Islamabad (March 08, 2018): The federal government has appointed investment banking expert and special assistant to the prime minister Ali Jahangir Siddiqui as Pakistan’s ambassador to the US.
The prime minister Shahid Khaqan Abbasi gave the go-ahead for the appointment and he would replace Aizaz Chaudhry who had returned from the US after expiry of his tenure.
Click Play Button to Watch this Video
The newly appointed ambassador is the son of renowned businessman and banker Jahangir Siddiqui. Ali had also served as chairman of JS Bank and JS Private Equity.
In 2014, he was honoured by the World Economic Forum as a Young Global Leader.
Pakistan’s Ambassador to the United States Aizaz Chaudhry’s tenure is due to expire and the government hasn’t offered him an extension. Siddiqui was appointed as the special assistant to the PM in August 2017.
Siddiqui’s appointment will be finalised after Washington reviews the candidate and sends a decision. An ambassador’s status is only finalised after the host country – in this case, the United States – sends in an approval.
Pakistani Ambassador in United States Aizaz Chaudhry was trying to get an extension in his job tenure after lapse of his tenure. The diplomatic sources said that Chaudhry was in Islamabad after being retired and is eyeing to get an extension in his job and secure the same post of Ambassador to US.It is pertinent to mention here that Aizaz Chaudhry was appointed an ambassador to the United States in February 2017 by the former prime minister Nawaz Sharif and he took charge of his responsibilities in March.
Earlier he was serving as the foreign secretary and later after his transfer from the post, it was taken over by Tehmina Janjua.
Ali Jahangir Siddiqui Profile
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.