The bankrupt Pakistan Army chief has a huge business empire and his net worth will shock you, it's Rs…
In addition to his role in military affairs, Munir is also the center of a powerful commercial empire run by the Pakistani army.
Asim Munir, the current chief of staff of Pakistan Army, has become a notorious name in India, especially after the recent Pahargan terrorist attacks. But besides his role in military affairs, Munier is the center of a bigger thing – a powerful business empire run by the Pakistani army.
The Pakistani army is often described as the country's largest business group. The report shows it operates more than 100 companies, many of which are making substantial profits. These businesses not only provide large amounts of revenue to institutions, but also provide revenue to senior officials such as Army chiefs. In Pakistan, being the head of the army is not only a military effort, but it is like the CEO of Giants.
The military's range is far beyond the defense. It has significant control over the real estate market and operates several large organizations such as the Fauji Foundation, the Army Welfare Trust, the Shaheen Foundation and the Bahria Foundation. Although these are labeled as welfare institutions, they operate more like commercial companies.
The famous Pakistani writer Ayesha Siddiqa reveals the commercial roots of the Army in her book “Military Company: Military Economy within Pakistan”. From cement and banking to dairy products, transportation, and especially real estate, the Army has its own hands in many sectors. In cities such as Karachi, Lahore and Islamabad, land taken in the name of national security has become profitable housing projects.
The Defense Housing Administration (DHA) is one of the most well-known Army-operated real estate brands worth billions of dollars. It is estimated that the total value of the Army could be between $4 billion and $100 billion today.
As for General Asim Munir himself, his net worth is about US$800,000, equivalent to about Rs 67 crore.
