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Muhammad Ashraf Khan

Muhammad Ashraf Khan


Mr. Muhammad Ashraf Khan is Master of Business Administration (MBA) in Finance and Diploma Associate of Institute of Bankers Pakistan (IBP), Pakistan. He is also a “Certified Director” from Pakistan Institute of Corporate Governance (PICG).

Mr. Khan a retired Central Banker with an illustrious career spanning more than 35 years including over 13 years in a high-ranking positions as an Executive Director, having cross-functional skills and experience in Banking Policy, Regulations, Supervision, Development Finance, Islamic Banking, Foreign Exchange Policy & Operations, Currency Management, Payment System Regulations, Oversight & Development, Human Resource Management, Finance, Administration etc.

Apart from this illustrious career, he worked with Saudi Central Bank (SAMA) – KSA on deputation as an Advisor on Banking Policy. He served as acting CEO EXIM Bank of Pakistan and MD/CEO SBP Banking Service Corporation (Bank). He also served as Member Board of Directors and its committees of State Bank of Pakistan Banking Service Corporation (Bank), National Institute of Banking & Finance (NIBAF) and Pakistan Security Printing Corporation (PSPC). He represented SBP/GOP as Deputy Negotiator for establishment of Asian Infrastructure Investment Bank in China and dealt with bilateral institutions Vis-à-vis IMF, IDP, ADB, World Bank, DFID, USAID, IFC, etc. on various spectrums and also participated in FATF and APG meeting on AML/CFT matters.

He attended various domestic and international trainings, seminars, workshops, conferences as participant as well as speaker related to Banking Regulations & Supervision, Development Finance, Branchless Banking, Islamic Banking, Currency Management and Human Resources Management etc.

Mr. Khan is presently engaged with BankIslami Pakistan Ltd on retainer-ship and Consilium Consultancy as a consultant. He is also serving as Director on the Board of OBS Pharma (Private) Limited, CERISMA (Private) limited a subsidiary company of Pakistan State Oil (PSO).

Huma Waheed

Huma Waheed

Director (Certified Director from PICG)

Huma Waheed is resident of Karachi, Sindh, Pakistan by birth.

She completed her Master of Law (Company Law) from University of Karachi, Pakistan.

She Joined United as a Manager underwriting and IT professional and introduced computerized accounting system in the Company. In a short passage of time she got promotions and gained experience of insurance and other businesses of her Group of Companies.

In 2003 Huma was nominated and elected as a Director of the Board of the United Insurance Company of Pakistan Ltd. Company’s Board also nominated her as working Director of the Company.

Huma Waheed is also an important pillar of United International Group. In April 2012 she was appointed as a Vice Chairperson of United International Group consist of United Track System, United Software & Technology international, Tawasul Healthcare (TPA), Tawasul Developers, Tawasul Dubai, Tawasul Risk management and United Farms.

She is also a Certified Director from Pakistan Institute of Corporate Governance.


  • Master of LAW (LLM) from Karachi University
  • Bachelor of Science (B.Sc) from Karachi University
  • Insurance & Re-Insurance, Accounting IT related Courses
  • AML Training sessions conducted by SECP
  • Training on World Trade Facilitation Agreement conducted UKaid International Trade Centre and GOV Pakistan


  • Managing Committee Member – Karachi Chamber of Commerce and Industry (KCCI)
  • Deputy Chairperson – Women Entrepreneur Sub Committee – Karachi Chamber of Commerce and Industry (KCCI)
  • Member – Takaful and Window Takaful Committee & Taxation and legislation Committee of Insurance Association of Pakistan
  • Ex. Director – Pakistan-Afghanistan Joint Chamber of Commerce and Industry (PAJCCI) Pakistan Chapter
  • Ex. Executive Committee Member – Insurance Association of Pakistan (IAP)
  • Life Member – Karachi Arts Council

OFFICE ADDRESS: 204, 2nd Floor, Madina City Mall, Abdullah Haroon Road, Karachi, Pakistan.



