Asad Umar

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Asad Umar
NA-48 (Islamabad-I)
Secretary General of the Pakistan Tehreek-e-Insaf
In office
25 December 2021 – 24 May 2023
ChairmanImran Khan
Personal details
Born (1961-09-08) 8 September 1961 (age 62)
Rawalpindi, Punjab, Pakistan
RelativesMuhammad Zubair Umar (brother)
Alma materInstitute of Business Administration, Karachi
AwardsSitara-i-Imtiaz
Websiteasadumar.pk

Asad Umar (

Federal Minister for Planning, Development, Reforms and Special Initiatives
, from 19 November 2019 to 10 April 2022.

He has previously served as Chairman House Standing Committee on Finance, Revenue and Economic Affairs from 8 May 2019 to 30 November 2019 and as

Finance, Revenue, and Economic Affairs Minister of Pakistan from 20 August 2018 to 18 April 2019. Prior to entering politics, he was a business executive, serving as the chief executive officer (CEO) of Engro Corporation from 2004 to 2012.[1] He served as secretary-general of Pakistan Tehreek-e-Insaf from December 2021 to May 24, 2023. He tendered his resignation from party positions due to violent attacks that took place on May 9 on military installations allegedly as a response of PTI protestors against the arrest of Imran Khan in Al Qadir Trust case.[2][3]

Early life and education

In an interview, Umar said he was born in

IBA Karachi in 1984[6][1] from where he received an MBA .[4][5]

Asad Umar's father, Major General (retd) Ghulam Umar (a descendant of

Pakistan Muslim League-N government.[9][10][11]

Professional career

He worked in

HSBC Pakistan[1] after graduation for seven months.[4][5] He joined Exxon Chemical Pakistan in 1985[6] as a business analyst and was based in Canada. He was the only Pakistani employee of Exxon working abroad (in Canada) when the famous management buyout
of Engro took place in 1991. Umar came back to Pakistan and in 1997 was appointed the first CEO of Engro Polymer & Chemicals, the group’s petrochemical arm.

He became the President and CEO of Engro Corporation in 2004. He immediately made the company take a global perspective, becoming the first Pakistani private sector firm to hire US consulting firm McKinsey & Company to help create the Engro’s strategy. As a result, Engro made changes to its corporate structure and went on a global expansion kick by buying out a US-based food company and beginning expansion into the fertiliser business in North Africa to supply the European market.[6][1]

In 2009, he was awarded Sitara-i-Imtiaz for his public service.[12]

He took an

early retirement as president and CEO from Engro in April 2012[6][13][14] at the age of 50 amid speculation that he would pursue a political career.[15]

Umar is credited for turning a chemical company into a major conglomerate[6][14][15] and is considered one of the most popular and highly paid CEOs in Pakistan.[1][14] During his tenure as CEO of Engro Corporation, Umar was paid about PKR 68.6 million for the year 2011.[1]

Political career

Early years (2012–2018)

He joined Pakistan Tehreek-e-Insaf (PTI) in 2012 and was made Senior Vice President.[6][14][15][16]

He was elected to the

Constituency NA-48 (Islamabad-I) as a candidate of PTI in the by-elections held in August 2013.[17][18] He received 48,073 votes, defeated a candidate of Pakistan Muslim League (N) and became an MNA.[19] After Pakistan General Elections 2013
, Asad served in the following Standing Committees of the National Assembly:

  • Standing Committee on Industries and Production. (Chairman Committee from 2013 till 2018)
  • Standing Committee on Cabinet Secretariat.
  • Standing Committee on Finance, Revenue and Economic Affairs.

