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Ali Jehangir Siddiqui

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Ali Jehangir Siddiqui
Pakistan's Ambassador at Large for Foreign Investment
In office
14 June 2019 – April 2022
PresidentArif Alvi
Prime MinisterImran Khan
Pakistan’s Ambassador to the United States
In office
29 May 2018 – 25 December 2018
PresidentMamnoon Hussain
Arif Alvi
Prime MinisterShahid Khaqan Abbasi
Nasirul Mulk
Imran Khan
Preceded byAizaz Ahmad Chaudhry
Succeeded byAsad Majeed Khan
Special Assistant to the Prime Minister
In office
August 2017 – May 2018
PresidentMamnoon Hussain
Arif Alvi
Prime MinisterShahid Khaqan Abbasi
Personal details
Born (1976-12-05) 5 December 1976 (age 48)
Karachi, Pakistan
SpouseSaira Munir Ahmed
Parent(s)Jahangir Siddiqui
Mahvash Siddiqui
RelativesSultana Siddiqui (aunt)
Sheheryar Munawar (cousin)
Alma materCornell University

Ali Jehangir Siddiqui (Sindhi :علي جھانگير صديقي; born 5 December 1976) is a Pakistani diplomat and entrepreneur.[1][2] He has served as the Ambassador of Pakistan to the United States, as Special Assistant to the Prime Minister of Pakistan with the status of Minister of State[3][4] and Pakistan's Ambassador for Foreign Investment in an honorary capacity.[5][6] He has also served in various business and government advisory councils, policy institutions,[7] and commercial entities.[8]

Siddiqui founded JS Bank Limited in 2006 by acquiring American Express Bank's Pakistan operations.[9] JS Bank currently has an asset base of over $4 billion, with a workforce of 5000 employees and presence in 180 cities of Pakistan.[10]

Early life and background

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Ali Jehangir Siddiqui was born into a Sindhi family to Jahangir Siddiqui, a Pakistani businessman, and Mahvash Jahangir Siddiqui, an educationist on 5 December 1976 in Karachi, Sindh.[11] At the age of 15 he launched a technology business[12] called Advance Micro Research which integrated computer network systems for corporations.[13]

His father, Jahangir Siddiqui, founded Jahangir Siddiqui & Co. Ltd in 1970[14] which later became JS Group, an investment holding company with Rs. 413 billion (US$3.7 billion) in assets as of December 2017.[15] The Group claims to employ more than 20,000 people in Pakistan and has invested in several companies in various sectors.[16]

Siddiqui's mother Mahvash Siddiqui is an educationist by profession and has served as a Professor of English Literature and Head of the English Department at Khatoon-e-Pakistan College, Karachi.[11]

Career

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Entrepreneurship

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Siddiqui has been notable in several business ventures, as a counsel and advisor throughout his career. This came from his work and investment with partners for setting up various businesses, including:

  • Airblue[17]
  • Arabian Gulf Steel (a steel producer in the UAE)[18][19]
  • Jura Energy (a Canadian oil and gas company with operations in Pakistan)[20][19]
  • RAK Ghani Glass (the largest pharmaceutical glass producer in the UAE and GCC countries)[21]
  • JS Private Equity Management (founder and later Chief Investment Officer)[22]

Board Memberships

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Siddiqui has served as a Member of the Board for Global Access Health (GAH); a social enterprise which expands access to affordable medical technology such as diagnostic tests and manufacturing processes.

Siddiqui is on the Board of Governors of IPRI, a non-partisan think-tank on international relations, lawfare, strategic studies, governance, public policy, and economic security in Pakistan.[23]

Government

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  • Board member of the Community Development Board (CDB) of the Government of Sindh[24][25]
  • Board member of the Private Sector Task Force of the Planning Commission of the Government of Pakistan[26]
  • Board member of the Board of Investment of the Government of Sindh[27]
  • Board member of the Privatization Commission of the Government of Pakistan[28]

He had previously been a member on the boards of different government institutions.[citation needed]

