fatman17
PDF THINK TANK: CONSULTANT
- Joined
- Apr 24, 2007
- Messages
- 32,563
- Reaction score
- 98
- Country
- Location
INTERVIEW : Shaheen Foundation to expand footprint in aviation sector
Air Vice Marshal (r) M Ikramullah Bhatti, MD, Shaheen Foundation
By Shabbir Sarwar
Daily Times: When did you join the air force?
M Ikramullah Bhatti: I joined the air force in 1967 when I entered PAF Public School, Sargodha which was the gateway to entering air force and becoming a pilot. I had joined air force at a very young age.
DT: What inspired you to join air force?
MIB: I guess like all young boys of that time, the 1965 war was the one that inspired me. I was 11-year-old at that time, a very impressionable age. The exploits and legendary feats of valour and combat skill of the PAF pilots motivated me to pursue this career.
DT: When did you actually join as a cadet?
MIB: I joined as a cadet in 1972, just after finishing Fsc at PAF Public School Sragodha and a few months after the Pakistan and India war.
DT: Where was your first assignment?
MIB: My first assignment in the PAF was of course as a flight cadet. PAF used to have an outfit called Initial Training Wing (ITW) at Lower Topa next to Murree where we used to have our primary physical training where they would turn young boys into soldiers and then we would move to Risalpur after one year, where they would again train us into pilots and officers and so it was in May 1975 that I graduated as a pilot and an officer of PAF.
DT: 1975, ’76, ’77 and ’78 were peaceful years but ’79 was when the Russia and Afghanistan conflict started, did you see or take any action?
MIB: Well, I didn’t fire a shot but I did come close to it on few occasions. However, even before the Afghan conflict an important task of PAF has always been to defend the aerial boundaries of the country and for that we had to remain alert 24 hours and in my younger days I got assigned on those duties very often when there would be unidentified aircraft in Pakistani airspace or coming close to our borders from the other side. We would be alerted and would go up in the air headed for the border. The Afghan crisis or conflict did have situations and occasions where Afghan pilots or even Russian pilots intruded our airspace and they had to be countered because they would attempt to attack our villages located at the border.
Very often PAF was called upon to rush to those places and defend our territory and our people on the ground and it did lead to a few air battles, which PAF did engage in and shoot down a couple of Afghan aircraft, only when they had intruded well into our airspace.
We had very stringent rules of engagement because it was not a declared war and we could only engage those aircraft that had crossed into our territory.
Our rules said that we should only open fire at them when we are sure that the debris would fall in our own territory and we should not cross the border or fire across it. This rule reduced the opportunities of combat to quite an extent. I did come close to it a few times but actually didn’t get the opportunity to engage in combat.
DT: When did you retire from the air force?
MIB: I was in the air force
from 1975 to 2007 so that’s about 32 years.
DT: Now you continue to serve the people of the air force in different capacity. You head the Shaheen Foundation. Tell us a bit about the Shaheen Foundation.
MIB: Shaheen Foundation came into existence in 1977. While we had Fauji Foundation looking after all the three services, PAF thought that if it had a dedicated organisation of its own it could better serve its cause and people. Hence they approached the government at that time and got the clearance to set up an organisation of its own.
DT: Does Shaheen Foundation support only the retired air force personnel?
MIB: The foundation supports air force personnel, both serving and retired, and their children. It does two things, firstly it gives them employment opportunities because air force people retire at a very young age. On the average the retirement age is around 43-44 years so people are experienced and able bodied, and because of the limited opportunities in the country they are left without a job so it was thought to create a foundation that could run business, commercial and industrial ventures where we could create employment opportunities. Secondly, they could generate profits by which air force could give stipends and scholarships or even medical assistance, financial assistance in adversity to the people, basically those who are retired and may be in some cases even serving, who could not be supported or helped through the government funds.
DT: This is a very noble cause and you are doing this job. Tell us a little about Shaheen Airport Services, Shaheen Airlines, Shaheen Insurance and your other businesses like real estate ventures.
MIB: Shaheen Foundation at this time has around 26 different business units which generate profits for us or create employment opportunities. Our biggest venture is Shaheen Airport Services that was launched in 1982. This year we are celebrating its 30thanniversary; it is the mainstay of the foundation in terms of human resource and it also generates maximum revenues and employment opportunities for us. Other than that we have entered into real estate project in which we have right now engaged into two residential colonies; one in Peshawar and the other in Islamabad and then we also have gotten into developing big real estate structures in the shape of plazas in Karachi and Lahore. The Shaheen Complex in Karachi was completed in 1984 and the Shaheen Complex in Lahore was inaugurated three years ago. These two are our flagships in this sector and we use them for corporate rental purposes. They give us very secure revenue each year and reasonable employment opportunities also. We can engage 50-60 people who perform different roles; essentially for maintenance and management of the buildings, including security. We do hire certain professionals such as those relating to finance, customer relations and marketing etc these are skill sets that are not available within the air force.
DT: You have sold Shaheen Airlines but you do have Air Eagle!
