Humayun Akhtar Khan
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Humayun Akhtar Khan (
Urdu Urdu (; , , ) is an Indo-Aryan languages, Indo-Aryan language spoken chiefly in South Asia. It is the Languages of Pakistan, national language and ''lingua franca'' of Pakistan. In India, it is an Eighth Schedule to the Constitution of Indi ...
: ) (born 1 April 1955) is a
Pakistani Pakistanis (, ) are the citizens and nationals of the Islamic Republic of Pakistan. Pakistan is the fifth-most populous country, with a population of over 241.5 million, having the second-largest Muslim population as of 2023. As much as ...
politician A politician is a person who participates in Public policy, policy-making processes, usually holding an elective position in government. Politicians represent the people, make decisions, and influence the formulation of public policy. The roles ...
,
business tycoon A business magnate, also known as an industrialist or tycoon, is a person who is a powerful entrepreneur and investor who controls, through personal enterprise ownership or a dominant shareholding position, a firm or industry whose goods or ser ...
and
actuary An actuary is a professional with advanced mathematical skills who deals with the measurement and management of risk and uncertainty. These risks can affect both sides of the balance sheet and require investment management, asset management, ...
. He has been elected as a member of the
National Assembly In politics, a national assembly is either a unicameral legislature, the lower house of a bicameral legislature, or both houses of a bicameral legislature together. In the English language it generally means "an assembly composed of the repr ...
four consecutive times between 1990 and 2007, having served as Federal Minister for Trade and Commerce from 2002 to 2007 and as Chairman Board of Investment /
Minister of State Minister of state is a designation for a government minister, with varying meanings in different jurisdictions. In a number of European countries, the title is given as an honorific conferring a higher rank, often bestowed upon senior minister ...
for Investment from 1997 to 1999. Khan is the chairman of Akhtar Fuiou Technologies and Institute for Policy Reform, and owns one of the largest conglomerates in Pakistan, comprising Tandlianwala Sugar Mills, Superior Textile Mill, and Lotte Akhtar Beverages (
PepsiCo PepsiCo, Inc. is an American multinational corporation, multinational food, snack, and beverage corporation headquartered in Harrison, New York, in the hamlet of Purchase, New York, Purchase. PepsiCo's business encompasses all aspects of the f ...
franchise).


Early life and education

Humayun Akhtar Khan was born on 1 April 1955 in
Multan Multan is the List of cities in Punjab, Pakistan by population, fifth-most populous city in the Punjab, Pakistan, Punjab province of Pakistan. Located along the eastern bank of the Chenab River, it is the List of cities in Pakistan by populatio ...
to ex- DG ISI General
Akhtar Abdur Rahman Akhtar Abdur Rahman (11 June 192417 August 1988) was a Pakistan Army general who served as the 5th Chairman Joint Chiefs of Staff Committee from 1987 until his death in 1988. He previously served as the 12th Director-General of Inter-Servic ...
and Rashida Begum. He received his early education from
Army Burn Hall College Army Burn Hall College (; Pashto: د ارمي برن هال کالج; commonly referred to as Burn Hall and abbreviated as ABHC) is a highly selective, Pakistan Army-administered day and boarding school and college in Abbottabad, Pakistan. ...
,
Abbottabad Abbottabad is a city in the Hazara Division of Khyber Pakhtunkhwa province, Pakistan. It is the 40th largest city in the country and 6th largest in the province by population, and serves as the headquarter of its namesake tehsil and district ...
, and Saint Mary's Academy,
Rawalpindi Rawalpindi is the List of cities in Punjab, Pakistan by population, third-largest city in the Administrative units of Pakistan, Pakistani province of Punjab, Pakistan, Punjab. It is a commercial and industrial hub, being the list of cities in P ...
. He then received a
bachelor's degree A bachelor's degree (from Medieval Latin ''baccalaureus'') or baccalaureate (from Modern Latin ''baccalaureatus'') is an undergraduate degree awarded by colleges and universities upon completion of a course of study lasting three to six years ...
in business mathematics from
Government College University, Lahore The Government College University (colloquially known as GCU; Punjabi, Urdu: ) is a public research university in Lahore, Punjab, Pakistan. Founded as Government College, Lahore, in 1864 under British administration, it became a university i ...
, and a
master's degree A master's degree (from Latin ) is a postgraduate academic degree awarded by universities or colleges upon completion of a course of study demonstrating mastery or a high-order overview of a specific field of study or area of professional prac ...
in
actuarial science Actuarial science is the discipline that applies mathematics, mathematical and statistics, statistical methods to Risk assessment, assess risk in insurance, pension, finance, investment and other industries and professions. Actuary, Actuaries a ...
and
business administration Business administration is the administration of a commercial enterprise. It includes all aspects of overseeing and supervising the business operations of an organization. Overview The administration of a business includes the performance o ...
from the
University of Manitoba The University of Manitoba (U of M, UManitoba, or UM) is a public research university in Winnipeg, Manitoba, Canada. Founded in 1877, it is the first university of Western Canada. Both by total student enrolment and campus area, the University of ...
,
Canada Canada is a country in North America. Its Provinces and territories of Canada, ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, making it the world's List of coun ...
. He is a Fellow of the
Society of Actuaries The Society of Actuaries (SOA) is a global professional organization for actuaries. It was founded in 1949 as the merger of two major actuarial organizations in the United States: the Actuarial Society of America and the American Institute of A ...
,
United States The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...
, since 1980 and of the
Canadian Institute of Actuaries The Canadian Institute of Actuaries (CIA) is the national organization of the actuarial profession in Canada. It was incorporated March 18, 1965. The FCIA designation stands for Fellow of the Canadian Institute of Actuaries. As the national orga ...
since 1981.


