KARACHI — Sheikh Mukhtar Ahmad, a prominent Pakistani banker and entrepreneur, passed away on Friday, Allied Bank Limited (ABL) announced in a notice to the Pakistan Stock Exchange (PSX).
The notice described him as a “respected sponsor director of Allied Bank Limited” and expressed deep sorrow over his passing.
Sheikh Mukhtar began his business career shortly after migrating from India following Pakistan’s independence in 1947. Over a career spanning more than 63 years, he contributed to Pakistan’s industrial and business growth and held leadership roles across various enterprises.
He served on the Board of Directors of Allied Bank Limited since 2005 and was a certified director from the Pakistan Institute of Corporate Governance. Sheikh Mukhtar also chaired the boards of Ibrahim Fibres Limited, Ibrahim Holdings (Private) Limited, Ibrahim Agencies (Private) Limited, and ABL Asset Management Company Limited, and was a board member of the Ibrahim Welfare Foundation.
Federal Minister of Interior Mohsin Naqvi expressed grief over his passing, extending condolences to the family and paying tribute to his contributions to banking and business in Pakistan.
