Name: Asad Umar
Father Name: Abdul Rahim Khan
Born City: Rawalpindi
Birth Day : September 8, 1961
Profession : Politician , Entrepreneur
Party: PTI ( Central Senior Vice President of PTI )
Education : B.Com ( Government College of Commerce & Economics ), MBA ( IBA Karachi )
- An agreement in principle has been reached on all outstanding issues with IMF. Technical details and formalities will now be finalised during the IMF’s staff level visit to Pakistan later this month.
Asad Umar says IMF negotiations to conclude in two days
- Federal Minister for Finance,
#AsadUmar has said that #Pakistan and #China have agreed on a financial agreement and added that soon the two countries would ink the deal. ( 13 April )
Who is Asad Umar?
Asad Umar was born in 8 Sept, 1961 in Rawalpindi, Pakistan. His father was an Army officer. He is the youngest among his 6 other siblings. Umar graduated as an MBA from the Institute of Business Administration, Karachi( 1984). Umar worked in HSBC Pakistan after graduation for seven months.
Umar started 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 on, he was elected as the President and CEO of Engro Corporation in January 2004 and transformed the business from a mere chemical company to a giant conglomerate. It was his idea to diversify into dairy and food business and today ‘Engro Foods’ stand as the highest profit producing subsidiary of Engro Corporation. It was in his tenure when Engro became the first Pakistani company to buy a business entity abroad when the company earlier in 2012 bought Canadian based food company ‘Al Safa Halal’.
Umar has been quoted about his first salary as saying, “I still remember the exact figure of my first salary: Rs 3,200 per month. At the time he left the company, he was the highest paid CEO in the country who received Rs 7 million per month as salary.
Asad Umar resigned as CEO of Engro Corporation on 19 April 2012 and joined Pakistan Tehreek-e-Insaf. At PTI, he will be part of committee to work on a draft paper to suggest economic reforms to take Pakistan out of current financial crisis.
In 2010, he was awarded Sitara-i-Imtiaz for his public service.
- National Assembly of Pakistan from Constituency NA-48 (Islamabad-I)
This time he is part of election from NA-54 ( Islamabad ).