Asad Umar (Urdu: اسد عمر; born 8 September 1961) is a Pakistani former business executive and politician who served as the Finance, Revenue, and Economic Affairs Minister of Pakistan from August 2018 to April 2019 and the Federal Minister for Planning, Development, Reforms and Special Initiatives from November 2019 to April 2022.
His father, Ghulam Umar,[4] who retired as a major general, was considered a close aide to President Yahya Khan and served as the first National Security Advisor from 1969 to 1971.
[12] He took an early retirement as president and CEO from Engro in April 2012[11][13][14] at the age of 50 amid speculation that he would pursue a political career.
[15] Umar is credited for turning a chemical company into a major conglomerate[11][14][15] and was considered one of the most popular and highly paid CEOs in Pakistan.
[19] In 2014, Lahore University of Management Sciences cancelled a scheduled speech of Umar due to being political in nature rather than educational.
[25] On 11 October 2018, Umar held a meeting with Christine Lagarde, chair of the International Monetary Fund (IMF) and formally applied for a bailout package.
[28] From 8 May 2019 till 30 November 2019, Asad Umar served as the Chairman Standing Committee of the National Assembly of Pakistan for Finance, Revenue, and Economic Affairs.
On 9 July 2019, Umar started working as the Member of Economic Advisory Council (Pakistan) after the recommendations of Prime Minister Khan.
[32] Later in November 2023, he formally declared his departure from politics altogether, citing disagreement with the party's confrontational approach towards state institutions.