Renowned poet Iftikhar Arif reflects on BCCI's rise and fall

Renowned poet and intellectual Iftikhar Arif has shed light on the remarkable journey of Agha Hasan Abedi, founder of the Bank of Credit and Commerce International (BCCI), once the world’s seventh-largest private bank.

Speaking on 'On My Radar' with Kamran Khan, Arif recounted Abedi’s vision that propelled BCCI to operate in over 70 countries with 400 branches. The bank symbolized South Asian excellence and created opportunities for thousands of families.

Arif reflected on Abedi’s leadership style, philanthropy, and his belief in empowering employees. He shared how BCCI supported education, healthcare, and charitable causes, including establishing the Cromwell Hospital, Ghulam Ishaq Khan Institute of Engineering Sciences and Technology, and FAST University.

However, BCCI’s success was overshadowed by allegations of money laundering and manipulated sting operations, which led to its dramatic closure.

Arif noted that the bank’s growing influence, especially in underdeveloped regions, had drawn opposition from Western establishments.

The story of BCCI, Arif said, is more than banking—it’s a tale of ambition, resilience, and an enduring legacy.