Muhammad Akram Shahid

Muhammad Akram Shahid


Once again Mr. Muhammad Akram Shahid elected as a Director and appointed Chief Executive Officer of The United Insurance Company of Pakistan Limited in 61st Annual General Meeting of the Company held on April 2021. Mr. Shahid is a Law graduated from S.M. Law College and certified Director from Pakistan Institute of Corporate Governance (PICG).

Mr. Shahid has extensive experience of Insurance industry; He is an energetic, ambitious, dynamic and a successful business personality.

Mr. Shahid has constituted a group of various type companies well known as United International Group (UIG) a group covers Insurance, Banking, Communication and Information Technology Sectors. He also flourishes the roots of business outside Pakistan as a Chairman of the Group.

In 1996 Muhammad Akram Shahid took over the charge of United Insurance Company of Pakistan Ltd as a General Manager, and elected as a Director on October 1999. Shahid got the reins of United as a President & CEO in April 2003 and proved himself as a most competent and competitive Head of the Company.

In a very short span of time Muhammad Akram Shahid has made United, a 4th largest Insurance Company of the Pakistan Insurance Industry

In 2012 he relinquished his position from the United Board and decided to work as an advisor to the Board of Director of United Insurance Company of Pakistan Limited.

Mr. Muhammad Akram Shahid got success in diversified fields. He acquired Apna Microfinance Bank Ltd in the year 2012 and became Director of the Bank. He was elected Chairman of the Bank for the year 2013-2014, re-elected as a Chairman in 2016 and serving the Bank till to date. Bank is strengthening its position under his chairmanship day by day.

Mr. Shahid is driving the United towards the leading position in the Insurance Industry through balanced business strategies and productive policies.

OFFICE ADDRESS: 01, Upper Mall, Lahore, Pakistan.

Mohammed Rahat Sadiq

Mohammed Rahat Sadiq


Mr. Mohammed Rahat Sadiq is a well-known personality in Pakistan Insurance Industry. He Joined United Insurance Company of Pakistan Ltd in 2007. He performed various executive duties of the company. In 2011 he became Advisor to the Chairman of UIC. Later on he was appointed as Director of the Board and Executive officer.

Insurance Background:
He started off his carrier in Insurance in 1976 in the London market with two of the leading insurance brokers in UK, Launds Lambert and Willis Faber & Dumas. During his training, he was able to attend the in-house insurance courses organized by them and Chartered Insurance Institute UK.

He was with Insurance Company of North America (INA), they changed its name later to Chubb Insurance Co. He worked at their Head Office in Philadelphia USA, Regional Office UK and Greece heading the company’s Casualty Division for the Middle East and Africa.

Silver Star Insurance Company Limited Pakistan (SSIC) (1984 to 2003)

In December 1983 he moved back to Pakistan and started working on the licensing requirements of the company. He established Silver Star in 1983 and was appointed as Chief Executive Officer of the Company. His tenure successfully ended with SSIC in 2003 in the capacity of vice chairman.

Pakistan Reinsurance Corporation (PRC) (2003 to 2006)

He joined PRC as an Executive Director, in 2003. He was given dual charge as ED Planning and Development Division and Director in-charge of ECO Reinsurance Pool.

United International Group

Was appointed CEO of UIG Group of Companies in October 2023.

Residence: Pakistan
Key Experience: 45 Years in Insurance/Finance

Bachelor of Commerce from St Patrick College (University of Karachi), Pakistan.
Bachelor of Business Administration from University of Wisconsin, USA.
Commercial Underwriting Philadelphia, USA.
Advance Underwriting & Risk Management, CII College of Insurance London, UK.

Ex- Chairman, Executive Committee of Insurance Association of Pakistan.
Worked on high level insurance committee formed by Federal Government for the betterment of insurance in Pakistan.

Khawas Khan Niazi

Khawas Khan Niazi

Director (Certified Director from ICAP)

Khawas Khan Niazi is by birth Pakistani and was born in Mianwali, a city of Punjab. He inherited agriculture and proud to be an agriculturist.

