Family Council

Towfiq H. Chinoy

Mr. Towfiq Habib Chinoy, was associated with International Industries Ltd. (IIL) and International Steels Ltd. (ISL) since 1964 and retired after serving as MD in August 2015. He is presently the Non-executive Chairman of Jubilee General Insurance Company Ltd., Packages Ltd. and HBL Asset Management Ltd. He also holds directorship of IGI Investment Bank Ltd. He is also the Chairman Indus Valley School of Art & Architecture and Trustee of Mohatta Palace Gallery Trust and Habib University Foundation. Mr. Chinoy has served as the Member of the Engineering Development Board, Government of Pakistan, the Advisory Boards of Ports and Shipping Sector, Ministry of Communications, Director on the Boards of Port Qasim Authority, National Refinery Ltd. and Pakistan Business Council, Linde Pakistan Ltd., Jubilee Life Insurance Co. Ltd.

Kamal A. Chinoy

Mr. Kamal A Chinoy is Chief Executive of Pakistan Cables Ltd. He graduated from the Wharton School, University of Pennsylvania, USA. He serves on the Board of Directors of ICI Pakistan Ltd, International Industries Ltd., International Steels Ltd, NBP Fullerton Asset Management Ltd (NAFA), and Atlas Battery Ltd. & is Chairman of Jubilee Life Insurance. He is also Honorary Consul General of the Republic of Cyprus. Mr. Kamal Chinoy is a member of the Executive Committee of the International Chamber of Commerce (ICC) Pakistan and Past President of the Management Association of Pakistan (MAP). He is also serving on the Board of Governors of Army Burn Hall Institutions. He has previously served as the Chairman of the Aga Khan Foundation (Pakistan). He has also served as a Director of Pakistan Centre of Philanthropy, Pakistan Security Printing Corporation, Atlas Insurance & First International Investment Bank (an Amex JV). He has also served on the Undergraduate Admissions Committee of the Aga Khan University and the University of Pennsylvania Alumni Committee for Pakistan. He is an advisor to Tharpak, a consortium of international companies interested in developing the Thar coal field. He is a “Certified Director” having been certified by the Pakistan Institute of Corporate Governance.

Mustapha A. Chinoy

Mr. Mustapha A. Chinoy is a B.Sc in Economics from Wharton School of Finance, University of Pennsylvania, USA with majors in Industrial Management and Marketing. Upon return from United States he took up the position of Marketing Manager at International Industries Ltd. He is currently the Chairman Pakistan Cables Ltd., and a director on the Board of International Industries Ltd., Travel Solutions (Pvt) Ltd., Global E-Commerce Services (Pvt) Ltd., Crea8ive Bench (Pvt) Ltd., Universal Training & Development (Pvt) Ltd. and Global Reservation (Pvt) Ltd. He is the Chief Executive of Intermark (Private) Ltd. He has previously served on the Board of Security Papers Ltd. and Union Bank Ltd. until it was acquired by Standard Chartered Bank.

Family Council Charter

Establishment

The trustees of ASC Foundation hereby agrees and establishes the Family Council of the board with all the powers and duties set forth in these regulations and subsequent resolutions of the board.

Composition

The Council shall consist of three members. Youngest Member will act as Secretary to the Family Council.