Forbes names two Pakistanis among Middle East’s ‘100 Most Powerful Businesswomen’

The collage of image created on March 5, 2024, shows Pakistani businesswomen Shaista Asif (left), co-founder and group CEO of PureHealth Holding health care network, and Shazia Syed, Unilever general manager for North Africa, Levant and Iraq. (Forbes)
Short Url
Updated 05 March 2024
Follow

Forbes names two Pakistanis among Middle East’s ‘100 Most Powerful Businesswomen’

  • This year’s list featured 100 entries, with 104 women from 27 different sectors and 28 nationalities
  • The banking and financial services sector led the list with 26 entries, followed by health care and others

ISLAMABAD: Forbes, an American business magazine, has named two Pakistanis in its list of the Middle East’s ‘100 Most Powerful Businesswomen’ for the year 2024.

This year’s list featured 100 entries, with 104 women from 27 different sectors and 28 nationalities, according to Forbes.

The banking and financial services sector led the list with 26 entries, followed by health care with 13, and investments and technology with six entries each.

There were 35 newcomers to the list, from 15 different sectors. Shaista Asif, co-founder and group chief executive officer (CEO) of PureHealth Holding health care network in the United Arab Emirates (UAE), was ranked 4th on the list. She co-founded the health care corporation in 2006 and was appointed group CEO in Dec. 2023.

Her group’s initial public offering (IPO) raised a total of $986 million by offering 10 percent of its issued share capital on the first market of the Abu Dhabi Securities Exchange (ADX) in Dec. 2023.

The IPO was oversubscribed by 483 times in the retail tranche and by 54 times in the professional subscriber tranche, according to Forbes.

“In January 2024, the group acquired the UK’s largest independent operator of hospitals, Circle Health Group, for $1.2 billion before debt,” the American magazine reported.

“PureHealth acquired Sheikh Shakbout Medical City, the U.A.E.’s largest health care complex, valued at $600 million with revenues of $585.4 million.”

Shazia Syed, another Pakistani and the Unilever general manager for North Africa, Levant and Iraq, secured 9th position on the list for her extensive experience working at several corporations.

“Syed assumed her current role in 2021 and is also the Arabia Senior Customer Development Lead. She joined Unilever in 1989.

She also sits on the board of United Bank Limited in Pakistan, is a member of the Board Risk & Compliance Committee, and is the chairperson of the Board Audit Committee,” Forbes wrote.

“She previously sat on the boards of Pukka Tea and Pepsi Lipton, was the president of the Overseas Investors Chamber of Commerce & Industry, and was the director of the Pakistan Business Council.”


Pakistan, other Muslim states raise alarm over Gaza situation after heavy flooding

Updated 8 sec ago
Follow

Pakistan, other Muslim states raise alarm over Gaza situation after heavy flooding

  • Cold winter rains have repeatedly lashed the sprawling tent cities, turning Gaza’s dirt roads into mud and causing damaged buildings to collapse
  • The situation has been compounded by lack of sufficient humanitarian access, acute shortages of essential life-saving supplies and materials

ISLAMABAD: Foreign ministers of Pakistan, Saudi Arabia and other Muslim nations on Friday voiced concern over the situation in Gaza, following severe flooding triggered by heavy rains in the territory.

As 2026 begins, the shaky 12-week-old ceasefire between Israel and Hamas has largely ended large-scale Israeli bombardment of Gaza. But Palestinians are still being killed almost daily by Israeli fire, and the humanitarian crisis shows no signs of abating.

Cold winter rains have repeatedly lashed the sprawling tent cities over past weeks, turning Gaza’s dirt roads into mud and causing buildings damaged in Israeli bombardment to collapse. UNICEF says at least six children have now died of weather-related causes.

In a joint message, foreign ministers of Pakistan, Saudi Arabia, Egypt, Indonesia, Jordan, Qatar, Türkiye, the United Arab Emirates, expressed their “deepest concern” over the situation, compounded by lack of sufficient humanitarian access, acute shortages of essential life-saving supplies, and the slow pace of the entry of essential materials required for the rehabilitation of basic services.

“The ministers highlighted that the severe weather has laid bare the fragility of existing humanitarian conditions, particularly for almost 1.9 million people and displaced families living in inadequate shelters,” the Pakistani foreign ministry said in a joint statement.

“Flooded camps, damaged tents, the collapse of damaged buildings, and exposure to cold temperatures coupled with malnutrition, have significantly heightened risks to civilian lives, including due to disease outbreaks, especially among children, women, the elderly, and individuals with medical vulnerabilities.”

The statement came a day after UNICEF said a 7-year-old, Ata Mai, had drowned Saturday in severe flooding that engulfed his tent camp in Gaza City. Mai had been living with his younger siblings and family in a camp of around 40 tents.

They lost their mother earlier in the war, according to the UN agency.

Video from Civil Defense teams, shown on Al Jazeera, showed rescue workers trying to get Mai’s body out of what appeared to be a pit filled with muddy water surrounded by wreckage of bombed buildings. The men waded into the water, pulling at the boy’s ankle, the only part of his body visible. Later, the body is shown wrapped in a muddy cloth being loaded into an ambulance.

Foreign minister of Pakistan, Saudi Arabia and other states appreciated the efforts of all United Nations (UN) organizations and agencies as well as non-government organizations (NGOs) in continuing to assist Palestinian civilians and deliver humanitarian assistance under extremely difficult and complex circumstances.

“They demanded that Israel ensure the UN and international NGOs are able to operate in Gaza and the West Bank in a sustained, predictable, and unrestricted manner, given their integral role in the humanitarian response in the Strip. Any attempt to impede their ability to operate is unacceptable,” the statement read.

The foreign ministers reaffirmed support to President Donald Trump’s plan for Gaza, with a view to ensuring the sustainability of the ceasefire, bringing an end to the war in Gaza, to secure a dignified life for the Palestinian people who have endured prolonged humanitarian suffering, and leading to a credible pathway to Palestinian self-determination and statehood.

“In this context, they stressed the urgent need to immediately initiate and scale up early recovery efforts, including the provision of durable and dignified shelter to protect the population from the severe winter conditions,” the statement read further.

“The ministers called on the international community to uphold its legal and moral responsibilities and to pressure Israel, as the occupying power, to immediately lift constraints on the entry and distribution of essential supplies including tents, shelter materials, medical assistance, clean water, fuel, and sanitation support.”