Rafiq M Habib, prominent Pakistani businessman and philanthropist, passed away in Dubai at the age of 88. Rafiq M Habib passed away leaving a legacy in Pakistan’s corporate and educational sectors.
Rafiq M Habib was the chairperson of the House of Habib, a big business family in Pakistan. The group grew under his leadership by venturing into banking, insurance, automotive and energy. He was a major part of Indus Motor Company and a consultant at Habib Bank AG Zurich.
Key roles held by Rafiq M Habib included:
- Chairman of Habib Insurance Company Limited
- Chairman of Thal Limited
- Chairman of Shabbir Tiles & Ceramics Limited
- Director on boards of Philips Electrical Pakistan and Standard Chartered Bank advisory board
Rafiq M Habib was the first chancellor of Habib university in Karachi and chairman of Habib University Foundation. Rafiq M Habib was a person who contributed to the development of higher education and philanthropy in Pakistan. He funded education, health and welfare of communities in Pakistan.
Habib University said that the driving force of the institution was Rafiq M Habib. President Wasif Rizvi emphasized on the establishment of the world-class university in Karachi. House of Habib, Thal Limited and Habib Insurance Company also showed regrets.
Rafiq M Habib passed away leaving institutions and philanthropic initiatives that continue to impact thousands. His death marks the end of an era in Pakistan’s business and education sectors.
