Jump to content

Army Welfare Trust: Difference between revisions

From Wikipedia, the free encyclopedia
Browse history interactively
← Previous edit
Content deleted Content added
VisualWikitext
Rescuing 26 sources and tagging 0 as dead.) #IABot (v2.0.9.5
 
(35 intermediate revisions by 15 users not shown)
Line 1: Line 1:
{{Short description|Conglomerate company in Pakistan}}
{{Infobox company
{{Infobox company
| name = Army welfare Trust
| name = Army Welfare Trust
| logo = Army Welfare Trust logo.png
| logo = Army Welfare Trust logo.png
| image = Army welfare trust plaza Rawalpindi.jpg
⚫
| type =
| image_caption = Headquarters of the Army Welfare Trust in [[Rawalpindi]]
| slogan =
⚫
| type = Private
| foundation = {{start date and age|1971}}
| foundation = {{start date and age|1971}}
| location = [[Rawalpindi]], [[Pakistan]]
| location = [[Rawalpindi]], Pakistan
| key_people = Lt Gen (R) Naveed Mukhtar (Managing Director)
| key_people = Lt Gen (R) Nauman Mahmood (Managing Director)
| industry =
| industry = conglomerate
| products =
| products =
| num_employees = ~30,000 (2020)<ref name="auto">{{Cite web|url=http://www.awt.com.pk/home|title=Army Welfare Trust (AWT) - THE ASKARI GROUP OF COMPANIES|website=www.awt.com.pk}}</ref>
| num_employees = ~30,000 (2020)<ref name="auto">{{Cite web|url=http://www.awt.com.pk/home|title=Army Welfare Trust (AWT) - THE ASKARI GROUP OF COMPANIES|website=www.awt.com.pk|access-date=2016-07-21|archive-date=2016-07-14|archive-url=https://web.archive.org/web/20160714081901/http://www.awt.com.pk/home|url-status=live}}</ref>
| revenue =
| net_income =
| revenue =
| assets = {{increase}} {{PKRConvert|40|b}} (2020)<ref name="auto"/>
| net_income = 8-9 billions (usd)
| assets = {{increase}} {{PKRConvert|40|b}} (2020)<ref name="auto"/>
| subsid = [[Mobil|Mobil Pakistan]]
| subsid = [[Mobil|Mobil Pakistan]]
| homepage = {{url|http://www.awt.com.pk/}}
| homepage = {{url|awt.com.pk}}
}}
}}


'''Army Welfare Trust (AWT)''', ({{lang-ur|{{Nastaliq|تولیتِ عسکری برائے بہبود}}}}) also known as '''Askari Group of Companies''', is a Pakistani [[conglomerate (company)|conglomerate]] company. It is based in [[Rawalpindi]], [[Pakistan]]. The Army Welfare Trust, along with [[Fauji Foundation]], are run by ex-military personnel of the Pakistan Army. The companies provide employment opportunities to ex-military personnel and generate funds for the welfare and rehabilitation of orphans, widows of the deceased soldiers, and the disabled personnel of the army.<ref>{{cite web|url=https://www.pakistanarmy.gov.pk/Industrial-Development.php|title=Industrial development|access-date=6 August 2020}}</ref>
'''Army Welfare Trust (AWT)''', ({{langx|ur|آرمی ویلفیر ٹرسٹ}}) also known as '''Askari Group''', is a Pakistani [[conglomerate (company)|conglomerate]] based in [[Rawalpindi]].
The Army Welfare Trust, along with [[Fauji Foundation]], are run by ex-military personnel of the Pakistan Army. The companies provide employment opportunities to ex-military personnel and generate funds for the welfare and rehabilitation of orphans, widows of deceased soldiers, and disabled personnel of the army.<ref>{{cite web|url=https://www.pakistanarmy.gov.pk/Industrial-Development.php|title=Industrial development|access-date=6 August 2020|archive-date=21 June 2023|archive-url=https://web.archive.org/web/20230621173439/https://www.pakistanarmy.gov.pk/Industrial-Development.php|url-status=live}}</ref>


