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Tuesday, July 16, 2024

Pakistan’s top businessman, Chairman Indus Motors, Suleman Habib passes away

Ali Habib was one of the most prominent and respected business leaders in Pakistan. He was scion of the famous Habib Family, the main force behind the Industry Motor Company, head and member of multiple companies and boards. His sudden death shocked many. PM Khan and other personalities from business, politics and media have expressed their grief.

Prominent businessman of Pakistan, Ali Suleman Habib passed away after suffering from pancreatitis.

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

Habib University confirmed his death on Friday. He was 64. He was Board of Governors of Habib University, which the Habib family had established few years ago with an initial investment of $40 million. It has grown into a prestigious brand name since then.

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Habib served as director on the management boards of multiple companies operating under the umbrella of the House of Habib — including Thal Limited, Shabbir Tiles & Ceramics Limited, Habib Metropolitan Bank Limited, Metro Habib Cash and Carry Pakistan (Pvt.) Limited.

He was a graduate in Mechanical Engineering from the University of Minnesota and attended the PMD programme at Harvard University. according to the IMC website.

Pakistan’s top personalities expressed their grief on his death.

Prime Minister Imran Khan expressed grief at his passing in a tweet, terming him an “old friend” and a “respected and enterprising businessman”.

Pakistan’s top anchor Dr. Moeed Pirazada also tweeted to express his condolences for family. He said that Mr. Ali Habib made great contributions to higher education and industry of Pakistan.

Miftah Ismail tweeted “Very saddened to hear of the passing of Mr Ali Habib. A good friend, a very decent man and a captain of industry, he left us all too soon.”

Prominent stockbroker Arif Habib recalled while talking to GEO news that “He was a fearless man who did not shy away from expressing his views in front of policymakers.”

His death is a big loss for the nation and the Pakistani business community.