In 2014, Lahore University of Management Sciences cancelled a scheduled speech of Umar due to being political in nature rather than educational.[20]

Re-election and ministries (2018–2023)

He was re-elected to the National Assembly as a candidate of PTI from Constituency

NA-54 (Islamabad-III) in 2018 Pakistani general election.[21] He received 56,945 votes and defeated Anjum Aqeel Khan and again became an MNA.[22] After Pakistan General Elections 2018
, Asad served in the following Standing Committees of the National Assembly:

  • Special Committee on Agricultural Products.
  • Non-Ministerial Standing Committee on Business Advisory.
  • Standing Committee on Finance, Revenue and Economic Affairs. (Chairman Committee from 8 May 2019 till 30 November 2019)

Following his successful election, Umar was named as the potential candidate for the office of

Finance, Revenue and Economic Affairs Minister of Pakistan in the Federal Cabinet of Prime Minister Imran Khan.[24] On 18 September 2018, he presented the amended finance bill for fiscal year 2018-2019 in the National Assembly.[25]

On 11 October 2018, Umar held a meeting with

Finance Ministry.[28]

From 8 May 2019 till 30 November 2019, Asad Umar served as the Chairman Standing Committee of the National Assembly of Pakistan for Finance, Revenue, and Economic Affairs. This is a key office as the chairman can ask the finance minister and his ministry regarding their performance. Moreover, the chairman can also give advice to the finance minister and the finance ministry regarding their policies. On 9 July 2019, Umar started working as the Member of Economic Advisory Council (Pakistan) after the recommendations of Prime Minister Khan.

He is working as the Focal Person for Supervision & Coordination amongst Government Agencies for All Mega Projects in

Federal government of Pakistan
since 1 November 2019.

On 30 September 2019, news emerged that Imran Khan will do a cabinet reshuffle, and Umar would return to the cabinet. On 19 November 2019, he was reinducted into Federal Cabinet and appointed as Federal Minister for Planning, Development, Refor, and Special Initiatives. He was previously working as the Chairman of the cabinet committee on the China–Pakistan Economic Corridor.

On 20 March 2020, he was appointed as the Chairman of Cabinet Committee on Energy, replacing Abdul Hafeez Shaikh. He also chaired the National Command and Operation Center (NCOC) that dealt with the COVID-19 pandemic in Pakistan.

Party positions

Chairman PTI Imran Khan appointed Asad Umar as PTI secretary-general on 25 Dec 2021.[29] On 25 May 2023, Asad Umar resigned from his party position as Secretary General of PTI by condemning the attacks on 9 May.[30]

Departure from Politics

Following the arrest of party leader Imran Khan on May 9, 2023, and subsequent nationwide riots, the PTI faced a government crackdown that included the arrest of hundreds of prominent members.[31]

In a press conference on May 24, 2023, Umar condemned the violence of May 9th and announced his resignation from party positions.[32] He later, in November 2023, formally declared his departure from politics altogether, citing disagreement with the party's confrontational approach towards state institutions.[31]