==History==
==History==
[[File:AWT Plaza on I.I. Chundrigar Road in Karachi (3) (cropped).jpg|thumb|right|250px|AWT Plaza on [[I.I. Chundrigar Road]] in Karachi]]
It was established in 1971. The first commercial unit was a stud farm located in Probyanabad.<ref>{{Cite web|url=http://www.awt.com.pk/home/history|title=Milestones in the History of AWT|website=www.awt.com.pk|access-date=2016-07-21}}</ref> AWT now has a total of 15 business units working under its banner.<ref name=":0">{{Cite web|url=http://www.dawn.com/news/1272211/50-commercial-entities-being-run-by-armed-forces|title=50 commercial entities being run by armed forces|last=Wasim|first=Amir|date=2016-07-21|access-date=2016-07-21}}</ref>
Army Welfare Trust (AWT) was established in 1971 as a society under the Societies Registration Act of 1860, with an initial endowment of Rs 0.7 million.<ref name="Brömmelhörster2004">{{Cite book |title=The Military as an Economic Actor: Soldiers in Business |last1=Brömmelhörster |first1=Jörn |publisher=[[Palgrave Macmillan]] |year=2004 |isbn=9780333999288 |quote=Despite the fact that it already dominates the Fauji Foundation, the Army nonetheless established another foundation, the Army Welfare Trust (AWT). Although the Trust only became fully operational in 1977, it was originally established in 1971 when it was registered as a ‘society’ under the Societies Registration Act of 1860, with an endowment of Rs 0.7 million. The trust runs 26 independent projects and is currently valued at Rs 17 billion. The organization is controlled from the Army General Headquarters (GHQ) with the service chief acting as the head of its governing board. He is assisted by all of his senior staff officers. The organization is divided under two heads, AWT and Askari. Operations with greater private sector investment or shareholding have been placed under Askari. The foundation provides jobs to approximately 5,000 ex-servicemen.|pages=126–127 |url=https://books.google.com/books?id=c3eAQgAACAAJ |last2=Paes |first2=Wolf-Christian}}</ref> It became fully operational in 1977.<ref name="Brömmelhörster2004"/> The first commercial unit of the trust was a stud farm located in Probyanabad which it received from [[Pakistan Army]] in 1972.<ref>{{Cite web|url=http://www.awt.com.pk/home/history|title=Milestones in the History of AWT|access-date=2016-07-21|archive-date=2016-07-03|archive-url=https://web.archive.org/web/20160703180839/http://www.awt.com.pk/home/history|url-status=live}}</ref><ref name=":0">{{Cite web|url=http://www.dawn.com/news/1272211/50-commercial-entities-being-run-by-armed-forces|title=50 commercial entities being run by armed forces|last=Wasim|first=Amir|date=2016-07-21|access-date=2016-07-21|archive-date=2018-12-25|archive-url=https://web.archive.org/web/20181225234957/https://www.dawn.com/news/1272211/50-commercial-entities-being-run-by-armed-forces|url-status=live}}</ref><ref name="Noorani2016"/>

In 1984, AWT Sugar Mills was established in [[Badin]] with an initial crushing capacity of 2000 tonnes per day (TPD) which was later increased to 3400 TPD.<ref name="AWT"/> In the same year, stud farm in Boyle Gunj came under the control of AWT.<ref name="Noorani2016"/>

In 1988, AWT Rice Mills was established in Rakh Baikunth with the capacity to process 5,500 tonnes of [[Paddy (unmilled rice)|paddy]] and 3,000 tonnes of [[rice]].<ref name="AWT"/>

In 1990, AWT founded Askari Shoes with a factory in [[Lahore]].<ref name="Noorani2016"/> In the same year, Army Welfare Mess and Blue Lagoon Restaurant was launched in [[Rawalpindi]].<ref name="Noorani2016"/>

In 1991, AWT launched [[housing society|housing scheme]]s in [[Lahore]], [[Badaber]], and Sangjani near [[Islamabad]].<ref name="Noorani2016"/>

In 1995, AWT entered insurance and aviation business and established Askari General Insurance and Askari Aviation Services.<ref name="Noorani2016"/>

In 1996, AWT acquired 80 percent shareholding of the Wah Cement Company under the government's privatization policy.<ref name="AWT"/> In the same year, AWT established Mobil Askari Lubricants in a [[joint venture]] with [[Mobil|Mobil Oil Corporation]], with a 30 percent equity share.<ref name="AWT">{{Cite web |url=https://www.thefreelibrary.com/Army+Welfare+Trust.-a020051989 |title=History of the Army Welfare Trust |access-date=2024-07-08 |archive-date=2024-07-08 |archive-url=https://web.archive.org/web/20240708184015/https://www.thefreelibrary.com/Army+Welfare+Trust.-a020051989 |url-status=live }}</ref><ref name="Noorani2016"/> The lubricant blending and distribution plant was constructed in Karachi and it began commercial production in 1997.<ref name="AWT"/> Askari Guards was also established in 1996.<ref name="Noorani2016"/>

In 2002, AWT established a business in fuel sector called Askari CNG.<ref name="Noorani2016">{{Cite web |url=https://www.thenews.com.pk/print/136789-Army-launched-most-business-ventures-during-dictatorships-Senate-told |title=Army launched most business ventures during dictatorships, Senate told |first=Ahmad |last=Noorani |date=July 22, 2016 |website=[[The News International]] |access-date=July 8, 2024 |archive-date=July 8, 2024 |archive-url=https://web.archive.org/web/20240708184207/https://www.thenews.com.pk/print/136789-Army-launched-most-business-ventures-during-dictatorships-Senate-told |url-status=live }}</ref> It was renamed as Askari Fuels in May 2014.<ref>{{Cite web |url=https://www.awt.com.pk/home/askari_fuels |title=Askari Fuels}}</ref>

In 2004, AWT founded Askari Seeds which now has three factories located in [[Lahore]], [[Okara, Pakistan|Okara]], and [[Sukkur]].<ref name="Noorani2016"/><ref>{{Cite web |url=https://www.awt.com.pk/home/askari_farms |title=Askari Farms and Seeds |access-date=2022-12-01 |archive-date=2022-12-01 |archive-url=https://web.archive.org/web/20221201122758/https://www.awt.com.pk/home/askari_farms |url-status=live }}</ref>

In 2013, AWT sold its pharmaceuticals business located in [[Phool Nagar]], Askari Pharmaceuticals, which was later renamed as Citi Pharma.<ref>{{Cite web |url=https://profit.pakistantoday.com.pk/2021/04/08/citi-pharma-set-to-be-pakistans-biggest-pharma-ipo/ |title=Citi pharma set to be Pakistan's biggest pharma IPO |first=Ariba |last=Shahid |date=April 8, 2021 |website=Profit by Pakistan Today |access-date=July 8, 2024 |archive-date=July 24, 2023 |archive-url=https://web.archive.org/web/20230724060843/https://profit.pakistantoday.com.pk/2021/04/08/citi-pharma-set-to-be-pakistans-biggest-pharma-ipo/ |url-status=live }}</ref>

