Mr. Tariq Bajwa is Chairman & Independent Director on PIAHCL Board since March 26, 2024. He is a retired Pakistani civil servant who served as the Finance Secretary and Economic Affairs Secretary of Pakistan. Mr. Bajwa also served as the 19th Governor of the State Bank of Pakistan and the 20th Chairman of the Federal Board of Revenue. Mr. Bajwa is a distinguished career civil servant who began his tenure in the Civil Service of Pakistan in 1981. His extensive experience spans various high-profile roles, including Assistant Commissioner, Deputy Commissioner, General Manager of PIA, Head of Pakistan's Trade Mission in Los Angeles, and leadership positions with the Earthquake Reconstruction & Rehabilitation Authority (ERRA) and the United Nations Development Programme (UNDP). Notably, he served as Secretary Finance for Punjab from 2010 to 2013, where he successfully stabilized provincial finances and introduced significant reforms, including pension reforms. He also played a crucial role as a Director on the Board of Bank of Punjab, contributing to a major turnaround in the bank's performance. In 2013, Mr. Bajwa was appointed Chairman of the Federal Board of Revenue (FBR), where he achieved substantial revenue growth and introduced the Filer/Non-Filer concept. Following this, he served as Secretary of the Economic Affairs Division and later as Secretary Finance until his retirement in June 2017, during which he also contributed as a Director on the Board of the State Bank of Pakistan. He holds a Master's degree in Public Administration from Kennedy School of Government, Harvard University - where he was awarded the prestigious Littauer Fellowship - and an LLB from the University of the Punjab, Lahore. He attended National Management Course at National School of Public Policy Lahore in 2009 as well as training at National Institute of Public Administration (NIPA) in 2004. His professional expertise and experience includes public policy formulation and implementation with specialization in public finance and taxation.

Lieutenant General (Retd) Muhammad Ali, Hilal-i-Imtiaz (Military) is a nominated Director on PIAHCL Board. He has been appointed as Secretary Ministry of Defence, Government of Pakistan on October 01, 2024. He was commissioned in Pakistan Army on March 10, 1989. He is a graduate of Command and Staff College Quetta, National Defence University Islamabad and College Interarmees de Defence France. He holds Master’s Degree in Arts and Science of Warfare from University of Baluchistan and M. Phil from National Defence University Islamabad. He has been on various command, staff and instructional appointments. Besides commanding his parent regiment, he has commanded Artillery of an Armoured Division, an Infantry Brigade, Strategic Forces South, an Infantry Division, Pakistan Military Academy and Army Strategic Forces Command. His staff appointments include Grade-3 Staff Officer (Operations) of an Independent Infantry Brigade Group, Brigade Major of an Infantry Brigade, Chief of Staff in a Strike Corps, Vice Chief of General Staff at General Headquarters and Quartermaster General of Pakistan Army. His instructional appointments include Platoon Commander at Pakistan Military Academy Kakul, Instructor Class ‘A’ at Command and Staff College Quetta and Directing Staff at National Defence University Islamabad. In recognition of his outstanding professional service, he has been conferred with the award of Hilal-e-Imtiaz (Military). He is also a director on the Board of Pakistan International Airlines Corporation Limited.

Mr. Imdad Ullah Bosal, Secretary Finance Division, is a nominated Director on PIAHCL Board since March 26, 2024. He is a career civil servant with over 28 years of experience in key administrative and policy making positions in the Government of Pakistan. Before joining as Finance Secretary on May 19, 2023, Mr. Imdad Ullah Bosal has held important positions of Secretary, Industries & Production and Chief Secretary Khyber Pakhtunkhwa (KPK). He has also worked as Additional Secretary (Expenditure) and Additional Secretary (Banking/Investment/Inter-governmental Finance) in Ministry of Finance in the years 2020-2022. Mr. Imdad Ullah Bosal has also served as Secretary to the Chief Minister Punjab, Special Secretary Finance (Punjab) and as Commissioner of two important regions of Punjab i.e. Rawalpindi and Lahore. He has done Masters of Public Policy from Blavatnik School of Government, University of Oxford and MSc. in Political Economy of Development (Distinction) from School of Oriental and African Studies (SOAS), University of London. He has been awarded national award of Sitara-e-Imtiaz for recognition of his contribution in public service by the Government of Pakistan. He is director on the Board of Pakistan International Airlines Corporation Limited. He is also a Member of PIAHCL Board Audit Committee.

