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

Shahab Rizvi was elected as a member of the Board of Directors on December 23, 2020. He is also the Chairman of the Board of Directors. He is also a member of the Board Human Resource, Board Strategy and Finance and Board Procurement Committees.

A seasoned professional with nearly four decades of diverse experience, especially in business leadership in healthcare, Shahab Rizvi has served as Country President & Chief Executive, Pakistan and Afghanistan at Novartis Pharma (Pakistan…

Abid Sattar

Director

Abid Sattar was elected as a member of the Board of Directors on December 23, 2020. He is the Chairman of the Board Human Resource Committee and a member of the Board Nomination and Enterprise Risk Committees.

Sattar is a seasoned banker with over 35 years of extensive experience in corporate, consumer and retail banking, both in Pakistan and overseas. Currently, he is serving as President and Chief Executive Officer of Askari Bank Limited. Earlier, he was associated with Habib Bank…

Aftab Ahmad

Director

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 and Strategy and Finance committees. He is also a director on the Board of PPL Europe E&P Limited.

Ahmad is a seasoned professional with over 30 years of experience in finance and accounts, strategic business planning, project management and budgeting and management reporting for oil and gas sector and aviation industry.

He is a…

Dr. Arshad Mahmood

Director

Dr. Arshad Mahmood joined Pakistan Petroleum Limited’s Board on June 7, 2021. He is a member of the Board Human Resources, Strategy and Finance and Enterprise Risk committees.

He is currently serving as Secretary, Petroleum Division, Ministry of Energy, Government of Pakistan.

Dr. Mahmood is a seasoned professional associated with Pakistan Administrative Service for nearly 30 years with extensive experience in public, corporate and multi-lateral sectors. He has served on…

Moin Raza Khan

Managing Director & Chief Executive Officer

Moin Raza Khan assumed charge as Managing Director & Chief Executive Officer of Pakistan Petroleum Limited (PPL) on January 7, 2019 in addition to his role as Deputy Managing Director (Exploration & Business Development). He is also a member of the Board Human Resource and Strategy and Finance Committees.

Khan’s association with PPL dates back to April 1983 when he joined the company as Junior Geologist after he was selected for PPL’s highly competitive merit-based Foreign…

Imtiaz Ahmed Husain Laliwala

Director

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 a member of Board Strategy and Finance and Enterprise Risk committees.

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…

Khurshid Bhaimia

Director

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

Khurshid Bhaimia is a seasoned lawyer with extensive corporate experience, especially with the banking sector, for nearly 37 years.

She started her career in 1983 with Surridge and Beecheno and later worked…

Mian Imtiazuddin

Director

Mian Imtiazuddin was 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. He is also the Chairman of Board Strategy and Finance Committee and a member of Board Audit, Nomination and Procurement Committees.

A seasoned professional with over 47 years of multi-dimensional experience in the oil and gas industry, Imtiazuddin has worked with leading consultancy firms that provide…

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.

Management during an online Board Meeting on December 22, 2020

Moin Raza Khan

Managing Director & Chief Executive Officer

Dr. Fareed Iqbal Siddiqui

Deputy Managing Director, Technical Services

Dr. Fareed Iqbal Siddiqui joined Pakistan Petroleum Limited (PPL) in 1998 as Deputy Chief Engineer Reservoir.

Abid Ashfaque Malick

Deputy Managing Director, Assets Operations (Actg)

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

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 a Chief Accountant in Finance Department.

Muhammad Afzal Siddiqi

General Manager Human Resources

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.

Sagheer Hussain

General Manager Projects & Construction

A veteran professional with over 35 years of diverse experience in the oil and gas industry, Sagheer Hussain joined Pakistan Petroleum Limited (PPL) in 1987 as Trainee Engineer.

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.

Saquib Hanif

General Manager Corporate Services

Saquib Hanif is a seasoned professional with diverse experience of nearly 25 years in corporate communications and community development.

Hanif studied at Cornell University, USA and graduated with “Distinction in all Subjects”.

Functions/Departments

PPL-held Interest: March 31, 2021

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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Iraqi delegation led by Chairman Joint Management Committee for Block 8 with PPL staff during a meeting at PPL head office in October 2020

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

DMD (TS) Dr. Fareed Iqbal Siddiqui and Project Management Institute (PMI) Karachi Pakistan Chapter (KPC) 's President Fahad Ahmed (seventh and eight right) with PPL’s PMI members. PPL received Project Management Award 2018 for Corporate Excellence

Project Management Award 2018 for Corporate Excellence

Annual Learning Award 2013

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Overview

Vision

Mission

Core Values

Value Creation:

Code of Conduct

Shahab Rizvi

Abid Sattar

Aftab Ahmad

Dr. Arshad Mahmood

Moin Raza Khan

Imtiaz Ahmed Husain Laliwala

Khurshid Bhaimia

Mian Imtiazuddin

Board of Directors

Board Committees

Moin Raza Khan

Dr. Fareed Iqbal Siddiqui

Abid Ashfaque Malick

Mohammad Khalid Rehman

Muhammad Afzal Siddiqi

Munir Hasan Ali

Fazal Hussain Gaffoor

Mujahid Ali

Sagheer Hussain

Dr. Shujjat Ahmed

Farooq Azam Shah

Saquib Hanif

Management Team

Functions/Departments

Assets Operations

Exploration

Technical Services

Shared Services

PPL-held Interest: March 31, 2021

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