He started his career as an Accountant in Pakistan General Insurance Company. Niazi through his dedication towards the work and potential to meet the challenges he got promotion and became Chief Accountant. Niazi served Pakistan General Insurance Co from 1974 to 1985.

In 1986 Niazi joined Silver Star Insurance as a Chief Financial Officer of the Company and continue with Silver at the end of June 2003.

In 2003 he joined United Insurance Co. of Pakistan Ltd in a capacity of Deputy General Manager Finance. In the year 2006 he became General Manager Finance and the very next Mr. Niazi designated Joint Director Finance of the Company.

UIC look into Niazi a considerate, thoughtful aspiring person and very ambitious, motivated leader. Spring of 2009 was pioneer in Niazi’s life and was appointed as Chief Executive of the United Insurance Co. of Pakistan Ltd (UIC).

UIC House elected Niazi as a Director of the Board in 49th Annual General Meeting of the Company and Niazi got real recognition of his abilities and services.

OFFICE ADDRESS: 01, Upper Mall, Lahore, Pakistan.

Dr. Abdul Hadi Shahid

Dr. Abdul Hadi Shahid


A. Hadi Shahid, Founder and Managing Partner of Alliott Hadi Shahid, Fellow member of The Institute of Chartered Accountants of Pakistan (ICAP). Mr. Shahid has Forty Five years of experience in practice as a chartered accountant in UAE, Pakistan and Afghanistan and overall experience spanning 50 years including 4 years as area in-charge for one of the Big 4 International Accounting Firm. His specialization include Audit, Commercial Law, Business and Tax Advisory, Forensic Accounting, Arbitration and Succession Management.

A. Hadi Shahid is Member and Trustee with many Professional, Social and Charitable Organizations in United Arab Emirates and Pakistan, Former Coordinator of The Institute of Chartered Accountants of Pakistan in Abu Dhabi, and former Member Advisory Board of Alliott Global Alliance.

  • Founding Member and Former Vice President – Pakistan Business & Professional Council, Abu Dhabi, Senior Member of Pakistan Business Council Dubai, Life Member The club Abu Dhabi.
  • Former Member foreign investments committee of Federation Chamber of Commerce & Industry of Pakistan.
  • Member Panel of Judges with Institute of Chartered Accountants England and Wales for Accountancy Award for five years and on Panel of Judges at ICAP awards for Women CA achievements 2023.
  • Member Board of Advisor ‘The Financial Daily’ Karachi.
  • Gold Medalist, awarded Waqar Ahmed Gold Medal by the Institute of Chartered Accountants of Pakistan for standing first in Pakistan in November 1972.
  • Awarded Medal for community services by American Biography Institute.
  • Awarded Gold Medal of community services by the students’ federation in Karachi
  • Graduated from Karachi University 1969 ( Bachelor of Commerce ).
Ihsan ul Haq Khan

Ihsan ul Haq Khan


Mr. Khan presents himself as a highly motivated and results-oriented professional with a wealth of experience and expertise across various facets of banking. His leadership roles demonstrate his ability to manage and inspire teams, while his diverse skillset positions him as a valuable asset for any financial institution.

He is Master’s in Business Administration (MBA) in Finance, Diploma Associate of Institute of Bankers Pakistan (IBP), and a Bachelor of Science (BSc) from the University of Punjab, Lahore.

Over 44 years in the banking industry, primarily focused on Commercial Banking such as Expanding branch networks, developing new financial products, Leading and motivating high-performing teams.

Mr. Ihsan Khan’s Expertise in Financial Services: Credit analysis, foreign exchange, treasury management, and investments.

Business Acumen: Marketing, risk management, human resources, and overseeing efficient banking operations.

Mr.Khan held the positions of President and CEO at SME Bank Limited and Zarai Tarqiati Bank Limited.

He also served as Director of SPI Insurance Company Limited.