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Credit of unpaid rights

“In connection with Aisha Steel Mills Limited Right Issue announcement, unpaid Rights @ 20% were credited by the CDC in Book Entry Form on 18th May 2017 in the respective accounts of the ordinary / preference CDS shareholders (ASL, ASLPS, ASLCPS) whose names appeared in the Register of Members at the close of the business on Monday, 15th May 2017.

Letters of Right (LoR) to physical shareholders are dispatched on 22nd May 2017.”

Please find attached other pertinent dates

Board of Directors

The Board of Directors of ASML in their individual capacity bring with them extensive experience and expertise. The Board comprises of the following individuals:



Mr. Arif Habib
Chairman & Non - Executive Director

Mr. Arif Habib is the Chief Executive of Arif Habib Corporation Limited. He is also the Chairman of Pakarab Fertilizers Limited, Fatima Fertilizer Company Limited, DH Fertilizers Limited, Aisha Steel Mills Limited and Javedan Corporation Limited. He also serves as a Director in various companies including Sui Northern Gas Pipelines Company Limited, PIA and Pakistan Engineering Company Limited.


Mr. Arif Habib remained the elected President/Chairman of Karachi Stock Exchange for six times in the past and was a Founding Member and Chairman of the Central Depository Company of Pakistan Limited. He has served as a Member of the Privatization Commission, Board of Investment, Tariff Reforms Commission and Securities & Exchange Ordinance Review Committee. Over the years he has been nominated on the Board of Directors of a number of companies by the Government of Pakistan.


Mr. Habib participates with significant dedication in welfare activities of different organizations. To quote a few, he remains one of the trustees of Fatimid Foundation and Memon Health & Education Foundation as well as the director of Pakistan Centre for Philanthropy and Karachi Education Initiative.

Other Corporate Responsibilities

As Chairman

As Director

As Honorary Trustee



Dr. Munir Ahmed

Dr. Munir Ahmed
Director & CEO

Dr. Munir gained a B.E (Metallurgy) degree in 1978 from Dawood College of Engineering & Technology Karachi, MS (Metallurgy) in 1982 and a Ph.D. (Metallurgy) in 1985 from Institute of Material Science, University of Connecticut, USA.

He holds 36 years rich experience in progressively senior positions. Prior joining Aisha Steel Mills he was associated with People Steel Mills as Managing Director and also heading EPRF (ENAR Petroleum Refining Facilities). He was associated with Peoples Steel Mills Ltd. for the last 15 years in different roles including General Manager (Project/BMR), General Manager (Operations), Director Operations and lastly as Managing Director.

Dr. Munir was Member (Industrial Project) in Dr. A.Q. Khan Research Laboratories from June 2009 to June 2014, and also contributed as Chief Scientist from 2002 to 2009.

Dr. Munir Ahmed contributed significantly in the field of Metallurgy and Material Engineering through his researches & publications. Till date he has published 45 articles in Journals and proceedings of International repute. He was also invited by University of Connecticut, USA in June 1989 as a Visiting Scientist to carry out research in the field of thin film superconductors. He was honored with Special Creativity award by National Science Foundation, USA, on the basis of “exceptional creativity” shown in research work on surface modification. He was also awarded Sitara-e-Imtiazby the Govt. of Pakistan for his contribution in the field of Metallurgy.



Mr. Rashid Ali Khan

Non - Executive Director

Mr. Rashid has completed his graduation (BS) Masters (MBA) from Cornell University, Ithaca, New York, USA.

He has twenty- seven years of experience in Global Finance Management and Business Development in both OECD countries and Emerging Markets.

He has a multi-tiered professional background in banking, finance, consumer marketing and corporate restructuring at senior executive level; including the implementation of large- scale computer systems and proprietary telecom networks for Citibank in Europe and Saudi Arabia. In addition, he has successfully launched Islamic Banking in Pakistan.

He has also founded a successful Telecom Fixed Line business and a Real Estate Development company, both of which have achieved a unique branding in their respective markets.