Professional career

For around a decade while residing in
Toronto, Canada Toronto ( , locally pronounced or ) is the List of the largest municipalities in Canada by population, most populous city in Canada. It is the capital city of the Provinces and territories of Canada, Canadian province of Ontario. With a p ...
, from 1977 to 1987, Khan worked in senior executive positions in leading
multinational corporation A multinational corporation (MNC; also called a multinational enterprise (MNE), transnational enterprise (TNE), transnational corporation (TNC), international corporation, or stateless corporation, is a corporate organization that owns and cont ...
s and
insurance companies Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect ...
including
North American Life The North American Life Assurance Company, commonly known as North American Life, was an insurance company headquartered in Newtonbrook, Toronto, Ontario. In 1995, it was one of the largest mutual insurance companies in North America with US$4.4 ...
.


Business career


Lotte Akhtar Beverages

Khan, along with his brothers, decided to move back to
Pakistan Pakistan, officially the Islamic Republic of Pakistan, is a country in South Asia. It is the List of countries and dependencies by population, fifth-most populous country, with a population of over 241.5 million, having the Islam by country# ...
in 1988 after the death of their father, General
Akhtar Abdur Rahman Akhtar Abdur Rahman (11 June 192417 August 1988) was a Pakistan Army general who served as the 5th Chairman Joint Chiefs of Staff Committee from 1987 until his death in 1988. He previously served as the 12th Director-General of Inter-Servic ...
, Death and state funeral of Muhammad Zia-ul-Haq, who died in a plane crash which also killed President Zia-ul-Haq. The Akhtar brothers, along with their cousin Jahangir Khan Tareen and his brother-in-law Makhdoom Ahmed Mehmood, together bought Riaz Bottlers (Bottling company, bottling and Distribution (business), distribution franchise for
PepsiCo PepsiCo, Inc. is an American multinational corporation, multinational food, snack, and beverage corporation headquartered in Harrison, New York, in the hamlet of Purchase, New York, Purchase. PepsiCo's business encompasses all aspects of the f ...
beverages in Pakistan) from former Chief Minister of Punjab (Pakistan), Chief Minister of Punjab Sadiq Hussain Qureshi. The consortium managed to turn around the fortunes of Riaz Bottlers from bankruptcy to being the standout company in the beverage industry with key sponsorship deals including that with the Pakistan national cricket team, Pakistan cricket team and a vast portfolio of the beverages that PepsiCo Pakistan produces such as Pepsi, Mountain Dew, 7-Up, Aquafina, Mirinda, Slice (drink), Slice and Sting Energy Drink, Sting. In 2018, South Korean chaebol Lotte Chilsung acquired a controlling stake in Riaz Bottlers (now known as Lotte Akhtar Beverages) although the Akhtar brothers maintain a significant minority share and are Lotte (conglomerate), Lotte's strategic partners in Pakistan.