MIB: Yes, we do have Air Eagle, which at one time was part of Shaheen Airlines. When we created Shaheen Airlines we also created Shaheen Air Cargo, which is now renamed as Air Eagle. Air Eagle is essentially a charter airline. While we have sold off Shaheen Airlines for its own reasons because we could not generate enough profits from it. However, we always retained this thought in our mind that having aviation as our core competency, the portfolio of Shaheen Foundation must have an air line. While Air Eagle and Shaheen Airport Services do give us a foothold in aviation sector we have to go back and have an airline of our own, this is something we live with and this we, InshaAllah, hope to achieve.
DT: Tell us a bit about Shaheen Insurance.
MIB: Shaheen Insurance is a company that we created in 1996 and very soon First Capital and Hollard of South Africa joined us and it has been doing well ever since. It has grown, its portfolio has enlarged and its paid up capital has increased. While our South African partner is intending to exit, we feel that First Capital is a significant partner within the company and all their business know how, experience and exposure in related businesses will continue to benefit the company. We feel that there is a great synergy between the two organisations and with each other’s confidence and support the company certainly has all the potential to reach new heights.
DT: Which one is your favourite out of all the 26 businesses?
MIB: Well, of course logically speaking the one, which is earning us maximum revenue should remain favourite, but I like to focus on those companies, which are not performing well and I like to keep them favourite till they can perform and I can pick another one to work on.
DT: I like to move away from the business end of your life and just talk a little about your personal life, your family and your children. Tell us a little about them.
MIB: I got married in 1980 and we have two children - a daughter and a son. My daughter got married five years ago and we have a grandson. My son has completed his telecom engineering degree and worked for Alcatel, but now has moved to Telenor. My son lives with us and my daughter lives with her husband in London. She visits us regularly every year and they are planning to move to Dubai, then they will be closer to us and we would be able to see them more often. I live in Islamabad with my family that includes my mother, my wife and my son and Alhamdulillah we are very happy and content with our life.
DT: Please tell us what are your future plans for the organisation?
MIB: The long term prospects of the country are indeed very promising. However, the prevailing business environment is not very conducive. Sustainability and growth are therefore quite challenging. At the moment organisational restructuring and HR vitalisation are taking our attention. Notwithstanding this, our focus remains on turning around some of our businesses, which are not doing as well as the others and we have even closed one for the same reason. Then we have plans to expand our footprint in the aviation sector, we are considering to expand the capability of Air Eagle, enter into aviation training including flying. In this regard a low-cost carrier has always remained a thought. Real estate is another sector which we think has been good for us and we would like to expand our footprint over there as well, either on our own or in a joint venture with a credible partner. Then our insurance company is another area which we like to consolidate and expand. We are even considering to enter into financial sector and we even have proposals for a bank and an investment company, which we are deliberating on. ***
Air Vice Marshal (r) M Ikramullah Bhatti, MD, Shaheen Foundation
By Shabbir Sarwar
Daily Times: When did you join the air force?
M Ikramullah Bhatti: I joined the air force in 1967 when I entered PAF Public School, Sargodha which was the gateway to entering air force and becoming a pilot. I had joined air force at a very young age.
DT: What inspired you to join air force?
MIB: I guess like all young boys of that time, the 1965 war was the one that inspired me. I was 11-year-old at that time, a very impressionable age. The exploits and legendary feats of valour and combat skill of the PAF pilots motivated me to pursue this career.
DT: When did you actually join as a cadet?
MIB: I joined as a cadet in 1972, just after finishing Fsc at PAF Public School Sragodha and a few months after the Pakistan and India war.
DT: Where was your first assignment?
MIB: My first assignment in the PAF was of course as a flight cadet. PAF used to have an outfit called Initial Training Wing (ITW) at Lower Topa next to Murree where we used to have our primary physical training where they would turn young boys into soldiers and then we would move to Risalpur after one year, where they would again train us into pilots and officers and so it was in May 1975 that I graduated as a pilot and an officer of PAF.
DT: 1975, ’76, ’77 and ’78 were peaceful years but ’79 was when the Russia and Afghanistan conflict started, did you see or take any action?
MIB: Well, I didn’t fire a shot but I did come close to it on few occasions. However, even before the Afghan conflict an important task of PAF has always been to defend the aerial boundaries of the country and for that we had to remain alert 24 hours and in my younger days I got assigned on those duties very often when there would be unidentified aircraft in Pakistani airspace or coming close to our borders from the other side. We would be alerted and would go up in the air headed for the border. The Afghan crisis or conflict did have situations and occasions where Afghan pilots or even Russian pilots intruded our airspace and they had to be countered because they would attempt to attack our villages located at the border.
Very often PAF was called upon to rush to those places and defend our territory and our people on the ground and it did lead to a few air battles, which PAF did engage in and shoot down a couple of Afghan aircraft, only when they had intruded well into our airspace.
We had very stringent rules of engagement because it was not a declared war and we could only engage those aircraft that had crossed into our territory.
Our rules said that we should only open fire at them when we are sure that the debris would fall in our own territory and we should not cross the border or fire across it. This rule reduced the opportunities of combat to quite an extent. I did come close to it a few times but actually didn’t get the opportunity to engage in combat.