In 2014, AWT acquired Fauji Security Services from [[Fauji Foundation]].<ref name="Noorani2016"/> In the same year, Askari Apparel was established in Lahore.<ref name="Noorani2016"/>

In 2015, AWT inaugurated Askari Blue Lagoon in [[Faisalabad]].<ref name="Noorani2016"/>

In 2017, AWT founded an asset management company named AWT Investment Company in a joint venture with Pak Brunei Investment Company.<ref>{{Cite web |url=https://www.brecorder.com/news/4530214 |title=AWT Investment for welfare of ex-servicemen launched |website=Business Recorder |access-date=2024-07-08 |archive-date=2024-07-08 |archive-url=https://web.archive.org/web/20240708183416/https://www.brecorder.com/news/4530214 |url-status=live }}</ref>

==Management==
Army Welfare Trust is administered from the [[General Headquarters (Pakistan Army)|General Headquarters]] (GHQ) of [[Pakistan Army]], where the service chief serves as the head of the governing board, supported by senior staff officers.<ref name="Brömmelhörster2004"/>


==Companies==
==Subsidiaries==
It is one of the largest conglomerates in Pakistan. The assets the group owns are:
It is one of the largest conglomerates in Pakistan. The assets the group owns are:


Line 32: Line 64:
Following are the companies which are not listed on Pakistani stock exchanges:
Following are the companies which are not listed on Pakistani stock exchanges:
* Askari Aviation<ref>{{cite web | title=Askari Aviation Pvt. Ltd – Aviation Services Pakistan, Charter Services, Airport Services | website=askariaviation.com | date=2001-04-17 | url=https://askariaviation.com/ | archive-url=https://web.archive.org/web/20221001135244/https://askariaviation.com/ | archive-date=2022-10-01 | url-status=live | access-date=2022-12-21}}</ref>
* Askari Aviation<ref>{{cite web | title=Askari Aviation Pvt. Ltd – Aviation Services Pakistan, Charter Services, Airport Services | website=askariaviation.com | date=2001-04-17 | url=https://askariaviation.com/ | archive-url=https://web.archive.org/web/20221001135244/https://askariaviation.com/ | archive-date=2022-10-01 | url-status=live | access-date=2022-12-21}}</ref>
* Askari Airline (Planned)<ref>{{Cite web|url=https://profit.pakistantoday.com.pk/2020/07/02/askari-airline-not-to-take-off-anytime-soon/|title=‘Askari Airline not to take off anytime soon’|first=Syeda|last=Masooma|date=July 2, 2020|website=Profit by Pakistan Today}}</ref>
* Askari Airline (Planned)<ref>{{Cite web|url=https://profit.pakistantoday.com.pk/2020/07/02/askari-airline-not-to-take-off-anytime-soon/|title='Askari Airline not to take off anytime soon'|first=Syeda|last=Masooma|date=July 2, 2020|website=Profit by Pakistan Today|access-date=December 13, 2023|archive-date=December 13, 2023|archive-url=https://web.archive.org/web/20231213093736/https://profit.pakistantoday.com.pk/2020/07/02/askari-airline-not-to-take-off-anytime-soon/|url-status=live}}</ref>
* Askari Airport Services<ref name="auto1">{{Cite web|url=http://www.askaritravels.com/awt.aspx|title=Welcome to Askari Aviation|website=www.askaritravels.com}}</ref>
* Askari Airport Services<ref name="auto1">{{Cite web|url=http://www.askaritravels.com/awt.aspx|title=Welcome to Askari Aviation|website=www.askaritravels.com|access-date=2023-12-13|archive-date=2023-12-13|archive-url=https://web.archive.org/web/20231213093737/http://www.askaritravels.com/awt.aspx|url-status=live}}</ref>
* Askari Flying Academy<ref name="auto1"/>
* Askari Flying Academy<ref name="auto1"/>
* Askari Travels & Tours<ref>{{Cite web|url=http://www.askaritravels.com/|title=Welcome to Askari Travels & Tours|website=www.askaritravels.com}}</ref>
* Askari Travels & Tours<ref>{{Cite web|url=http://www.askaritravels.com/|title=Welcome to Askari Travels & Tours|website=www.askaritravels.com|access-date=2023-12-13|archive-date=2023-12-13|archive-url=https://web.archive.org/web/20231213093737/http://www.askaritravels.com/|url-status=live}}</ref>
* [[Mobil|Mobil Pakistan]] (MAL Pakistan Limited)<ref>{{Cite web|url=https://www.mal.com.pk/|title=Mal Pakistan - Energy to Move you|website=www.mal.com.pk}}</ref><ref>{{Cite web|url=https://www.awt.com.pk/home/mal|title=MAL Pakistan Ltd (AWT) - THE ASKARI GROUP OF COMPANIES|website=www.awt.com.pk}}</ref>
* [[Mobil|Mobil Pakistan]] (MAL Pakistan Limited)<ref>{{Cite web|url=https://www.mal.com.pk/|title=Mal Pakistan - Energy to Move you|website=www.mal.com.pk|access-date=2023-12-13|archive-date=2023-12-13|archive-url=https://web.archive.org/web/20231213093737/https://www.mal.com.pk/|url-status=live}}</ref><ref>{{Cite web|url=https://www.awt.com.pk/home/mal|title=MAL Pakistan Ltd (AWT) - THE ASKARI GROUP OF COMPANIES|website=www.awt.com.pk|access-date=2023-12-13|archive-date=2023-12-13|archive-url=https://web.archive.org/web/20231213093739/https://www.awt.com.pk/home/mal|url-status=live}}</ref>
* AWT Investments Limited<ref>{{cite web | title=AWT Investments – A Wholly Owned Subsidiary Of Army Welfare Trust | website=awtinvestments.com | date=2017-10-27 | url=https://awtinvestments.com/ | archive-url=https://web.archive.org/web/20221201123332/https://awtinvestments.com/ | archive-date=2022-12-01 | url-status=live | access-date=2022-12-21}}</ref>
