MarketJahangir Tareen
Company Profile

Jahangir Tareen

Jahangir Khan Tareen is a Pakistani industrialist and politician who is the founder of JDW Sugar Mills, also known as JDW Group, a conglomerate specializing in the manufacturing and sale of sugar and associated products, ethanol(bio-fuels) production, power generation, transmission and sales, sugar cane farms, and aircraft operations and maintenance services. Jahangir Tareen is also the chairman and owner of JK Group, a conglomerate specializing in manufacturing and sale of sugar and associated products, milk production, processing and sales, power generation, transmission and sales, production and sales of fruits and agricultural produce, granite mining and sales, PepsiCo Multan franchise and PSL Multan Sultans' franchise. Khan has been a member of the National Assembly of Pakistan thrice between 2002 and 2017.

Early life and education
Jahangir Khan Tareen was born on 4 July 1953 in the city of Comilla, which at the time was part of East Bengal in Pakistan, but is now situated in Bangladesh. Although the Tareen family were posted here at the time, they originally hailed from south Punjab, specifically near Multan, and came from a Pashtun family that belongs to the Tareen tribe of Pashtuns. Tareen's father, Allah Nawaz Tareen, was a police officer who retired as a Deputy Inspector General. His mother, Zahida Khan Tareen, died in 2004. His younger brother, Alamgir Tareen, a businessman who operated one of the largest water purification plants in the country and who was also the founder and owner of the Multan Sultans franchise in the Pakistan Super League, died by suicide in 2023, at the age of 63. His paternal cousin, Shaukat Tarin, is a banker who has served as the country's Finance Minister twice, including under Imran Khan from 2021 – 2022. His maternal cousins include Humayun Akhtar Khan and Haroon Akhtar Khan, both influential politicians and the sons of General Akhtar Abdur Rahman, who served as the DG-ISI under Zia-ul-Haq. He graduated from Forman Christian College, Lahore in 1971 and received an MBA degree from the University of North Carolina, USA, in 1974. According to his publicly available tax returns and asset declarations, Tareen's net worth is estimated at approximately ₨2.3 billion. Additionally, his children (sons and daughters) hold a collective net worth of approximately ₨ 3 billion PKR. His business interests and companies reportedly (as per 2023) maintain an annual turnover of approximately US$150 million. ==Political career==
Political career
In an interview with Newsweek Pakistan, Tareen said he "doesn't belong to a political family, but he married into one". He served as special adviser on agriculture and social sector initiatives to then Chief Minister of Punjab Chaudhry Pervaiz Elahi. In August 2004, he was inducted into the federal cabinet in the Shaukat Aziz ministry where he remained until 2007. In the 2008 Pakistani general election, Tareen was re-elected as a member of the National Assembly for the second time from Constituency NA-195 on the seat of Pakistan Muslim League (F). In 2011, he said he was to launch his own political party consisting of politicians free from corruption charges. In September 2013, Imran Khan appointed Tareen as the Secretary General of Pakistan Tehreek-e-Insaf. In the 2013 Pakistani general election, Tareen ran for a seat on the National Assembly from Constituency NA-154 (Lodhran) on the seat of PTI, but was unsuccessful. Where has heavily invested. ==Controversies==
Controversies
In 2016, PML-N filed a reference to disqualify Tareen from his National Assembly seat for "submitting false statements with the Election Commission of Pakistan". In 2017, ECP rejected disqualification references against Tareen. On 15 December 2017, the Supreme Court of Pakistan disqualified Tareen from serving as a member of parliament under Article 62(1)(f) of the Constitution due to dishonesty in financial declarations. It also noted that he had engaged in conduct that could have been prosecuted as insider trading, but he was protected from such prosecution due to a settlement with the Securities and Exchange Commission of Pakistan. A subsequent judgment held that disqualification under Article 62(1)(f) is for life, but Tareen claimed that this judgment did not apply in his case. However, on 8 January 2023, the Supreme Court ruled that the lifetime disqualification was beyond the scope of Article 62(1)(f) and therefore, Tareen became eligible to contest the 2024 elections. ==References==
tickerdossier.comtickerdossier.substack.com