Asad Umar (Politician)

Article Upload Date: 2016,Nov 28

Asad Umar (Urdu: اسد عمر‎; born c. 1961) is a Pakistani politician and retired businessman. A member of Pakistan Tehreek-e-Insaf, Umar has been a member of the National Assembly of Pakistan representing Islamabad, since 2013.Asad Umar (اسد عمر) (Born 8 September 1961 )[1] Ary News  is a Pakistani legislator and retired businessman who serve's as high-ranking member of the Pakistan Tehreek-e-Insaf since April 2012.

[2]  Born in Rawalpindi , he was raised mainly in Karachi. Umar studied commerce at the Government College, Karachi and moved on to receive his MBA in finance from IBA Karachi in 1984. He initially joined HSBC but left few month's later to work with ExonMobil in Karachi. He moved to work as an analyst at the company's Canadian operations in 1989, but returned back to Pakistan in 1991, after the employee buyout of ExxonMobil's Pakistan's operation's which led to the establishment of the Engro Corp. He continued working with Engro, and in January 1997 was appointed as the head of Engro's chemicals division.[3] Tenure at Angro  Wikipedia
Umar became the chief executive officer of Engro in January 2004, and remained so until April 2012. During his tenure he established Engro Foods, while expanding the company's existing operations. He also oversaw the increase in corporate revenues from Rs.13 billion in 2004 to Rs,114 billion in 2011.His tenure at Engro made him one of the most popular and highly paid CEOs in Pakistan.He joined Pakistan Tehreek-e-Insaf shortly after his departure from Engro, and worked as party's national campaign manager during the 2013 elections. He was elected to the National Assembly in August 2013 from Islamabad and serve's as a frontbencher for the party [4]Ex Engro CEO Join PTI 

Title Description
Personal
Name: Asad Umar
Nationality: Pakistan
Residence: Rawalpindi, Punjab, Pakistan
Education: Bachelor of Commerce Masters in Business Administration (MBA)
Alma Mater : Government College, Karachi Institute of Business Administration, Karachi
Religion: Islam
Profession: Ex Businessman, Politician
Awards : Sitara-i-Imtiaz
Born
Date: 8 September 1961
Place: Rawalpindi, Punjab, Pakistan
Family
Parents: Late Mohammad Umar (father)
Siblings : Zubair Umar (Brother)
Career
Political Party: Pakistan Tehreek-e-Insaf (PTI)
Serve As: Campaign Manager
Term Begin : 23 March 2013
Member of the National Assembly
Constituency: NA - 48
Preceded by: Chaudhary Muhammad Ashraf Gujjar (PMLN)
Assumed office: 22 August 2013


Early Life and Education

In an interview, Umar said he was born in Rawalpindi in 1961 and is the youngest of six brothers and one sister. His father was an army officer. After his father’s retirement from military, he moved to Karachi along with his family. He is the youngest brother of Mohammad Zubair.Umar received a degree in Commerce (B.Com) at the Government College of Commerce & Economics.Umar graduated from IBA Karachi in 1984 from where he received an MBA degree.[5]  Early Life and Education 

Professional Career

  1. He worked in HSBC Pakistan after graduation for seven months.
  2. He joined Exxon Chemical Pakistan in 1985 as a business analyst and was based in Canada. He was the only Pakistani employee of the company.
  3. Umar came back to Pakistan to join Engro Corporation in 1985.
  4. In 1997 was appointed the first CEO of Engro Polymer and Chemicals, the petrochemical company of the group.
  5. He became the President and CEO of Engro Corporation in 2004.
  6. In 2009, he was awarded Sitara-i-Imtiaz for his public service.
  7. He took early retirement as president and CEO from Engro in April 2012 at the age of 50.
  8. Umar is being credited for turning a chemical company into a major conglomerate and is considered one of the most popular and highly paid CEOs in Pakistan.[6]  Professional Career 

Political Career

He joined Pakistan Tehreek-e-Insaf in 2012 and was made senior vice president of PTI.He was elected as a Member of the National Assembly of Pakistan for the first time for Constituency NA-48 on PTI ticket in by-election held following Pakistani general election, 2013.In 2014, Lahore University of Management Sciences cancelled a scheduled speech of Umar due to being political in nature rather than educational.[7]  Political Career 

How Asad Umar Join PTI

Asad Umar, recently took early retirement at the age of 50 amid rumours of joining PTI, made the announcement at a press conference with party chief Imran Khan in Islamabad. He was long rumoured to have harboured political aspirations. In recent months, the blogosphere had been increasingly vocal about Umar’s political leanings, which he had hinted at strongly by participating in the Pakistan Tehreek-e-Insaaf’s “Professionals Forum”. [8] How he join PTI

Asad Umar Brother

Mohammad Zubair Umar  is a Pakistani politician who served as 32nd Governor of Sindh. A member of the Pakistan Muslim League (N), he had served as the Chairman of Privatisation Commission of Pakistan with the status of junior minister from 2013 to 2017. He also served for almost 18 months from Feb 02, 2017 to Aug 03, 2018. On September 2018 the government decided to give him a pension after his retirement which Asad Umar denied by saying that according to rule pension is given to those who complete their 2 years under the same capacity so my brother is not eligible for that.

Winner of NA 54 Islamabad

Asad Umar who joined Pakistan Tehreek e Insaf a long time ago has won the General Elections of 2018 from NA 54 Islamabad by securing 56945 votes. His competitor Anjum Aqeel who is the member of Pakistan Muslim League secured 32991 votes and remained at the second position, while the third position was gathered by an Independent candidate. He was also the CEO of Engro Pakistan and was the highest paid CEO and according to the source, he will be the next Finance Minister. On 18th August 2018, Imran Khan appointed him as a Minister of Finance, Revenue and Economic affairs.

Resignation of Finance Minister Asad Umar

There is a hot news on the internet these days about the resignation of finance Minister Asad Umar which he completely denied by calling it a propaganda against Pakistan Tehreek-e-Insaf. Rumors are circulated that the performance of Asad Umar is not satisfactory due to which the inner circle ôf the government is also not happy. However, the Prime Minister house sources have shut down the rumors and clarified that Asad Umar has a full brace of PM and he will continue his services as he was doing before.

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