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Corporate Governance

Syed Babar Ali

As an entrepreneur and industrialist, Syed Babar Ali envisioned and set up
Packages Limited (Pakistan’s largest paper & board mill). Read more

Syed Babar Ali

As an entrepreneur and industrialist, Syed Babar Ali envisioned and set up Packages Limited (Pakistan’s largest paper & board mill). Read more

Board of Directors

Mr. Atif Aslam Bajwa


(Chairman & Non-Executive Director)


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Syed Hyder Ali


Managing Director & CEO


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Syed Shahid Ali


(Non-Executive Director)


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Mr. Hasan Askari


(Non-Executive Director)


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Ms. Saba Kamal


(Independent Director)


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Mr. Shahid Malik


(Non-Executive Director)


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Syed Aslam Mehdi


( Executive Director)


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Mr. Josef Meinrad Mueller


(Non-Executive Director)


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Mr. Sagheer Mufti


(Independent Director)


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Mr. Osman Khalid Waheed


(Independent Director)


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Board of Directors

Mr. Atif Aslam Bajwa


(Chairman & Non-Executive Director)


(Click for more detail)

Syed Hyder Ali


Managing Director & CEO


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Syed Shahid Ali


(Non-Executive Director)


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Mr. Hasan Askari


(Non-Executive Director)


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Ms. Saba Kamal


(Independent Director)


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Mr. Shahid Malik


(Non-Executive Director)


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Syed Aslam Mehdi


( Executive Director)


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Mr. Josef Meinrad Mueller


(Non-Executive Director)


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Mr. Sagheer Mufti


(Independent Director)


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Mr. Osman Khalid Waheed


(Independent Director)


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Audit & Risk Management Committee

Mr. Hasan Askari


(Chairman)

Mr. Atif Aslam
Bajwa


(Member)

Mr. Osman Khalid
Waheed


(Member)

Syed Shahid
Ali


(Member)

Mr. Tariq Iqbal
Khan


(Member)

Mr. Soban Waqar


(Secretary)

Terms Of Reference

Audit Committee

Mr. Hassan Askari


(Chairman)

Mr. Atif Aslam
Bajwa


(Member)

Syed Aslam
Mehdi


(Member)

Syed Shahid
Ali


(Member)

Mr. Tariq Iqbal
Khan


(Member)

Mr. Soban Waqar


(Secretary)

Terms Of Reference

Human Resource Committee

Ms. Saba Kamal


(Chairperson)

Mr. Towfiq Habib Chinoy


(Member)

Syed Hyder Ali


(Member)

Mr. Josef Meinrad Mueller


(Member)

Mr. Atif Aslam
Bajwa


(Member)

Mr. Hasan
Askari


(Member)

Mr. Jawad Gilani


(Secretary)

Terms Of Reference

Human Resource Committee

Ms. Saba Kamal


(Chairperson)

Mr. Towfiq Habib Chinoy


(Member)

Syed Hyder Ali


(Member)

Mr. Josef Meinrad
Mueller


(Member)

Mr. Atif Aslam
Bajwa


(Member)

Mr. Jawad Gillani


(Secretary)

Terms Of Reference

IT & Digitization Committee

Ms. Saba Kamal


(Chairperson)

Mr. Osman Khalid Waheed


(Member)

Mr. Atif Aslam
Bajwa


(Member)

Terms Of Reference

IT & Digitization Committee

Ms. Saba Kamal


(Chairperson)

Mr. Atif Aslam Bajwa


(Member)

Mr. Faizan Mahmood


(Secretary)

Terms Of Reference

Executive Committee

Syed Hyder Ali


(Chairman)

Syed Aslam Mehdi


(Member)

Ms. Iqra Sajjad


(Secretary)

Terms Of Reference

Executive Committee

Syed Hyder Ali


(Chairman)

Syed Aslam Mehdi


(Member)

Ms. Iqra Sajjad


(Secretary)

Terms Of Reference

Sustainability Committee (ESG)

Mr. Osman Khalid Waheed


(Chairman)

Ms. Saba Kamal


(Member)

Terms Of Reference

Executive Committee

Syed Hyder Ali


(Chairman)

Syed Aslam Mehdi


(Member)

Ms. Iqra Sajjad


(Secretary)

Terms Of Reference

Auditors & Legal Advisor

Auditors

A.F. Ferguson & Co.


Chartered Accountant & Member firm of the PwC Network

Legal Advisor

Hasan & Hasan Advocates

Auditors & Legal Advisor

Auditors

A.F. Ferguson & Co.


