At A Glance | Pakistan Petroleum Limited

Overview

The pioneer of the natural gas industry in the country, Pakistan Petroleum Limited (PPL) has been a frontline player in the energy sector since the mid-1950s. As a major supplier of natural gas, PPL today contributes over 20 percent of the country’s total natural gas supplies besides producing crude oil, Natural Gas Liquid and Liquefied Petroleum Gas.

Vision

To achieve energy self-sufficiency for Pakistan by becoming the most successful and efficient discoverer and producer of oil and gas

Mission

To serve the people of Pakistan in an area critical to their economic development by employing, training and developing the best people available and empowering them to deliver extraordinary results while insisting that they conform to the highest standards of professional and ethical conduct

Core Values

The Core Values of Pakistan Petroleum Limited (PPL) are Value Creation, Respect, Integrity, Serve the Nation and Empowerment.

Value Creation:

We are thought leaders for fresh ideas and agile execution. We ensure excellence in all spheres of performance.

Recognizing and respecting individual differences and collaboration drives teamwork for high performance

PPL remains committed to serving the nation through ensuring required energy supplies

PPL believes in value creation through innovation hard work and commitment

Code of Conduct

The company has adopted a comprehensive Code of Conduct (codes) for members of the Board of Directors and employees. The code defines acceptable and unacceptable behaviour, provides guidance to Directors/ employees in specific situations that may arise and foster a culture of honesty, accountability and high standards of personal and professional integrity.

Shahab Rizvi

Chairman

Mr. Shahab Rizvi was elected a member of the Board of Directors of Pakistan Petroleum Limited on December 23, 2020 and serves as its Chairman. He is also Chairman of the Board Human Resource Committee and a member of Board Strategy & Finance, Enterprise Risk and Procurement committees.

A seasoned professional with nearly four decades of diverse…

Abid Sattar

Director

Mr. Abid Sattar was re-elected as a member of the Board of Directors on December 23, 2020. He is a member of Board Human Resource and Nomination committees.

Mr. Sattar is a seasoned banker with over 36 years of extensive experience in corporate, consumer and retail banking, both in Pakistan and overseas. Earlier, he was serving as President and Chief Executive Officer of Askari Bank Limited. He was also associated with Habib Bank Limited (HBL) for over a decade, managing key…

Mian Imtiazuddin

Director

Mian Imtiazuddin was re-elected as a member of the Board of Directors on December 23, 2020. He is also a director on the boards of PPL Europe E&P Limited and PPL Asia E&P B.V.. In addition, he is the Chairman of Board Strategy & Finance and Enterprise Risk Committees as well as a member of Board Audit and Procurement Committees.

A seasoned professional with nearly 50 years of multi-dimensional experience in the oil and gas industry, Mr. Imtiazuddin has worked with major…

Aftab Ahmad

Director

Mr. Aftab Ahmad was elected as a member of the Board of Directors on December 23, 2020. He is a member of the Board Audit, Human Resource, Strategy & Finance and Enterprise Risk Committees. He is also a director on the Board of PPL Europe E&P Limited.

Mr. Ahmad is a seasoned professional with over 30 years of experience in finance and accounts, strategic business planning, project management, financial management and planning, budgeting and management reporting for oil and…

Imtiaz Ahmed Husain Laliwala

Director

Mr. Imtiaz Ahmed Husain Laliwala was elected as a member of the Board of Directors on December 23, 2020. He is the Chairman of Board Audit Committee and also a member of Board Nomination Committee.

A fellow member of the Institute of Chartered Accountants of Pakistan (ICAP) as well as a member of Chartered Professional Accountants, Ontario, Canada. He has nearly four decades of rich experience with leading chartered accountancy firms at home and abroad.

Mr. Laliwala remained…

Khurshid Bhaimia

Director

Ms. Khurshid Bhaimia was elected as a member of the Board of Directors on December 23, 2020. She is a member of Board Nomination and Procurement Committees. She is also a director on the Board of PPL Asia E&P B.V.

Ms. Khurshid Bhaimia is a seasoned lawyer with extensive corporate experience, especially with the banking sector.

She started her career in 1983 with Surridge and Beecheno and later joined Orr Dignam and Co as Senior Associate. She joined Citibank (NA) Pakistan…

Imran Abbasy

Managing Director & Chief Executive Officer

Imran Abbasy joined Pakistan Petroleum Limited (PPL) as Managing Director and Chief Executive Officer on September 21, 2022. He is also a member of the Board Human Resource and Strategy & Finance committees.

