Business magnate Ali Suleman Habib passes away at 63

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Prominent businessman and a scion of one of Pakistan’s oldest business families, Ali Suleman Habib passed away in Karachi on Friday after suffering from pancreatitis . He was 63.

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

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 also a member of the Board of Governors of Habib University, which the Habib family established.

Habib was the founding chairman of the Young Presidents Organisation, Pakistan Chapter, and chairman of the Pakistan Business Council. He was also a member of the Board of Governors of the Shaukat Khanum Memorial Trust.

He graduated with a mechanical engineering degree from the University of Minnesota, USA and also attended the PMD Programme at Harvard.

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