Mr. Shazad Dada is an Independent Director on PIAHCL Board since March 26, 2024. He is a seasoned banker, strategist and trusted advisor. Mr. Shazad Dada has experience of more than 34 years. He has led multiple renowned financial institutions, driving profitability by turning around loss making divisions and strengthening their Investment Banking division. Currently, he is Founder and Managing Partner of "Dada Partners”, a boutique advisory firm providing Mergers & Acquisitions, Corporate Finance, Corporate Restructuring, Corporate Transformation, Private Equity, Debt and Green Financing to clientele within Pakistan and the MENA region. Mr. Dada started off in Deutsche Bank Securities Inc, New York and swiftly rose to the rank of Managing Director, Americas M&A, for Technology, Media and Telecommunications. Subsequently, he moved to Pakistan as Chief Executive Officer for Deutsche Bank, where he played a key role in turning around the franchise’s profitability. Thereafter, he joined Barclays Pakistan as Managing Director and Head of Regional Transaction Services Steering Committee for Asia, India, UAE and Pakistan. His last stint with an International Bank was as Chief Executive Officer for Standard Chartered Pakistan, after which he decided to spearhead one of Pakistan’s premier banks, United Bank Limited (UBL). Mr. Dada has held esteemed positions such as President Overseas Investor Chamber of Commerce and Industry (OICCI) Pakistan, Chairman Pakistan Bank’s Association and Chairman Pakistan Mercantile Exchange. He is a Certified Director from Pakistan Institute of Corporate Governance, accredited by the International Finance Corporation (IFC) and approved by Securities and Exchange Commission of Pakistan (SECP).Presently, he serves as Chairman of Board of Trustees for Development in Literacy. He is Chairman of PIAHCL Board Audit Committee.

Mr. Naeem Iqbal is an independent Director on PIAHCL Board since March 26, 2024. With a robust career in banking, he brings a wealth of experience from senior positions in both domestic and international banks across the Middle East. His notable roles include serving as Chairman and Managing Director of the Industrial Development Bank of Pakistan. In addition to his role at PIAHCL, Mr. Naeem Iqbal is Chairman of Exim Bank of Pakistan and also an Independent Director on the Boards of Islamabad Electric Supply Company (I.E.S.C.O.) and GENCO Holding Company Limited, further showcasing his extensive leadership in the industry. Mr. Naeem Iqbal’s academic credentials include being a Fellow of the Chartered Institute of Bankers in London since February 1985, holding a Diploma in Banking from the Chartered Institute of Bankers, and earning a Bachelor of Arts from the University of Punjab. He is a Member of PIAHCL Board HR & Legal Committee.

Mr Yousaf Khosa is an Independent Director on PIAHCL Board since March 26, 2024. Mr. Khosa stands out as one of Pakistan's premier corporate and dispute resolution lawyers, with a distinguished career that spans over two decades. As an Advocate of the Supreme Court of Pakistan, he leads the dispute resolution and corporate teams of his firm in Islamabad, showcasing unparalleled expertise in corporate litigation. His academic background is robust, including qualifications from the Barristers of Lincoln's Inn (BPP, London, 1997), Cardiff Law School (LLB Hons, 1996), and GC University (B.A. Political Science, 1993). This solid foundation has underpinned his extensive experience across various legal domains. Mr. Khosa has been a pivotal figure in the aviation sector, notably leading major transactions such as ATR financing and aircraft lease negotiations. His expertise was crucial in the New Islamabad International Airport Project, where he achieved a landmark arbitration award. Additionally, his distinguished reputation in infrastructure practice is marked by his involvement in high-profile construction projects both locally and internationally. Mr. Khosa’s proficiency spans various construction contracts and project structures, including BOT and BOOT models, and he offers extensive advisory services on contract management, claims, and dispute resolution. Mr. Khosa is renowned for his exceptional skills in arbitration, with a successful track record in both domestic and international disputes, recently recognized by ICC Paris for a major arbitration victory. His expertise extends to corporate and commercial law, where he excels in capital markets, mergers and acquisitions, and technology licensing, supported by extensive experience in high-value transactions and corporate governance. Additionally, Mr. Khosa has handled over 700 litigation cases across various sectors, including taxation, construction, and telecommunications. He is a leading authority in telecommunication law, advising clients in Pakistan and Afghanistan, and has made significant contributions to the oil and gas sector. His deep understanding of employment law further complements his practice, encompassing a wide range of labor regulations and corporate restructuring issues. With over 22 years of legal practice, Mr. Khosa has accumulated a wealth of experience across constitutional, corporate finance, tax, and international family matters. His achievements have been recognized with numerous international awards, including "Best Corporate Lawyer of the Year," and he is a respected visiting speaker at the National Judicial Academy in Islamabad. His memberships include the Punjab Bar Council, Supreme Court Bar Association, and the Honorable Society of Lincoln's Inn. He is a Certified Director from Pakistan Institute of Corporate Governance, accredited by the International Finance Corporation (IFC) and approved by Securities and Exchange Commission of Pakistan (SECP). He is Chairman of PIAHCL Board HR & Legal Committee.