Abbasy is a director of the Company’s wholly-owned subsidiaries PPL Asia E&P B.V. and PPL Europe E&P Limited. He is also a director on the Board of Pakistan International Oil Limited.…

Awais Manzur Sumra

Director

Mr. Awais Manzur Sumra joined Pakistan Petroleum Limited’s Board of Directors on December 29, 2021. He is Chairman of the Board Nomination Committee and a member of the Board Audit Committee.

Mr. Sumra is a seasoned professional with nearly 30 years of experience in serving the federal and provincial governments as a member of Pakistan Administrative Service. He is currently working as Special Secretary, Ministry of Finance since June 2022.

Since his first posting as…

Abdul Aziz Uqaili

Director

Mr. Abdul Aziz Uqaili joined Pakistan Petroleum Limited’s Board of Directors on July 27, 2022. He is the member of Board Nomination and Enterprise Risk committees.

Mr. Uqaili is a seasoned professional with over 29 years of diversified experience in Public Administrative Service at the national, provincial and local levels. He represented Pakistan internationally on diplomatic/ consular assignments for over eight years. He was consul general & trade commissioner in Australia and…

Captain (Retd.) Muhammad Mahmood

Director

Capt. (Retd.) Muhammad Mahmood joined Pakistan Petroleum Limited’s Board of Directors on October 20, 2022. He is a member of the Board Human Resource, Board Strategy & Finance and Board Enterprise Risk Currently serving as Additional Secretary (Incharge), Ministry of Energy (Petroleum Division), Mr. Mahmood is a seasoned professional with nearly three decades of diverse and integrated experience in public policy, development, finance and trade, local and national governance and bilateral…

Captain (Retd.) Muhammad Anwar ul Haq

Director

Captain (Retd.) Muhammad Anwar ul Haq

Board Committees

The Pakistan Petroleum Limited Board has established six committees for effective governance of the company. The composition, role and responsibilities of these committees are clearly highlighted in their respective Terms of References.

Imran Abbasy

Managing Director & Chief Executive Officer

Imran Abbasy joined Pakistan Petroleum Limited as Managing Director and Chief Executive Officer on September 21, 2022.

Abid Ashfaque Malick

Chief Operating Officer

Abid Ashfaque Malick joined Pakistan Petroleum Limited (PPL) in 1993 as Deputy Stores Officer in Material and Contracts, now Procurement Department, at head office.

Mohammad Khalid Rehman

Deputy Managing Director/ Chief Financial Officer

A seasoned professional with more than 30 years of national and international experience, Mohammad Khalid Rehman joined Pakistan Petroleum Limited (PPL) in 2009 as Chief Accountant in Finance Department.

Muhammad Afzal Siddiqi

General Manager Procurement

A seasoned professional with around 28 years of experience, mainly in the oil and gas industry, Muhammad Afzal Siddiqi joined Pakistan Petroleum Limited in September 1994 as Junior Executive with Materials and Contracts (M&C) Department.

Munir Hasan Ali

General Manager Internal Audit

Munir Hasan Ali is a seasoned professional with over 28 years of experience. He joined Pakistan Petroleum Limited in February 1991 as Assistant Internal Auditor.

Fazal Hussain Gaffoor

Head of Corporate Planning

Fazal Hussain Gaffoor joined Pakistan Petroleum Limited (PPL) in July 2015 as Manager Internal Audit. He was promoted to Senior Manager Internal Audit on July 1, 2016 and later as General Manager Internal Audit on May 12,2017.

Mujahid Ali

General Manager Exploration (New Ventures and International/ Unconventional)

Mujahid Ali is a seasoned professional with over 30 years of diverse experience both local and international in the exploration and production industry.

Dr. Shujjat Ahmed

General Manager (Gambat South/Hala/Mazrani)

A seasoned professional, Dr. Shujjat Ahmed has nearly 30 years of multifaced experience in the oil and gas, manufacturing, and development project financing fields at home and abroad.

Farooq Azam Shah

General Manager (Sui & Kandhkot)

Farooq Azam Shah is a seasoned professional, well-versed with oil and gas industry, particularly production, refining, processing and commercial and regulatory aspects, for over 30 years.

Syed Mahmood ul Hassan

General Manager Shared Services

Brigadier Syed Mahmood ul Hassan (Retired), joined Pakistan Petroleum Limited in November 2016 as Senior Manager Security and Lands (SMS&L), bringing in diversified experience of 32 years in the forces.

Ali Jaffar

General Manager Legal and Commercial/ Company Secretary

Ali Jaffar is a professional lawyer with 24 years of post-qualification experience. He joined Pakistan Petroleum Limited (PPL) in May 2016 as Manager Legal. Since then, he has been a key member of the company’s Legal & Commercial team.

