Waqar Ahmed Malik (SI)Chairman of the Board and Non – Executive Director

Qualification Fellow Member of the Institute of Chartered Accountants in England & Wales
Designation Managing Director, Fauji Foundation
Date of Joining 09/04/2020

Mr. Waqar Ahmed Malik (SI), is a senior corporate leader with over 35 years of Pakistan & global corporate sector experience. Dedicated to promoting business and investment, he is widely respected in the government, business, army and social circles of Pakistan.

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, he served with the British giant then ICI Plc UK Limited for 28 years in various roles including in Pakistan, UK, Americas and the Continent (Europe). His last role with them was as the Chief Executive ICI Pakistan Limited from 2005 to 2012.

His arrival commenced a true story of growth at Fauji Foundation adding US $ 1 Billion to its bottom line, while also enabling it to become the largest contributor of duties and taxes to the national exchequer.

He is also the Chairman of Pakistan Oxygen Limited (formally Linde Pakistan, a subsidiary of Linde AG) acquired by Adira Capital Holdings (Private) that he co- founded.

He is an Independent Non-Executive Director on PMCL (Jazz), subsidiary of VEON.

Formerly, Mr. Malik also served on the following prestigious boards:

  • Pakistan Petroleum Limited, 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)
  • Rafhan Maize Limited, Independent Non-Executive Director

He has been playing an instrumental role in the development of Pakistan’s regulatory system as well as for the advocacy to undertake economic reforms. Few of his other related roles are:

  • Director – State Bank of Pakistan (Central Bank of Pakistan)
  • President – Overseas Chamber of Commerce & Industry (OICCI)
  • President – Management Association of Pakistan (MAP)
  • Director – Pakistan Business Council (PBC)

Mr. Malik is also a member of the visiting faculty for Pakistan Institute of Corporate Governance, a Former Member of the Board of Governors of Lahore University of Management Science (LUMS), and a Former Member of the Board of Indus Valley School of Arts.

He participates actively in social and philanthropic activities through I–Care Foundation, as a Trustee, where he contributes to improve the quality of life of the underprivileged by enhancing the level of philanthropic support.

As a trustee of Duke of Edinburgh Trust Pakistan, he was awarded the “Prince of Wales Medal” for his role in the rehabilitation and recovery of flood victims in 2010.

Mr. Waqar Ahmed Malik (SI), joined Fauji Foundation as the Managing Director and Chief Executive Officer on 9th April 2020.

Presently, he is serving as Chairman on the Boards of following Fauji Group Companies:

  • Mari Petroleum Company Limited
  • Fauji Fertilizer Company Limited
  • Fauji Foods 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 Daharki 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 was awarded with “Sitara-e-Imtiaz” in 2022 for Public Service and Social Welfare.


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21, Mauve Area, 3rd Road,
G-10/4, Islamabad, Pakistan
Contact Information for investor related queries / grievances:
Mr. Muhammad Sajjad (Acting Company Secretary)
Tel: +92-51-111-410-410 (Ext. 483), Email: Muhammad.Sajjad@mpcl.com.pk