Chartered Accountant & Member firm of the PwC Network

Legal Advisor

Hasan & Hasan Advocates

Pattern of Shareholding

Pattern of Shareholding


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Pattern of Shareholding

Shareholding Pattern


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Pattern of Shareholding


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MR. ATIF ASLAM BAJWA

Chairman &Non-Executive Director

Mr. Atif Bajwa is the Chief Executive Officer and Director of Bank Alfalah Limited and has a distinguished career of more than 40 years in banking, both in Pakistan and internationally. He studied at Columbia University in New York and began his professional career with Citibank in 1982.

Over the years, he has held several senior leadership roles at major local and multinational financial institutions. These include serving as President and CEO of MCB Bank Limited and Soneri Bank Limited, Regional Head for Central and Eastern Europe at Citigroup, Head of Consumer Banking for the Asia Pacific region at ABN AMRO, and Country Manager of ABN AMRO Pakistan.

In addition to his corporate roles, Mr. Bajwa has been actively engaged in business advocacy, social initiatives, and public-interest organizations. He previously served as Chairman of the Pakistan Business Council and President of the Overseas Investors Chamber of Commerce and Industry, contributing to policy dialogue and economic development initiatives.

Currently, he serves as a director on the boards of several organizations, including Alfalah Insurance Company Limited, Avant Hotels (Pvt.) Limited, Karachi Education Initiative, Minhal Finance S.A., PIA Investment Limited, Acamas Ventures Holding Limited, Aga Khan Development Network, Alfalah Asset Management Limited, Roosevelt Hotel Corporation N.V., and Pakistan Banks Association. He is also a certified director through the Pakistan Institute of Corporate Governance.

SYED HYDER ALI

Managing Director and CEO

Syed Hyder Ali joined Packages Limited in July 1987 and currently serves as its Managing Director and Chief Executive Officer, as well as the CEO of IGI Holdings Limited. He holds a Master of Science degree from the Institute of Paper Chemistry.

In addition to these roles, he is also the CEO of Packages Convertors Limited and serves as a director on the boards of several companies. These include IGI Life Insurance Limited, IGI General Insurance Limited, IGI Investments (Private) Limited, Nestlé Pakistan Limited, Packages Real Estate (Private) Limited, Packages Lanka (Private) Limited, Tri-Pack Films Limited, Hoechst Pakistan Limited, Bulleh Shah Packaging (Private) Limited, Packages Trading FZCO, and Flexible Packages Convertors (Pty) Limited.

He is also actively involved with several philanthropic and non-profit organizations, serving on the boards of the National Management Foundation, Pakistan Centre for Philanthropy, Babar Ali Foundation, and the Syed Maratib Ali Religious & Charitable Trust Society.

Additionally, Mr. Ali contributes to various educational, charitable, and business organizations, including the Ali Institute of Education, International Chamber of Commerce, Lahore University of Management Sciences, Pakistan Business Council, and the World Wide Fund for Nature, where he serves as a member of the Advisory Council. He is also a Trustee of the Packages Foundation and acts as an advisor to the board of directors of StarchPack (Pvt.) Limited.

SYED SHAHID ALI

Non-Executive Director

Syed Shahid Ali serves as a Non-Executive Director of the company. He is also the Chairman of Treet Corporation Limited and Gulab Devi Chest Hospital.

Additionally, he sits on the boards of numerous organizations, including First Treet Manufacturing Modaraba, Global Assets (Private) Limited, Hi-Tech Alloy Wheels Limited, IGI Holdings Limited, Loads Limited, Multiple Autoparts Industries (Private) Limited, Renacon Pharma Limited, Specialized Autoparts Industries (Private) Limited, Specialized Motorcycles (Private) Limited, Treet Battery Limited, Treet Holdings Limited, Al Aleem Medical College, CAZ Real Estate Limited, Gulab Devi Educational Foundation, IGI Life Insurance Limited, Treet Corporation Limited, Treet Packaging Limited, and Treet Power Limited. He is also a member in Tri-Pack Films Limited.

Apart from his corporate responsibilities, Mr. Ali is actively involved in social and cultural initiatives. He contributes to the governance of several hospitals and charitable institutions, including serving as the President of Liaquat National Hospital.

MR. HASAN ASKARI

Non-Executive Director

Mr. Hasan Askari serves as an Independent Director on the Board of Packages Limited and brings extensive experience in investment banking, particularly in advisory services and debt capital markets.

Earlier in his career, he held a senior leadership role at Old Mutual plc, where he supervised the group’s operations across the United Kingdom, Europe, and Asia. He was also among the five senior executives responsible for overseeing the company’s global operations. At the time, Old Mutual plc was listed on the London Stock Exchange with a market capitalization exceeding £20 billion. Beyond his corporate responsibilities, Mr. Askari is actively involved in philanthropic initiatives. He serves as a trustee of the Packages Foundation and a director of the Hasan Askari Foundation. The Hasan Askari Foundation supports ‘The Haveli’ Museum, a unique institution dedicated to the preservation and exhibition of Pakistan’s heritage textiles. He is also a certified director through the Pakistan Institute of Corporate Governance.

