.). If one has any cause to imagine that fraudulent actions are happening (whether or not inside the firm
or by others with whom the firm has enterprise), one should report it to the involved departmental head instantly.
-
All the monetary transactions will stay inside the ambit of Memorandum of Affiliation
and Articles of Affiliation of the Firm.
Current Board of Administrators
Mr. Muhammad Ismail Qureshi
Chairman
Mr. Muhammad Ismail Qureshi, was final Rector of Nationwide Faculty of Public Coverage (NSPP), Pakistan’s premier institute of public-servants’ coaching and schooling until December, 2016. He has over 40 years of expertise in public service and improvement. He served in lots of excessive positions in the Authorities of Pakistan together with: Secretary, Institution Division / Chairman, Board of Trustees, Federal Benevolent Fund & Group Insurance coverage, Secretary, Ministry of Water and Energy; Secretary, Ministry of Meals, Agriculture and Livestock; Extra Finance Secretary (Exterior Finance and Coverage), Ministry of Finance, Commerce Minister, Embassy of Pakistan; Paris; Director Common, Lahore Growth Authority; Extra Secretary Finance Division, Govt. of Punjab; Secretary Well being and Inhabitants, Govt. of Punjab.
Mr. Qureshi has been Alternate Governor, Multilateral Funding Assure Company (MIGA), World Financial institution; Everlasting Member, Nationwide Fee for Human Growth (NCHD); and Member, Common Physique, Pakistan Poverty Alleviation Fund (PPAF). He has been Chairman of Board of Administrators of the Worldwide Centre For Built-in Mountain Growth (ICIMOD), a regional inter governmental company for the Mountainous Areas of China, India, Bangladesh, Afghanistan, Myanmar and Pakistan underneath a UN constitution to
make this vital area greener, extra inclusive and local weather resilient. He additionally served as Vice Chairman of the Council,
a governing physique of the Meals & Agriculture Group (FAO) of the U.N. He was additionally a member of Pay and Pension Fee (2010) Authorities of Pakistan. He additionally led Authorities of Pakistan delegation in Pak-India water dispute and has been a member of Pakistan delegation on WTO’s Doha Growth Spherical negotiations in Geneva and Hong Kong. He has additionally been Chairman of Board of
Governors, NESPAK (Nationwide Engineering Companies Pakistan), and Director on the Board of Habib Financial institution (2nd largest financial institution
in Pakistan) and has served for a number of years on Board of Governors of Lahore College of Administration Sciences (LUMS) and Nationwide School of Arts (NCA). He initiated mission of establishing Pakistan Institute of Style and Design (PIFD) with the help of French designer Olivier Lapidus and French Faculty of Style, Paris throughout his keep in France. He’s at present Convener of the Search Committees to pick out Vice Chancellors of Punjab Public Universities.
Mr. Qureshi was born in Sargodha, has Regulation and Masters Diploma and Submit Commencement in Growth Administration from the College of Birmingham UK. He has additionally been related to many philanthropic organizations.
Mr. Amer Tufail
Managing Director / CEO
Mr. Ahmed Chinoy
Director
Mr. Amer Tufail, a seasoned skilled and a Chartered Accountant by qualification, at present serves as the Managing Director of Sui Northern Gas Pipelines Restricted (SNGPL), Pakistan’s main gasoline utility firm. With an illustrious profession spanning over 33 years, Mr. Tufail brings with him a wealth of diversified expertise throughout native and worldwide markets, having labored extensively with each non-public and public sector entities.
He joined SNGPL in 2004 and has since held a number of key administration and management positions, contributing considerably to the Firm’s strategic and operational excellence. Previous to becoming a member of SNGPL, he accrued wealthy skilled publicity by serving in giant nationwide and multinational organizations in Pakistan and overseas, together with key multilateral funding businesses.
His world expertise contains working with the Metropolis of Ottawa, Canada, the place he served as Senior Enterprise Supervisor, overseeing the advanced merger of eleven unbiased municipalities right into a unified Metropolis of Ottawa. His skilled journey is marked by hands-on experience in restructuring, capability constructing, institutional
strengthening, unbundling, and privatization initiatives for giant public sector entities throughout international locations resembling Pakistan, China, Bangladesh, Jordan, Zambia, and Poland.
