Lt.General (R) M Habibullah Khan Khattak incorporated Bibojee Services Private Limited (BSL) as a Private company in September 1981 to act as Managing Agents and Trustees.The World Bank and other international Financial Institutions have repeatedly shown confidence in the business ability and expertise of BSL by selecting them for projects in Pakistan and a broad.
In June 1974, BSL on behalf of the international corporation and the Pakistani Financialinstitutions was handed over the operation of Pakistan Paper Corporation Limited,manufacturers of paper. The Management Agreement made BSL responsible for the technical,marketing, financial and administrative aspects of the Company.
Chemicals Limited, manufacturers of Caustic Soda and Chlorine a losing concern, was also handed over to BSL. Both losing Concerns were effectively reorganized and turned into profitable ventures.
Waqf-E-Kuli Khan was established as a registered society in 1971 by the late Lt. General (R) M.Habibullah Khan Khattak, Chairman, Bibojee Group of Companies in memory of his late father Khan Bahadur Kuli Khan. The main objective of Waqf is the promotion of education by extending financial assistance to the poor and deserving students of the country.
The management of the Waqf is vested in the Board of Governors, which currently comprises of a chairman and seven members. Chief Justice (Retd) Mian Mahboob Ahmad is currently the Chairman of the Board of Governors. Under his able guidance the functioning of the Waqf has been reorganized, however the primary objective of promotion of education in the country remains unchanged.