Fauji Foundation فوجى فاؤنڈیشن
Founded1954; 67 years ago (1954)
HeadquartersRawalpindi, Pakistan
Increase US$1.671 billion (2017)[1]
Total assetsIncrease ₨495 billion (2018)[2]
OwnerPakistan Armed Forces
SubsidiariesFauji Foods
Askari Bank
Fauji Fertilizer Company
Websitewww.fauji.org.pk

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

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 programs 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 role in preventing retired senior officers from intervening in the activities of serving officers and from entering electoral politics.[6]

Holding entities

Fully owned

Subsidiaries

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.[15] It is run by former officers of Pakistani Armed Forces.[citation needed]

Education system

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With over 100 branches spread from Karachi to Gilgit having approx 45000 students, 2000 teachers and over 1100 administrative staff, the Fauji Foundation Education system is amongst the largest education systems in the country.[16] The Fauji Foundation's education system aims to provide education to the children of ex- armed forces personnel, as well as to civilians.

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

See also

References

  1. ^ Abdullahi, Najad. "Pakistani army's '$20bn' business". www.aljazeera.com.
  2. ^ http://fauji.org.pk/fauji/investors/financial-highlights
  3. ^ "Industrial development". Retrieved 6 August 2020.
  4. ^ a b c d About Fauji Foundation Group, Retrieved 11 June 2017
  5. ^ Siddiqui, Taha. "Poor Nation, Rich Army".
  6. ^ https://paulstanilanddotcom.files.wordpress.com/2017/12/pakistanmilitaryelitedecember20171.pdf
  7. ^ a b c d e Wasim, Amir (21 July 2016). "50 commercial entities being run by armed forces". Dawn (newspaper) website. Retrieved 11 June 2017.
  8. ^ "(FJFC): FAUJI FERTILIZER BIN QASIM LIMITED - Analysis of Financial Statements Financial Year 2003- Financial Year 2008". BUSINESS RECORDER (newspaper). Retrieved 9 January 2017.
  9. ^ "FAUJI FERTILIZER BIN QASIM LIMITED (FFBL)". Fauji Foundation. Retrieved 9 January 2017.
  10. ^ "FJFC UREA-DAP Ammonia Fertilizer Plant". habibrafiq.com. Retrieved 9 January 2017.
  11. ^ Company Profile and Stock Quote of Fauji Cement Company Limited on Financial Times (UK newspaper) Retrieved 13 November 2017
  12. ^ Mari gas makes major oil discovery in Mianwali Pakistan Today (newspaper), Published 14 October 2011, Retrieved 14 November 2017
  13. ^ Fauji Foundation to acquire Askari Bank, The Nation (newspaper), Published 28 December 2012, Retrieved 11 June 2017
  14. ^ Company Profile and stock quote of Fauji Foods Limited on Financial Times (UK newspaper) Retrieved 14 November 2017
  15. ^ http://www.fauji.org.pk/fauji/welfare/healthcare/healthcare-overview, Retrieved 9 June 2017
  16. ^ https://education.fauji.org.pk/history Archived 15 March 2016 at the Wayback Machine, Retrieved 9 June 2017
  17. ^ 107 medical graduates receive degrees, The Nation (newspaper), Published 15 October 2015, Retrieved 11 June 2017