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Mr. Rafiud Deen Ahmad has become the third non-member chairman of the Islamabad Stock Exchange (ISE). The Board of Directors of the ISE, in its first meeting held today, unanimously elected Mr. Rafiud Deen Ahmad as chairman of the Exchange for the year 2008.
Mr. Rafiud Deen Ahmad is a lawyer by profession. He is advocate Supreme Court of Pakistan and senior consultant in a law firm Orr, Dignam & Company. He has been on the Boards of PTCL and PMTL. He has also served as member ICC Court of Arbitration from 1987-1990. Presently he is director on the Boards of KSB Pumps, Pakistan Poverty Alleviation Fund and Sigma Motors. He is also Member of the Managing Committee of the Islamabad Club since 2000. Mr. Rafiud Deen Ahmad holds degrees of M.A. and is a Barrister-at-Law.
The Board Members and outgoing Chairman Mr. Shaharyar Ahmad congratulated Mr. Rafiud Deen Ahmad and presented him the shield and custodial key of the ISE. The Board expected that the ISE will make further progress under the auspices of its new chairman. The broker community and business fraternity has warmly welcomed the election of Mr. Rafiud Deen Ahmad as chairman of the ISE.
The Board of Directors of the ISE comprises ten directors out of which five are member directors and four are SECP nominee directors while the Managing Director is the tenth director on the Board by virtue of his office. The Commission has appointed Mr. Aslam Khaliq, Chairman Pakistan Tobacco, Mr. Zohair A. Khaliq, President and CEO Mobilink, Mr. Tariq Khamisani, President British Petroleum and Mr. Rafiud Deen Ahmad, senior consultant, Orr, Dignam & Company Advocates, as nominee directors of the ISE for 2008. The Member directors include Sh. Muhammad Shabbir, Mr. Rafaqat Ali Ch., Mr. Zahid Latif Khan, Mr. Riaz Ahmed and Syed Nooh Adnan.