References

  1. ^ a b c d e f "Corporate titan: After 27 years at Engro, Asad Umar calls it a day". The Express Tribune. 16 April 2012. Retrieved 7 April 2022.
  2. ^ "Asad Umar steps down from PTI leadership roles". Daily Pakistan Global. 24 May 2023. Retrieved 25 May 2023.
  3. ISSN 0971-751X
    . Retrieved 2 June 2023.
  4. ^ a b c Zehra Shigri (9 June 2013). "Winds of change". The News US Magazine. Archived from the original on 9 June 2013. Retrieved 26 February 2017.
  5. ^ a b c "Featured Interviews - Mr. Asad Umar". alumni.iba.edu.pk. IBA. Archived from the original on 9 October 2016. Retrieved 26 February 2017.
  6. ^ a b c d e f "Engro president quits". DAWN.COM. 17 April 2012. Archived from the original on 27 February 2017. Retrieved 26 February 2017.
  7. ^ "Interview with Ghulam Umar, August 8, 2006". Louie B. Nunn Center for Oral History. Retrieved 31 October 2023.
  8. ^ "Brother of Sindh governor and PTI's Asad Umar passes away in Karachi". The Express Tribune. 24 June 2018. Retrieved 8 March 2019.
  9. ^ "PML-N appoints Mohammad Zubair as Nawaz Sharif, Maryam's spokesperson". www.thenews.com.pk. Retrieved 7 April 2022.
  10. ^ "Muhammad Zubair named Sindh governor - The Express Tribune". The Express Tribune. 31 January 2017. Archived from the original on 31 January 2017. Retrieved 26 February 2017.
  11. ^ "Two talented brothers wrestle political issues for opposing sides". DAWN.COM. 21 February 2014. Archived from the original on 27 February 2017. Retrieved 26 February 2017.
  12. ^ "List of civil award winners". DAWN.COM. 16 August 2009. Archived from the original on 27 February 2017. Retrieved 26 February 2017.
  13. ^ "Engro CEO Asad Umar decides to quit". Daily Times.com. 17 April 2012. Archived from the original on 14 October 2013. Retrieved 19 April 2012.
  14. ^ a b c d "From Engro to PTI: A look back and forward at Asad Umar's life - The Express Tribune". The Express Tribune. 29 April 2012. Archived from the original on 22 December 2016. Retrieved 26 February 2017.
  15. ^ a b c "New recruit: Former Engro CEO Asad Umar joins PTI - The Express Tribune". The Express Tribune. 19 April 2012. Archived from the original on 21 December 2016. Retrieved 26 February 2017.
  16. ^ "Pakistan Tehrik-i-Insaaf". DAWN.COM. 23 March 2013. Archived from the original on 27 February 2017. Retrieved 26 February 2017.
  17. ^ "PTI man wins NA-48 amid low turnout". DAWN.COM. 23 August 2013. Archived from the original on 27 February 2017. Retrieved 26 February 2017.
  18. ^ "By-election: 32 per cent turnout in NA-48 by-election - The Express Tribune". The Express Tribune. 24 August 2013. Archived from the original on 23 August 2013. Retrieved 26 February 2017.
  19. ^ "2013 election result" (PDF). ECP. Archived from the original (PDF) on 1 February 2018. Retrieved 25 April 2018.
  20. ^ "LUMS cancels Asad Umar's talk". DAWN.COM. 12 November 2014. Archived from the original on 27 February 2017. Retrieved 26 February 2017.
  21. ^ "Pakistan election results live: Imran Khan wins in Pakistan but needs support to form government". GulfNews. 27 July 2018. Retrieved 1 August 2018.
  22. ^ "NA-54 Result - Election Results 2018 - Islamabad 3 - NA-54 Candidates - NA-54 Constituency Details - thenews.com.pk". www.thenews.com.pk. Retrieved 7 April 2022.
  23. ^ "Naya minister, meet purani ministry - Profit by Pakistan Today". Profit by Pakistan Today. 30 July 2018. Retrieved 9 August 2018.
  24. ^ Dawn.com (20 August 2018). "16 ministers from PM Khan's cabinet sworn in". DAWN.COM. Retrieved 7 April 2022.
  25. ^ Khan, Sanaullah (18 September 2018). "Government cuts development spending, increases taxes on country's elite". DAWN.COM. Retrieved 18 September 2018.
  26. ^ Politi, James; Bokhari, Farhan (11 October 2018). "Pakistan formally seeks 'financial assistance' from IMF". Financial Times. Retrieved 7 April 2022.
  27. ^ "Reports PM unhappy over Asad Umar's performance refuted". The Express Tribune. 12 October 2018. Retrieved 7 April 2022.
  28. ^ Dawn.com (18 April 2019). "'Time to take difficult decisions': Asad Umar steps down as finance minister, will not hold any portfolio". DAWN.COM. Retrieved 7 April 2022.
  29. ^ "PM Imran Khan appoints Asad Umar as PTI secretary-general in new party setup". www.thenews.com.pk. Retrieved 7 April 2022.
  30. ^ Web Desk (26 May 2023). "45 Members Left in the recent wave of Departures from Pakistan Tehreek-e-Insaf (PTI)". Life In Pakistan. Retrieved 29 May 2023.
  31. ^ a b Dawn.com (11 November 2023). "Asad Umar resigns from PTI, completely quits politics". DAWN.COM. Retrieved 9 March 2024.
  32. ^ Desk, BR Web (24 May 2023). "Asad Umar resigns as PTI secretary general". Brecorder. Retrieved 9 March 2024.
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