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Waqar Ahmed Khan

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Waqar Ahmed Khan (born July 20, 1963 in Dera Ismail Khan)[1] is a Pakistani politician and businessman. He has been a member of the honorable Senate of Pakistan for 21 years. Waqar was elected to the Senate of Pakistan for the first time in 1994 as the youngest ever member of the Upper House of Pakistan[2] for a six years term and won by an overwhelming majority, securing the largest number of electoral votes from the provincial assembly of KPK. He was serving his country as a member of Upper House till 2015 holding positions of Federal Minister for Investment (Nov. 2008 – Dec. 2009) and Federal Minister for Privatization (Dec. 2009 – Feb. 2011).

He is a Chairman of WAKGROUP - one of the business conglomerates in Pakistan whose business portfolio ranges from real estate and construction, energy and steel and fashion to consumer electronics.[3] Moving forward with the legacy of his father, Senator Gulzar Ahmed Khan who started this long journey to success in the late 1950s, Senator Waqar Ahmed Khan is refining and redefining the corporate culture of Pakistan by setting unprecedented standards of excellence in service, delivery and consumer satisfaction in shape of WAKGROUP. Today WAKGROUP is in an expansion process which includes the visionary initiatives.WAKGROUP has diversified its portfolio to launch top-notch brands in real estate, gas and petroleum, steel, construction, fashion, media and consumer electronics.

Welcome to WAKGAS [4] A flagship of WAKGROUP renowned as WAKGAS started its LPG marketing operations in August, 1989, WAK GAS is Pakistan’s only ISO-certified LPG concern engaged in buying, filling, marketing and distribution of Liquefied Petroleum Gas. Pakistan’s largest on-ground and mobile storage facility of over 6000MT and 1500 tons respectively, enables WAKGAS to cater to the versatile needs of its diversified customer-base comprising 40 million individuals and entities.

PETROWELL (Pvt.) LIMITED was incorporated on December 15, 2015 as a Private Limited Company under the umbrella of WAK Group.

Engaged in marketing and distribution of POL products, PETROWELL (Pvt.) Limited is committed to propel the pace of Pakistan’s journey towards progress and prosperity

PAK Arab Housing (Real Estate) Reshaping Lifestyles Of The Growing Middle Class Envisioned to provide affordable shelter in a sustainable environment, Pak Arab Housing Society is the essence of WAK Group’s rich experience of real estate development.Commencing with the launch of Lahore’s first private housing society (currently known as DHA Phase 1) in 1960s, the Group has to its credit some other landmark projects.

WAKTECH (Consumer Electronics) Inspired By Innovation As WAKGROUP’s latest initiative in consumer electronics sector, WAKTECH is driven to capitalize on Pakistan’s consumer electronic market worth $1.5 billion. With gradual improvement in power generation and a rising PPP, the sector is expected to grow to $2–4 billions in the near future.

Falcon Oil (Oil Refinery) Fuelling Prosperity! As the latest addition to the group, FALCON OIL is setting up a world-class oil refinery at Khyber Pakhtunkhawa (KPK), in collaboration with a Chinese company (GEDI).

The timing and the location of this joint venture is very crucial when viewed in the context of CPEC (China Pakistan Economic Corridor), an epoch-making project that is going to be a game changer for the region.

With a capacity of over 100 thousand BPD, Falcon Oil will be a backbone not only of PetroWell’s marketing of POL products, but of the national economy, fuelling growth and prosperity across the length and breadth of Pakistan.

FALCON OIL refining complex will produce the following finished products: LPG Gasoline Euro II JP1 JP8 Diesel Euro II SR Fuel oil LSFO LVGO HVGO Vacuum Residue Asphalt (Performance grade) Petroleum coke Sulfur[5]

Pakistani conglomerate WAKGROUP has awarded a contract worth $3.58bn to China-based Guangdong Electrical Design Institute (GEDI) to build a new deep conversion oil refinery in the Khyber Pakhtunkhwa province.

The contract given for GEDI, a subsidiary of China Energy Engineering Corporation (CEEC), is for engineering, procurement and construction (EPC) of the Falcon Oil refinery project.

According to the parties, the Falcon Oil refinery, which will be built in Dera Ismail Khan, will have a production capacity of up to 100,000 barrels per day of oil.

The objective of the Falcon Oil refinery will be to process 90% of the imported crude oil via Karachi with 10% local crude oil sourced from various oil wells in Karak district. The subsequent petroleum products produced from the full conversion process will be mainly for sale by complying with the mandated EURO-II specifications.

WAKGROUP chairman Waqar Ahmed Khan said: “This new state-of-the-art oil refining complex will have its independent 100-Mega Watt power generation plant, 3.8 million metric tons storage facilities all across Pakistan and 300 plus kilometers network of oil pipe lines.”

