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Fauji Foundation

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Fauji Foundation
IndustryConglomerate
Founded1954; 70 years ago (1954)
HeadquartersRawalpindi-46200, Pakistan
Key people
Lt Gen (R) Anwar Ali Hyder (Managing Director and CEO)
Increase US$1.671 billion (2017)[1]
Total assetsIncrease Rs. 495 billion (US$4 billion) (2018)[2]
SubsidiariesFauji Foods
Askari Bank
Fauji Fertilizer Company
Websitefauji.org.pk

Fauji Foundation (Urdu: فوجی فاؤنڈیشن), (lit. Soldier Foundation), (also known as Fauji Group) is a Pakistani conglomerate company based in Rawalpindi. It is active in fertilizer, cement, food, power generation, gas exploration, LPG marketing and distribution, financial services, and security services.

The word "Fauji" is an Arabic loanword that means "soldier" and the company was set up in order to provide employment opportunities to Pakistani ex-military personnel and to generate funds for the welfare of widows, and families of martyrs.[3] It also undertakes welfare projects in education, medical, training, and rehabilitation for military personnel.[4]

History[edit]

Fauji Foundation was established as a charitable trust in 1954 under the Charitable Endowments Act of 1889.[5][4] It was established for the welfare of the Pakistan Armed Forces' three branches—Pakistan Navy, Pakistan Army, and Pakistan Air Force—and thus came under the management of the Ministry of Defence.[4] The organization began with an initial paid-up capital of Rs 18 million, with which it established a textile mill, a cereals mill, and a sugar mill.[4] The foundation's assets increased from Rs 152 million in 1970 to Rs 2,060 million by 1982, with 29 industrial units.[4]

Between 2011 and 2015, the foundation assets grew 78 percent.[6]

A 2017 study found that 33 of a group of 141 former Pakistan Armed Forces corps commanders, or 23.4%, were given jobs by the Foundation after their retirement from the military. At any one time, as many as seven former corps commanders serve as either the managing directors of the Fauji Foundation or the Army Welfare Trust or as managing directors of subsidiaries with personnel in these positions rotated out every three years.[7]

As of 2024, Fauji Foundation runs its own parallel economic system within Pakistan, benefiting people who currently are, or have been affiliated with Pakistan Army.

Management[edit]

Fauji Foundation is predominantly managed by the Pakistan Army, with about 85-90 percent of these positions filled by Army personnel.[4] The managing director is usually an Army general, and the board of directors is chaired by the Federal Secretary of Defence, with members drawn from within the organization.[4]

Holding entities[edit]

Fully owned[edit]

  • Fauji Cereals[8]
  • Foundation Gas[9]
  • Overseas Employment Services[10]
  • Fauji Foundation Experimental And Seed Multiplication Farm
  • Fauji Sugar Mills[4]

Subsidiaries[edit]

Former[edit]

Health care hospitals[edit]

See also: Fauji Foundation Hospitals

The Fauji Foundation medical system began with the establishment of a 50-bed TB hospital in 1959 at Rawalpindi. Today, the Fauji Foundation medical system is the largest medical chain outside the Government sector, spread all over Pakistan.[citation needed]

On health care, Fauji Foundation spends over 58% of the welfare budget. Fauji Foundation Hospital Rawalpindi and Fauji Foundation Hospital Lahore are well funded hospitals of Fauji Foundation.[31] It is run by former officers of Pakistani Armed Forces.[citation needed]

Education system[edit]

With over 100 branches spread from Karachi to Gilgit having approximately 45,000 students, 2000 teachers and over 1100 administrative staff, the Fauji Foundation Education system is amongst the largest education systems in the country.[32] [33]The Fauji Foundation's education system aims to provide education to the children of ex- armed forces personnel, as well as to civilians. [33]

The headquarters of Fauji Foundation is in Rawalpindi, Pakistan. [34]FFES is affiliated with the Federal Board of Intermediate and Secondary Education (FBISE), Islamabad and Board of Intermediate and Secondary Education Rawalpindi as well.[35] There are 102 schools (FF model schools) in Pakistan. The Fauji Foundation Colleges For Boys and Girls are located in New Lalazar, Rawalpindi.[36]

