Fauji Foundation

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Fauji Foundation (Urdu: فوجى فاءينڈ يشن‎, 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" 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.[1][2] It is run by former officers of Pakistani Armed Forces.[3]

FF's shareholding in its associated companies has a market value of USD 661 million, while the companies represent 3.3% of the total market capitalization at the Karachi Stock Exchange.[citation needed]

History and overview

Lua error in package.lua at line 80: module 'strict' not found. Fauji Foundation was established as a charitable trust in 1954, 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.

  • 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

Holding entities

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Fully owned

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

Associated

  • Fauji Fertilizer Company Limited
  • Fauji Fertilizer Bin Qasim Limited
  • Fauji Cement Company Limited
  • Fauji Kabirwala Power Company Limited
  • Foundation Power Company Daharki Limited
  • Mari Petroleum Company Limited
  • 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
  • Askari Cement Company
  • Fauji Meat Limited

Under implementation

  • Foundation Wind Energy - I
  • Foundation Wind Energy - II

International recognition

Fauji Foundation was awarded the Rehabilitation Prize from the World Veterans Federation (WVF) in 1997 at Seoul, South Korea which was received by then Fauji Foundation Director, Welfare (Health & Education) Brigadier Muneeb-ur-Rehman Farooqui SI(M). The prize was awarded:

for the Foundation's remarkable achievements in looking after ex-servicemen and their families in providing health care, education, technical training, employment, artificial limbs and other facilities for the rehabilitation of disabled ex-servicemen, thus enabling them to be full-fledged citizens contributing to the welfare of their communities.[4]

Corporate structure

Lua error in package.lua at line 80: module 'strict' not found. The Fauji Group currently employs approx. 12,411 employees in various sectors including fertilizer, cement, natural gas, power generation, oil terminal operations, financial services, healthcare and education.

The Committee of Administration (COA) is the policy board of the organization. It is responsible for defining the strategic direction of the Foundation without its involvement in the day-to-day functioning.

The Central Board of Directors (CBODs) functions as the management committee, which is responsible for the day to day fiscal and management control of the organization within the broad policy mandate. It ensures that policy objectives are met. Secretary, Ministry of Defense, is the ex officio Chairman of Fauji Foundation, whereas Vice Chairman and Managing Director oversee the day-to-day operations of Fauji Foundation with requisite direction to the functionaries.

  • Chairman: Chairman (ex officio)
  • Vice Chairman: Managing Director
  • Members: Director, Finance
  • Director, Industries
  • Director, Welfare (Health)
  • Director, Welfare (Education)
  • Director, Planning & Development
  • Director, Human Resource & Administration
  • Director, Information Technology & Procurement
  • Director, Investment
  • Secretary: Secretary Central Board of Directors, Fauji Foundation

Health Care Hospitals

Education system

Lua error in package.lua at line 80: module 'strict' not found. 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.


Notes

  1. ↑ http://www.fauji.org.pk/Webforms/Reference.aspx
  2. ↑ http://www.fauji.org.pk/Webforms/Welfare.aspx
  3. ↑ Pakistan delays LNG contract with French company, Reuters, 2010-04-14
  4. ↑ http://www.defencejournal.com/jan99/fauji.htm

References

External links

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