* AWT Investments Limited<ref>{{cite web | title=AWT Investments – A Wholly Owned Subsidiary Of Army Welfare Trust | website=awtinvestments.com | date=2017-10-27 | url=https://awtinvestments.com/ | archive-url=https://web.archive.org/web/20221201123332/https://awtinvestments.com/ | archive-date=2022-12-01 | url-status=live | access-date=2022-12-21}}</ref>
* MEDASK<ref>{{Cite web|url=https://www.medask.com.pk/|title=MedAsk Pvt Ltd.|website=www.medask.com.pk}}</ref>
* MEDASK<ref>{{Cite web|url=https://www.medask.com.pk/|title=MedAsk Pvt Ltd.|website=www.medask.com.pk|access-date=2023-12-13|archive-date=2023-12-13|archive-url=https://web.archive.org/web/20231213093739/https://www.medask.com.pk/|url-status=live}}</ref>
* Askari Project, Lahore
* Askari Project, Lahore
* Askari Enterprises<ref>{{Cite web|url=https://www.askarienterprises.com.pk/|title=Askari Enterprises|website=www.askarienterprises.com.pk}}</ref>
* Askari Enterprises<ref>{{Cite web|url=https://www.askarienterprises.com.pk/|title=Askari Enterprises|website=www.askarienterprises.com.pk|access-date=2022-12-03|archive-date=2022-12-03|archive-url=https://web.archive.org/web/20221203223645/https://www.askarienterprises.com.pk/|url-status=live}}</ref>
* Askari Welfare Rice Mill<ref name="Brömmelhörster2004"/>
* Army Welfare Sugar Mills<ref>{{cite web | url=https://www.awt.com.pk/home/army_sugarmills | title=Army Welfare Sugar Mills (AWT) - THE ASKARI GROUP OF COMPANIES }}</ref>
* Army Welfare Sugar Mills<ref name="Brömmelhörster2004"/><ref>{{cite web | url=https://www.awt.com.pk/home/army_sugarmills | title=Army Welfare Sugar Mills}}</ref>
⚫
* Askari Guards (Pvt) Limited<ref>{{cite web | title=Askari Guards | website=Askari Guards | date=2008-04-11 | url=https://www.askariguards.com/ | archive-url=https://web.archive.org/web/20221201122758/https://www.askariguards.com/ | archive-date=2022-12-01 | url-status=live | access-date=2022-12-21}}</ref>
* Askari Welfare Pharmaceutical Project in [[Phool Nagar]]<ref name="Brömmelhörster2004"/><ref name="DAWN2004"/>
⚫
* Fauji Securities Services Pvt Ltd (acquired from Fauji Foundation)<ref>{{Cite web|url=https://faujisecurities.com/|title=Home|date=August 23, 2022}}</ref>
* Army Welfare Hosiery Unit<ref name="Brömmelhörster2004"/><ref name="DAWN2004">{{Cite web |url=https://www.dawn.com/news/391130/army-the-second-largest-employer |title=Army the second largest employer |website=DAWN |access-date=2024-07-08 |archive-date=2024-07-08 |archive-url=https://web.archive.org/web/20240708184106/https://www.dawn.com/news/391130/army-the-second-largest-employer |url-status=live }}</ref>
* Askari Woolen Mills<ref>{{Cite web|url=https://awm.com.pk/|title=Askari Woolen Mills}}</ref>
* Askari Fish Farm<ref name="Brömmelhörster2004"/><ref name="DAWN2004"/>
⚫
* Askari Development and Holdings (Pvt) Ltd<ref>{{Cite web|url=https://www.awt.com.pk/home/adhl|title=Askari Development & Holding (AWT) - THE ASKARI GROUP OF COMPANIES|website=www.awt.com.pk}}</ref>
⚫
* Askari Guards<ref name="Brömmelhörster2004"/><ref>{{cite web | title=Askari Guards | website=Askari Guards | date=2008-04-11 | url=https://www.askariguards.com/ | archive-url=https://web.archive.org/web/20221201122758/https://www.askariguards.com/ | archive-date=2022-12-01 | url-status=live | access-date=2022-12-21}}</ref>
* Askari Shoes<ref>{{Cite web|url=https://askarishoes.com.pk/|title=Home ASP - Askari Shoes - Move Forward|date=March 4, 2023}}</ref>
⚫
* Fauji Securities Services Pvt Ltd (acquired from Fauji Foundation)<ref>{{Cite web|url=https://faujisecurities.com/|title=Home|date=August 23, 2022|access-date=December 13, 2023|archive-date=December 13, 2023|archive-url=https://web.archive.org/web/20231213093602/https://faujisecurities.com/|url-status=live}}</ref>
* Askari Woolen Mills<ref name="Brömmelhörster2004"/><ref>{{Cite web|url=https://awm.com.pk/|title=Askari Woolen Mills|access-date=2023-12-13|archive-date=2023-12-13|archive-url=https://web.archive.org/web/20231213093737/https://awm.com.pk/|url-status=live}}</ref>
⚫
* Askari Development and Holdings (Pvt) Ltd<ref>{{Cite web|url=https://www.awt.com.pk/home/adhl|title=Askari Development & Holding (AWT) - THE ASKARI GROUP OF COMPANIES|access-date=2023-12-13|archive-date=2023-12-13|archive-url=https://web.archive.org/web/20231213093738/https://www.awt.com.pk/home/adhl|url-status=live}}</ref>
* Askari Shoes<ref name="Brömmelhörster2004"/><ref>{{Cite web|url=https://askarishoes.com.pk/|title=Home ASP - Askari Shoes|date=March 4, 2023|access-date=December 13, 2023|archive-date=December 13, 2023|archive-url=https://web.archive.org/web/20231213093737/https://askarishoes.com.pk/|url-status=live}}</ref>
* Jolidays<ref>{{Cite web|url=https://jolidays.com.pk/|title=Jolidays – AWT Tourism – Let's Plan your next Journey with Jolidays !}}</ref>
* Jolidays<ref>{{Cite web|url=https://jolidays.com.pk/|title=Jolidays – AWT Tourism – Let's Plan your next Journey with Jolidays !}}</ref>
* Askari CNG<ref>{{cite web | title=Askari Fuels – A Subsidiary of Army Welfare Trust (AWT) | website=askarifuel.com | date=2018-10-13 | url=https://askarifuel.com/ | archive-url=https://web.archive.org/web/20221203223638/https://askarifuel.com/ | archive-date=2022-12-03 | url-status=live | access-date=2022-12-21}}</ref>
