Syed Babar Ali

Syed Babar Ali (Urdu: سید بابر علی‎), born in 1927, is a Pakistani businessman, philanthropist and former Finance Minister of Pakistan. As an entrepreneur and industrialist, Syed Babar Ali envisioned and set up Packages Limited (Pakistan’s largest paper and board mill), Milkpak Limited–now Nestlé Pakistan Limited (the largest food processing company in Pakistan); Tetra Pak Pakistan Limited, IGI Insurance Company Limited, Tri-Pack Films Limited, and IGI Investment Bank. He is the 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, Ali led the establishment of the Lahore University of Management Sciences (LUMS) in 1985 of which he is the first Pro-Chancellor. LUMS is Pakistan’s premier management education institution. In a recent interview for Harvard Business School's Creating Emerging Markets project, he describes his motivations for founding LUMS and highlights the school's outreach efforts to attract both women and individuals from lower social classes. 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.

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