Muhammad Ajmal Qureshi

Led annual budgeting, rolling forecasts, tariff modelling, and multi-year financial planning cycles for
one of Pakistans largest gas utilities, directly shaping financial strategy at board level.
• Acted as trusted finance business partner to executive management, preparing board-level financial
decks and variance analysis that informed strategic decision-making.
• Owned CAPEX governance across major capital projects — project costing, expenditure control, and
contractor payment oversight — strengthening financial performance and cost accountability.
• Delivered IFRS-compliant financial statements (Balance Sheet, Income Statement, and Cash Flow),
ensuring full regulatory and governance compliance.
• Managed project cash flow monitoring, budget utilization tracking, and contract compliance,
reinforcing liquidity discipline and risk controls.
• Led financial evaluation and negotiation support for Gas Sales Agreements (GSA) and Gas Supply &
Purchase Agreements (GSPA), managing commercial and financial risk exposure.
• Served as principal finance liaison with OGRA and government regulators on tariff and statutory
submissions, reflecting strong governance and stakeholder management.

Key Achievements

• Redesigned the budget monitoring framework, cutting the reporting cycle time and materially
improving variance visibility across business units.
• Strengthened project expenditure controls, improving cost accountability and reducing budget
overruns on capital programs.
• Delivered actionable financial insight to C-suite leadership that directly shaped tariff strategy and
operational planning.

• Directed annual budgeting, rolling forecasts, tariff modelling, and multi-year financial planning cycles for one
of Pakistans largest gas utilities.
• Prepared and presented executive management reports, board-level financial decks, and detailed variance
analysis to support strategic decision-making.
• Oversaw project costing, CAPEX expenditure control, contractor payment governance, and capital project
performance monitoring.
• Produced IFRS-compliant financial statements — Balance Sheet, Income Statement, and Cash Flow — ensuring
full regulatory adherence.
• Monitored project cash flows, budget utilization, contract compliance, performance indicators, and penalty
provisions.
• Supported negotiation and financial evaluation of Gas Sales Agreements (GSA) and Gas Supply & Purchase
Agreements (GSPA).
• Coordinated with OGRA, government bodies, and technical teams on regulatory submissions and strategic
financial matters.
Key Achievements
• Redesigned budget monitoring framework, reducing reporting cycle time and enhancing variance visibility
across business units.
• Strengthened project expenditure controls, improving cost accountability and reducing budget overruns on
capital programs.
• Delivered actionable financial insights to C-suite leadership, directly informing tariff strategy and operational
planning.

Directed end-to-end finance operations for a USD 80M oil terminal construction, storage facility, and
pipeline infrastructure program, owning treasury, banking, and financial reporting.
• Partnered with Ernst & Young (EY) to design and implement internal control frameworks and
corporate governance standards, raising the control environment to institutional-investor standard.
• Structured and managed project financing facilities, ensuring drawdown compliance and covenant
adherence — a core CFO risk-management discipline.
• Led ERP implementation initiatives that improved reporting efficiency, data integrity, and the overall
financial control environment.
Key Achievements
• Successfully structured and managed USD 80 million project financing arrangements, on time and
within covenant parameters.
• Generated incremental treasury gains through optimized fund placement and proactive cash flow
management.
• Established governance and compliance frameworks with EY, significantly strengthening the control
environment.

• Managed end-to-end finance operations for USD 80M oil terminal construction, storage facility development,
and pipeline infrastructure projects.
• Led project accounting, CAPEX control, treasury management, banking relationships, and financial reporting
functions.
• Coordinated with Ernst & Young (EY) to implement robust internal control frameworks and corporate
governance standards.
• Arranged and managed project financing facilities, ensuring drawdown compliance and covenant adherence.
• Led ERP implementation initiatives, improving reporting efficiency, data integrity, and financial control
environment.
Key Achievements
• Successfully structured and managed USD 80 million project financing arrangements, on time and within
covenant parameters.
• Generated incremental treasury gains through optimized fund placement and proactive cash flow management
strategies.
• Established governance and compliance frameworks in collaboration with EY, significantly strengthening the
control environment.

• Managed budgeting, financial reporting, project costing, and business performance evaluation for
E&P operations.
• Directed Joint Venture (JV) accounting, ensuring accurate cost allocation, partner reporting, and
reconciliation integrity.
• Prepared annual IFRS financial statements and consolidated reporting packages for management and
regulators.
Key Achievements
• Enhanced JV accounting accuracy and reporting quality, improving stakeholder confidence and
partner reconciliations.
• Streamlined management reporting, reducing turnaround time and increasing data-driven decision
support.

• Managed budgeting, financial reporting, project costing, management accounting, and business performance
evaluation functions.
• Directed Joint Venture (JV) accounting for E&P operations, ensuring accurate cost allocation and partner
reporting.
• Prepared annual IFRS financial statements and consolidated reporting packages for management and
regulatory submission.
• Conducted profitability analysis, cost allocation reviews, and financial performance evaluations across business
segments.
Key Achievements
• Enhanced JV accounting accuracy and reporting quality, improving stakeholder confidence and partner
reconciliations.
• Streamlined management reporting processes, reducing turnaround time and increasing data-driven decision
support.

Developed annual operating budgets and financial forecasts, monitoring organizational performance
against approved plans.
• Coordinated project financing, banking, leasing, and treasury-related functions.

• Developed annual operating budgets and financial forecasts; monitored organizational performance against
approved plans.
• Coordinated project financing, banking activities, leasing arrangements, and treasury-related functions.

Led pre-audit activities, expenditure authorization, and budget availability monitoring through SAP
ERP.
• Participated in SAP implementation and managed payroll and employee-related financial
transactions.

• Led pre-audit activities, expenditure authorization, and budget availability monitoring through SAP ERP
systems.
• Participated in SAP implementation initiatives; managed payroll processing and employee-related financial
transactions.

• Managed accounts payable, bank reconciliations, creditor ageing analysis, cash flow reporting, and month
end close activities.
• Budget monitoring and performance analysis