* Askari CNG<ref>{{cite web | title=Askari Fuels – A Subsidiary of Army Welfare Trust (AWT) | website=askarifuel.com | date=2018-10-13 | url=https://askarifuel.com/ | archive-url=https://web.archive.org/web/20221203223638/https://askarifuel.com/ | archive-date=2022-12-03 | url-status=live | access-date=2022-12-21}}</ref>
* Askari Fuels<ref>{{Cite web|url=https://askarifuel.com/|title=Askari Fuels – A Subsidiary of Army Welfare Trust (AWT)}}</ref>
* Askari Fuels<ref>{{Cite web|url=https://askarifuel.com/|title=Askari Fuels – A Subsidiary of Army Welfare Trust (AWT)|access-date=2022-12-03|archive-date=2022-12-03|archive-url=https://web.archive.org/web/20221203223638/https://askarifuel.com/|url-status=live}}</ref>
* Askari Enterprises Pvt Ltd<ref>{{cite web | title=Askari Enterprises | website=Askari Enterprises | date=2017-01-22 | url=https://www.askarienterprises.com.pk/ | archive-url=https://web.archive.org/web/20221203223645/https://www.askarienterprises.com.pk/ | archive-date=2022-12-03 | url-status=live | access-date=2022-12-21}}</ref>
* Askari Enterprises Pvt Ltd<ref>{{cite web | title=Askari Enterprises | website=Askari Enterprises | date=2017-01-22 | url=https://www.askarienterprises.com.pk/ | archive-url=https://web.archive.org/web/20221203223645/https://www.askarienterprises.com.pk/ | archive-date=2022-12-03 | url-status=live | access-date=2022-12-21}}</ref>
* Askari Farms and Seeds<ref>{{cite web | url=https://www.awt.com.pk/home/askari_farms | title=Askari Farms and Seeds (AWT) - THE ASKARI GROUP OF COMPANIES }}</ref>
* Askari Farms and Seeds<ref>{{cite web | url=https://www.awt.com.pk/home/askari_farms | title=Askari Farms and Seeds (AWT) - THE ASKARI GROUP OF COMPANIES | access-date=2022-12-01 | archive-date=2022-12-01 | archive-url=https://web.archive.org/web/20221201122758/https://www.awt.com.pk/home/askari_farms | url-status=live }}</ref>
* Askari Real Estate<ref>{{cite web | title=AWT Real Estate – A subsidiary of Army Welfare Trust – AWT Realestate Islamabad, Lahore, Peshawar | website=awtrealestate.com.pk | date=2014-11-03 | url=https://awtrealestate.com.pk/ | archive-url=https://web.archive.org/web/20221201122801/https://awtrealestate.com.pk/ | archive-date=2022-12-01 | url-status=live | access-date=2022-12-21}}</ref>
* Askari Real Estate<ref>{{cite web | title=AWT Real Estate – A subsidiary of Army Welfare Trust – AWT Realestate Islamabad, Lahore, Peshawar | website=awtrealestate.com.pk | date=2014-11-03 | url=https://awtrealestate.com.pk/ | archive-url=https://web.archive.org/web/20221201122801/https://awtrealestate.com.pk/ | archive-date=2022-12-01 | url-status=live | access-date=2022-12-21}}</ref>
⚫
* Askari Corporate Tower, Lahore<ref>{{Cite web|url=https://askaricorporatetower.com/|title=Askari Corporate Tower – Where cutting-edge design meets peace of mind|access-date=2023-12-13|archive-date=2023-12-13|archive-url=https://web.archive.org/web/20231213093738/https://askaricorporatetower.com/|url-status=live}}</ref>
* DHA Golf club, Karachi
* Army Welfare Commercial Project<ref name="Brömmelhörster2004"/>
⚫
* Askari Corporate Tower, Lahore<ref>{{Cite web|url=https://askaricorporatetower.com/|title=Askari Corporate Tower – Where cutting-edge design meets peace of mind}}</ref>
* Askari Welfare Saving Scheme<ref name="Brömmelhörster2004"/><ref name="DAWN2004"/>
* Askari Associate Limited<ref name="Brömmelhörster2004"/><ref name="DAWN2004"/>
* Askari Information Service<ref name="Brömmelhörster2004"/><ref name="DAWN2004"/>
* Askari Power Limited<ref name="Brömmelhörster2004"/><ref name="DAWN2004"/>
* Askari Commercial Enterprises<ref name="Brömmelhörster2004"/><ref name="DAWN2004"/>
* Askari Travel Agencies<ref name="Brömmelhörster2004"/>
* Askari Aviation<ref name="Brömmelhörster2004"/>
* AWT Commercial Plazas<ref name="Brömmelhörster2004"/>
* Askari Housing Schemes<ref name="Brömmelhörster2004"/>
* Blue Lagoon Rawalpindi
* Blue Lagoon Rawalpindi
* Blue Lagoon, Faisalabad
* Blue Lagoon, Faisalabad
* Askari Apparel, Lahore
* Askari Apparel, Lahore
* Army Welfare Mess and Blue Lagoon Restaurant, Rawalpindi<ref>{{Cite web|url=https://www.awt.com.pk/home/bluelagoon|title=Blue Lagoon and Army Welfare Mess (AWT) - THE ASKARI GROUP OF COMPANIES|website=www.awt.com.pk}}</ref>
* Army Welfare Mess and Blue Lagoon Restaurant, Rawalpindi<ref>{{Cite web|url=https://www.awt.com.pk/home/bluelagoon|title=Blue Lagoon and Army Welfare Mess (AWT) - THE ASKARI GROUP OF COMPANIES|website=www.awt.com.pk|access-date=2023-12-13|archive-date=2023-12-13|archive-url=https://web.archive.org/web/20231213093737/https://www.awt.com.pk/home/bluelagoon|url-status=live}}</ref>
* Magnesite Refineries Limited<ref name="Brömmelhörster2004"/><ref name="DAWN2004"/>
* Two stud farms in Pakpattan and Okara<ref>https://www.dawn.com/news/1272211/50-commercial-entities-being-run-by-armed-forces</ref>
* Two stud farms in Pakpattan and Okara<ref>{{cite web | url=https://www.dawn.com/news/1272211/50-commercial-entities-being-run-by-armed-forces | title=50 commercial entities being run by armed forces | date=21 July 2016 | access-date=13 December 2023 | archive-date=13 December 2023 | archive-url=https://web.archive.org/web/20231213094032/https://www.dawn.com/news/1272211/50-commercial-entities-being-run-by-armed-forces | url-status=live }}</ref>