Public service

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Until he took up his government roles, Siddiqui was the CEO of the Mahvash & Jahangir Siddiqui Foundation (MJSF), which provides grants to the education, humanitarian relief, healthcare and social enterprise sectors in Pakistan.[29] After the 2010 floods, MJSF established refugee camps accommodating more than 10,000 affected individuals, providing food supplies to over 20,000 people and clean water for over 100,000 people during the 4-month relief operations period. MJSF worked in coordination with the UN agencies and INGOs.[30][31]

Apart from humanitarian services, Siddiqui is also known to support the arts.[32]

He served on the board of Acumen, a global social enterprise investment firm, for nine years.[33]

Special Assistant to the Prime Minister

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Soon after Shahid Khaqan Abbasi became Prime Minister of Pakistan, Siddiqui joined the Government and served as a Special Assistant to the Prime Minister with the status of a Minister of State from August 2017 until May 2018.[4]

Ambassador to the US

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In March 2018, he was appointed as the Ambassador of Pakistan to the United States and commenced his duties on 29 May 2018.[34]

As Ambassador, he handled numerous regular engagements and meetings such as Congressional Outreach Programs, Think-tank meetings, Trade & Economy sittings, Embassy events, and Media as well as academia addressing.[35]

Prior to his appointment as the Pakistani Ambassador to the United States, the National Accountability Bureau (NAB) claimed that Siddiqui was involved in matters relating to three companies: Azgard, Agritech, and Monte Bello which caused losses to investors and shareholders.[36] Their claim was that he's the director of Azgard which siphoned moneys amounting to €23.758 million to purchase the company Monte Bello SRL using another company Fairytal SRL Sweden which resulted in loss for shareholders. He also sold shares under Azgard to government institutions at higher market rate in order to compensate for the company's loans.[37]

On the contrary, other reports suggested that the allegations from NAB were baseless. These allegations were politically driven because the Azgard and Agritech matters were already sub-judice prior to Siddiqui's appointment and Siddiqui was neither a party nor a respondent in these proceedings. Siddiqui had also left the board of directors of Montebellos parent company four years prior to its bankruptcy. The counterclaims, thus, indicated that the allegations in the investigation were an attempt to defame him and impede his appointment as ambassador. The court decided in favour of Siddiqui.[38]

Siddiqui's reputation and work was acknowledged by US commentators[39] while it was frequently criticized by Indian media.[40]

In June 2018, Siddiqui presented his credentials to US President Donald Trump.[41][42]

In July 2018, Siddiqui met James Mattis, the US Secretary of Defence. The meeting took place at the Pentagon where Siddiqui received a guard of honor on behalf of Pakistan.[43]

During celebrations for Pakistan's 71st Anniversary of Independence in August 2018 at the Pakistani Embassy in Washington, Principal Deputy Assistant Secretary of State for South and Central Asian Affairs Ambassador Alice Wells, the chief guest at the event, acknowledged Pakistan's sacrifices against terrorism.[35][44]

In October 2018, the Pakistani Foreign Minister Shah Mehmood Qureshi announced a change in Pakistan's ambassadorial appointments to multiple countries including the United States, Canada, Saudi Arabia, Qatar, Serbia, Cuba amongst others. The individuals being changed were appointed during the regime of Pakistan Muslim League-Nawaz (PML-N).[45][46]

Speaking of Siddiqui’s role with regards to Pak-US relations at the launch of the Pak-Americana Report by Tabadlab on February 12, 2021, the Former Foreign Secretary of Pakistan, Salman Bashir, credited Ali Jehangir Siddiqui for overcoming obstacles and specifically making possible the Pakistan PM's visit to the White House.[47]

Ambassador for Foreign Investment

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On 13 June 2019, Ali Jehangir Siddiqui was appointed as the Ambassador for Foreign Investments in an Honorary Capacity.[48]

Under his tenure due to the efforts of the PTI government in encouraging foreign and local investments in the country, Hutchison Port Holdings—Hong Kong–based port operator—committed on 15 October 2019 to invest US$240 million in Karachi Port[49] in order to make it a major trading hub.[50]

The Pakistani Prime Minister, Imran Khan, received the delegation of the group in October 2019, led by their Managing Director, Eric Ip.[51][52]

