Jump to content

Fauji Foundation

From Wikipedia, the free encyclopedia
(Redirected from FFBL)

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]
SubsidiariesAskari Bank
Fauji Cement
Fauji Foods
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, security services and provides womb-to-tomb benefits to retired servicemen of Pakistan Armed Forces and their families.[3]

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.[4] It also undertakes welfare projects in education, medical, training, and rehabilitation for military personnel.[5]

History

[edit]

Fauji Foundation was established as a charitable trust in 1954 under the Charitable Endowments Act of 1889.[6][5] 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.[5] The organization began with an initial paid-up capital of US$3.6 million (Rs 18 million) which it received from British colonial administration for supporting the widows and families of World War II veterans.[3] With the funds it established a textile mill, a cereals mill, and a sugar mill.[5]

In December 1974, Fauji Foundation inaugurated its third textile mill with equipment imported from China.[7]

Fauji Foundation remained relatively modest in scale until the late 1970s when it began to undergo major expansion.[3] The assets of Fauji Foundation increased from Rs 152 million in 1970 to Rs 2,060 million by 1982, with 29 industrial units.[5]

Between 2011 and 2015, the foundation assets grew 78 percent.[8]

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.[9]

Management

[edit]

Fauji Foundation is not predominantly managed by the Pakistan Army, with only 21 percent of these positions filled by retired Army personnel.[5] The managing director is usually an only a retired Army general, and the board of directors is chaired by the Federal Secretary of Defence, with members drawn from within the organization.[5]

Subsidiaries

[edit]

Listed

[edit]

Unlisted

[edit]
  • Fauji Meat Limited[24]
  • Foundation Gas[25]
  • Overseas Employment Services[26]
  • Fauji Kabirwala Power Company Limited[27]
  • Fauji Foundation Experimental And Seed Multiplication Farm
  • Fauji Sugar Mills[5]
  • Fauji Akbar Portia Marine Terminal Limited[28]
  • Fauji Trans Terminal Limited[29]
  • Fauji Retirement Home
  • Fauji Oil Terminal And Distribution Company Limited[30]
  • Foundation Power Company Daharki Limited[11]
  • Foundation Solar Energy (Pvt.) Ltd.[31]

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.[34] 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.[35][36] The Fauji Foundation's education system aims to provide education to the children of ex- armed forces personnel, as well as to civilians.[36]

The headquarters of Fauji Foundation is in Rawalpindi, Pakistan.[37] FFES is affiliated with the Federal Board of Intermediate and Secondary Education (FBISE), Islamabad and Board of Intermediate and Secondary Education Rawalpindi as well.[38] There are 102 schools (FF model schools) in Pakistan. The Fauji Foundation Colleges For Boys and Girls are located in New Lalazar, Rawalpindi.[39]

See also

[edit]

References

[edit]
  1. ^ Abdullahi, Najad. "Pakistani army's '$20bn' business". Al Jazeera.
  2. ^ "Fauji Foundation - Financial Highlights". Archived from the original on 30 October 2019. Retrieved 30 October 2019.
  3. ^ a b c Balfour, Frederik (11 November 2001). "Pakistan: Armed Forces Inc". Bloomberg.
  4. ^ "Industrial development". Retrieved 6 August 2020.
  5. ^ 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.
  6. ^ a b c About Fauji Foundation Group, Retrieved 11 June 2017
  7. ^ "PAKISTAN: FAUJI FOUNDATION OPENS NEW TEXTILE MILL EQUIPPED BY CHINESE. (1974)". British Pathe.
  8. ^ Siddiqui, Taha (12 January 2024). "Poor Nation, Rich Army".
  9. ^ "Pakistan's Military Elite" (PDF). Retrieved 13 May 2024.
  10. ^ "Fauji Cereals (A Project of Fauji Foundation)".
  11. ^ a b c d Wasim, Amir (21 July 2016). "50 commercial entities being run by armed forces". Dawn. Retrieved 11 June 2017.
  12. ^ Fauji Foundation to acquire Askari Bank, The Nation, Published 28 December 2012, Retrieved 11 June 2017
  13. ^ "Pakistan Stock Exchange Brokers PSX". Foundation Securities.
  14. ^ "FWEL – Foundation Wind Energy".
  15. ^ "FFC Energy Limited".
  16. ^ "Fresh n Freeze".
  17. ^ Company Profile and stock quote of Fauji Foods Limited on Financial Times Retrieved 14 November 2017
  18. ^ "FAUJI FERTILIZER BIN QASIM LIMITED (FFBL)". FFBL. Retrieved 9 January 2017.
  19. ^ https://www.fpcl.com/ [bare URL]
  20. ^ "JOINT VENTURES: Pakistan Maroc Phosphore S.A, (PMP) Morocco". Brecorder. 28 October 2010.
  21. ^ "Home".
  22. ^ Company Profile and Stock Quote of Fauji Cement Company Limited on Financial Times Retrieved 13 November 2017
  23. ^ Mari gas makes major oil discovery in Mianwali Pakistan Today, Published 14 October 2011, Retrieved 14 November 2017
  24. ^ "Fauji Meat Limited | FML".
  25. ^ "Background and History". Retrieved 22 April 2024.
  26. ^ "Overseas Employment Services". Retrieved 22 April 2024.
  27. ^ "FKPCL Official Website". Retrieved 9 November 2024.
  28. ^ "FAP Terminal .:. Home". Retrieved 9 November 2024.
  29. ^ "FTTL". Retrieved 9 November 2024.
  30. ^ "FOTCO". Retrieved 22 April 2024.
  31. ^ "FSEL.com.pk – Foundation Solar Energy PVT Ltd". Retrieved 9 November 2024.
  32. ^ "Home". 23 August 2022.
  33. ^ Report. Retrieved 9 November 2024
  34. ^ "Fauji Foundation - Health Care Services Overview". www.fauji.org.pk. Archived from the original on 15 March 2016. Retrieved 9 June 2017.[title missing]
  35. ^ https://education.fauji.org.pk/history Archived 15 March 2016 at the Wayback Machine, Retrieved 9 June 2017
  36. ^ a b https://www.fui.edu.pk/sites/default/files/1660448831879_compressed.pdf [bare URL PDF]
  37. ^ "Fauji Foundation | LinkedIn". Retrieved 5 March 2024.
  38. ^ "FBISE Affiliated Institutes". Retrieved 5 March 2024.
  39. ^ "Fauji Foundation College For Girls, New Lalazar - Rawalpindi". Retrieved 5 March 2024.
  40. ^ "FUI | A non Profit University".
  41. ^ 107 medical graduates receive degrees, The Nation, Published 15 October 2015, Retrieved 11 June 2017
  42. ^ https://fuic.fui.edu.pk/index.php/our-institutes1 [bare URL]
[edit]
Retrieved from "https://en.wikipedia.org/w/index.php?title=Fauji_Foundation&oldid=1256379514"