Karachi, May 2, 2025 — Dubai Islamic Bank Pakistan Limited (DIBPL) has announced the appointment of Mr. Muhammad Ali Gulfaraz as its new Chief Executive Officer, effective today, May 2, 2025.
With a distinguished career spanning over 25 years, Gulfaraz brings a wealth of international and domestic banking experience to his new role. His expertise covers corporate and investment banking, strategy, risk management, and digital transformation, with a track record across the UK, Europe, and Pakistan.
Prior to joining DIBPL, Gulfaraz served as the CEO and Managing Director of the Bank of Khyber, where he spearheaded transformative digital, governance, and operational reforms. His leadership was instrumental in modernizing the institution and enhancing its service delivery.
Gulfaraz’s international experience includes a decade-long tenure at Mizuho Corporate Bank in London, where he held the position of Managing Director and Head of Corporate & Investment Banking for the UK, Ireland, and Nordic countries. Earlier in his career, he spent over ten years at Bank of America in London, culminating in his role as Principal in Global Corporate & Investment Banking.
In addition to his extensive banking credentials, Gulfaraz has also held executive roles at the Fauji Foundation and worked in key areas such as consumer finance, retail services, credit risk analysis, and portfolio management.
He holds a Bachelor’s degree in Economics and a Master’s degree in Agricultural and Managerial Economics with a concentration in Finance from the University of California, Davis. An alumnus of Cadet College Hasan Abdal, Gulfaraz has also completed advanced professional training programs in London, Tokyo, and San Francisco.
The appointment of Muhammad Ali Gulfaraz marks a strategic move by DIBPL to strengthen its leadership team as it continues to expand its footprint and digital banking capabilities in Pakistan.
