Mr. Muhammad Azfar Ali

Mr. Muhammad Azfar Ali

Associate Professor

School of Accounting & Finance.

Muhammad Azfar Ali, Associate Professor, is an MBA from B.Z. University, Multan, and Fellow Member of Cost & Management Accountants of Pakistan (FCMA). He is currently doing his Chartered Global Management Accountancy (CGMA). He has also completed his M.Phil. course work with distinction. He secured 1st position in B.Com. from B.Z. University, Multan. Mr. Azfar Ali has 30 years’ work experience including 10 years with a leading public sector development finance institution and a renowned group of industries; besides working with Pakistan Credit Rating Agency (PACRA). He has hands-on experience of stock market as a full time trader for one and a half year. He is contributing as a member of Board of Studies, Board of Faculty, School of Accounting and Finance and Academic Council of the University.

  • Business Law
  • Corporate Law
  • Financial Management
  • Financial Accounting
  • Financial Analysis
  • Financial Reporting
  • International Business
  • Investment and Portfolio Management

Professional Qualifications

MBA - Marketing

Baha-ud-Din Zakariya University Multan (1986)

Fellow Cost & Management Accountants (FCMA)

Institute of Cost & Management Accountants of Pakistan (1997)

Advanced Diploma in Management Accounting

CIMA – UK (2010)

CIMA-(Strategic Level)

In Progress with CIMA-UK


Mphil (Course Work Completed)

University of Central Punjab (CGPA 4.0)

Bachelor of Commerce (B.Com)

Baha-ud-Din Zakariya University Multan (Ist Division)

Distinction: Ist Position in the University


  • Financial Accounting, Financial Reporting and Audit
  • Financial Management
  • Management Accounting- Performance Evaluation and Decision-making
  • Investment Portfolio Management
  • International Business
  • Corporate and Commercial Law
  • Trainer in Management and Finance
  • Analysis, design & implementation of costing system and cost controls
  • Negotiations and documentation of funded & non-funded financial facilities with banks, financial institutions and leasing companies.
  • Preparation of  Project feasibility reports – financial, marketing and technical appraisal of large industrial projects
  • Restructuring & rescheduling of loans-both for lenders and borrowers
  • Implementation & rehabilitation proposals of sick industrial units, debt swaps and securitization
  • Entity & Instrument credit rating
  • Management of overall affairs of business unit
  • Handling of exports, export documentation, export refinance & LC negotiations.
  • Dealing with government departments e.g. CBR, Customs, Sales Tax etc.

Job Experience

Associate Professor

Faculty of Commerce (2004–to-date)

Full-time teaching Investments Portfolio &Management , Financial Management & Cost & Management Accounting, Management, International Business, Merger, Acquisitions and Corporate Restructuring  to the Masters Classes

Visiting Lecturer

Institute of Cost & Management Accountants of Pakistan (2006–to-2010)

Teaching Fundamentals of Financial Accounting

Visiting Faculty

National University of Modern Languages (NUML)(2009–to-date)

Teaching International Business, Investment Portfolio, Corporate Governance & Mergers & Acquisitions

Stock Trading

(January 2003–June 2004)

Ventured into investment/trading  in shares  at Karachi and Lahore Stock Exchanges through brokers’ account.

Pakistan Credit rating Agency (PACRA)

0– Senior Vice President(August –  December 31, 2002)

PACRA is a rating agency with foreign collaboration. My job experience with this organization contained entity and instrument  i.e TFC rating

Flying Group of Companies

Manager Banking Affairs

Flying Group is the largest producer and seller of writing/printing paper, duplex coated board, extensible sack kraft paper ALONGWITH cement manufacturing and cement sacks in the country. Job responsibilities involved preparing proposals for financing from banks and leasing companies, Product costing,  Preparation of Budgets, negotiations for funded & non-funded financial facilities, restructuring of loans, preparation of financial projections and  execution of legal documentation with banks.

Adamsoft Int’l (Pvt) Limited

General Manager Finance & Administration ANI International (Pvt) Limited

Adamsoft International is a software development company incorporated with foreign investment. Job assignment included financial and personnel management and liaison with US office to ensure smooth operations

ANI International (Pvt) Limited

General Manager Finance & Administration ANI International (Pvt) Limited

(January 1998 – June 30, 2002)
ANI International  was  textile export houses. Handled all financial and administrative affairs along with supporting procurement and commercial affairs of the business. Also experienced working with an American expatriate responsible for production activities for almost two years.

Bankers Equity Limited

Assistant Vice President

(July 1987 – July 1997)
Bankers Equity Limited (BEL), with its head office in Karachi and a network of  regional offices and branches in major cities, was one of the leading development finance institution. BEL had a diverse portfolio of investments in industries like textile, cement, sugar, chemical, paper and food. A thorough experience of  project finance i.e. project appraisal, project implementation and project monitoring and  recovery of loans was attained

Courses & Seminars Attended

Case Based Teaching

Higher Education Commission (HEC)Lahore

Economic Appraisal of Projects

Pakistan Development Banking Institute Karachi


Pakistan Development Banking Institute Karachi

Cash flow Management

Pakistan Institute of Management Karachi

International Course on Marketing Appraisal Techniques

Pakistan Institute of Entrepreneurial Training in collaboration with Islamic Development Bank and ADFIMI (Turkey)
Ext# 109
School of Accounting & Finance, University of Central Punjab, Lahore, Pakistan.

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