===Former===
===Former===

* [[Askari Bank]]
* [[Askari Bank]]
* [[Askari Cement]]
* [[Askari Cement]]
* Askari Leasing Limited, merged with Askari Bank<ref name="Brömmelhörster2004"/>


==See also==
==See also==

Latest revision as of 19:33, 28 November 2024

Army Welfare Trust
Company typePrivate
Industryconglomerate
Founded1971; 53 years ago (1971)
HeadquartersRawalpindi, Pakistan
Key people
Lt Gen (R) Nauman Mahmood (Managing Director)
8-9 billions (usd)
Total assetsIncrease Rs. 40 billion (US$140 million) (2020)[1]
Number of employees
~30,000 (2020)[1]
SubsidiariesMobil Pakistan
Websiteawt.com.pk

Army Welfare Trust (AWT), (Urdu: آرمی ویلفیر ٹرسٹ) also known as Askari Group, is a Pakistani conglomerate based in Rawalpindi.

The Army Welfare Trust, along with Fauji Foundation, are run by ex-military personnel of the Pakistan Army. The companies provide employment opportunities to ex-military personnel and generate funds for the welfare and rehabilitation of orphans, widows of deceased soldiers, and disabled personnel of the army.[2]

History

[edit]
AWT Plaza on I.I. Chundrigar Road in Karachi

Army Welfare Trust (AWT) was established in 1971 as a society under the Societies Registration Act of 1860, with an initial endowment of Rs 0.7 million.[3] It became fully operational in 1977.[3] The first commercial unit of the trust was a stud farm located in Probyanabad which it received from Pakistan Army in 1972.[4][5][6]

In 1984, AWT Sugar Mills was established in Badin with an initial crushing capacity of 2000 tonnes per day (TPD) which was later increased to 3400 TPD.[7] In the same year, stud farm in Boyle Gunj came under the control of AWT.[6]

In 1988, AWT Rice Mills was established in Rakh Baikunth with the capacity to process 5,500 tonnes of paddy and 3,000 tonnes of rice.[7]

In 1990, AWT founded Askari Shoes with a factory in Lahore.[6] In the same year, Army Welfare Mess and Blue Lagoon Restaurant was launched in Rawalpindi.[6]

In 1991, AWT launched housing schemes in Lahore, Badaber, and Sangjani near Islamabad.[6]

