Dr. Arshad Mahmood

Dr. Arshad Mahmood


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 important positions with several federal and provincial ministries, including Secretary at Science and Technology Division, Additional Secretary at Ministry of Finance and Secretary for departments of Finance, Mines and Minerals, Public Health Engineering, Housing and Urban Planning, Government of Punjab.

He was Head of Investment Banking at Bank of Punjab and served as Chairman of Punjab Provincial Cooperative Bank Limited. He also had stints at a number of state-owned companies/ authorities as chief executive officer /managing director besides working at United Nations Development Programme, National Audit Office, London and State Street Global Advisors Boston, USA. He was the first one to be appointed as External Auditor to audit Auditor General of Pakistan.

Dr. Mahmood has a proven track record of designing and structuring internationally benchmarked metallic mineral exploration programmes and mega investment propositions, shaping public private partnerships, organizational alignment and restructuring, managing complicated procurements, financial syndication and capital market interactions. At Ministry of Finance, he was Secretary to a 'Think-Tank' under Federal Finance Minister besides representing the ministry during SECP Policy Board meetings.

Currently, he is serving as Chairman, Board of Directors of Pak Arab Refinery Limited and a director on the boards of Oil and Gas Development Company Limited, Mari Petroleum Company Limited, Government Holdings (Private) Limited  and Hydrocarbon Development Institute of Pakistan. Earlier, he has served as chairman on Board of Directors of National Security Printing Company and a director on boards of Pakistan National Shipping Corporation, Lahore Electric Supply Company, Central Power Generation Company Limited, Civil Aviation Authority Pakistan and National Telecom Corporation. 

He is a graduate of King Edward Medical College, Lahore. As a British Chevening Scholar, Dr. Mahmood did his MSc. in Finance and Management from School of Management, Cranfield University, England in 2004. He also received Hubert Humphrey Fellowship (Fulbright) to study Finance and Banking from School of Management, Boston University, USA in 2007 from where he also obtained a postgraduate diploma in Entrepreneurial Management. He has also received training in financial management at The World Bank and International Monetary Fund.

He takes interest in cosmology, classical music and golf.