Army has big business in Pakistan, read report
Army has big business in Pakistan, read report
Share:

New Delhi: In Pakistan, the army is considered to be very powerful. The army interferes with all internal and external issues of the country.  Pakistan's army also dominates the business there. The army there runs the second-largest business group in the country. The name of this group is 'Army Foundation'. According to a report, the military foundation's business spans the area from food to electricity. In this way, the army has a presence in almost every area of every Pakistani's life.

According to the report, in 2016, the Senate of Pakistan was informed that the Pakistan Army's Commercial Wings, Shaheen Foundation, Bahria Foundation, Army Welfare Trust and Defense Housing Authorities, including the Military Foundation, have residential properties worth more than $ 20 billion. According to the latest figures, there are hundreds of army-owned ventures and according to reports, the army's investment in these companies is more than $ 100 billion. According to the report, the Army has recently ventured into the fuel sector business.

In Pakistan, the army already operates from banking, food, retail, superstores, cement, real estate, housing, construction, private security services to insurance companies. Let me tell you that the Pak military chief had a secret meeting with the top businessmen of the country. Due to which all kinds of speculation started.

Also Read:

Moody warns the government to reduce the rating, know the reason

ICICI Bank launches mega discount offer, Grab huge discounts on these items

Government trying to speed up economy, can take this step

NSE is going to delist these nine companies, know the reason

 

Join NewsTrack Whatsapp group
Related News