Syed Zibber Mohiuddin is an Independent Director on PIAHCL Board since March 26, 2024. During his carrier he has held several key leadership and entrepreneurial positions over the last 27 years. Currently, Mr. Mohiuddin is the CEO of Panasian Group and Vice Chairman of VPL Limited. He is serving as a director on the Boards of several private and public limited companies including Engro Enfrashare. From 2002 till 2009 he was the President of Ericsson in Pakistan. From 2002 till 2005 Mr. Mohiuddin served on the Management Board of Ericsson’s Southeast Asia region comprising ten countries, while serving from 2005 till 2009 on the Management Board of Ericsson Middle East covering fourteen countries. Under Mr. Mohiuddin’s leadership, Ericsson in Pakistan grew from a workforce of 39 employees to over 1900 while being responsible for implementing and managing mobile networks with over 20 million subscribers. Prior to Ericsson, Mr. Mohiuddin worked for various companies in United States, Europe and Asia namely Merrill Lynch, Prudential Securities and IBM. Mr. Mohiuddin earned a Bachelor of Business Administration in Finance, from The George Washington University in 1991 and a Master of Business Administration in International Business from The George Washington University in 1994. During 2006 to 2007, he completed an Executive Development Program at Columbia University, Graduate School of Business. He is a Certified Director from Pakistan Institute of Corporate Governance, accredited by the International Finance Corporation (IFC) and approved by Securities and Exchange Commission of Pakistan (SECP). He is a Member of PIAHCL Board Audit Committee.

Mr. Asad Rasool was appointed as the Chief Executive Officer of PIA Holding Company Limited on April 10, 2025. He brings with him over 20 years of extensive and proven experience in Transaction Advisory, global Equity Capital Markets (ECM) and Corporate / Commercial Banking. His corporate finance advisory experience spans across privatisation, public private partnership (PPP), mergers and acquisitions (M&A), corporate restructuring, enterprise valuations, and both buy-side and sell-side due diligences. He has worked across a diverse range of sectors including financial services, exploration and production (E&P), industrials, airlines, real estate, and telecommunications. Prior to assuming his current role, Mr. Rasool served as a Financial Advisor to the Ministry of Defence / Aviation, Government of Pakistan. He also held the position of Senior Transaction Advisory Manager at the Privatisation Commission of Pakistan, where he led complex privatisation mandates and provided strategic input on key privatization initiatives. Additionally, his role as Advisor on Privatisation (Finance & Markets – Global Practices) at the World Bank Group underscores his commitment to promoting economic efficiency and transparency within public sector enterprises. Mr. Rasool is a member of the Institute of Chartered Accountants Australia & New Zealand (CA ANZ). He holds a Master’s degree in Commerce from the University of New South Wales, Australia, and a Bachelor’s degree in Civil Engineering from the University of Engineering and Technology (UET), Lahore. He is serving as Director on the Board of Pakistan International Airlines Corporation Limited, PIA Investment Limited, Skyrooms Private Limited and Sabre Travel Network Pakistan (Private) Limited. He is also a Member of PIAHCL Board HR & Legal Committee.

Mr. Hammad Shamimi is a nominated Director on PIAHCL Board. He has more than 31 years of work experience in administration and project management in a variety of core disciplines in the public sector. Exposure in policy planning and implementation, governance structures and reforms and service delivery mechanisms are some of his areas of strength. He did his Masters in English Literature from Government College, Lahore in 1990. Later on, he also completed his degree in Development Studies from Japan (2005) and MBA in HRM. Before joining the Privatisation Division, he worked as Additional Secretary in the Cabinet Division and Climate Change Division. He has also served as Consultant, Asian Development Bank and Project Director World Bank and UNDP. He is also a member of Pakistan’s Civil Services. He is also a director on the Board of Pakistan International Airlines Corporation Limited.

Mr. Asad Rasool was appointed as the Chief Executive Officer of PIA Holding Company Limited on April 10, 2025. He brings with him over 20 years of extensive and proven experience in Transaction Advisory, global Equity Capital Markets (ECM) and Corporate / Commercial Banking. His corporate finance advisory experience spans across privatisation, public private partnership (PPP), mergers and acquisitions (M&A), corporate restructuring, enterprise valuations, and both buy-side and sell-side due diligences. He has worked across a diverse range of sectors including financial services, exploration and production (E&P), industrials, airlines, real estate, and telecommunications. Prior to assuming his current role, Mr. Rasool served as a Financial Advisor to the Ministry of Defence / Aviation, Government of Pakistan. He also held the position of Senior Transaction Advisory Manager at the Privatisation Commission of Pakistan, where he led complex privatisation mandates and provided strategic input on key privatization initiatives. Additionally, his role as Advisor on Privatisation (Finance & Markets – Global Practices) at the World Bank Group underscores his commitment to promoting economic efficiency and transparency within public sector enterprises. Mr. Rasool is a member of the Institute of Chartered Accountants Australia & New Zealand (CA ANZ). He holds a Master’s degree in Commerce from the University of New South Wales, Australia, and a Bachelor’s degree in Civil Engineering from the University of Engineering and Technology (UET), Lahore.