Ali Habib, prominent businessman and chairman of Indus Motors, passes away in KarachiArchive
Ali Suleman Habib, a business magnate and chairman of the Indus Motor Company Ltd (IMC), passed away in Karachi on Friday.
His death was confirmed by the Habib University, where he was a member of the board of governors. The cause of his death wasn't immediately known.
IMC, a joint venture of the House of Habib, Toyota Motor Corporation, and Toyota Tsusho Corporation of Japan, manufactures and markets Toyota brand vehicles in Pakistan.
The prominent businessman also headed and oversaw the operations of the House of Habib, a conglomerate of companies employing over 15,000 people, according to his profile provided by Habib University. The group has four publicly-listed companies.
Habib was the founding chairman of the Young Presidents Organisation, Pakistan Chapter, and former chairman of the Pakistan Business Council. He also served on the Board of Governors of the Shaukat Khanum Memorial Trust.
Prime Minister Imran Khan expressed grief at his passing in a tweet, terming him an "old friend" and a "respected and enterprising businessman".