Functions/Departments

PPL-held Interest: November 20, 2022

Associated Companies

Bolan Mining Enterprises

Bolan Mining Enterprises (BME) is a joint venture between the Government of Balochistan (GoB) and Pakistan Petroleum Limited (PPL), each sharing a 50 percent working interest. B

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PPL Asia E&P B.V.

Pakistan Petroleum Limited (PPL) has established a wholly-owned subsidiary, PPL Asia E&P B.V., having corporate seat in Amsterdam, Kingdom of Netherlands, for exploration and production of oil

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PPL Europe E&P Limited

Pakistan Petroleum Limited (PPL) has acquired 100 percent shareholding of MND E&P Limited, a company incorporated in England and Wales.

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The Pakistan Petroleum Provident Fund Trust Company (Private) Limited

Incorporated on November 7, 1955, the Pakistan Petroleum Provident Fund Trust Company (Private) Limited is a wholly-owned subsidiary of Pakistan Petroleum Limited (PPL).

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A financial analyst speaks during Annual General Meeting 2020 in Karachi

Banks, Auditors & Shares Registrar

Banks

Allied Bank Limited
Askari Bank Limited
Bank Al Habib Limited
Bank Alfalah Limited
Dubai Islamic Bank

Faysal Bank Limited
Habib Bank Limited
Habib Metropolitan Bank Limited

Industrial and Commercial Bank of China
JS Bank Limited

MCB Bank Limited

Meezan Bank Limited
National Bank of Pakistan Limited
Samba Bank Limited

Soneri Bank Limited
Standard Chartered Bank (Pakistan) Limited
United Bank Limited

Registration Number

CUIN: 0000378

Auditors

KPMG Taseer Hadi & Co.
Chartered Accountants
Sheikh Sultan Trust Building No. 2
Beaumont Road
Karachi -75530

Legal Advisors

Surridge & Beecheno

Shares Registrar

FAMCO Associates (Private) Limited
8-F, Next to Hotel Faran, Nursery
Block-6, P.E.C.H.S, Shahra-e-Faisal
Karachi
Tel. Nos: 021-34380101-5
Fax: 021-34380106

National Tax Number

0711545-8

Membership

Management Association of Pakistan

Overseas Investors Chamber of Commerce and Industry

Pakistan Association of Petroleum Geoscientists

Awards

Pakistan Petroleum Limited has received numerous awards in recognition of its contribution on various fronts:

Living the Global Compact Best Practices Sustainability Awards 2019

GMHR Muhammad Afzal Siddiqi receives the GDIB award from Former Governor State Bank of Pakistan Dr. Shamshad Akhtar

Global Diversity And Inclusion Benchmarks Award 2020

CFO Mohammad Khalid Rehman receives Certificate of Merit of South Asian Federation of Accountants (SAFA) for PPL’s Annual Report 2019 from Member ICMAP and Karachi Branch Council Syed Babar Ali. President ICAP Iftikhar Taj is also present

SAFA Award 2019

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Overview

Vision

Mission

Core Values

Value Creation:

Code of Conduct

Shahab Rizvi

Abid Sattar

Mian Imtiazuddin

Aftab Ahmad

Imtiaz Ahmed Husain Laliwala

Khurshid Bhaimia

Imran Abbasy

Awais Manzur Sumra

Abdul Aziz Uqaili

Captain (Retd.) Muhammad Mahmood

Captain (Retd.) Muhammad Anwar ul Haq

Board of Directors

Board Committees

Imran Abbasy

Abid Ashfaque Malick

Mohammad Khalid Rehman

Muhammad Afzal Siddiqi

Munir Hasan Ali

Fazal Hussain Gaffoor

Mujahid Ali

Dr. Shujjat Ahmed

Farooq Azam Shah

Syed Mahmood ul Hassan

Ali Jaffar

Management Team

Functions/Departments

Assets Operations

Exploration

Technical Services

Shared Services

PPL-held Interest: November 20, 2022

Associated Companies

Bolan Mining Enterprises

PPL Asia E&P B.V.

PPL Europe E&P Limited

The Pakistan Petroleum Provident Fund Trust Company (Private) Limited

Banks, Auditors & Shares Registrar

Banks

Registration Number

Auditors

Legal Advisors

Shares Registrar

National Tax Number

Membership

Employers' Federation of Pakistan

Management Association of Pakistan

Overseas Investors Chamber of Commerce and Industry

Pakistan Association of Petroleum Geoscientists

Awards