In 1995, AWT entered insurance and aviation business and established Askari General Insurance and Askari Aviation Services.[6]

In 1996, AWT acquired 80 percent shareholding of the Wah Cement Company under the government's privatization policy.[7] In the same year, AWT established Mobil Askari Lubricants in a joint venture with Mobil Oil Corporation, with a 30 percent equity share.[7][6] The lubricant blending and distribution plant was constructed in Karachi and it began commercial production in 1997.[7] Askari Guards was also established in 1996.[6]

In 2002, AWT established a business in fuel sector called Askari CNG.[6] It was renamed as Askari Fuels in May 2014.[8]

In 2004, AWT founded Askari Seeds which now has three factories located in Lahore, Okara, and Sukkur.[6][9]

In 2013, AWT sold its pharmaceuticals business located in Phool Nagar, Askari Pharmaceuticals, which was later renamed as Citi Pharma.[10]

In 2014, AWT acquired Fauji Security Services from Fauji Foundation.[6] In the same year, Askari Apparel was established in Lahore.[6]

In 2015, AWT inaugurated Askari Blue Lagoon in Faisalabad.[6]

In 2017, AWT founded an asset management company named AWT Investment Company in a joint venture with Pak Brunei Investment Company.[11]

Management

[edit]

Army Welfare Trust is administered from the General Headquarters (GHQ) of Pakistan Army, where the service chief serves as the head of the governing board, supported by senior staff officers.[3]

Subsidiaries

[edit]

It is one of the largest conglomerates in Pakistan. The assets the group owns are:

Listed on Stock exchange

[edit]
  • Askari General Insurance Company Limited[12]
  • Askari Life Assurance Company Limited[13]

Unlisted

[edit]

Following are the companies which are not listed on Pakistani stock exchanges:

  • Askari Aviation[14]
  • Askari Airline (Planned)[15]
  • Askari Airport Services[16]
  • Askari Flying Academy[16]
  • Askari Travels & Tours[17]
  • Mobil Pakistan (MAL Pakistan Limited)[18][19]
  • AWT Investments Limited[20]
  • MEDASK[21]
  • Askari Project, Lahore
  • Askari Enterprises[22]
  • Askari Welfare Rice Mill[3]
  • Army Welfare Sugar Mills[3][23]
  • Askari Welfare Pharmaceutical Project in Phool Nagar[3][24]
  • Army Welfare Hosiery Unit[3][24]
  • Askari Fish Farm[3][24]
  • Askari Guards[3][25]
  • Fauji Securities Services Pvt Ltd (acquired from Fauji Foundation)[26]
  • Askari Woolen Mills[3][27]
  • Askari Development and Holdings (Pvt) Ltd[28]
  • Askari Shoes[3][29]
  • Jolidays[30]
  • Askari CNG[31]
  • Askari Fuels[32]
  • Askari Enterprises Pvt Ltd[33]
  • Askari Farms and Seeds[34]
  • Askari Real Estate[35]
  • Askari Corporate Tower, Lahore[36]
  • Army Welfare Commercial Project[3]
  • Askari Welfare Saving Scheme[3][24]
  • Askari Associate Limited[3][24]
  • Askari Information Service[3][24]
  • Askari Power Limited[3][24]
  • Askari Commercial Enterprises[3][24]
  • Askari Travel Agencies[3]
  • Askari Aviation[3]
  • AWT Commercial Plazas[3]
  • Askari Housing Schemes[3]
  • Blue Lagoon Rawalpindi
  • Blue Lagoon, Faisalabad
  • Askari Apparel, Lahore
  • Army Welfare Mess and Blue Lagoon Restaurant, Rawalpindi[37]
  • Magnesite Refineries Limited[3][24]
  • Two stud farms in Pakpattan and Okara[38]

Former

[edit]

See also

[edit]