MS. SABA KAMAL

Independent Director

Ms. Saba Kamal brings over three decades of experience in the field of Information Technology, including 20 years in senior leadership roles with IBM in Pakistan and internationally. She holds an MBA from the Institute of Business Administration Karachi and has completed several professional certifications and executive training programs at IBM centers as well as at INSEAD, Boston University, and China Europe International Business School.

Ms. Kamal is also a certified director through the Pakistan Institute of Corporate Governance. She currently serves on the Board of Habib Bank Limited, Younus Textile Mills Limited and is a member of the Board of Governors of the Institute of Business Administration Karachi.

MR. SHAHID MALIK

Non-Executive Director

Mr. Shahid Malik is the Group Managing Director of Hilton Pharma (Pvt.) Limited, one of Pakistan’s largest national pharmaceutical companies, with a strong presence in human pharmaceuticals, animal health, and biotechnology. He also serves as the Chief Executive Officer of Hinucon (Pvt.) Limited, a leading company in nutrition and natural health products.

Mr. Malik has been instrumental in driving the Group’s growth and diversification, leading its international expansion, strategic investments in private and public listed entities, and ventures into new growth sectors.

He holds a degree in Economics and Finance from the NYU Stern School of Business, New York, and has completed multiple executive education programs at INSEAD, London Business School, and IMD.

SYED ASLAM MEHDI

Executive Director

Syed Aslam Mehdi serves as Executive Director and Group Head External Affairs. He holds a Master’s degree in Business Administration from the Institute of Business Administration Karachi and has held several roles within the Packages Group over the years. He previously served as General Manager at Packages Limited from September 2008 to September 2014.

Currently, he is a member of the Board of Directors of Bulleh Shah Packaging (Private) Limited, DIC Pakistan Limited, Packages Real Estate (Private) Limited, Packages Lanka (Private) Limited, and Packages Convertors Limited. In addition to his corporate responsibilities, he contributes to several educational and philanthropic organizations, serving on the boards of Ali Institute of Education, and the Babar Ali Foundation. He is also a Trustee of the Packages Foundation and a certified director through the Institute of Chartered Accountants of Pakistan

MR. JOSEF MEINRAD MUELLER

Non-Executive Director

Mr. Josef Meinrad Mueller serves as a Non-Executive Director of the company. Born in Switzerland, he earned his MBA from IMD Lausanne (formerly IMEDE), where he also served as Executive-in- Residence.

Mr. Mueller brings over 40 years of global management experience with the Nestlé Group, having held senior leadership roles across both established and emerging markets. He is well acquainted with Pakistan, having served as Managing Director of Nestlé Pakistan Limited from 1992 to 1995. Among his international leadership roles, he notably served as CEO and Chairman of Nestlé in the Greater China Region. Since retiring from Nestlé, Mr. Mueller remains actively engaged in the global business community as an independent advisor.

Mr. Sagheer Mufti

Independent Director

Mr. Sagheer is the Chief Operating Officer, HBL. He is responsible for building a corporate culture based on operational excellence and technological capabilities, for the fulfilment of client services to over 27 million HBL customers in 15 countries. He overseas the Bank’s operations, shared services, and control functions including Cyber Security, Business Continuity, Legal, Marketing and also leads HBL’s Digital Transformation agenda.

He served as the COO for ADIB based in Abu Dhabi, prior to his current role, and worked 34 years at Citi in different management and leadership roles where he led various enterprise transformation programs and business redesign responsibilities regionally and globally. In his last role at Citi he served as the Global Head of Anti Money Laundering Operations.

Mr. Sagheer has done his Master’s in Business Administration from The George Washington University. He has more than 40 years of experience within the financial services industry.

He is currently serving on the Boards of the following entities HBL Bank UK Limited, Diamond Trust Bank Kenya Limited, Jubilee Holdings Limited, Investment and Credit Bank of Tajikistan, (formerly First Microfinance Bank, Tajikstan).

MR. OSMAN KHALID WAHEED

Independent Director

Mr. Osman Khalid Waheed is the Chief Executive Officer and Director of Ferozsons Laboratories Limited, joining the company in 1993 after completing his undergraduate degree at Harvard University in the United States. Before becoming CEO in 1999, he gained experience in logistics, sales, and marketing within the company. Under his leadership, Ferozsons expanded its portfolio of medical solutions for serious illnesses through partnerships with leading international firms.

Mr. Waheed is also actively involved in educational and business organizations, serving as a Trustee of Lahore University of Management Sciences. He holds board positions at BF Biosciences Limited, and Centre of Economic Research in Pakistan.