IGI Holdings Ltd
Syed Babar Ali an entrepreneur and industrialist, envisioned and set up Packages Limited (Pakistan’s largest paper & board mill), Milkpak Limited–now Nestlé Pakistan Limited (the largest food processing Company in Pakistan); Tetra Pak Pakistan Limited, IGI Holdings Limited (formerly IGI Insurance Limited) and Tri-Pack Films Limited. He is Chairman of Sanofi-Aventis Pakistan Limited, Siemens Pakistan Engineering Company Limited, and Coca-Cola Beverages Pakistan Limited. He believes in the joint venture philosophy and most of his businesses are joint ventures with major multinationals. As an educationist, he led the establishment of the Lahore University of of Management Sciences (LUMS) in 1985 of which he is the first Pro-Chancellor. LUMS is Pakistan’s premier management education institution. In 1992, he founded Ali Institute of Education for training of primary and secondary school teachers. He is a member of the Board of the following important educational institutions of Lahore: Aitchison College, Kinnaird College, and Lahore School of Economics. He is also a Founding Member of the South Asia Initiative of Harvard University and the Co-Chair of South Asia Centre for Policy Studies currently based in Nepal. He served as Pakistan’s Minister of Finance, Economic Affairs & Planning in 1993. He promoted the cause of the World Wide Fund for Nature (formerly World Wildlife Fund) where he served in various capacities, both in Pakistan and internationally, from 1972 to 1996. He was International President of WWF from 1996 to 1999 succeeding HRH Prince Philip, the Duke of Edinburgh. He is now Vice President Emeritus, WWF International, and President Emeritus WWF-Pakistan. He set up Babar Ali Foundation in 1985. The Foundation gives about a million dollars a year primarily for education and health in Pakistan. He is also a member of Layton Rehmatullah Benevolent Trust Karachi and Shalamar Hospital Lahore. He received honors and awards from the Government of Sweden, the Netherlands, an OBE from Britain (1997), and was awarded an Honorary Doctorate Degree of Laws from McGill University, Montreal, Canada (1997).
This person is not in the org chart
This person is not in any teams
This person is not in any offices
IGI Holdings Ltd
2 followers
IGI Holdings Ltd, formerly IGI Insurance Limited, is a Pakistan-based holding company. The Company, through its subsidiaries, is engaged in general insurance, securities and life insurance business. It operates through four segments: non-life insurance, life insurance, brokerage business and investment business. Its subsidiaries include IGI Life Insurance Limited (IGI Life), IGI Finex Securities Limited (IGI Finex), IGI General Insurance Limited (IGI General), IGI Investment (Pvt.) Limited (IGI Investments). IGI Life is engaged in life insurance business. IGI Finex is engaged in shares and commodities brokerage, money market and foreign exchange brokerage and advisory and consulting services. IGI General is engaged in general insurance business and General Takaful (Islamic Insurance). IGI Investments is an investment holding company engaged in investing, acquiring, selling and holding investments.