Syed Babar Ali

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Syed Babar Ali
Federal Minister for Finance (caretaker)
In office
23 July 1993 – 19 October 1993
PresidentWasim Sajjad
Prime MinisterBenazir Bhutto
Preceded bySartaj Aziz
Succeeded byBenazir Bhutto
Personal details
Born (1926-01-15) 15 January 1926 (age 98)
British India
NationalityPakistani
RelationsSyed Wajid Ali (brother)[1]
Syed Amjad Ali (brother)[1]

Syed Babar Ali

Finance Minister of Pakistan.[2] He is the founder of Packages Limited, Milkpak Limited (now Nestlé Pakistan) and Lahore University of Management Sciences.[3][2][4][5]
Syed Babar Ali School of Science and Engineering is named after him.

Early life and family

Syed Babar Ali was born on 15 January 1926,[2][6] to a businessman, Syed Maratib Ali, in Lahore, Pakistan. His father owned shops in the Walled City of Lahore and was a top contractor of the British Indian Army supplying them with services like logistics and all sorts of items used in regiments. The money was used to invest in land.[2][5] His mother belonged to the prominent landlord family of Lahore.[2] On his maternal side, his grandmother was a member of the Afghan royal family. He is the brother of Syed Amjad Ali and Syed Wajid Ali.[2]

He received his education from

Harvard School of Business which helped him later founding business school.[5]

Career

In the 1970s, Zulfikar Ali Bhutto's nationalization affected his five out of six companies, leaving only Packages Limited.[7][5] He served as the First and Founder Chairman of National Fertilizer Corporation of Pakistan (NFC) from 1973 until 1980, helping to set up the country's first ever fertilizer company. He did not draw any salary during his tenure as Chairman NFC. [8]

Ali is the Chairman of

Sanofi-Aventis Pakistan Limited, Siemens Pakistan Engineering Company Limited, and Coca-Cola Beverages Pakistan Limited. He believes in the joint venture philosophy and most of his businesses are joint ventures with major multinationals.[2]

In 1992, he founded 'Ali Institute of Education' for training of primary and secondary school teachers. He served as the Minister of Finance, Economic Affairs & Planning in the caretaker setup in 1993.[9]

Ali promoted the cause of the World Wide Fund for Nature where he served in various positions, both in Pakistan and internationally, from 1972 to 1996. He was the International President of WWF from 1996 to 1999 succeeding Prince Philip, Duke of Edinburgh.[2][3]

Awards

Ali received honours and awards from the

Government of Netherlands, an Order of the British Empire from Britain (1997), and was awarded an Honorary Doctorate Degree of Laws from McGill University, Montreal, Canada (1997).[10]

References

  1. ^ a b Saxon, Wolfgang (17 March 1997). "Syed Amjad Ali, 89, of Pakistan, Envoy to Washington and U.N." The New York Times. Retrieved 31 July 2020.
  2. ^ a b c d e f g h i j Agha Akbar (13 May 2018). "What makes Syed Babar Ali tick: The life story of a man of substance". Pakistan Today (newspaper). Retrieved 31 July 2020.
  3. ^ a b Past Presidents of World Wide Fund for Nature (scroll down to read Syed Babar Ali profile) World Wide Fund for Nature website, Retrieved 31 July 2020
  4. ^ a b c "One Pakistani Institution Places His Faith in Another". The New York Times. 19 December 2009. Retrieved 31 July 2020.
  5. ^ a b c d Raza, Ahsan (22 February 2016). "A man who loves to 'learn from others'". Dawn (newspaper). Retrieved 31 July 2020.
  6. ^ Reza, S. Mohammad (7 September 1990). "Persons who Shape Our Destiny: A Compendium of Bio-datas of Those Persons who are Rendering Important Services in Various Fields of National Activity". Dar Publications – via Google Books.
  7. ^ a b Ammar Sheikh (21 February 2016). "Peace the only way forward – Industrialist Syed Babar Ali shares his success story". The Express Tribune (newspaper). Retrieved 31 July 2020.
  8. ^ Hayat, Usman (25 December 2017). "Why Pakistanis do not love finance ministers". Dawn (newspaper). Retrieved 31 July 2020.
  9. ^ "Syed Babar Ali receives award from Prince Philip". Daily Times (newspaper). 2 June 2017. Retrieved 31 July 2020.
  10. ^ "Syed Babar Ali profile".

External links

Political offices
Preceded by
Finance Minister of Pakistan

1993
Succeeded by
Benazir Bhutto (never held post)