World Economic Forum

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Siddiqui was appointed to lead Pakistan Prime Ministers’ agendas at the World Economic Forum Annual Meetings in 2018 and 2020. In an interview, he summarized the delegation’s engagements at WEF 2020 under the key themes of economic partnership with Turkey, increased footprint among existing Japanese conglomerates, and Digital Pakistan.[53][54]

In 2014, he was honored as a Young Global Leader by the World Economic Forum.[55]

Multilateral engagement

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As Special Assistant to the Prime Minister in 2017 and 2018, Siddiqui participated as a member of the Prime Ministers delegations to the Organization of Islamic Cooperation, Commonwealth Heads of Government Meetings,[56] UN General Assembly,[57] Shanghai Cooperation Organization's Council of Heads of Government Meetings and the World Economic Forum Annual Meetings.[58]

He was tasked to lead the Prime Minister's agenda at the annual meeting of World Economic Forum 2020 held in January, at Davos.[59]

Personal life

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Siddiqui is married to Saira Siddiqui, a Montessori teacher by profession.[35]

Academic

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Siddiqui's early education consisted of:

Later, he lectured at various institutions, including:

  • 2012: College of William and Mary in Virginia.[62]
  • 2013: National School of Public Policy in Lahore.[63]
  • 2014: National Defence University in Islamabad.[64]
  • 2018: Entrepreneurship and Management Excellence Center at Institute of Business Management in Karachi.[65]
  • 2018: School of Advanced International Studies at Johns Hopkins University in Washington DC
  • 2019: The University of Oxford[66]

Awards and achievements

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Siddiqui was listed by Pakistan's Federal Board of Revenue as amongst the top 100 individual taxpayers in Pakistan for the year 2013.[67] He was chosen as a Young Global Leader by the World Economic Forum 2014.[68][69]

Court cases

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Siddiqui has earlier been called by the National Accountability Bureau (NAB) with respect to allegations that one of his companies, Azgard Nine Limited[70] (ANL) had manipulated its stock price resulting in financial losses to investors. Despite passage of several years, no allegations have yet been proven and Ali Siddiqui has based his defence on the premise that he was neither a party nor a respondent to the cases which negates any connection with the same.[71] After a period of 1.5 years, NAB dismissed the case due to inability to establish facts. All allegations were dropped and Siddiqui was cleared by the court of law.[72]