Mr. Tufail has additionally labored with main worldwide banks, together with Chase Manhattan and the Financial institution of Tokyo, and has undertaken quite a few audit and consultancy assignments for a various clientele from the monetary companies, fertilizer, industrial, engineering, chemical, and public utility sectors. His consultancy expertise is complemented by his management coaching at famend worldwide establishments, together with packages organized by the World Financial institution.
He’s a Licensed Director and at present serves on a number of prestigious Boards, together with:
-
Lahore College of Administration Sciences (LUMS),
-
Pakistan Institute of Petroleum,
-
Public Sector Committee of the Institute of Chartered Accountants of Pakistan (ICAP).
In the previous, he has served on the boards of the Nationwide Energy Parks Administration Firm (overseeing Balloki and Haveli energy vegetation) and the Pakistan Cricket Board.
Mr. Tufail has additionally contributed to thought management in the fields of privatization and infrastructure improvement by means of a number of revealed works, notably:
-
“Influence Evaluation of Privatisation in Pakistan” – a examine financed and revealed by the Asian Growth Financial institution, co-authored with Dr. John Francis of the Adam Smith Institute of Finance, UK.
-
“Corporatisation, Leasing and Securitization in the Street Sector, China” – a report financed and revealed by the World Financial institution, co-authored with Dr. John McPherson and Mr. Greg Wooden, P.E.
-
By way of his huge and different expertise, Mr. Amer Tufail continues to play a pivotal function in steering SNGPL towards sustained development, innovation, and operational excellence.
Mr. Ahmed Chinoy, H.I, S.I is an elected Director on the Board of Sui Northern Gas Pipelines Restricted and Pakistan Inventory Change Restricted (PSX). He’s the Managing Associate of Arch Group of Corporations and is engaged in overseeing numerous companies resembling safety investments, textiles, actual property and poultry farming.Mr. Chinoy is certified from Institute of Price & Administration Accountants of Pakistan (ICMAP) and holds a graduate diploma in Commerce from College of Karachi. He’s additionally a licensed director from Pakistan Institute of Company Governance.
Mr. Chinoy is a outstanding enterprise and social determine in Pakistan. He has served the society in several capacities in the areas of company affairs, enterprise, schooling, well being, crime prevention and different social companies and has rendered invaluable companies to the nation in these fields. He has efficiently served as Chief of Citizen Police Liaison Committee, Sindh (a residents’ physique for prevention of crimes) from the yr
2010 to 2015. He has additionally been actively serving on the Boards of numerous hospitals and academic establishments and has been heading the Memon Group as the President of All Pakistan Memon Federation. He has additionally served a number of occasions on the Managing Committee of Federation of Pakistan Chamber of Commerce & Business and has additionally remained as Chairman of Pakistan Material Retailers’ Affiliation (the apex physique of textile exporters). For his companies to the individuals of Pakistan, he has been awarded prestigious nationwide awards of Hilal-e-Imtiaz (H.I.) and Sitara-e-Imtiaz (S.I.).
Mr. Chinoy is nominated by PSX to function Director on the Boards of Central Depository Firm of Pakistan Restricted, Nationwide Clearing Firm of Pakistan Restricted and Pakistan Mercantile Change Restricted. As well as, he additionally serves on the boards of numerous non-public and social establishments.
Ms. Faaria Rehman Salahuddin
Director
Faaria Rehman Salahuddin is a C-level skilled with a profession spanning 28 years in banking, academia and entrepreneurship with main establishments ANZ Grindlays, SCB, HBL, UBL, Financial institution Alfalah Ltd and Lahore College of Administration Sciences (LUMS) and extra not too long ago as the proprietor/supervisor of a heritage boutique lodge in Lahore. Her experience lies in delivering organizational turnarounds by means of synergies by strategic re-alignment of enterprise strains.
Faaria’s expertise spans Native and Regional Public and Personal sector enterprises with a deep understanding of each operational and credit score administration facet of company and retail banking. Her uncommon expertise makes her best to bridge
the silos at present prevalent in most organizations, permitting her to guide enterprise transformation by means of driving change in attitudes of groups, bringing them on a typical platform and unlocking innovation and creativity.
