The Board of Directors of Allied Bank Limited in its meeting held on May 28, 2013 has approved appointment of Mr. Khawaja Tariq Mahmood as acting President/CEO of the bank, effective from June 17, 2013 upon completion of term of existing President and CEO Mr. Khalid A. Sherwani. Mr. Tariq Mahmood shall hold office of the CEO for two years, from June 17, 2013 to June 16, 2015. Khawaja Tariq Mahmood will be made permanent as President/CEO of the bank as he enjoys good reputation and a professional banker.

Khalid A. Sherwani, a seasoned banker with over 40 years of exposure in financial sector, is getting retirement from June. Sherwani rejoined the Allied Bank Limited in June 2010 as President/CEO of the bank for a three-year term. Before rejoining Allied Bank he was associated with the United Bank Limited as CEO and House Building Finance Corporation as Managing Director.