Zaka Ashraf: Life of a Pakistani Businessman and Banker
Zaka Ashraf is a well-known Pakistani businessman and cricket administrator. His leadership in various sectors, including banking, politics, and sports, has made him a notable figure in Pakistan. Over the years, he has played a crucial role in transforming Pakistan’s cricket administration and financial sector. His contributions to the Pakistan Cricket Board (PCB) have been significant, and his influence continues in different domains.
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Contents
Who is Zaka Ashraf?
Zaka Ashraf is a Pakistani businessman, banker, and cricket administrator who has played a significant role in Pakistan’s financial and sports sectors. Born on September 9, 1952, in Mandi Bahauddin, Punjab, Pakistan, he comes from a well-established industrial and agricultural family. He has served as the chairman of the Pakistan Cricket Board (PCB) and the president of Zarai Taraqiati Bank Limited (ZTBL), contributing to both cricket governance and economic development.
His leadership in PCB focused on improving Pakistan’s cricket infrastructure, reviving international matches, and ensuring better financial management for players. Besides sports administration, He has been involved in banking, politics, and rural development. His close ties with the Pakistan People’s Party (PPP) have also influenced his career in leadership roles. Despite facing political and administrative challenges, he continues to be a key figure in Pakistan’s business and cricket affairs.
Early Life
He was born on September 9, 1952, in Mandi Bahauddin, Punjab, Pakistan. He belonged to a family with a strong industrial and agricultural background. His father, Chaudhry Muhammad Ashraf, was a businessman and politician who had close ties with former Prime Minister Zulfikar Ali Bhutto. This background played an important role in shaping his career, as he was exposed to both business and politics from a young age.
Growing up in Punjab, He had access to a good education and a privileged upbringing. His father’s influence helped him gain insight into economic and political affairs, which later contributed to his leadership skills.
| Aspect | Details |
|---|---|
| Full Name | Zaka Ashraf |
| Date of Birth | September 9, 1952 |
| Place of Birth | Mandi Bahauddin, Punjab, Pakistan |
| Family Background | Industrial and Agricultural Family |
| Father’s Name | Chaudhry Muhammad Ashraf |
| Father’s Profession | Businessman and Politician |
| Political Influence | Close ties with Zulfikar Ali Bhutto |
| Childhood Interests | Business, Banking, and Leadership |
This table summarizes the key details about his early life, showcasing his family background, birthplace, and early influences.
Education
He completed his early education at Sadiq Public School in Bahawalpur. Later, he joined Cadet College Petaro, one of the most prestigious institutions in Pakistan. His educational journey was marked by discipline and leadership training, which became evident in his future endeavors.
During his academic years, He developed a keen interest in business and finance. He further pursued higher education in business administration and banking, which allowed him to take leadership roles in financial institutions. His education helped him become a successful businessman, leading several major ventures in Pakistan.
| Level of Education | Institution | Details |
|---|---|---|
| Early Education | Sadiq Public School, Bahawalpur | Received primary and secondary education in a disciplined academic environment. |
| Higher Education | Cadet College Petaro | Completed his studies in 1973, where he gained leadership skills and discipline. |
| Specialization | Business Administration & Banking | Focused on business and financial management, which helped him in his professional career. |
| Professional Learning | Banking and Finance Training | Acquired expertise in banking policies, economic strategies, and business management. |
This table highlights his academic journey, emphasizing the institutions he attended and his focus on business and banking education.
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Family and Personal Life of Zaka Ashraf
He maintains a private personal life. He is married to Naushaba Zaka Ashraf, and they have two daughters, Zara Ashraf and Ayesha Ashraf. His family is well-settled, with Zara working in the banking sector and Ayesha pursuing a career in law.
Despite being involved in business and politics, He ensures his personal life remains away from public attention. His family has always supported his professional journey, allowing him to focus on both business and cricket administration.
Age
As of 2024, He is 71 years old. With decades of experience in business, politics, and cricket administration, he continues to be an influential figure in Pakistan. His extensive career in banking and sports management has helped him build a substantial financial portfolio.
Net Worth
His net worth is estimated to be around $50 million. His primary sources of income include banking, industrial investments, and his tenure as the chairman of Zarai Taraqiati Bank Limited (ZTBL) and Pakistan Cricket Board (PCB). His leadership in financial institutions has significantly contributed to his wealth.
| Category | Details |
|---|---|
| Estimated Net Worth | $50 million (approx.) |
| Primary Income Source | Banking, Business, Cricket Administration |
| Major Business Ventures | Banking Sector, Agricultural Investments |
| Position in Banking | Former President of Zarai Taraqiati Bank Limited (ZTBL) |
| Cricket Administration | Former Chairman of Pakistan Cricket Board (PCB) |
| Other Investments | Industrial and Rural Development Projects |
| Financial Influence | Stronghold in Pakistan’s economic and sports sectors |
This table provides a breakdown of his net worth, emphasizing his financial assets, business ventures, and major sources of income.
