 Waleed was famous among personnel in the PAF for the daring stunts he performed with his F-86 Sabre and took part in the Republic Day flybys in Rawalpindi on 23 March 1965 as a wingman alongside Air Marshal Asghar Khan (then Chief of Air Staff of the Pakistan Air Force) and Air Commodore Zafar Chaudhry in Lockheed F-104 Starfighters.Waleed died when his aircraft (which was hit by anti-aircraft guns in the Rann of Kutch during a sortie by Indian forces early in the morning) had serious engine trouble and rapidly plunged into the Arabian Sea about 10–15 miles off the southern coast of Karachi on the night of 19 April 1965 as he was returning to Karachi from a reconnaissance mission over Gujarat, India.He had engaged the Indian Army in skirmishes throughout the Rann of Kutch by dropping smoke bombs during the daytime to screen infantry attacks.