Renowned business tycoon and philanthropist Rafiq M. Habib passed away at the age of 88, Habib University (HU) announced on Wednesday. He died in Dubai, leaving behind a legacy of visionary leadership in both business and education.
Rafiq was the former head of the House of Habib conglomerate, Chancellor of Habib University, and Chairman of the Habib University Foundation. He also served on the board of Stile Company and held various influential positions across industries.
In a tribute, HU wrote, “With profound sorrow, Habib University mourns the passing of its founding chancellor… His calm resolve and deep integrity shaped every step of this journey.”
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The university credited him as the guiding force behind its mission, stating his belief that “education must serve the greater good” continues to inspire its values.
According to HU’s website, Rafiq supported numerous welfare initiatives in education, healthcare, and disaster relief. His extensive business experience included key roles in banking, insurance, and manufacturing, notably with Indus Motor Company and Philips Pakistan.
He also served as consultant to Habib Bank AG Zurich and was the first chairman of Standard Chartered Bank’s advisory board in Pakistan.
