BR100 Increased By (0.34%)
BR30 Increased By (0.77%)
KSE100 Increased By (0.26%)
KSE30 Increased By (0.25%)
BECO 5.73 Increased By ▲ 0.34 (6.31%)
BML 57.30 Decreased By ▼ -0.16 (-0.28%)
BOP 36.77 Increased By ▲ 0.46 (1.27%)
CNERGY 8.39 Increased By ▲ 0.18 (2.19%)
DCL 12.04 Increased By ▲ 0.21 (1.78%)
FCCL 58.61 Decreased By ▼ -0.67 (-1.13%)
FCSC 5.01 No Change ▼ 0.00 (0%)
FFL 17.94 Increased By ▲ 0.09 (0.5%)
FNEL 1.26 No Change ▼ 0.00 (0%)
HUMNL 11.42 Decreased By ▼ -0.08 (-0.7%)
KEL 8.29 Decreased By ▼ -0.04 (-0.48%)
KOSM 6.62 Decreased By ▼ -0.01 (-0.15%)
MLCF 108.29 Increased By ▲ 0.86 (0.8%)
NBP 206.04 Increased By ▲ 1.03 (0.5%)
PACE 11.17 Increased By ▲ 0.07 (0.63%)
PAEL 45.35 Decreased By ▼ -0.07 (-0.15%)
PIAHCLA 30.77 Decreased By ▼ -0.99 (-3.12%)
PIBTL 19.06 Increased By ▲ 0.21 (1.11%)
PPL 245.95 Increased By ▲ 2.21 (0.91%)
PRL 36.08 Decreased By ▼ -0.16 (-0.44%)
PTC 72.36 Increased By ▲ 0.29 (0.4%)
SEARL 96.67 Increased By ▲ 2.09 (2.21%)
SSGC 31.67 Decreased By ▼ -0.18 (-0.57%)
TELE 9.27 Increased By ▲ 0.25 (2.77%)
THCCL 67.81 Decreased By ▼ -0.66 (-0.96%)
TPLP 11.23 Increased By ▲ 0.51 (4.76%)
TREET 25.89 No Change ▼ 0.00 (0%)
TRG 67.84 Increased By ▲ 3.53 (5.49%)
WAVES 10.98 Increased By ▲ 0.07 (0.64%)
WTL 1.28 Decreased By ▼ -0.01 (-0.78%)
By

ISLAMABAD: President Dr Arif Alvi on Sunday lauded Chuck Feeney, an Irish-American business tycoon, who had given away his entire $8 billion fortune in charity. On his twitter account, the president also quoted words of his father late Dr Habibur Rehman Alvi about charity work and prayed for the high ranks of the departed soul.

He posted, "What a great man is Chuck Feeney! My late father Dr Habibur Rehman Elahi Alvi used to say, 'What I give in charity is what I take to the hereafter' & 'Giving is living in both worlds'. May his soul rest in peace, he was similar in spirit and action." The president also tagged yesterday's tweet of Prime Minister Imran Khan who had named Feeney's act as a "true richness."

"This is what I call true richness - a liberated soul," the prime minister said on twitter while referring to American billionaire's achieving his mission of donating all his wealth during his life. For the past 38 years, Feeney, an Irish American who made billions from a duty-free shopping empire, had been making endowments to charities and universities across the world.

Feeney, who gave most of his money away in secret, hoped that more billionaires would follow his example and use their money to help address the world's biggest problems. Feeney, 89, achieved goal of his life by giving away his entire wealth. He had set up the Atlantic Philanthropies foundation during 1982.

Feeney was quoted by Forbes Magazine "We learned a lot. We would do some things differently, but I am very satisfied. I feel very good about completing this on my watch."

In his foundation's report, "Zero is the Hero" Feeney once said, "I see little reason to delay giving when so much good can be achieved through supporting worthwhile causes. Besides, it's a lot more fun to give while you live than give while you're dead."

Comments

Comments are closed for this article.