The prominent business tycoon Rafique M. Habib died at age 88, Habib University said Wednesday.
“With deep sadness, Habib University cries the death of its founding chancellor, Rafiq M. Habib (1937-2025), and honors its lasting legacy,” said Habib University in an Instagram post.
Rafiq was the former head of the conglomerate of the Habib Chamber, Chancellor of the Habib University and a member of the Board of Directors of the Stile Company. He was also president of the Foundation of Habib University.
It was a “administrator of several well -being projects that cover a wide range of activities, including education, medical care, relief and rehabilitation,” said the university team.
According to Stiles, Rafiq had a “extensive commercial experience” in the insurance and banks industry, and promoted many companies, including Indus Motor Company Limited.
The businessman remained as Habib Bank Ag Zurich consultant, who has the Metropolitan Bank Habib as his subsidiary in Pakistan. It also served for several years on the Board of Directors of Philips Electrical Company of Pakistan Ltd and was the first president of the Standard Chartered Bank advisory board in the country.
More to follow
