Board of Directors

Central Depository Company of Pakistan Limited (CDC) is the only depository in Pakistan

Muhammad Ashraf Bawany


Muhammad Ashraf Bawany

Mr. Muhammad Ashraf Bawany is the President of Ghani Global Group of Companies which comprises of Ghani Global Holdings Limited, Ghani Global Glass Limited and Ghani Chemical Industries Limited (formerly Ghani Gases Limited).

He served as Chief Executive and Managing Director of Linde Pakistan Limited (a subsidiary of BOC Group plc and a Member of Linde AG, Germany) and later served as Advisor to Chairman & Board of Directors. He served Linde Pakistan Limited for more than 30 years in various leadership roles and was responsible for successfully executing several local and regional initiatives and strategies.

Mr. Bawany is nominated by Pakistan Stock Exchange Limited (PSX) on the Board of Directors of CDC where he is also serving as a Member of Audit and IT Steering Committees. He is also a Director and Chairman of CDC Share Registrar Services Limited (CDCSR) and nominated by the CDC Board on the Board of Directors of ITMinds Limited – a wholly owned subsidiary of CDC.

Besides CDC, he is serving as a Director on the Boards of Pakistan Stock Exchange Limited (PSX), National Clearing Company of Pakistan Limited (NCCPL), Pakistan Institute of Corporate Governance (PICG) and VIS Credit Rating Company Limited. He is a Member of Nomination Committee, Human Resources & Remuneration Committee and Voluntary Delisting Committee of PSX.

He is a fellow member of ICMAP and ICSP. He also holds a Bachelor’s degree in Commerce (B.Com) and Law (LLB) and has done various advanced management courses from local and foreign institutions.

Mr. Bawany is also a Certified Director from the Pakistan Institute of Corporate Governance (PICG), and Chairman of the Board Audit Committee of PICG.

He takes keen interest in the promotion of education, trade and industry and strongly advocates these causes through various professional, corporate / trade and Welfare platforms.

He is a Member of Welfare Committees of Aziz Tabba Foundation, Tabba Heart Institute (THI) and Tabba Kidney Institute. He is also a Member – Advisory Board of Help International Welfare Trust and Member – Supreme Council of Jetpur Memon Association.

He is the former President of Institute of Cost and Management Accountants of Pakistan (ICMAP) and Pakistan Institute of Public Finance Accountants (PIPFA). He played a pivotal role in the development and expansion of ICMAP and ICAP. He has served as the Chairman of Examination, Education, Seminar & Conference Committees at ICMAP and Member Joint Committee & Member Committee for Best Presented Annual Report at ICAP & ICMAP respectively.

Previously, Mr. Bawany has served as Member – Listing Committee of PSX and Chairman – Board Audit Committee of NCCPL. Additionally, he was Vice President of Bin Qasim Association of Trade & Industry (BQATI) & also contributed as Member – Taxation Committee at the Overseas Chamber of Commerce & Industry. He was also the Chairman of Pakistan German Business Forum (PGBF) & Director on the Board of Pakistan German Chamber of Commerce and Industry (GPCCI). He was also President of Memon Professional Forum (MPF) as well as Chairman, Strategic Advisory Board at MPF. He has served as Member Board, South Asian Federation of Accountants (SAFA) as well as Technical Advisor to IT Committee of International Federation of Accountants.