The story
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. It became fully operational in 1977. The first commercial unit of the trust was a stud farm located in Probyanabad which it received from Pakistan Army in 1972.
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. In the same year, stud farm in Boyle Gunj came under the control of AWT.
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.
In 1990, AWT founded Askari Shoes with a factory in Lahore. In the same year, Army Welfare Mess and Blue Lagoon Restaurant was launched in Rawalpindi.
In 1991, AWT launched housing schemes in Lahore, Badaber, and Sangjani near Islamabad.
In 1995, AWT entered insurance and aviation business and established Askari General Insurance and Askari Aviation Services.
In 1996, AWT acquired 80 percent shareholding of the Wah Cement Company under the government's privatization policy. In the same year, AWT established Mobil Askari Lubricants in a joint venture with Mobil Oil Corporation, with a 30 percent equity share. The lubricant blending and distribution plant was constructed in Karachi and it began commercial production in 1997. Askari Guards was also established in 1996.
In 2002, AWT established a business in fuel sector called Askari CNG. It was renamed as Askari Fuels in May 2014.
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In 2004, AWT founded Askari Seeds which now has three factories located in Lahore, Okara, and Sukkur.
In 2013, AWT sold its pharmaceuticals business located in Phool Nagar, Askari Pharmaceuticals, which was later renamed as Citi Pharma.
In 2014, AWT acquired Fauji Security Services from Fauji Foundation. In the same year, Askari Apparel was established in Lahore.
In 2015, AWT inaugurated Askari Blue Lagoon in Faisalabad.
In 2017, AWT founded an asset management company named AWT Investment Company in a joint venture with Pak Brunei Investment Company.
From Wikipedia’s article on Askari Aviation, shared under CC BY-SA 4.0.3