Ali Jahangir Siddiqui. PHOTO COURTESY: JS BANK
A notification issued by the Cabinet Division on Wednesday confirmed the appointment but made no mention of a portfolio.
With his appointment, the size of Abbasi’s cabinet has increased to 59, which include 29 federal ministers, 18 ministers of state, four advisers and eight special assistants.
Siddiqui is the chairman of JS Bank and JS Private Equity and is the son of the eponymous JS – business tycoon Jahangir Siddiqui.
He has some public sector experience as well, having served as a member of the Privatisation Commission, a member of the Private Sector Advisory Board of the Planning Commission, a member of the Sindh Board of Investment, and as a member of the Community Development Board of the Government of Sindh.
He also previously served as executive director of JS Investments. Before moving to Pakistan in 2002, Siddiqui worked in Hong Kong as a director with Crosby Capital, an Asian private equity asset management firm that managed over US$400 million including funds managed on behalf of the Hong Kong and Korean governments.
Siddiqui’s other business interests include the UAE-based Arabian Gulf Steel - Canadian oil and gas company Jura Energy, UAE-based RAK Ghani Glass, and Saudi-based Star Marine Services.
He was also honorary CEO of the Mahvash and Jahangir Siddiqui Foundation charity.
Siddiqui holds a BA in economics from Cornell University in New York and was honoured by the World Economic Forum as a Young Global Leader in 2014.
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