BR100 Increased By (0.55%)
BR30 Increased By (0.73%)
KSE100 Increased By (0.33%)
KSE30 Increased By (0.37%)
AGHA 7.47 Decreased By ▼ -0.09 (-1.19%)
BECO 5.14 Increased By ▲ 0.05 (0.98%)
BML 55.00 Increased By ▲ 0.02 (0.04%)
BOP 32.80 Decreased By ▼ -0.18 (-0.55%)
CNERGY 10.37 Increased By ▲ 0.27 (2.67%)
CSIL 5.10 Decreased By ▼ -0.03 (-0.58%)
FCCL 52.31 Increased By ▲ 1.06 (2.07%)
FFL 16.52 Increased By ▲ 0.34 (2.1%)
FNEL 1.22 Increased By ▲ 0.03 (2.52%)
KEL 7.22 Increased By ▲ 0.16 (2.27%)
KOSM 5.84 Increased By ▲ 0.30 (5.42%)
LOTCHEM 27.18 Decreased By ▼ -1.94 (-6.66%)
MLCF 90.30 Increased By ▲ 1.48 (1.67%)
NBP 196.85 Decreased By ▼ -0.64 (-0.32%)
NCPL 55.55 Increased By ▲ 0.53 (0.96%)
NPL 65.20 Increased By ▲ 0.32 (0.49%)
OGDC 313.90 Increased By ▲ 1.95 (0.63%)
PACE 10.44 Increased By ▲ 0.23 (2.25%)
PAEL 41.24 Increased By ▲ 0.25 (0.61%)
PIBTL 16.14 Increased By ▲ 0.18 (1.13%)
PPL 213.99 Increased By ▲ 1.33 (0.63%)
PRL 54.10 Increased By ▲ 1.56 (2.97%)
PTC 70.00 Increased By ▲ 0.92 (1.33%)
SSGC 25.27 Increased By ▲ 0.17 (0.68%)
TBL 9.65 Increased By ▲ 0.03 (0.31%)
TELE 8.37 Increased By ▲ 0.05 (0.6%)
TPL 18.20 Increased By ▲ 0.45 (2.54%)
TPLP 13.14 Decreased By ▼ -0.08 (-0.61%)
TREET 21.45 Decreased By ▼ -0.29 (-1.33%)
TRG 59.89 Increased By ▲ 3.00 (5.27%)
Pakistan

Prominent businessman Ali Habib passes away in Karachi

Apart from being chairman of the Indus Motor Company, He also headed operations for the House of Habib. KARACHI:
Published Updated
  • Apart from being chairman of the Indus Motor Company, He also headed operations for the House of Habib.

KARACHI: Prominent businessman Ali Suleman Habib passed away at the age of 63 in Karachi on Friday.

Apart from being chairman of the Indus Motor Company, He also headed operations for the House of Habib, a legacy business conglomerate that has several successful businesses functioning under its umbrella.

Under umbrella of the House of Habib, he served many boards as their director including Thal Limited, Shabbir Tiles & Ceramics Limited, Habib Metropolitan Bank Limited, Metro Habib Cash and Carry Pakistan (Pvt.) Limited.

He was also a member of the Board of Governors of Habib University, which the Habib family established.

The IMC chairman was also the founding chairman of Young Presidents Organization, Pakistan Chapter, and chairman of the Pakistan Business Council.

He was also a member of the Board of Governors of the Shaukat Khanum Memorial Trust.

He graduated with a mechanical engineering degree from the University of Minnesota, USA and also attended the PMD Program at Harvard.

Pakistan Muslim League – Nawaz (PML-N) leader Ahsen Iqbal tweeted: “Extremely sad on the news of Mr. Ali Habib’s death. He was a good friend and very patriotic industrialist, who contributed immensely in the development of Pakistan. May Allah Bless his soul and Grant patience to his family.”

Comments

Comments are closed for this article.