Dewan Farooque Motors Limited (DFML) has appointed Ghazanfar Baber Siddiqi as Chairman of the Board of Directors and Waseem-ul-Haque Ansari as Chief Executive Officer (CEO), effective Friday, December 26, 2025.
The listed auto assembler disclosed the development in a notice to the Pakistan Stock Exchange (PSX) today.
According to information available on DFML’s website, Waseem ul Haque is a graduate mechanical engineer from NED University, having a diversified experience of more than 28 years in the automobile industry and presently serving as Chief Operating Officer in Dewan Farooque Motors Limited
In his current role, Haque was responsible for the overall vehicle assembly operation of the KIA and Hyundai brands under technical license agreements.
Meanwhile, Ghazanfar Baber Siddiqi, the newly appointed chairman of the board, holds two Master’s namely MSc. Chemistry (Inorganic) from the University of Karachi and an MBA in Marketing from The International University, Independence, Missouri, USA.
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According to information available on Yousuf Dewan Company’s website, Siddiqi’s dual academic background enabled him to work with a diversified portfolio of products, including paints, chemicals, fibre, food commodities, petrochemicals and others.
He had 25 years of experience working in different roles, from designing strategy to managing companies. He also had 14 years of experience managing different product lines of the global giant ’ICI Pakistan Limited’.
DFML was incorporated in Pakistan as a public limited company in 1998. The company is engaged in assembling, progressive manufacturing, and the sale of vehicles in Pakistan.
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