Tandlianwala Sugar Mills

After success in the beverage industry, the Akhtar brothers entered the Pakistan's sugar industry. They later expanded into production of downstream products such as carbon dioxide and ethanol. Tandlianwala Sugar Mills is the fourth largest producer of sugar in addition to being the largest exporter of ethanol in the country. As of 30 September 2023, it had Sales of Pakistani rupee, Rs.42.3 billion. The group includes three sugar mills in Tandlianwala, Muzaffargarh, and Dera Ismail Khan with a combined sugarcane crushing capacity of 48,000 tons of cane per day (480,000 metric tonnes of sugar per year); two ENA ethanol Distillation, distilleries in Tandlianwala and Muzaffargarh with a production capacity of 265,000 liters of ethanol per day (66,000 metric tonnes of ethanol per year), and a carbon dioxide recovery plant with a capacity of 48 tons per day (annual production of 16,000 tonnes).


Political career


Joining IJI and PML-N (1990–1999)

Khan started his political journey in 1990 when he contested the 1990 Pakistani general election, elections representing Islami Jamhoori Ittehad (IJI) from NA-92 Lahore constituency (now NA-117 (Lahore-I), NA-123), which was then considered a Pakistan Peoples Party stronghold. Khan won the election, beating PPP's Rafiq Ahmed Sheikh. He became a member of Pakistan Muslim League (N) after it broke away from the IJI. In the 1993 Pakistani general election, 1993 general election, he contested for the
National Assembly In politics, a national assembly is either a unicameral legislature, the lower house of a bicameral legislature, or both houses of a bicameral legislature together. In the English language it generally means "an assembly composed of the repr ...
seat from the NA-93 Lahore constituency (now NA-121 (Lahore-V), NA-121, which was then known as the 'Larkana of Lahore' as it was another PPP stronghold. He beat PPP's Aitzaz Ahsan, and was thus elected as a member of the National Assembly for a second time. In the 1997 Pakistani general election, 1997 general election, despite being elected twice from PPP strongholds in Lahore and defeating Pakistan People's Party, PPP stalwarts in previous elections, he was not awarded a Pakistan Muslim League (N), PML-N ticket. However, he was elected in the by-election on the Rahim Yar Khan Member of the National Assembly of Pakistan, MNA seat NA-150 (now NA-174 (Rahim Yar Khan-VI), NA-174) given up by his business partner Makhdoom Ahmed Mehmood. Upon being elected, he was appointed Chairman Board of Investment (Pakistan), Board of Investment and
Minister of State Minister of state is a designation for a government minister, with varying meanings in different jurisdictions. In a number of European countries, the title is given as an honorific conferring a higher rank, often bestowed upon senior minister ...
for Investment.


Formation of PML-Q (1999–2002)

After the Pakistan Coup of 1999, military coup in 1999 in which Nawaz Sharif was overthrown by General (military), General Pervez Musharraf, Humayun Akhtar, along with many of Nawaz Sharif's close aides, were under house arrest for months. For two years, the National Accountability Bureau launched thorough investigations against Humayun's family and placed him on the Exit Control List. After being cleared of all allegations leveled against him, Humayun resumed his political career in 2001. In 2002, General (military), General Pervez Musharraf, who by then had also become the president of Pakistan, promised that there would be 2002 Pakistani general election, general elections in October. Because Nawaz Sharif had been exiled to Saudi Arabia and the military establishment gave the impression that he was gone for good, many of his most prominent party leaders, including Chaudhry Shujaat Hussain, Chaudhry Pervaiz Elahi, Ijaz-ul-Haq, Khurshid Mahmud Kasuri, Shaikh Rasheed Ahmad, Mian Muhammad Azhar, Mian Azhar and Humayun Akhtar Khan, formed a new party called Pakistan Muslim League (Q), Pakistan Muslim League- Quaid-e-Azam. Humayun contested from constituency NA-131 (Lahore-IX), NA-125, which was in fact part of what was once called NA-93, the constituency he won from in 1993 Pakistani general election, 1993, and defeated Akram Zaki of PML-N and Naveed Chaudhry of Pakistan Peoples Party, PPP. He was one of only two PML-Q MNA candidates to be elected from the 13 seats in Lahore and was appointed Ministry of Commerce (Pakistan), Federal Minister for Trade and Commerce.


