Fauji Foundation

Fauji Foundation
Founded 1954
Headquarters Rawalpindi, Pakistan
Increase US$$500 million (2007)[1]
Website www.fauji.org.pk

Fauji Foundation (Urdu: فوجى فاؤنڈیشن‎, Sindhi: فوجي فائونڊيشن‎; lit. Soldier Foundation; initials: FF), is one of the largest financial services and one of the largest energy conglomerates in Pakistan, with interests in fertilizer, cement, food, power generation, gas exploration, LPG marketing and distribution, financial services, employment services, and security services. The word "Fauji" ("فوجي") is an Urdu word that means "soldier" and the company was set up in order to provide employment and welfare benefits to Pakistani ex-military personnel and their dependents. It is run by former officers of Pakistani Armed Forces.[2]

Fauji Foundation's aim is to provide and generate funds for the welfare and benefits of ex-servicemen and their families. Fauji Foundation's three companies Fauji Cement, Fauji Fertilizer Bin Qasim and Fauji Fertilizer Company Limited are listed and traded on the Pakistan Stock Exchange.[3]

History and overview

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.

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.

  • Fauji Foundation operates 115 medical facilities, 100 schools and colleges, 65 vocational training centers and 9 technical training centers across Pakistan.[4]
  • Over 2.1 million patients treated per year through the FF Healthcare System
  • Approximately 41,112 students enrolled in the FF Education System
  • Approximately 71,385 educational stipends dispersed each year
  • Over 6,000 individuals trained annually through the Vocational and Technical Training Centers

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.[5]

Holding entities

Fully owned

  • Fauji Cereals[3]
  • Foundation Gas
  • Overseas Employment Services
  • Fauji Foundation Experimental And Seed Multiplication Farm

Associated

  • Fauji Fertilizer Company Limited[3]
  • Fauji Fertilizer Bin Qasim Limited (FJFC), [6] [7] [8]
  • Fauji Cement Company Limited[9]
  • FFBL Power Company Limited (Fauji Power Company Ltd) FPCL.
  • Fauji Kabirwala Power Company Limited
  • Foundation Power Company Daharki Limited[3]
  • Mari Petroleum Company Limited[10]
  • Fauji Akbar Portia Marine Terminal Limited
  • Fauji Oil Terminal And Distribution Company Limited
  • Pakistan Maroc Phosphore, S.A., Morocco
  • Foundation Securities (Pvt) Limited
  • Askari Bank Limited[11]
  • Askari Cement Company[3]
  • Fauji Meat Limited
  • Fauji Fresh n Freeze[4]
  • FFC Energy Limited
  • Fauji Foods Limited [12][4]

Under implementation

  • Foundation Wind Energy - I
  • Foundation Wind Energy - II[3]

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.

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.[13] It is run by former officers of Pakistani Armed Forces.

Education system

With over 100 branches spread from Karachi to Gilgit having approx 45000 x students, 2000x teachers and over 1100x adm staff, FF Edn system is amongst the largest Edn systems in the country.[14] 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 are 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 College For Boys and Fauji Foundation College For Girls are located in New lalazar, Rawalpindi.[15]

See also

References

  1. ↑ https://www.aljazeera.com/focus/pakistanpowerandpolitics/2007/10/2008525184515984128.html
  2. ↑ Pakistan delays LNG contract with French company, Reuters News website, Published 14 April 2010, Retrieved 11 June 2017
  3. 1 2 3 4 5 6 Wasim, Amir (2016-07-21). "50 commercial entities being run by armed forces". Dawn (newspaper) website. Retrieved 11 June 2017.
  4. 1 2 3 4 About Fauji Foundation Group, Retrieved 11 June 2017
  5. ↑ https://paulstanilanddotcom.files.wordpress.com/2017/12/pakistanmilitaryelitedecember20171.pdf
  6. ↑ "(FJFC): FAUJI FERTILIZER BIN QASIM LIMITED - Analysis of Financial Statements Financial Year 2003- Financial Year 2008". BUSINESS RECORDER (newspaper). Retrieved 9 January 2017.
  7. ↑ "FAUJI FERTILIZER BIN QASIM LIMITED (FFBL)". Fauji Foundation. Retrieved 9 January 2017.
  8. ↑ "FJFC UREA-DAP Ammonia Fertilizer Plant". habibrafiq.com. Retrieved 9 January 2017.
  9. ↑ Company Profile and Stock Quote of Fauji Cement Company Limited on Financial Times (UK newspaper) Retrieved 13 November 2017
  10. ↑ Mari gas makes major oil discovery in Mianwali Pakistan Today (newspaper), Published 14 October 2011, Retrieved 14 November 2017
  11. ↑ Fauji Foundation to acquire Askari Bank, The Nation (newspaper), Published 28 December 2012, Retrieved 11 June 2017
  12. ↑ Company Profile and stock quote of Fauji Foods Limited on Financial Times (UK newspaper) Retrieved 14 November 2017
  13. ↑ http://www.fauji.org.pk/fauji/welfare/healthcare/healthcare-overview, Retrieved 9 June 2017
  14. ↑ http://www.fauji.org.pk/fauji/welfare/education/education-overview, Retrieved 9 June 2017
  15. ↑ Fauji Foundation College For Boys, learners.pk website, Retrieved 11 June 2017
  16. ↑ 107 medical graduates receive degrees, The Nation (newspaper), Published 15 October 2015, Retrieved 11 June 2017
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