Shah mahmood qureshi
- •
Asad Umar
Asad Umar, Minister of Finance, Government of Pakistan is a Pakistani politician who is the current Federal Minister for Finance, Revenue, and Economic Affairs, in office since 20 August 2018. Asad Umar worked in HSBC Pakistan after graduation for seven months. He joined Exxon Chemical Pakistan in 1985 as a business analyst and was based in Canada. Umar came back to Pakistan to join Engro Corporation in 1985. In 1997 was appointed the first CEO of Engro Polymer and Chemicals, the petrochemical company of the group. He became the President and CEO of Engro Corporation in 2004. In 2009, he was awarded Sitara-i-Imtiaz (National Citizen’s award) for his public service. He took early retirement as president and CEO from Engro in April 2012 at the age of 50. He joined Pakistan Tehreek-e-Insaf (PTI) in 2012 and was made senior vice president of PTI. He was elected to the National Assembly of Pakistan as a candidate of PTI in by-election held in August 2013.
Read more- •
Born in 1961 in Rawalpindi, Pakistan, Asad Umar, the Central Senior Vice President, is currently one of the most prominent leaders of Pakistan Tehreek e Insaf.
His father was an Army officer and his family has a long history of military career. He is the youngest among 7 siblings. Umar graduated as an MBA from the Institute of Business Administration, Karachi in 1984. Although he is a renowned political figure, he is equally famous and respected because of his role and contribution in Pakistan’s corporate sector.
Career Before Politics
Umar’s 27-year career at Engro began in 1985, when the company was still a subsidiary of ExxonMobil, the global oil giant. He joined the company as a business analyst, and was working for it 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. Later, he was elected as the President and CEO of Engro Corporation in January 2004 after which he transformed the business from a mere chemical
- •
The youngest of seven siblings, Asad Umar is the son of Major General Ghulam Umar. His 27-year career with Engro Corporation began in 1985 as a business analyst with a stint abroad in Canada while the company was still a subsidiary of ExxonMobil.
A graduate of Karachi's Institute of Business Administration from the class of 1984, Asad joined Exxon Chemical Pakistan in February 1985. He returned to Pakistan in 1997 and rose to the rank of President and CEO of Engro in 2004.
Born in September 1961, Umar retired early at the age of 50 in 2012, credited with "dramatically transforming a chemical company into a major Pakistani conglomerate". He joined Imran Khan's Pakistan Tehreek-i-Insaf (PTI) the same year.
But while his admirers pointed to the corporation’s ballooning revenues [from Rs13 billion in 2004 to Rs114 billion in 2011] during his tenure, his critics highlighted the dismal drop in Engro’s shares — largely the result of a fertiliser plant Umar pursued adamantly.
He was awarded the Sitara-i-Imtiaz in 2009 for public service.
People & Society:General manager: Asad
Copyright ©bitelogy.pages.dev 2025