Prime ministerial candidacy (2002–2007)

When Pakistan Muslim League (Q), PML-Q was forming its government in 2002, Humayun Akhtar was one of the candidates considered for the post of Prime Minister of Pakistan, prime minister. However, President of Pakistan, President Pervez Musharraf, Musharraf and the PML-Q eventually decided to choose the prime minister from one of the smaller provinces and hence gave the honor to Zafarullah Khan Jamali of Balochistan, Pakistan, Balochistan. By early 2004, it was clear that Zafarullah Khan Jamali, Jamali had fallen out of favor with Pervez Musharraf, President Musharraf and his own party members. Jamali did not support Pervez Musharraf, Musharraf's decision to keep on his Chief of Army Staff (Pakistan), uniform amongst other things while Pervez Musharraf, Musharraf was fed up with Jamali's incompetence and poor governance. By May 2004, the party decided to sack Jamali, and in his place, a number of potential candidates were listed. After many high-level consultations between the President of Pakistan, president and his close political and military aides, it was decided that Humayun was the best choice to lead the nation. Although Humayun had a strong backing of the Pakistan Army and the Inter-Services Intelligence, ISI as many of the top generals had served under his father who led these institutions in the 1980s, his own party leaders the Shujaat Hussain, Chaudhrys of Gujrat District, Gujrat proved to be the last hurdle in his nomination as they fought tooth and nail to ensure that he did not become the next prime minister. Party President Shujaat Hussain, Chaudhry Shujaat went to the extent of asking Musharraf to delay the announcement of the new prime minister by three weeks till the budget session concluded. Many political analysts believe that the main reason behind the delay was to postpone Humayun's candidacy, as the Chaudhrys felt that he had intentions of hijacking the party from them and as a result threatening Pervaiz Elahi, Pervaiz Elahi's own political ambitions of eventually becoming prime minister after the next election. Eventually, Pervez Musharraf, Musharraf adhered to the pressure and the only other viable option for Pervez Musharraf, Musharraf was Finance minister of pakistan, Finance Minister Shaukat Aziz who was a senator, not a member of parliament. Eventually, Chaudhry Shujaat Hussain was made interim Prime Minister of Pakistan, prime minister for two months and it was decided that Shaukat Aziz would contest an election for the national assembly via by-election. Shortly after contesting and winning the by-election, Shaukat Aziz replaced Chaudhry Shujaat Hussain, Chaudhry Shujaat as Prime Minister of Pakistan, prime minister.


Alliance with PML-N (2008–2013)

In May 2012, the Pakistan Muslim League (Like-Minded), Pakistan Muslim League (Like-minded Group) formed an alliance with the Pakistan Muslim League (N), PML-N in a bid to unite all Pakistan Muslim League, Muslim League factions under the leadership of Nawaz Sharif, with the aim of defeating the Pakistan Tehreek-e-Insaf, PTI and the ruling coalition of Pakistan Peoples Party, PPP and Pakistan Muslim League (Q), PML-Q in the upcoming 2013 Pakistani general election, general elections. According to the seat adjustment formula that would accommodate several leaders of the Pakistan Muslim League (Like-Minded), Likeminded Group, Humayun was to be awarded a Pakistan Muslim League (N), PML-N ticket from NA-128 (Lahore-VI), NA-124 Lahore instead of NA-131 (Lahore-IX), NA-125 while his brother Haroon Akhtar Khan, Haroon Akhtar was to be awarded a Pakistan Muslim League (N), PML-N senate seat in the 2015 Pakistani Senate election, 2015 senate elections. However, days before the election tickets were finalized, PML-N violated the agreement it signed in 2012 as Humayun did not receive a Pakistan Muslim League (N), PML-N ticket from either of the two constituencies, although his brother Haroon Akhtar Khan, Haroon was accommodated in June 2015 as a special assistant to the prime minister on revenue and was elected as a senator on a PML-N ticket in the 2018 Pakistani Senate election, 2018 Senate election. While Humayun stayed out of the public eye for the next five years, he spearheaded new joint ventures, mergers and acquisitions for his family businesses.


