Shaheen Foundation

[3] The airline's early operations were fraught with difficulties, exacerbated by a 50 percent fare discount for retired and serving military officers and high operating costs due to a limited number of aircraft on wet lease.

[4] The negotiation of this partnership was notably managed on a one-to-one basis by an acting Pakistan Air Force officer, who was employed by the company after his retirement.

[4] Later, Shaheen Foundation established the radio channel FM-100 and the satellite television network SB Pay-TV, with the help of Asif Ali Zardari, and his close aide.

[5] These businesses were marred by controversial agreements that led to financial losses for the foundation.

[5] In 2000, the foundation filed a legal complaint with the Securities and Exchange Commission of Pakistan under section 263 of the Companies Act, alleging violations of the agreement terms by a major shareholder.

Shaheen Complex in Karachi