Ministry of Planning
Development & Special Initiatives
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Federal Minister Ministry of Planning Development & Special Initiatives

Profile:

Asad Umar serving as Pakistan's Minister for Planning, Development & Special Initiatives from 19th November 2019 till date. Previously he served as Federal Minister for Finance, Revenue & Economic Affairs from 20th August 2018 to 18th April 2019. Started his political career in year 2012 with Pakistan Tehreek e Insaf. He was elected as Member National Assembly of Pakistan from 2013 to 2018, and reelected in July 2018. Asad Umar also served as Chairman, National Assembly's Standing Committee on Industries and Production from 2013 to 2018 and Chairman, National Assembly's Standing Committee on Finance from 13th May 2019 to 4th December 2019. Born in 1961 in Rawalpindi, Pakistan, 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 company to a giant conglomerate. It was during his tenure when Engro for the first time bought businesses in food and information technology in north America. On March 8 2009, Mr. Asad Umar received the Marketing Association of Pakistan (MAP) Award of Excellence for 2009, in recognition of his contributions to the field of Marketing & Management and his positive role in Pakistan's economy. He was awarded Sitara-i-Imtiaz, by the Government of Pakistan in 2010 for his public service and engagement in promoting the cause of Pakistan through investments & social services.

Awards and Achievements:

Chairman:

• Pakistan business council

• Pakistan energy and chemical skill development company

• All Engro subsidiaries

Director:

• State Bank of Pakistan

• Karachi Stock Exchange

• Oil & Gas Development Company (OGDC)

• Pakistan State Oil (PSO)

• Port Qasim Authority

• Genco holding Company

• Dawood Hercules

• Karachi School for Business & leadership (KSBL)

• Pakistan Center for Philanthropy

• Director Pakistan Dairy Development Company

• Board of trustees LUMS

Memberships:

• Member Prime Minister Committee on Agriculture

• Member Sindh Information Technology board

• Member Sindh Endowment Fund for preservation of physical heritage in Sindh

• Chapter Chair Young Presidents Organization Pakistan Chapter

• Member staff & faculty selection committee IBA Karachi

Executive Education Programs at:

• Oxford

• Harvard

• Berkeley

• INSEAD