The Pakistani oil refinery is likely to be completed in 30 months after commencement of the project work.

It will feature a crude distillation unit, a naphtha hydrotreater unit, a reformer unit, an isomerization plant, a thermal gas oil unit, an effluent treatment plant and all auxiliary units.

CEEC vice president Yu Gang said: “As the strong backup for GEDI, CEEC is willing to provide convenience and support while at the same time implement supervision and provide guidance.

“CEEC and GEDI will insist on the scientific, high efficient, concise and modest philosophy to utilize resources, make technical planning and solution and strictly execute the contract to build the project into a demonstration of China-Pakistan cooperation."

[6]

Political Background

Many members of Waqar Ahmed Khan's family are politicians and enjoy a historic parliamentary representation in the Upper House. Waqar Ahmed Khan is son of Senator Gulzar Ahmed Khan, an eminent political personality of Pakistan.[1] The Senior Senator Gulzar Ahmed Khan held key Federal Ministries in the Government of Pakistan and remained special assistant for provincial coordination to the Prime Minister of Pakistan. Among other family members are his uncle Mukhtar Ahmed Khan elected to the Upper House and his mother Mrs. Razia Sultana who served as a member of the Lower House (National Assembly) of Pakistan. His uncle was also elected as Zila Nazim from DIK.[7] His brother, Ammar Ahmed Khan served as a Senator as well.

Career

Gulzar Ahmed Khan (father) and Waqar Ahmed Khan (son) became members of the Senate simultaneously. Waqar Ahmed Khan was elected to the Senate of Pakistan for the first time in 1994 as the youngest ever member of the Upper House of Pakistan[2] for a six years term and won by an overwhelming majority, securing the largest number of electoral votes from the provincial assembly of KPK. He was serving his country as a member of Upper House till 2015 holding positions of Federal Minister for Investment (Nov. 2008 – Dec. 2009) and Federal Minister for Privatization (Dec. 2009 – Feb. 2011).

Waqar Ahmed Khan was active in House Business Affairs and was Chairman of Senate Standing Committee on Labour, Manpower & Overseas Pakistanis and Senate Standing Committee on Textiles. During his parliamentary career, he has also held numerous positions in the House Committees, including Senate Standing Committee on Cabinet, Senate Standing Committee on Establishment & Management Services, Standing Committee on Planning & Development, Standing Committee on Foreign Affairs & Defence, Standing Committee of the House on Water & Power and Standing Committee of the Defense & Communication. Waqar Ahmed Khan has interacted with multi-national companies as well as Development Financial Institutions (DFIs). He also has experience in international and national political and economic strategic affairs.

For his efforts in signing Trade Agreement with G-11 Countries he was awarded a Leadership Honor.

Leadership Honor (Trade Agreement Signed with G-11 Countries) Co-Chairman (FoDP) Friends of Democratic Pakistan, Dubai, Govt. of Pakistan Lead the Pakistan Team as a Keynote Speaker to the World Islamic Economic Forum Keynote Speaker at Friends of Pakistan (F0DP) conference in DUBAI Addressed London Stock Exchange Signed the G-11 Countries framework agreement for economic trade held at Dead Sea, Jordan Represented the nation as a chief spokesman in PAK-Malaysia Joint Economic & Commercial Cooperation

In 2013 Waqar Ahmed Khan members of his family have been embroiled in a lasting legal battle with Deutsche Bank over the property in the north London street.[2] As result the house was repossessed.[8]

In 2014 Senator Waqar Ahmed Khan was accused of giving Rs 500 million to the trust bank of a personal friend in the name of investment when he was the head of the Privatization Commission which was followed by the bank's bankruptcy.[9]

References

  1. ^ a b "Senate of Pakistan". www.senate.gov.pk. Retrieved 2020-01-04.
  2. ^ a b c "Political dynasty in court battle with bank over £100m mansion". Evening Standard. 2013-01-16. Retrieved 2020-01-04.
  3. ^ "Management". WAKGROUP. Retrieved 2020-01-04.{{cite web}}: CS1 maint: url-status (link)
  4. ^ https://waqarahmedkhan.com/businesses/
  5. ^ http://falconoil.com.pk/our-products/
  6. ^ https://www.nsenergybusiness.com/news/newschinas-gedi-wins-358bn-epc-contract-for-falcon-oil-refinery-in-pakistan-220817-5905829/
  7. ^ "A tribute to Senator Gulzar Ahmad Khan". Daily Times. 2015-12-12. Retrieved 2020-01-04.
  8. ^ Bruxelles, Simon de (2013-10-29). "£30m house becomes UK's costliest repossession". The Times. ISSN 0140-0460. Retrieved 2020-01-04.
  9. ^ "PAC brushes Rs 500m scam against senator under the carpet | Pakistan Today". www.pakistantoday.com.pk. Retrieved 2020-01-04.
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