Basit Waheed
Member Of The Board Of Directors

Mr. Basit Waheed Is A Non-Executive Director Of Biafo Industries Limited (‘The Company’). He Was Elected As A Director Of The Company On The 24th October 2019, At The 31st Annual General Meeting Of The Company. By Being A Member Of The Board Of Directors Of The Company, Mr. Waheed Brings To The Benefit Of The Company, The Sum Of His Vast And Diverse Experience. Mr. Waheed Is A Lawyer By Profession, And Is An Advocate Of The High Courts And Supreme Court Of Pakistan. In Terms Of His Legal Profession, Mr. Waheed Has Over 39 Years Of Experience Practising Law. His Areas Of Practice Mainly Include Banking Law, Company Law, Constitutional Law, Contract Law, Criminal Law, Family Law, Land Law And Tort Law.

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Some Of The Notable And High Profile Work Done By Mr. Waheed Over The Years As A Lawyer, Excluding His Appearance In Numerous Cases In The Senior Courts Of Pakistan, Includes:
A) Acting On Behalf Of The Government Of Pakistan, Through The Governor Of Punjab, For Registration Of Trust Deeds To Secure Loans Of The World Bank For Setting Up The Sui Gas Pipeline Infrastructure In Pakistan;
B) Acting On Behalf Of The Government Of Pakistan For Registration Of The Contract Of Construction Of The Tarbela Dam; And
C) Acting On Behalf Of The Pakistan Army For Registration Of The Sale Deed On The Purchase Of Glaxo Laboratories (Pak) Limited’s Factory Located At Renala Khurd, Okara, Punjab - Now Known As Renala State Military Farms.
Apart From Being A Lawyer, Mr. Waheed Is Also An Investor In The Stock Market. He Invests Extensively In Shares Of Public Limited Companies Listed On The Pakistan Stock Exchange Limited, And Has Over 4 Decades Of Experience In Investing In The Stock Market.
Prior To The 3 Stock Exchanges Of Pakistan, I.E. The Karachi Stock Exchange (Guarantee) Limited, The Lahore Stock Exchange (Guarantee) Limited, And The Islamabad Stock Exchange (Guarantee) Limited, Becoming Bodies Corporate Limited By Shares, And Then Subsequently Being Amalgamated To Form The Pakistan Stock Exchange Limited, Mr. Waheed Used To Be A Member Of The Then Lahore Stock Exchange (Guarantee) Limited (‘The Lahore Stock Exchange’).
As A Member Of The Lahore Stock Exchange, Mr. Waheed Was A Licensed Trader And Stockbroker. He Provided Brokerage And Trading Services To Investors, And Continued To Do So For A Number Of Years, Before Eventually Disposing Of His Membership Of The Lahore Stock Exchange.
Although Mr. Waheed Only Provided Brokerage And Trading Services To Investors For A Number Or Years, He Remained A Member Of The Lahore Stock Exchange For More Than 3 Decades.
During His Time As A Member Of The Lahore Stock Exchange, Mr. Waheed Held Senior Management Positions In The Lahore Stock Exchange, Such As That Of The Director Of The Lahore Stock Exchange And The Vice President Of The Lahore Stock Exchange.
He Also Held The Position Of The Permanent Chairman Of The Building Committee Of The Lahore Stock Exchange And Was Responsible For Overseeing The Creation Of The Building Of The Lahore Stock Exchange, From The Acquisition Of Land For The Building To The Completion Of Construction Of The Building.
In Addition To This, Mr. Waheed Also Served On The Board Of Directors Of The Central Depository Company Of Pakistan Limited (‘Central Depository Company’). He Was 1 Of The First Directors Of The Central Depository Company And Was Responsible For Overseeing The Formation And Establishment Of The Central Depository Company, And Its Electronic Book Entry System, Known As The Central Depository System.
Furthermore, Until Recently Mr. Waheed Was Also A Non-Executive Director Of Pak Datacom Limited. He Served On The Board Of Directors Of Pak Datacom Limited From October 2017 To May 2019.