Khawaja Muhammad Asif born in August 9, 1949 in Sialkot, is a lawmaker and politician of the Pakistan Muslim League-N (PML-N). In the general election 2013, he has been elected for his fifth term as MNA from the PML-N seat. He was previously elected as MNA for the terms of 1993, 1997, 2002 and 2008. He has also served as Senator for the term of 1991-1993.

A businessman and a banker by profession, he earned B.A/L.L.B degrees from University of the Punjab in 1970. During 1997-1999, he held the portfolio of Chairman Privatisation Commission with the status of a Federal Minister. He also held the portfolio of Federal Minister for Petroleum and Natural Resources with an additional charge of Sports before his party pulled out of the Pakistan People's Party-led coalition government in 2008. He is renowned for his oratory skills, and is a very well known figure of the political arena, and currently holds the portfolio of the Minister for Water and Power.

Khawaja Asif is the son of Khawaja Muhammad Safdar, a life long Parliamentarian and an active politician of the Pakistan Movement. Khawaja Asif is married, and has a son and three daughters. He has extensively travelled across the world including the U.S.A, U.K, France, Germany and Japan. Before getting into politics, Khawaja Asif lived in the UAE for many years, and worked in the different banks. He left his job in UAE in 1991 and moved back to Pakistan, shortly before the death of his father, and took his place in politics, standing from the same constituency and city (Sialkot), and has won every election since 1991.

By virtue of his portfolio as Honourable Minister for Water and Power, Khawaja Asif is the Chairman Private Power and Infrastructure Board.