Faaria is at present dividing time as the Director Developments (Aitchison School, Lahore) and providing Consultancy Companies to numerous people, establishments and enterprise ventures. She can also be a Member of the Board of Administrators for Avanceon Ltd (https://www.avanceon.ae), JazzCash Pvt Ltd (https://www.jazzcash.com.pk), Sui Northern Gas Pipelines Ltd (https://www.sngpl.com.pk), Dubai Islamic Financial institution (dibpak.com), Ellcot Spinning Mills (Nagina Group; https://www.nagina.com) and a Member of the LUMS Monetary Assist Committee (https://www.lums.edu.pk) in addition to an Advisor for Lahore Biennale Basis (https://www.lahorebiennale.org) and the Walled Metropolis Lahore Authority (https://www.walledcitylahore.gop.pk). In 2018, she additionally efficiently restored a mid- twentieth century property and launched it as a heritage boutique lodge in Lahore,
Pakistan. The place titled “WUSAAQ” is her ardour mission and is taken into account a landmark in the area of hospitality in Pakistan each in idea and execution.
Her ardour for tradition and heritage can also be mirrored in her popularity as a significant patron and collector of native artwork and her involvement with Pakistan’s main artwork establishments.
Faaria holds an MBA from Lahore College of Administration Sciences (LUMS) and is a Rotary Worldwide – GSE Skilled Scholar to Bavaria, Germany. She has held Strategic Advisory roles as a Committee and Board member of numerous establishments like Allama Iqbal Medical School & Jinnah Hospital (AIMC/JH), Service Institute of Medical Sciences (SIMS)/Companies Hospital, Dairy Rural Growth Basis (DRDF), LUMS Monetary Assist and NOP, Administration Affiliation of Pakistan (MAP) and Pakistan Style Design Council (PFDC).
Current Board of Administrators
Mr. Arif Saeed graduated from the College of Oxford. He’s at present the Chairman of Service International Footwear Restricted and Chief Govt of Service Industries Restricted. He additionally serves as the Chairman of Engineering Growth Board (EDB) and Director on the Board of Service Lengthy March Tyres (Personal) Restricted in addition to Servis Basis. He has been the CEO of Dar Es Salaam Textile Mills Restricted. He was the founding Chairman of Quaid-e-Azam Photo voltaic Energy (Personal) Restricted, Quaid-e-Azam Thermal Energy (Personal) Restricted and the Nationwide Energy Parks Administration Firm (Personal) Restricted which efficiently arrange 4 main energy initiatives in the public sector. Mr. Saeed serves on the governing board of Aitchison School and is at present the President of the Pakistan Rugby Union. He has been Chairman of the All Pakistan Textile Mills Affiliation (APTMA) in addition to the Lahore Inventory Change. He’s additionally serving as Impartial Director on the Board of SNGPL.
Mr. Arif Saeed
Director
Mr. Jawad Paul Khawaja
Muhammad Ramzan is a seasoned, objective – oriented Civil Servant with over 36 years of expertise of working in several positions He has served as Joint Secretary in Ministry of inside, Prime Minister’s Workplace, Deputy Chief (Planning), Gilgit-Baltistan Council. Liaison and Logistic Officer in United Nation’s (UN) Peace Conserving Mission in Kosovo. He has contributed meritoriously in the area of basic administration, administration and governance. He has been awarded prestigious worldwide award UN’s Medal and nationwide President’s Civil Award “Tamgha-e-Imtiaz”.
He’s additionally a Director on the Board of GHPL and Mari Energies Restricted.
Mr. Muhammad Ramzan
Director
Director
Mr. Jawad Paul Khawaja has been serving as a civil servant for virtually 3 many years in the areas of public service supply, administration and administration, at present serving as Federal Secretary Commerce in the Authorities of Pakistan.
Mr. Khawaja holds fellowship of Chevening (2009) and Eisenhower (2017) and holds an L.L.M. from the College of Warwick, an M.B.A. from Lahore College of Administration Sciences, and a B.Sc. – Electrical Engineering from the College of Engineering and Expertise, Lahore.