Institute for Policy Reforms think thank (2014)

In March 2014, the Akhtar brothers founded the Institute for Policy Reforms, a Nonprofit organization, nonprofit, Nonpartisanism, nonpartisan think tank. It regularly publishes research reports, analysis, Newsbrief, briefs, and fact sheets on key public policy issues concerning Pakistan with a particular focus on economic policy, national security, and international relations. IPR's Advisory board, Board of Advisors includes prominent personalities from various fields of Pakistani society including diplomats, lawyers, legislators, Scholars, academic scholars, Corporate Executive, corporate executives, Military official, military officers, and bureaucrats.


Pakistan Tehreek-e-Insaf (2018–2023)

In July 2018, Humayun Akhtar joined Pakistan Tehreek-e-Insaf. Having served as a member of the
National Assembly In politics, a national assembly is either a unicameral legislature, the lower house of a bicameral legislature, or both houses of a bicameral legislature together. In the English language it generally means "an assembly composed of the repr ...
several times from all of the areas comprising NA-131 (Lahore-IX), NA-131, he led Pakistan Tehreek-e-Insaf, PTI Chairman Imran Khan, Imran Khan's campaign in the constituency and played an integral role in helping him defeat Khawaja Saad Rafique by a narrow margin of 680 votes. After Imran Khan decided to keep his Member of the National Assembly of Pakistan, MNA seat from Mianwali, Humayun Akhtar was declared Pakistan Tehreek-e-Insaf, PTI's candidate for the by-election from NA-131 (Lahore-IX), NA-131. In the by-election, he was defeated by Khawaja Saad Rafique, who received 60,476 votes compared to Akhtar's 51,329. In June 2023, he announced that he quit Pakistan Tehreek-e-Insaf, PTI over the May 9 riots.


Istehkam-e-Pakistan Party (2023–present)

In December 2023, Humayun Akhtar joined Istehkam-e-Pakistan Party. He took part in the 2024 general elections but this time contested from NA-97 Faisalabad-III Tandlianwala Tehsil, where he owns a sugar mill, ethanol distillery, and C02 plant, instead of from NA-122 Lahore-VI Lahore Cantonment Tehsil where he had been contesting from since 1993. He ultimately got 30,435 votes, losing to the PTI-backed independent candidate Saadullah Khan Baloch, who secured 72,614 vote


Personal life

Humayun Akhtar is the son of General
Akhtar Abdur Rahman Akhtar Abdur Rahman (11 June 192417 August 1988) was a Pakistan Army general who served as the 5th Chairman Joint Chiefs of Staff Committee from 1987 until his death in 1988. He previously served as the 12th Director-General of Inter-Servic ...
, who headed the Inter-Services Intelligence, ISI from 1979 to 1987, eventually going on to become the Chairman Joint Chiefs of Staff Committee of the Pakistan Armed Forces. He is the second of four brothers and is the older brother of Haroon Akhtar Khan, an ex-senator who served as the special assistant to the prime minister on revenue from 2015 to 2018. He is married to his first cousin who is the niece of former Speaker of the Provincial Assembly of Punjab, speaker of the Provincial Assembly of the Punjab, Punjab Assembly Sibtain Khan, and cousin of renowned politician and entrepreneur Jahangir Khan Tareen. His son is married to the daughter of Media proprietor, media mogul Mir Shakil-ur-Rahman.


Writings

He has written columns and op-eds for different publications, including for the English-language daily newspaper ''The News International''.


See also

* List of University of Waterloo people


References


External links


Official website
{{DEFAULTSORT:Khan, Humayun Akhtar 1955 births Living people Pakistan Peoples Muslim League politicians Government College University, Lahore alumni University of Manitoba alumni Pakistani actuaries Commerce ministers of Pakistan Pakistani industrialists