Posthumous honour for BCCI founder

Award will be made official during ceremony on March 23


Saad Hasan February 10, 2015
Agha Hasan Abedi meeting the Pope. PHOTO: FILE

KARACHI:


Almost twenty years after his death, the Pakistan government has decided to bestow the Sitara-e-Imtiaz on Agha Hasan Abedi, founder CEO of United Bank, the third largest bank in the country, and Bank of Credit and Commerce International (BCCI), the only global bank to have been founded in Pakistan.


The announcement was made by President Mamnoon Hussain’s office on Monday, saying that the award will be officially made during a ceremony on March 23.

“The late Agha Hasan Abedi was a famous banker and he backed many literary and educational institutions in Pakistan and other third world countries,” the brief communiqué read.

Born in India’s UP state in 1922, Abedi earned a Masters degree in English from Lucknow University. Known internationally for questionable business practices, in Pakistan he is remembered for supporting leading health and educational institutions like FAST, GIKI and SIUT.  He died on August 6, 1995 at the age of 74.

Published in The Express Tribune, February 10th, 2015.

COMMENTS (14)

Shah(Berlin) | 6 years ago | Reply @Woz Ahmed: And Barclay ABN AMBRO and other banks are saints right....??? Why only play with BCCi
Mahmood Kamal | 6 years ago | Reply Raja Poras describes Abedi using Ghaith Pharon' name in investing in Attock Oil as simply innocent action and calls Ghaith Pharon a thief. Great. This is what Abedi has been doing in many countries. This is called financial crime and was punished for purchasing American Banks by the same trick.
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