Some of his notable assignments have been Registrar – Supreme Courtroom of Pakistan, Secretary Privatization, Secretary – Council of Widespread Pursuits, Extra Secretary – Prime Minister’s Workplace, Chief Commissioner – Islamabad Capital Territory, Joint Secretary – Prime Minister’s Workplace, Joint Secretary -Institution Division, Director – Pakistan Telecommunication Authority and people as an Assistant Commissioner in numerous districts of Punjab and Balochistan.
Current Board of Administrators
Mr. Osman Saifullah Khan
Director
Mr. Osman Khan at present serves as the Vice Chairman of the Saif Group, a diversified industrial and companies conglomerate headquartered in Islamabad. Mr. Khan joined the Saif Group in 1995, and has held a spread of strategic and working roles with the Group since that point. He serves as the Chairman of Saif Holding
Ltd, the Group’s holding firm, in addition to of the Group’s textile manufacturing companies. Osman Khan was previously Chief Govt Officer of Sky Electrical Pvt. Ltd, Pakistan’s quickest rising photo voltaic firm, and at present serves on the Board of Administrators of the firm. Mr. Khan is related to numerous trade advocacy platforms and is a member of the Pakistan Enterprise Council (PBC). He has served on the Advisory Committee to the Planning Fee of Pakistan, served as a member of the Coverage Board of the Securities and Change Fee of Pakistan (SECP) and is a member of the governing physique of the Ghulam Ishaq Khan Institute of Engineering Sciences (GIKI).
Mr. Osman Saifullah Khan was elected unopposed to the Senate of Pakistan in March 2012 for a six-year time period and represented the Federal Capital Islamabad. He was Chairman of the Senate Standing Committee on Science & Expertise and a member of the Senate Particular Committee on China Pakistan Financial Hall (CPEC).He additionally served on three different Senate Committees: (i) Finance (ii) Data Expertise & Telecommunications and (iii) Guidelines & Privileges. Senator Khan was the mover of the non-public member’s invoice, the Home Employees (Employment Rights) Invoice 2015, handed by the Senate on March 7, 2016. His time period in the Senate resulted in March of 2018.
Osman Khan has a Grasp’s diploma in Engineering, Economics and Administration from Christ Church, College of Oxford (1995), the place he was a Britannia Scholar and a Masters diploma in Enterprise Administration (MBA) from the Graduate Faculty of Enterprise, Stanford College (2009).
Ms. Saira Najeeb Ahmed
Director
Saira is a profession civil servant who joined the Authorities of Pakistan in 1998. She has expertise of working in financial coverage and implementation, overlaying the areas of energy, petroleum and mining, fiscal and commerce, company finance, financial diplomacy, worldwide improvement, regulation and compliance.
Ms. Ahmed is at present serving as Extra Finance Secretary for Exterior Finance at Ministry of Finance, as a staff lead for the IMF program and can also be accountable for industrial financing, multilateral portfolios for coverage based mostly financing from the World Financial institution and ADB. She has additionally served as Joint Secretary (Company Finance) in Finance Division.
Previous to assuming her tasks at the Ministry of Finance and Income in 2023, she has served as Joint Secretary (JV’s and Company Affairs), Petroleum Division, DG Nationwide Electrical Energy Regulatory Authority, Joint Secretary (Inside Finance and Banking), Joint Secretary (Exterior Finance Coverage) at Finance Division and Industrial Counsellor, Pakistan Excessive Fee, London. Saira has additionally served as Part Officer in the Financial Affairs Division on the USAID, AusAid, CIDA desk and in the Commerce Division on the SAFTA desk.
Throughout her profession, she has additionally labored on employees positions as Director to Finance Minister and Commerce Minister respectively.
Saira holds an M.Sc. diploma in Finance and Monetary Regulation, from SOAS, College of London.
Mr. Saadat Ali Khan
Director
Saadat Ali Khan has a formidable tenure of over 37 years at Sui Northern Gas Pipelines Restricted (SNGPL). He served in numerous capacities all through his profession. Having began in the group, he displayed his abilities and experience, which led him to imagine key management roles.