See also[edit]

References[edit]

  1. ^ Abdullahi, Najad. "Pakistani army's '$20bn' business". www.aljazeera.com.
  2. ^ "Fauji Foundation - Financial Highlights". Archived from the original on 30 October 2019. Retrieved 30 October 2019.
  3. ^ "Industrial development". Retrieved 6 August 2020.
  4. ^ a b c d e f g h i j Brömmelhörster, Jörn; Paes, Wolf-Christian (2004). The Military as an Economic Actor: Soldiers in Business. Palgrave Macmillan. pp. 125–126. ISBN 9780333999288.
  5. ^ a b c About Fauji Foundation Group, Retrieved 11 June 2017
  6. ^ Siddiqui, Taha (12 January 2024). "Poor Nation, Rich Army".
  7. ^ "Pakistan's Military Elite" (PDF). paulstaniland.com. Retrieved 13 May 2024.
  8. ^ a b c d Wasim, Amir (21 July 2016). "50 commercial entities being run by armed forces". Dawn (newspaper) website. Retrieved 11 June 2017.
  9. ^ "Background and History". Retrieved 22 April 2024.
  10. ^ "Overseas Employment Services". Retrieved 22 April 2024.
  11. ^ "Fauji Cereals (A Project of Fauji Foundation)". www.faujicereals.com.pk.
  12. ^ "FAUJI FERTILIZER BIN QASIM LIMITED (FFBL)". FFBL. Retrieved 9 January 2017.
  13. ^ "Home".
  14. ^ Company Profile and Stock Quote of Fauji Cement Company Limited on Financial Times (UK newspaper) Retrieved 13 November 2017
  15. ^ https://www.fpcl.com/
  16. ^ "FKPCL Official Website". www.faujipower.com.
  17. ^ Mari gas makes major oil discovery in Mianwali Pakistan Today (newspaper), Published 14 October 2011, Retrieved 14 November 2017
  18. ^ "FAP Terminal .:. Home". www.fapterminals.com.
  19. ^ "FTTL".
  20. ^ "FOTCO". Retrieved 22 April 2024.
  21. ^ "JOINT VENTURES: Pakistan Maroc Phosphore S.A, (PMP) Morocco". Brecorder. 28 October 2010.
  22. ^ "Pakistan Stock Exchange Brokers PSX". Foundation Securities.
  23. ^ Fauji Foundation to acquire Askari Bank, The Nation (newspaper), Published 28 December 2012, Retrieved 11 June 2017
  24. ^ "Fauji Meat Limited | FML".
  25. ^ "Fresh n Freeze".
  26. ^ "FFC Energy Limited".
  27. ^ Company Profile and stock quote of Fauji Foods Limited on Financial Times (UK newspaper) Retrieved 14 November 2017
  28. ^ "FWEL – Foundation Wind Energy".
  29. ^ "FSEL.com.pk – Foundation Solar Energy PVT Ltd".
  30. ^ "Home". 23 August 2022.
  31. ^ "Fauji Foundation - Health Care Services Overview". www.fauji.org.pk. Archived from the original on 15 March 2016. Retrieved 9 June 2017.[title missing]
  32. ^ https://education.fauji.org.pk/history Archived 15 March 2016 at the Wayback Machine, Retrieved 9 June 2017
  33. ^ a b https://www.fui.edu.pk/sites/default/files/1660448831879_compressed.pdf
  34. ^ "Fauji Foundation | LinkedIn". pk.linkedin.com. Retrieved 5 March 2024.
  35. ^ "FBISE Affiliated Institutes". portal.fbise.edu.pk. Retrieved 5 March 2024.
  36. ^ "Fauji Foundation College For Girls, New Lalazar - Rawalpindi". wikimapia.org. Retrieved 5 March 2024.
  37. ^ 107 medical graduates receive degrees, The Nation (newspaper), Published 15 October 2015, Retrieved 11 June 2017
  38. ^ "FUI | A non Profit University".
  39. ^ https://fuic.fui.edu.pk/index.php/our-institutes1

External links[edit]

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