Board of Directors 2008-2009

Mr. R.A. Chughtai is the nominee director of the Islamabad Stock Exchange. He is a banker by profession having 37 years extensive experience of banking. He has served the State Bank of Pakistan as Deputy Governor. He has been President and Chief Executive of Zari Traqiati Bank Limited. Besides having directorship in the National Commodity Exchange Limited, he has also been Chairman of the Islamabad Stock Exchange in 2006. Presently, Mr. Chughtai is the President and CEO of SME Bank Limited.

Mr. Aftab Ahmad Ch. has been the Managing Director/Chief Executive Officer of the Islamabad Stock Exchange since 2002. He is a graduate of Nicholls State University, LA, USA with an MBA degree. Mr. Aftab is also the member on the Boards of National Clearing Company of Pakistan Limited, National Commodity Exchange Limited and JCR-VIS Credit Rating Company of Pakistan. Mr. Aftab also holds the postion of Secretary General of South Asian Federation of Exchanges (SAFE).

Mr. Mohammad Afzal Khan is the nominee director of the Islamabad Stock Exchange. He has been Chairman of OGDCL, Chairman and Chief Executive of Pakistan Refinery Limited and Pakistan Oilfields, director of Attock Oil Company, Member of Privatization Commission and Petrolium Advisory Council and also Chairman Oil Advisory Committee. Mr. Khan is MA in Economics from Cambridge University. Presently he is the Chairman of Biafo Industries Limited, a known explosives making company.

Mr. Waseem-ul-Haq Malik is the nominee of Malik Securities (Pvt.) Limited, Corporate Member ISE. He is elected director of the ISE. Mr. Malik has extensive experience of stock business.

Mian Humayun Parvez is the nominee of M/s. Mian Parvez Aslam Securities (Pvt.) Limited, Corporate Member, ISE. He is elected director on the Board of the Exchange. Mian Humayun Parvez possesses extensive experience of brokerage business.

Ch. Iftikhar Ahmad is the nominee of M/s. SIS Securities (Pvt.) Limited, Corporate Member, ISE. He is elected director of the Board of Directors of the Exchange. He has a vast experience of equity market.

Mr. Aslam Khaliq is the SECP’s nominee on the Board of ISE. He is currently serving Pakistan Tobacco Company as Chairman of the Board. He has vast experience of over 30 years of Corporate and Regulatory Environment. He is also Director of the Board of Lahore University of Management Sciences (LUMS), Oil and Gas Development Company Limited (OGDCL), National Database and Registration Authority (NADRA), Intellectual Property Organization of Pakistan (IPO-Pakistan), Jahangir Siddiqui Capital Markets Limited and Pakistan Atomic Energy Commission of Bio Sciences (Pvt) Limited.

Syed Mukhtar Hussain Jaffery is the nominee of M/s. Unex Securities (Pvt.) Limited, Corporate Member, ISE. Mr. Jaffery is charetered accountant by profession. He has also extensive experience of the stock market. He is elected director on the Board.

Mr. Farrukh Younas Khan is the nominee of M/s. Y.S. Stock (Pvt.) Limited, Corporate Member ISE. He has been in the stock business for the last many years. He is elected director on the Board

Mr. M. Shahid Sadiq is nomine director on the Board of Directors of the Exchange. He is Charted Accountant by profession. He is senior partner of A.F Furguson Company, Islamabad.