Army Welfare Trust

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Army welfare Trust
Founded 1971; 53 years ago (1971)
Headquarters Rawalpindi, Pakistan
Key people
 Lt Gen (R) Naveed Mukhtar (Managing Director)
Total assets Increase ₨40 billion (US$390 million) (2020)[1]
Number of employees
 ~30,000 (2020)[1]
Subsidiaries Mobil Pakistan
Website www.awt.com.pk

Army Welfare Trust (AWT), (Urdu: تولیتِ عسکری برائے بہبود‎) also known as Askari Group of Companies, is a Pakistani 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.[2]

History

It was established in 1971. The first commercial unit was a stud farm located in Probyanabad.[3] AWT now has a total of 15 business units working under its banner.[4]

Companies

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

Listed on Stock exchange

  • Askari General Insurance[5]
  • Askari Life Insurance[6]

Unlisted

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

  • Askari Aviation[7]
  • Askari Bank
  • Askari Cement
  • Mobil Pakistan
  • Askari Tower, Lahore
  • AWT Investments[8]
  • Army Welfare Sugar Mills[9]
  • Blue Lagoon Rawalpindi
  • Askari Guards[10]
  • Askari CNG[11]
  • Askari Enterprises [12]
  • Askari Farms and Seeds[13]
  • Askari Real Estate[14]
  • Blue Lagoon, Faisalabad

See also

References

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