At SNGPL, Saadat held the place of Performing Common Supervisor (Administration), he effectively managed capabilities inside the firm. Throughout his tenure as Common Supervisor (Retail Gross sales), he performed a pivotal function in enhancing gross sales methods, buyer engagement, and total operational effectivity.
In the end, he retired as the Common Supervisor (HR) in October 2010, abandoning a legacy of profitable human useful resource administration inside the group.
All through his profession, he demonstrated a eager understanding of the significance of fostering a optimistic work tradition, worker improvement, and expertise acquisition to drive organizational success. Saadat Ali Khan additionally served as the Chief Supervisor of SNGPL Cricket Workforce for 5 years.
Mr. Tariq Iqbal Khan
Director
Mr. Tariq Iqbal Khan is a fellow member of Institute of Chartered Accountants of Pakistan, with diversified expertise of greater than 41 years. He was pivotal in
founding Islamabad Inventory Change the place he subsequently served as President as nicely. He has additionally served as the Member Tax Coverage & Co-ordination in the Central Board of Income, adopted by being appointed as Commissioner SECP, the place he was instrumental in restructuring the SECP. He additionally held the cost of Chairman SECP (performing) for a quick interval. He served on outstanding nationwide degree committees like Committee for formulation of Takeover regulation, CLA Committee for assessment of Securities & Change Ordinance 1969, Committee for formulation of CDC regulation & rules and Prime Minister’s Committee for Revival of Inventory Market. He served as the Chairman and MD of NIT for greater than 8 years, which performed the function of a catalyst in establishing, strengthening and stabilizing the capital markets. Moreover, throughout this era, he held the cost of Chairman & MD of ICP, for virtually 5 years. He has served on Boards of the high corporations like CDC, Faysal Financial institution Restricted, Financial institution Al-Habib Restricted, GSK, ICI, Siemens and Packages and many others. He has remained Chairman of Attock Refinery Restricted, Sui Northern Gas Pipelines Restricted,
Ok.P. Vitality Board, KPOGCL and Audit Oversight Board. Presently, he’s a member on the Boards of Nationwide Refinery Restricted, Packages Restricted, Silk Financial institution Restricted, Interloop Restricted and Pakistan Oilfields Restricted. Presently, he’s additionally serving as Chairman of Packages Convertors Restricted.
Mr. Imtiaz Mehmood
SGM (CA) / Firm Secretary
With an illustrious profession spanning over 30 years, Mr. Imtiaz Mehmood is a seasoned skilled with intensive experience in Audit, Accounts, Finance, Company, and Media Affairs. His journey has seen him excel in numerous pivotal roles, demonstrating distinctive management and strategic imaginative and prescient.
Earlier than his present function as Firm Secretary, Mr. Mehmood made important contributions as Chief Accountant (HO), Secretary Funds, and Deputy Firm Secretary. His versatility is additional highlighted by his management of the Media Affairs division for a yr and a half which displays his dynamic capabilities throughout various capabilities.
Mr. Mehmood is a distinguished fellow member of each the Institute of Price & Administration Accountants of Pakistan (ICMAP) and the Pakistan Institute of Public Finance Accountants (PIPFA). He additionally holds an MS in Enterprise Administration (Administration) and has enhanced his governance acumen with a Administrators Coaching Program certification from LUMS.
His dedication to steady skilled improvement is obvious from his participation in quite a few native and worldwide coaching programs, workshops, and conferences. At present, Mr. Mehmood can also be holding the Presidentship of the Sports activities Steering Committee of the Firm, additional displaying his multifaceted abilities. He has additionally made notable contributions as Chairman of the Technical Assist Committee at the Lahore Department Council of ICMAP.
Chief Monetary Officer & SGM (CA) / Firm Secretary
Mr. Kamran Akram is the Chief Monetary Officer since March 2024. Kamran’s profession spans over 25 years, the place he has constructed a deep understanding of power markets and possesses a breadth of expertise in regulatory compliance, utility fee making, inner controls, taxation, budgeting, and capital initiatives. Previous to becoming a member of Sui Northern, Kamran labored in Oil and Gas Regulatory Authority and KPMG. Kamran is a fellow member of the Institute of Chartered Accountants of Pakistan.
Mr. Kamran Akram
Chief Monetary Officer
