Funeral prayers of famend industrialist and former PIA chairman Muhammad Azam Saigol will probably be held at four:30pm on Saturday at his Gulberg residence in Lahore.
He shall be laid to relaxation thereafter on the graveyard on Gurumangat Street, his household introduced on Thursday.
Furthermore, Azam Saigol’s Qul might be held at his residence on Sunday, January 28, between Asr and Maghrib.
Saigol breathed his final on Wednesday whereas present process medical remedy in Boston, United States.
Born on Nov 17, 1951, he was the youngest of eight siblings — the youngsters of Mian Yousuf Saigol, one in every of Pakistan’s pioneering businessmen, and founding father of the Saigol/Kohinoor textile and enterprise empire.
Azam Saigol acquired his education at Aitchison School in Lahore, after which he graduated from Authorities School in the identical metropolis and thereafter proceeded to the College of Oxford within the UK the place, like two of his brothers, he was admitted to Brasenose School. He accomplished his Bachelor’s in economics and financial historical past.
Being a scion of the Saigol household meant that he was inheritor to the legacy of his father, one of many pioneer industrialists of the nation. The household had initially been settled in and doing enterprise in Calcutta, shifting to Pakistan simply earlier than Partition. Right here, they arrange the primary and one of many largest textile mills at Faisalabad, then Lyallpur. These, the Kohinoor Textile Mills, ultimately turned the most important producers and exporters of textile within the nation.
Within the early ’60s, the Saigol Group diversified and in a short while established itself within the manufacture of primary chemical compounds (Kala Shah Kaku Chemical Complicated), pesticides, polyester fibre, a number of different associated fields, and banking. United Financial institution Restricted, based and owned by the Saigol household, is now one of many largest banks in Pakistan.
Within the early ’90s, the Saigol household had based and owned Union Financial institution Restricted and Union Leasing Restricted. The Saigol group has offered technical and administration providers for textile to the governments of Libya, Somalia, and Tanzania as nicely.
Saigol began his enterprise profession in Lahore together with his household’s Kohinoor Group and spent most of his life in Pakistan, managing the household’s textile, electrical and property companies. He served the Kohinoor enterprises in numerous capacities — as government director (ED) and chief government officer (CEO), and as ED and CEO of Saritow Spinning Mills Ltd, in addition to serving as a non-government director of Pak Elektron Ltd.
In Might 2016, he turned the chairman of Pakistan Worldwide Airways, a submit he held until the top of that yr.
Azam Saigol was extremely revered for his integrity and personable method, and his dedication led to quite a lot of honorary appointments on authorities boards. A eager sportsman, he represented Oxford in polo throughout his time on the college, carrying the curiosity on to be concerned within the promotion and improvement of this sport in Pakistan.
He’s survived by his devoted spouse, Amber Haroon Saigol, two sons and two daughters.
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