The statement said that his resignation had been approved by the government of Pakistan.
He is the son of Syed Hashim Raza, an ICS [ Indian Civil Services] officer of pre-partition India, who opted to Pakistan and joined the civil service. Syed Hashim Raza held top bureaucratic positions in the Government of Pakistan and was known for his love of English literature and language besides poetry and the arts.
Until his demise, he was active on the social scene. His book (in English) Hamari Manzil (Our Destination) is considered to be a hallmark in narration of Indo-Pakistan history. As his son, Syed Ali Raza inherited the limelight right from the young age along with his siblings: however, Syed Ali Raza rose to a level that few corporate professionals in Pakistan have ever witnessed.
Syed Ali Raza was the longest serving President of the National Bank of Pakistan, a highly politicised and sensitive institution.