Support Khan for his honesty, says Dubai businessman who sponsored Davos trip

Prime Minister of Pakistan, Imran Khan, with Dubai-based businessman Imran Chaudhry (Centre) and Hussain Sajwani, Chairman Damac Properties, at a joint dinner hosted at Davos during the World Economic Forum by Dubai based businessman Imran Chaudhry and Saudi businessman Khalid Juffali in Davos, Switzerland on January 22, 2020. (Photo credit: Imran Chaudhry)
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Updated 27 January 2020
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Support Khan for his honesty, says Dubai businessman who sponsored Davos trip

  • Khan revealed on Thursday his Davos trip was sponsored by friends and businessmen Ikram Sehgal and Imran Chaudhry
  • Chaudhry has been based in Dubai for over 35 years where he works in real estate, metals trading and recycling

DUBAI: Imran Chaudhry, the Dubai-based businessman who sponsored Pakistani Prime Minister Imran Khan’s visit to Davos for the World Economic Forum (WEF) last week, said he had a long association with the premier and supported him due to his pain and struggles for Pakistan.

Addressing the ‘Breakfast at Davos’ event jointly organized by Pathfinder Group and Martin Dow Group on Thursday, Khan revealed that his Davos trip was sponsored by his friends and well-known businessmen Ikram Sehgal and Imran Chaudhry.




Prime Minister of Pakistan, Imran Khan, at a joint dinner hosted at Davos during the World Economic Forum by Dubai based businessman Imran Chaudhry and Saudi businessman Khalid Juffali (left) in Davos, Switzerland on January 22, 2020. (Photo credit: Imran Chaudhry)

Chaudhry has been based in Dubai for over 35 years where he works in real estate, metals trading, and recycling. He also has investments in Bahrain and Saudi Arabia and is a well-known philanthropist. Sehgal is a retired military officer and businessman.

In an interview with Arab News on Sunday, Chaudhry declined to share details of how much money he had contributed to Khan’s trip but said he supported the PM “because of his personal characteristics.”

“I am not a politician or into politics but I support Khan for his personality, his honesty and for the pain he has for Pakistan,” Chaudhry said. “My association with Khan is 30 years old, since the time he was a cricketer and was building his cancer hospital, Shaukat Khanum.”

On January 22, on the sidelines of the Davos meet, Chaudhry also hosted a dinner for Khan jointly with Saudi businessman Khalid Juffali in honor of the delegations from Pakistan and Saudi Arabia. The dinner was attended by Dr. Klaus Schwabs, CEO of WEF, and other top businessmen from Saudi Arabia and the UAE.




Copy of the joint dinner invitation card hosted at Davos during the World Economic Forum Dubia by Dubai based businessman Imran Chaudhry and Saudi businessman Khalid Juffali (left) in Davos, Switzerland on January 22, 2020. (Photo credit: Imran Chaudhry)

In a press release issued prior to Khan’s Davos visit, the government said the trip was expected to cost only $68,000.

“Saving is part of the prime minister’s ongoing robust drive in which he has also directed that the expenditures upon his upcoming WEF participation be minimized,” said the press release.


Pakistan, ADB sign $730 loan agreements to boost SOE reforms, energy infrastructure

Updated 25 December 2025
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Pakistan, ADB sign $730 loan agreements to boost SOE reforms, energy infrastructure

  • Both sign $330 million Power Transmission Strengthening Project and $400 million SOE Transformation Program loan agreements
  • Economic Affairs Division official says Transmission Project will secure Pakistan’s energy future by strengthening national grid’s backbone

KARACHI: Pakistan and the Asian Development Bank (ADB) on Thursday signed two loan agreements totaling $730 million to boost reforms in state-owned enterprises (SOEs) and energy infrastructure in the country, the bank said.

The first of the two agreements pertains to the SOE Transformation Program worth $400 million while the second loan, worth $330 million, is for a Power Transmission Strengthening Project, the lender said. 

The agreements were signed by ADB Country Director for Pakistan Emma Fan and Pakistan’s Secretary of Economic Affairs Division Humair Karim. 

“The agreements demonstrate ADB’s enduring commitment to supporting sustainable and inclusive economic growth in Pakistan,” the ADB said. 

Pakistan’s SOEs have incurred losses worth billions of dollars over the years due to financial mismanagement and corruption. These entities, including the country’s national airline Pakistan International Airlines, which was sold to a private group this week, have relied on subsequent government bailouts over the years to operate.

The ADB approved the $400 million loan for SOE reforms on Dec. 12. It said the program seeks to improve governance and optimize the performance of Pakistan’s commercial SOEs. 

Karim highlighted that the Power Transmission Strengthening Project will enable reliable evacuation of 2,300 MW from Pakistan’s upcoming hydropower projects, relieve overloading of existing transmission lines and enhance resilience under contingency conditions, the Press Information Department (PID) said. 

“The Secretary emphasized that both initiatives are transformative in nature as the Transmission Project will secure Pakistan’s energy future by strengthening the backbone of the national grid whereas the SOE Program will enhance transparency, efficiency and sustainability of state-owned enterprises nationwide,” the PID said. 

The ADB has supported reforms by Pakistan to strengthen its public finance and social protection systems. It has also undertaken programs in the country to help with post-flood reconstruction, improve food security and social and human capital. 

To date, ADB says it has committed 764 public sector loans, grants and technical assistance totaling $43.4 billion to Pakistan.