References

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  1. ^ "Young entrepreneur Ali Jahangir Siddiqui can be a game-changer in govt business too". 31 August 2017. Archived from the original on 5 September 2017.
  2. ^ "Profile: Ali Siddiqui". New Line Magazine. July 2010. Archived from the original on 24 June 2017.
  3. ^ "PM Abbasi okays Ali J. Siddiqui's appointment as US ambassador". Dawn News. 8 March 2018. Archived from the original on 8 March 2018.
  4. ^ a b "PM appoints Ali Jahangir Siddiqui as special assistant". The Express Tribune. 31 August 2017. Retrieved 6 November 2018.
  5. ^ "Ali Jahangir Siddiqui appointed Ambassador-at-Large for Foreign Investment". MettisGlobal. 14 June 2019.
  6. ^ "Ali Jahangir Siddiqui appointed ambassador-at-large for investment". DAWN. 14 June 2019.
  7. ^ "Ali Jahangir Siddiqui Assumes Charge As Pakistan's Envoy". Business Tribune.
  8. ^ "Ali Jahangir Siddiqui: Chairman of JSPE and JS Bank". Flare Business News Magazine. 30 May 2017. Archived from the original on 17 December 2017.
  9. ^ "American Express merged into JS Bank". Business Recorder. 7 January 2007. Retrieved 6 November 2018.
  10. ^ "JS Bank Annual Report" (PDF). JSBL.
  11. ^ a b "Ali Jehangir Siddiqui – Ambassador, Nationalist, Humanitarian". MonthlyBrands.com.pk.
  12. ^ "Profile: Ali Siddiqui". Newsline. Retrieved 6 November 2018.
  13. ^ "Ali J. Siddiqui". PrideofPakistan.com.
  14. ^ "JS Group: An Eclectic Business Empire". PkTribune.com. 29 May 2016.
  15. ^ "Holding Companies" (PDF). Pacra. Retrieved 6 November 2018.
  16. ^ "PM Imran approves appointment of Ali Jehangir Siddiqui as 'Ambassador-at-Large' for investment". TheNews.com.pk.
  17. ^ "Conversation with Ambassador of Pakistan to the United States, H.E. Ali Jehangir Siddiqui". meetsiddique.com. June 2018.
  18. ^ admin. "Sample Page". AGSI | ARABIAN GULF STEEL INDUSTRIES LLC. Retrieved 11 July 2020.
  19. ^ a b "Young entrepreneur Ali Jahangir Siddiqui can be a game-changer in govt business too". tns.world.
  20. ^ "Home | Jura Energy Corporation". www.juraenergy.com. Retrieved 11 July 2020.
  21. ^ "Ghani Glass: International Financial Reporting Standards". scribd.com.
  22. ^ Meyer, Thomas; Weidig, Tom (1 August 2015), "Private Equity Portfolio Management", Private Equity, Oxford University Press, pp. 181–199, doi:10.1093/acprof:oso/9780199375875.003.0011, ISBN 978-0-19-937587-5
  23. ^ "About Us".
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  28. ^ "Community Development Board of the Government of Sindh". tribune.com.pk. 31 August 2017.
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  30. ^ Dawn.com (16 August 2010). "Organisations providing relief efforts for the victims". DAWN.COM. Retrieved 10 July 2020.
  31. ^ Novogratz, Jacqueline (2 September 2010). "Dispatches From Pakistan". HuffPost. Retrieved 6 November 2018.
  32. ^ "Ali J Siddiqui, CEO MJSF inaugurates the Mahvash and Jahangir Siddiqui Art Gallery at the Alliance Francaise Karachi | JSCL". www.js.com. Retrieved 24 July 2020.
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  40. ^ Sirohi, Seema (4 September 2018). "Why is the President of a Jewish group defending Pakistan?". The Economic Times. Retrieved 6 November 2018.
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  60. ^ "Cornellians Broaden Horizons, Meet Pakistani Prime Minister During Spring Break Trip". The Cornell Daily Sun. 22 April 2018. Retrieved 11 July 2020.
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  62. ^ "Conversation with Ambassador of Pakistan to the United States, H.E. Ali Jehangir Siddiqui". Meet Muhammad Siddique. 1 June 2018. Retrieved 11 July 2020.
  63. ^ "Ali Jehangir Siddiqui bags an appointment by the PM Imran Khan as the Ambassador at large for Foreign Investment". Brands Magazine. 15 June 2019. Retrieved 10 July 2020.
  64. ^ "PM's aide Ali Jahangir appointed envoy to US". The News. March 2018. Archived from the original on 13 July 2020.
  65. ^ "Ali Jahangir Siddiqui Enlightens Future Leaders and Entrepreneurs". Institute of Business Management. Retrieved 6 November 2018.
  66. ^ "Ali J. Siddiqui addresses politico-economic discourse on Pakistan at Oxford University". Daily Times. 15 November 2019. Retrieved 10 July 2020.
  67. ^ Khan, Mubarak Zeb (16 July 2014). "Pakistan's top tax payers". DAWN.COM. Retrieved 6 November 2018.
  68. ^ "Three Pakistanis selected to World Economic Forum's Young Global Leaders program | Pakistan Today". www.pakistantoday.com.pk. Retrieved 10 July 2020.
  69. ^ "Young Global Leaders 2014 - World Economic Forum". widgets.weforum.org. Retrieved 6 November 2018.
  70. ^ "Azgard9 - Future Before Fashion". azgard9.com.
  71. ^ MarketScreener. "Azgard Nine : NAB announces closure to petition filed against Azgard Nine and Agritech Limited | MarketScreener". www.marketscreener.com. Retrieved 10 July 2020.
  72. ^ "NAB Announces Closure of Petition Filed Against Azgard Nine And Agritech Limited". RegionalTimes. 20 December 2019. p. 2. Retrieved 28 January 2020.
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