Shaheen Foundation is a welfare foundation of the Pakistan Air Force. Shaheen Foundation works in different sectors ranging from education to aviation.[1]
History
Shaheen Foundation was founded in 1977 by the Pakistan Air Force under the Charitable Endowments Act of 1889, with an initial investment of Rs 5 million, about half of which was provided by the Government of Pakistan.[2]
In 1993, Shaheen Foundation founded Shaheen Air.[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.[3]
In 1995, Shaheen Foundation founded Shaheen Insurance in a