Fauji_Foundation

Fauji Foundation

Fauji Foundation

Pakistani conglomerates company


Fauji Foundation (Urdu: فوجی فاؤنڈیشن), (lit. Soldier Foundation), (also known as Fauji Group) is a Pakistani conglomerates company which is active in fertilizer, cement, food, power generation, gas exploration, LPG marketing and distribution, financial services, and security services. The word "Fauji" ("فوجی") 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]

Quick Facts Industry, Founded ...

History

Fauji Foundation was established as a charitable trust in 1954,[4] and operating on a completely self-sustaining basis, channels approximately 80% of the profits from commercial ventures into social protection programmes that serve a beneficiary population representing approximately 7% of the country's population.[citation needed]

Spending more than Rs. 23.8 billion since inception on welfare, the Foundation provides services in the areas of healthcare, education, educational stipends, technical and vocational training.[4]

Between 2011 and 2015, the foundation assets grew 78 percent.[5]

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. The study says the Foundation plays a valuable rôle in preventing retired senior officers from intervening in the activities of serving officers and from entering electoral politics.[6]

Holding entities

Fully owned

  • Fauji Cereals[7]
  • Foundation Gas[8]
  • Overseas Employment Services[9]
  • Fauji Foundation Experimental And Seed Multiplication Farm

Subsidiaries

Former

  • Fauji Security Services (acquired by Army Welfare Trust)[29]

Health care 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.[30] It is run by former officers of Pakistani Armed Forces.[citation needed]

Education system

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.[31] [32]The Fauji Foundation's education system aims to provide education to the children of ex- armed forces personnel, as well as to civilians. [32]

The headquarters of Fauji Foundation is in Rawalpindi, Pakistan. [33]FFES is affiliated with the Federal Board of Intermediate and Secondary Education (FBISE), Islamabad and Board of Intermediate and Secondary Education Rawalpindi as well.[34] There are 102 schools (FF model schools) in Pakistan. The Fauji Foundation Colleges For Boys and Girls are located in New Lalazar, Rawalpindi.[35]

See also


References

  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. About Fauji Foundation Group, Retrieved 11 June 2017
  5. Siddiqui, Taha (12 January 2024). "Poor Nation, Rich Army".
  6. Wasim, Amir (21 July 2016). "50 commercial entities being run by armed forces". Dawn (newspaper) website. Retrieved 11 June 2017.
  7. "Background and History". Retrieved 22 April 2024.
  8. "Overseas Employment Services". Retrieved 22 April 2024.
  9. "FAUJI FERTILIZER BIN QASIM LIMITED (FFBL)". FFBL. Retrieved 9 January 2017.
  10. "FKPCL Official Website". www.faujipower.com.
  11. Mari gas makes major oil discovery in Mianwali Pakistan Today (newspaper), Published 14 October 2011, Retrieved 14 November 2017
  12. "FAP Terminal .:. Home". www.fapterminals.com.
  13. "FOTCO". Retrieved 22 April 2024.
  14. Fauji Foundation to acquire Askari Bank, The Nation (newspaper), Published 28 December 2012, Retrieved 11 June 2017
  15. "Home". 23 August 2022.
  16. www.fauji.org.pk https://web.archive.org/web/20160315175634/http://fauji.org.pk/fauji/welfare/healthcare/healthcare-overview. Archived from the original on 15 March 2016. Retrieved 9 June 2017. {{cite web}}: Missing or empty |title= (help)[title missing]
  17. https://education.fauji.org.pk/history Archived 15 March 2016 at the Wayback Machine, Retrieved 9 June 2017
  18. "Fauji Foundation | LinkedIn". pk.linkedin.com. Retrieved 5 March 2024.
  19. "FBISE Affiliated Institutes". portal.fbise.edu.pk. Retrieved 5 March 2024.
  20. 107 medical graduates receive degrees, The Nation (newspaper), Published 15 October 2015, Retrieved 11 June 2017

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