Sultan Ali Lakhani Explained

Sultan Ali Lakhani
Honorific-Prefix:Senator
Office:Member of the Senate of Pakistan
Term Start:March 1988
Term End:March 1994
Birth Date:1948 7, df=y
Birth Place:Gondia, Maharashtra, India
Nationality:Pakistani
Party:Pakistan Muslim League
Occupation:Politician
Businessman

Sultan Ali Lakhani is a Pakistani businessman and former senator who is the co-founder of the Lakson Group and owner of McDonald's Pakistan.[1] He was a member of the Senate of Pakistan from March 1988 to March 1994.

Early life

Lakhani was born on 24 July 1948 in Gondia, Maharashtra, India.[2] He holds a degree in economics from the University of Karachi.[2]

Career

Political career

Lakhani was elected to the Senate of Pakistan as a candidate of Pakistan Muslim League on the general seat from Sindh. He was a member of the Senate between March 1988 and March 1994.[2] [3]

He was arrested in 2000 on the orders of National Accountability Bureau (Pakistan) for alleged loan defaults and being a business partner of Hassan Nawaz, son of the former Prime Minister, Nawaz Sharif. They co-owned fast-food chain McDonald's (Pakistan). They were arrested for failing to pay back loans they had taken from various banks.[4] [5]

Business career

Lakhani is also the owner of Lakson Group and was the Honorary Consul of Mexico in Karachi.[2]

Awards and recognition

In 2012, Lakhani received the Hilal-i-Imtiaz (Crescent of Excellence) conferred by then President of Pakistan Asif Ali Zardari.[6]

Notes and References

  1. News: Debts deal frees detained Pakistani tycoon. 23 February 2001. BBC. 27 February 2022.
  2. Web site: Profile of Sultan Ali Lakhani on Senate of Pakistan website (his first term). senate.gov.pk. 30 January 2019.
  3. Web site: Profile of Sultan Ali Lakhani as member of the Senate of Pakistan (his second term) . 30 January 2019.
  4. Web site: SOUTH ASIA – Anti-corruption squad holds McDonalds boss. BBC. 11 May 2000. 30 January 2019.
  5. Web site: Pakistan arrests loan defaulters, including McDonald's co-owner. UPI (news agency). 30 January 2019.
  6. Web site: President confers 189 civil awards at Aiwan-e-Sadr. 23 March 2012. Business Recorder (newspaper). 30 January 2019.