Relationship and Personal Interests
He has always been dedicated to his professional responsibilities. His relationship with political and business elites has allowed him to maintain a strong presence in Pakistan’s economic and sports sectors. He shares a close relationship with the Pakistan People’s Party (PPP) and has held key administrative positions due to his political affiliations.
Besides business and cricket, He is passionate about agriculture and development projects. His family’s agricultural background has influenced his interest in promoting rural development and modernization in Pakistan’s agricultural sector.
Current Affairs and Role in Cricket Administration
He remains a significant figure in Pakistan’s cricket governance. In 2023, he was reappointed as the chairman of the PCB Management Committee. His return to cricket administration was seen as a strategic move to improve Pakistan’s cricket infrastructure. Under his leadership, Pakistan focused on hosting international teams, enhancing domestic cricket, and improving financial policies for players.
His tenure, however, was not without challenges. Political instability, internal conflicts within the PCB, and financial issues have often affected Pakistan’s cricket management. Despite these difficulties, He has continued to advocate for better policies, ensuring the growth and stability of cricket in Pakistan.
Career in Business and Cricket
He has had a successful career in both business and cricket administration. His leadership in different sectors has made him a well-respected figure in Pakistan.
Business Career
He started his career in the banking sector. He served as the president of Zarai Taraqiati Bank Limited (ZTBL), where he played a crucial role in improving financial policies for Pakistan’s agricultural sector. His expertise in banking allowed him to modernize the institution, making it more efficient and accessible to farmers.
In addition to banking, he has been involved in industrial and agricultural projects. His business ventures have focused on promoting investment in Pakistan’s rural economy, helping farmers and small businesses grow.
Cricket Administration
His most prominent role was as the chairman of the Pakistan Cricket Board (PCB). He first held the position in 2011 and served until 2014. During this period, he worked to improve Pakistan’s cricket infrastructure and bring international matches back to the country.
His tenure was marked by significant achievements, including:
- Efforts to revive international cricket in Pakistan
- Better financial management for players and domestic teams
- Stronger relationships with other cricket boards
Despite his efforts, He faced political challenges that led to his removal in 2014. However, in 2023, he returned as the chairman of the PCB Management Committee to stabilize cricket administration in Pakistan.
| Field | Position/Role | Contributions & Achievements |
|---|---|---|
| Banking | President of Zarai Taraqiati Bank Limited (ZTBL) | Modernized banking policies, supported rural development, and improved agricultural financing. |
| Cricket Administration | Chairman of Pakistan Cricket Board (PCB) (2011-2014, 2023) | Focused on reviving international cricket in Pakistan and improving domestic cricket infrastructure. |
| Business & Industry | Businessman and Investor | Invested in industrial and agricultural sectors, contributing to economic growth. |
| Politics | Affiliated with Pakistan People’s Party (PPP) | Held administrative positions and maintained strong ties with political leadership. |
| Sports Development | Cricket Governance & Policy Maker | Advocated for player welfare, better financial management, and improved cricket facilities. |
This table outlines his career, covering his roles in banking, business, politics, and cricket administration, along with his major contributions.
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Long Term Contributions
His legacy is defined by his contributions to Pakistan’s economy and cricket. His leadership in banking and agriculture has helped improve financial policies for rural communities. In cricket, his efforts have supported domestic players, financial stability, and international recognition.
As he continues to work in business and sports administration, his influence remains significant. Whether in banking, agriculture, or cricket, He continues to shape policies that impact Pakistan’s future. His ability to lead in multiple fields shows his dedication to improving Pakistan’s economic and sports sectors.
Final Thoughts
Zaka Ashraf’s career is a mix of success, challenges, and contributions to Pakistan’s business and sports industries. His leadership in PCB and ZTBL reflects his ability to bring structural reforms. Even though his tenure has faced political challenges, he remains a dedicated administrator.
His impact on Pakistan’s cricket and financial sectors will always be remembered. Whether leading the Pakistan Cricket Board or working in banking, his leadership has left a lasting impression. With his vast experience, He continues to be a vital part of Pakistan’s development.
