Audit Committee
Zafar Iqbal Sobani
Zafar Iqbal Sobani brings with him over forty years of experience of the audit profession and manufacturing & power sectors of Pakistan and the Middle East. Currently he is engaged in finance, business and power sector consultancy in addition to be an entrepreneur.
He is serving as a Board Member of Privatization Commission of Pakistan since January 2014 and has actively contributed in the Privatization transactions carried out during this period which included spade work on PSE and Energy sector.
In addition, he is on the Board of TRG (Pakistan) Limited, Primus Leasing Limited (a subsidiary of Brunei Investment Company Limited), IT Minds (a subsidiary of Central Depository Company) , AGP Pakistan Limited, Zephyr Power Ltd , IPP based Wind Power project and Hardon Solar (a developer of Solar solutions).
He has also been inducted as a Board Member of KWSB in last quarter of 2021 as World Bank recommended restructuring of the Board.
He obtained qualification of Chartered Accountancy and Cost & Management Accountancy in the early eighties from Pakistan. He started his career at A.F. Ferguson (Price Waterhouse Coopers) in Pakistan later moving on to Ernst and Young, Saudi Arabia.
During his career, he has served at important positions for various corporate entities. Starting out in the industry in 1985 at Pakistan Oxygen Limited where he was responsible for core finance functions.
After four years he moved to Century Paper & Board Mills Limited (CPBM), part of the Lakson Group of Companies, where he spent a major part of his career. In his eighteen years tenure at CPBM he was engaged in the areas of finance, new projects, treasury, costing and supply chain.
Additionally, he was responsible for overall coordination of group finance affairs. After ending his affiliation with CPBM, he turned his focus towards power sector and joined in 2008 Liberty Power Tech, a 200MW IPP Based project, as CEO for 3 years.
Continuing his journey in the power sector he joined as CEO of HUBCO in 2011, overlooking all three of its IPP based power projects of around 1500 MW. His final assignment in the corporate sector came at House of Habib in 2013 where he was involved in new project development and real estate development for two years He has been the President of Institute of Chartered Accountants of Pakistan (ICAP) and served actively in council and regional committee in various capacities between 1993 and 2005.
He also remained Chairman of Quality Control Board for nine years from 2006 and was entrusted with the objective of overseeing the quality of audit assurance work in Pakistan.
He remained Chairman of Audit Committee of ICAP. He also remained Member of the managing committees of Overseas Investors Chamber of Commerce and Industry.
He was the Sponsor Director of Pakistan Institute of Corporate Governance in year 2004 and 2005 and has Certification as a trainer of Corporate Governance by IFC. He is also associated with different NGO in various capacities.