As Chairman

As Director

As Trustee

Mr. Nasim Beg
Non - Executive Director

Mr. Nasim Beg, a Fellow Member of the Institute of Chartered Accountants of Pakistan, is the Chief Executive Officer of Arif Habib Consultancy (Pvt.) Limited along with being the Vice Chairman of MCB-Arif Habib Savings & Investments Limited, an Asset Management Company that was conceived and set up by him and which he headed as Chief Executive till June 2011. With over forty-five years of experience in the business world including industry and the financial services (in and outside the country), Mr. Nasim Beg is one of the most highly experienced professionals of the country.

Before joining the Arif Habib Group, Mr. Beg served as the Deputy Chief Executive of NIT, which he joined during its troubled period and played an instrumental role in its modernization and turn around. He also served as the acting Chief Executive of NIT for a few months. He has also been associated at top-level positions with other asset management and investment advisory companies.

Mr. Beg has also held senior level responsibilities in the automobile industry. During his tenure as the Chief Executive of Allied Precision (a subsidiary of the Allied Engineering Group), he set up a green field project for the manufacture of sophisticated indigenous components for the automotive industry under transfer of technology licenses with Japanese and European manufacturers. His initiation to the financial services business was with the Abu Dubai Investment Company, UAE, where he was a part of the team that set up the company in 1977. He has also been a member of the Prime Minister’s Economic Advisory Council (EAC).

Other Corporate Responsibilities


  • Arif Habib Consultancy (Pvt.) Limited

As Director


Javed Iqbal

Mr. Javed Iqbal

Mr. Javed Iqbal is a Chartered Financial Analyst and has a Masters degree in Business Administration. He was a senior corporate banker and worked at major banks at Pakistan for about two decades before retiring from banking and starting his own business. He has served on Board of Fatima Fertilizer, ABL Asset Management, HUBCO, Atlas Power and Cyan in the past.





Non - Executive Director

Mr. Bilal Asghar has been associated with the Banking industry since 20 years. He has enriched experience working with multi national and local banks covering Corporate and Investment Banking, SME & Commercial Banking, Special Assets Management, Islamic Banking, Transaction Banking, Consumer Finance and Retail Branch Distribution. In addition to his present assignment, he also sits on various boards representing Faysal Bank’s interests. Bilal holds a Bachelor of Science Degree in Business Administration from University of Southern California, Los Angeles.



mr. ahsan ashraf

Mr. Ahsan Ashraf
Non - Executive Director

Mr. Ahsan Ashraf is a seasoned Corporate and Investment banking professional. He holds MBA degree from IBA-Karachi and is a CFA charter holder awarded by CFA institute (USA). He brings over a decade long work experience in the field of Corporate Banking, Syndications, Project finance and M&A. He has a proven track record of leading and forming winning teams and successfully turned around the business segments. Presently serving as a Regional Corporate Head at the Bank of Punjab, he has been instrumental in transforming the bank as one of the profitable entity. His deep knowledge of the corporate sector, strong clientele and regulatory relationships, and broad banking experience drive the continued strengthening of the bank's foot stamp in the largest market of the country. He is a strong finance professional, with excellent credentials and deep experience built on a reputation for clear strategic insights, strong analytical skills, and great team building skills. His vision is to continually leverage his robust professional experience to build/ drive/ deliver business plans incorporating strong financial control environment.


Mr. Kashif A. Habib

Kashif A. Habib
Non- Executive Director

Mr. Kashif A. Habib is the Chief Executive of Power Cement Limited. Being a member of the Institute of Chartered Accountants of Pakistan (ICAP) he completed his articleship from A.F. Ferguson & Co. (a member firm of Price Waterhouse Coopers), where he gained experience of a diverse sectors serving clients spanning the Financial, Manufacturing and Services industries.

He has to his credit four years of experience in Arif Habib Corporation Limited as well as five years’ experience as an Executive Director in cement and fertilizer companies of the group.

Other Corporate Responsibilities


As Director



Mr. Muhammad Ejaz
Non - Executive Director

Mr. Ejaz is the Chief Executive of Arif Habib Dolmen REIT Management Limited. He has over 20 years of experience in the fields of Treasury, Corporate Finance and Investment Banking. Mr. Ejaz has served in senior positions at leading local and international banks including Faysal Bank, Union Bank and Emirates NBD Bank.

He holds a Master’s degree in Business Administration from the Institute of Business Administration where he is also a regular visiting faculty member. He is also a certified Financial Risk Manager.

Other Corporate Responsibilities