DT: When did you retire from the air force?
MIB: I was in the air force
from 1975 to 2007 so that’s about 32 years.
DT: Now you continue to serve the people of the air force in different capacity. You head the Shaheen Foundation. Tell us a bit about the Shaheen Foundation.
MIB: Shaheen Foundation came into existence in 1977. While we had Fauji Foundation looking after all the three services, PAF thought that if it had a dedicated organisation of its own it could better serve its cause and people. Hence they approached the government at that time and got the clearance to set up an organisation of its own.
DT: Does Shaheen Foundation support only the retired air force personnel?
MIB: The foundation supports air force personnel, both serving and retired, and their children. It does two things, firstly it gives them employment opportunities because air force people retire at a very young age. On the average the retirement age is around 43-44 years so people are experienced and able bodied, and because of the limited opportunities in the country they are left without a job so it was thought to create a foundation that could run business, commercial and industrial ventures where we could create employment opportunities. Secondly, they could generate profits by which air force could give stipends and scholarships or even medical assistance, financial assistance in adversity to the people, basically those who are retired and may be in some cases even serving, who could not be supported or helped through the government funds.
DT: This is a very noble cause and you are doing this job. Tell us a little about Shaheen Airport Services, Shaheen Airlines, Shaheen Insurance and your other businesses like real estate ventures.
MIB: Shaheen Foundation at this time has around 26 different business units which generate profits for us or create employment opportunities. Our biggest venture is Shaheen Airport Services that was launched in 1982. This year we are celebrating its 30thanniversary; it is the mainstay of the foundation in terms of human resource and it also generates maximum revenues and employment opportunities for us. Other than that we have entered into real estate project in which we have right now engaged into two residential colonies; one in Peshawar and the other in Islamabad and then we also have gotten into developing big real estate structures in the shape of plazas in Karachi and Lahore. The Shaheen Complex in Karachi was completed in 1984 and the Shaheen Complex in Lahore was inaugurated three years ago. These two are our flagships in this sector and we use them for corporate rental purposes. They give us very secure revenue each year and reasonable employment opportunities also. We can engage 50-60 people who perform different roles; essentially for maintenance and management of the buildings, including security. We do hire certain professionals such as those relating to finance, customer relations and marketing etc these are skill sets that are not available within the air force.
DT: You have sold Shaheen Airlines but you do have Air Eagle!
MIB: Yes, we do have Air Eagle, which at one time was part of Shaheen Airlines. When we created Shaheen Airlines we also created Shaheen Air Cargo, which is now renamed as Air Eagle. Air Eagle is essentially a charter airline. While we have sold off Shaheen Airlines for its own reasons because we could not generate enough profits from it. However, we always retained this thought in our mind that having aviation as our core competency, the portfolio of Shaheen Foundation must have an air line. While Air Eagle and Shaheen Airport Services do give us a foothold in aviation sector we have to go back and have an airline of our own, this is something we live with and this we, InshaAllah, hope to achieve.
DT: Tell us a bit about Shaheen Insurance.
MIB: Shaheen Insurance is a company that we created in 1996 and very soon First Capital and Hollard of South Africa joined us and it has been doing well ever since. It has grown, its portfolio has enlarged and its paid up capital has increased. While our South African partner is intending to exit, we feel that First Capital is a significant partner within the company and all their business know how, experience and exposure in related businesses will continue to benefit the company. We feel that there is a great synergy between the two organisations and with each other’s confidence and support the company certainly has all the potential to reach new heights.
DT: Which one is your favourite out of all the 26 businesses?
MIB: Well, of course logically speaking the one, which is earning us maximum revenue should remain favourite, but I like to focus on those companies, which are not performing well and I like to keep them favourite till they can perform and I can pick another one to work on.
DT: I like to move away from the business end of your life and just talk a little about your personal life, your family and your children. Tell us a little about them.
MIB: I got married in 1980 and we have two children - a daughter and a son. My daughter got married five years ago and we have a grandson. My son has completed his telecom engineering degree and worked for Alcatel, but now has moved to Telenor. My son lives with us and my daughter lives with her husband in London. She visits us regularly every year and they are planning to move to Dubai, then they will be closer to us and we would be able to see them more often. I live in Islamabad with my family that includes my mother, my wife and my son and Alhamdulillah we are very happy and content with our life.
DT: Please tell us what are your future plans for the organisation?
MIB: The long term prospects of the country are indeed very promising. However, the prevailing business environment is not very conducive. Sustainability and growth are therefore quite challenging. At the moment organisational restructuring and HR vitalisation are taking our attention. Notwithstanding this, our focus remains on turning around some of our businesses, which are not doing as well as the others and we have even closed one for the same reason. Then we have plans to expand our footprint in the aviation sector, we are considering to expand the capability of Air Eagle, enter into aviation training including flying. In this regard a low-cost carrier has always remained a thought. Real estate is another sector which we think has been good for us and we would like to expand our footprint over there as well, either on our own or in a joint venture with a credible partner. Then our insurance company is another area which we like to consolidate and expand. We are even considering to enter into financial sector and we even have proposals for a bank and an investment company, which we are deliberating on. ***