References

[edit]
  1. ^ a b "Army Welfare Trust (AWT) - THE ASKARI GROUP OF COMPANIES". www.awt.com.pk. Archived from the original on 2016-07-14. Retrieved 2016-07-21.
  2. ^ "Industrial development". Archived from the original on 21 June 2023. Retrieved 6 August 2020.
  3. ^ a b c d e f g h i j k l m n o p q r s t u v w Brömmelhörster, Jörn; Paes, Wolf-Christian (2004). The Military as an Economic Actor: Soldiers in Business. Palgrave Macmillan. pp. 126–127. ISBN 9780333999288. Despite the fact that it already dominates the Fauji Foundation, the Army nonetheless established another foundation, the Army Welfare Trust (AWT). Although the Trust only became fully operational in 1977, it was originally established in 1971 when it was registered as a 'society' under the Societies Registration Act of 1860, with an endowment of Rs 0.7 million. The trust runs 26 independent projects and is currently valued at Rs 17 billion. The organization is controlled from the Army General Headquarters (GHQ) with the service chief acting as the head of its governing board. He is assisted by all of his senior staff officers. The organization is divided under two heads, AWT and Askari. Operations with greater private sector investment or shareholding have been placed under Askari. The foundation provides jobs to approximately 5,000 ex-servicemen.
  4. ^ "Milestones in the History of AWT". Archived from the original on 2016-07-03. Retrieved 2016-07-21.
  5. ^ Wasim, Amir (2016-07-21). "50 commercial entities being run by armed forces". Archived from the original on 2018-12-25. Retrieved 2016-07-21.
  6. ^ a b c d e f g h i j k l m Noorani, Ahmad (July 22, 2016). "Army launched most business ventures during dictatorships, Senate told". The News International. Archived from the original on July 8, 2024. Retrieved July 8, 2024.
  7. ^ a b c d e "History of the Army Welfare Trust". Archived from the original on 2024-07-08. Retrieved 2024-07-08.
  8. ^ "Askari Fuels".
  9. ^ "Askari Farms and Seeds". Archived from the original on 2022-12-01. Retrieved 2022-12-01.
  10. ^ Shahid, Ariba (April 8, 2021). "Citi pharma set to be Pakistan's biggest pharma IPO". Profit by Pakistan Today. Archived from the original on July 24, 2023. Retrieved July 8, 2024.
  11. ^ "AWT Investment for welfare of ex-servicemen launched". Business Recorder. Archived from the original on 2024-07-08. Retrieved 2024-07-08.
  12. ^ "Lahore - Karachi". Askari General Insurance. 2001-09-13. Archived from the original on 2022-12-01. Retrieved 2022-12-21.
  13. ^ "Askari Life – Welcome". askarilife.com. 2005-02-14. Archived from the original on 2022-06-25. Retrieved 2022-12-21.
  14. ^ "Askari Aviation Pvt. Ltd – Aviation Services Pakistan, Charter Services, Airport Services". askariaviation.com. 2001-04-17. Archived from the original on 2022-10-01. Retrieved 2022-12-21.
  15. ^ Masooma, Syeda (July 2, 2020). "'Askari Airline not to take off anytime soon'". Profit by Pakistan Today. Archived from the original on December 13, 2023. Retrieved December 13, 2023.
  16. ^ a b "Welcome to Askari Aviation". www.askaritravels.com. Archived from the original on 2023-12-13. Retrieved 2023-12-13.
  17. ^ "Welcome to Askari Travels & Tours". www.askaritravels.com. Archived from the original on 2023-12-13. Retrieved 2023-12-13.
  18. ^ "Mal Pakistan - Energy to Move you". www.mal.com.pk. Archived from the original on 2023-12-13. Retrieved 2023-12-13.
  19. ^ "MAL Pakistan Ltd (AWT) - THE ASKARI GROUP OF COMPANIES". www.awt.com.pk. Archived from the original on 2023-12-13. Retrieved 2023-12-13.
  20. ^ "AWT Investments – A Wholly Owned Subsidiary Of Army Welfare Trust". awtinvestments.com. 2017-10-27. Archived from the original on 2022-12-01. Retrieved 2022-12-21.
  21. ^ "MedAsk Pvt Ltd". www.medask.com.pk. Archived from the original on 2023-12-13. Retrieved 2023-12-13.
  22. ^ "Askari Enterprises". www.askarienterprises.com.pk. Archived from the original on 2022-12-03. Retrieved 2022-12-03.
  23. ^ "Army Welfare Sugar Mills".
  24. ^ a b c d e f g h i "Army the second largest employer". DAWN. Archived from the original on 2024-07-08. Retrieved 2024-07-08.
  25. ^ "Askari Guards". Askari Guards. 2008-04-11. Archived from the original on 2022-12-01. Retrieved 2022-12-21.
  26. ^ "Home". August 23, 2022. Archived from the original on December 13, 2023. Retrieved December 13, 2023.
  27. ^ "Askari Woolen Mills". Archived from the original on 2023-12-13. Retrieved 2023-12-13.
  28. ^ "Askari Development & Holding (AWT) - THE ASKARI GROUP OF COMPANIES". Archived from the original on 2023-12-13. Retrieved 2023-12-13.
  29. ^ "Home ASP - Askari Shoes". March 4, 2023. Archived from the original on December 13, 2023. Retrieved December 13, 2023.
  30. ^ "Jolidays – AWT Tourism – Let's Plan your next Journey with Jolidays !".
  31. ^ "Askari Fuels – A Subsidiary of Army Welfare Trust (AWT)". askarifuel.com. 2018-10-13. Archived from the original on 2022-12-03. Retrieved 2022-12-21.
  32. ^ "Askari Fuels – A Subsidiary of Army Welfare Trust (AWT)". Archived from the original on 2022-12-03. Retrieved 2022-12-03.
  33. ^ "Askari Enterprises". Askari Enterprises. 2017-01-22. Archived from the original on 2022-12-03. Retrieved 2022-12-21.
  34. ^ "Askari Farms and Seeds (AWT) - THE ASKARI GROUP OF COMPANIES". Archived from the original on 2022-12-01. Retrieved 2022-12-01.
  35. ^ "AWT Real Estate – A subsidiary of Army Welfare Trust – AWT Realestate Islamabad, Lahore, Peshawar". awtrealestate.com.pk. 2014-11-03. Archived from the original on 2022-12-01. Retrieved 2022-12-21.
  36. ^ "Askari Corporate Tower – Where cutting-edge design meets peace of mind". Archived from the original on 2023-12-13. Retrieved 2023-12-13.
  37. ^ "Blue Lagoon and Army Welfare Mess (AWT) - THE ASKARI GROUP OF COMPANIES". www.awt.com.pk. Archived from the original on 2023-12-13. Retrieved 2023-12-13.
  38. ^ "50 commercial entities being run by armed forces". 21 July 2016. Archived from the original on 13 December 2023. Retrieved 13 December 2023.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Army_Welfare_Trust&oldid=1260087469"