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.