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Army Welfare Trust

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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), (Template:Lang-ur) 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 the deceased soldiers, and the disabled personnel of the army.[2]

History

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 1996, AWT acquired 80 percent shareholding of the Wah Cement Company under the government's privatization policy.[7]

In 1997, AWT established Mobil Askari Lubricants in a joint venture with Mobil Oil Corporation, with a 30 percent equity share.[7] The lubricant blending and distribution plant was constructed in Karachi and it began commercial production in 1997.[7]

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]

Management

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

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

Listed on Stock exchange

  • Askari General Insurance Company Limited[10]
  • Askari Life Assurance Company Limited[11]

Unlisted

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

  • Askari Aviation[12]
  • Askari Airline (Planned)[13]
  • Askari Airport Services[14]
  • Askari Flying Academy[14]
  • Askari Travels & Tours[15]
  • Mobil Pakistan (MAL Pakistan Limited)[16][17]
  • AWT Investments Limited[18]
  • MEDASK[19]
  • Askari Project, Lahore
  • Askari Enterprises[20]
  • Askari Welfare Rice Mill[3]
  • Army Welfare Sugar Mills[3][21]
  • Askari Welfare Pharmaceutical Project in Phool Nagar[3][22]
  • Army Welfare Hosiery Unit[3][22]
  • Askari Fish Farm[3][22]
  • Askari Guards[3][23]
  • Fauji Securities Services Pvt Ltd (acquired from Fauji Foundation)[24]
  • Askari Woolen Mills[3][25]
  • Askari Development and Holdings (Pvt) Ltd[26]
  • Askari Shoes[3][27]
  • Jolidays[28]
  • Askari CNG[29]
  • Askari Fuels[30]
  • Askari Enterprises Pvt Ltd[31]
  • Askari Farms and Seeds[32]
  • Askari Real Estate[33]
  • Askari Corporate Tower, Lahore[34]
  • Army Welfare Commercial Project[3]
  • Askari Welfare Saving Scheme[3][22]
  • Askari Associate Limited[3][22]
  • Askari Information Service[3][22]
  • Askari Power Limited[3][22]
  • Askari Commercial Enterprises[3][22]
  • 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[35]
  • Magnesite Refineries Limited[3][22]
  • Two stud farms in Pakpattan and Okara[36]

Former

See also

References

  1. ^ a b "Army Welfare Trust (AWT) - THE ASKARI GROUP OF COMPANIES". www.awt.com.pk.
  2. ^ "Industrial development". 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.
  4. ^ "Milestones in the History of AWT". Retrieved 2016-07-21.
  5. ^ Wasim, Amir (2016-07-21). "50 commercial entities being run by armed forces". Retrieved 2016-07-21.
  6. ^ a b c d Noorani, Ahmad (July 22, 2016). "Army launched most business ventures during dictatorships, Senate told". The News International.
  7. ^ a b c d e "History of the Army Welfare Trust".
  8. ^ "Askari Fuels".
  9. ^ "Askari Farms and Seeds".
  10. ^ "Lahore - Karachi". Askari General Insurance. 2001-09-13. Archived from the original on 2022-12-01. Retrieved 2022-12-21.
  11. ^ "Askari Life – Welcome". askarilife.com. 2005-02-14. Archived from the original on 2022-06-25. Retrieved 2022-12-21.
  12. ^ "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.
  13. ^ Masooma, Syeda (July 2, 2020). "'Askari Airline not to take off anytime soon'". Profit by Pakistan Today.
  14. ^ a b "Welcome to Askari Aviation". www.askaritravels.com.
  15. ^ "Welcome to Askari Travels & Tours". www.askaritravels.com.
  16. ^ "Mal Pakistan - Energy to Move you". www.mal.com.pk.
  17. ^ "MAL Pakistan Ltd (AWT) - THE ASKARI GROUP OF COMPANIES". www.awt.com.pk.
  18. ^ "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.
  19. ^ "MedAsk Pvt Ltd". www.medask.com.pk.
  20. ^ "Askari Enterprises". www.askarienterprises.com.pk.
  21. ^ "Army Welfare Sugar Mills".
  22. ^ a b c d e f g h i "Army the second largest employer". DAWN.
  23. ^ "Askari Guards". Askari Guards. 2008-04-11. Archived from the original on 2022-12-01. Retrieved 2022-12-21.
  24. ^ "Home". August 23, 2022.
  25. ^ "Askari Woolen Mills".
  26. ^ "Askari Development & Holding (AWT) - THE ASKARI GROUP OF COMPANIES".
  27. ^ "Home ASP - Askari Shoes". March 4, 2023.
  28. ^ "Jolidays – AWT Tourism – Let's Plan your next Journey with Jolidays !".
  29. ^ "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.
  30. ^ "Askari Fuels – A Subsidiary of Army Welfare Trust (AWT)".
  31. ^ "Askari Enterprises". Askari Enterprises. 2017-01-22. Archived from the original on 2022-12-03. Retrieved 2022-12-21.
  32. ^ "Askari Farms and Seeds (AWT) - THE ASKARI GROUP OF COMPANIES".
  33. ^ "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.
  34. ^ "Askari Corporate Tower – Where cutting-edge design meets peace of mind".
  35. ^ "Blue Lagoon and Army Welfare Mess (AWT) - THE ASKARI GROUP OF COMPANIES". www.awt.com.pk.
  36. ^ "50 commercial entities being run by armed forces". 21 July 2016.
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