Jump to content

Fauji Foundation

From Wikipedia, the free encyclopedia
(Redirected from Fauji Power)

Fauji Foundation
Company typePrivate
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 pronunciation: [ˈfaʊ.dʒi faʊnˈdeɪ.ʃən] FOW-jee-fown-DAY-shən; lit. 'Soldier Foundation'), also known as Fauji Group, is a Pakistani conglomerate 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.[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 1960, Fauji Foundation acquired a sugar mill from the Pakistan Industrial Development Corporation in Tando Muhammad Khan and later renamed it as Fauji Sugar Mills, Tando Muhammad Khan.[6] It produced sugar under the brand "Crystal".[6] Later also founded a sugarcane research station, named Nukerjee Research Farm.[7]

In 1972, Fauji Foundation acquired a sugar mill in Khoski, Sindh and later renamed it as Fauji Sugar Mills, Khoski.[6] It produced sugar under the brand "Shireen".[6] In the same year, Fauji Foundation also acquired a sugar mill based in Sangla Hill from Modern Motors Limited and it produces sugar under the brand "Chandi".[6][8]

In 1974, Fauji Foundation inaugurated Foundation Gas Filling Plant in Rawalpindi.[9] Later, in December 1974, Fauji Foundation inaugurated its third textile mill with equipment imported from China.[10]

In 1980, Fauji Foundation founded an auto workshop in Rawalpindi, named Fauji Autos.[6]

In 1982, Fauji Foundation incorporated Intec Limited to manufacture communication equipment such as trans-receivers and microprocessor-based PABXs in Pakistan.[6] In April 1982, Fauji Foundation established a polypropylene bag manufacturing plant in Hub, Balochistan with an annual production capacity of 16.3 million.[6] In June 1982, the first plant of Fauji Fertilizer Company in Goth Machi became operational.[6] Also, in 1982, Fauji Foundation acquired Fauji Corn Complex in Jehangira which was originally developed by the Sarhad Development Authority.[6] The project went bankrupt in 2012.[11]

In 1983, Fauji Foundation established Fauji Metals in Rawalpindi to manufacture of liquid petroleum gas cylinders with a manufacturing capacity of 7,500 cylinders per month.[6] In May 1983, Fauji Foundation acquired a 40 percent stake in state-owned company, Mari Gas Company.[6]

Fauji Foundation business 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]

In 2004, Fauji Foundation sold Khoski Sugar Mill for PKR 300 million despite receiving the highest bid of PKR 387 million.[12][13] In 2005, a corruption case was filed in the National Accountability Bureau (NAB) against then managing director Syed Muhammad Amjad who involved in the corruption.[14]

From 2011 to 2015, Fauji Foundation's assets grew 78 percent.[15]

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.[16]

Management

[edit]

Fauji Foundation is predominantly managed by the Pakistan Army, with about 85-90 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

[edit]

Fauji Meat Limited was established in 2013 as a subsidiary of Fauji Fertilizer Bin Qasim.[32][33] In 2017, Fauji Meat began commercial operations with the inaugration of processing plant in Port Qasim, Karachi at a cost of $75 million.[34][35] The plant covers an area of 47 acres.[34]

Fauji Meat also operates retail stores to sell meat, named Zabeeha.[36]

Foundation Gas

[edit]

Foundation Gas (Fongas) is a liquified petroleum gas (LPG) marketing and distribution company established in 1972.[37] As of 2004, it held approximately 16% of the national market share, supported by a network of 460 distributors across regions including the Northern Areas, Federally Administered Tribal Areas (FATA), and Azad Kashmir.[8] In the fiscal year 2003–04, Fongas distributed a total of 55,236 metric tons of LPG, which comprised 11,874 metric tons of imported LPG.[8]

Fongas operates five plants with a combined storage capacity of 1,940 metric tons and a bottling capacity exceeding 175 metric tons per shift.[8]

Overseas Employment Services

[edit]

Overseas Employment Services was established in 1978 by the Fauji Foundation to export manpower from Pakistan.[8][38][39]

Fauji Kabirwala Power

[edit]

Fauji Kabirwala Power is a 170 MW combined cycle power plant located near Kabirwala in Khanewal District.[40] It was set up in 1997 by Fauji Foundation as a joint venture with El Paso Electric, with an investment of US $170 million and a debt-equity ratio of 75:25.[41] The majority of the debt financing was provided by the Asian Development Bank (ADB) and Export Development Canada (EDC).[41][42] The plant began commercial operations in March 2000.[41] In 2006, El Paso sold its entire shareholding of 42% to Globeleq which was later acquired by Aljomaih Automotive Company based in Saudi Arabia.[43][44]

Fauji Foundation Experimental and Seed Multiplication Farm

[edit]

The Fauji Foundation Experimental and Seed Multiplication Farm was established in 1959 to conducts experiments, research, testing, and development of new sugarcane varieties. It covers an area of 2,498 acres.[8]

Fauji Akbar Portia Marine Terminal

[edit]

Fauji Akbar Portia Marine Terminal was established in 2010 as a joint venture between Fauji Foundation, Akbar Group, and National Bank of Pakistan.[45] The terminal provides services for the berthing, unloading, storage, and bagging of grains, cereals, oilseeds, and fertilizers.[45][46] In 2020, Cargill acquired a 25 percent stake in the terminal.[47]

Fauji Trans Terminal

[edit]

Fauji Trans Terminal was established as a joint venture between Fauji Oil Terminal and Distribution Company (FOTCO) and Trans Group.[48] The terminal's construction started in 2016 and it was built with a $25 million investment at Port Qasim.[49] It serves as a bulk liquid storage and handling facility.[50]

Fauji Oil Terminal

[edit]

Fauji Oil Terminal & Distribution Company Limited was established in April 1995 as an oil terminal.[41][51] Constructed on a build–own–operate basis for US $100 million, the facility has the capacity to handle 9 million metric tons of oil per year and can accommodate vessels up to 75,000 DWT at its jetty.[41] The terminal has expanded to include a 4 km, 30-inch diameter pipeline for importing white oil at the existing jetty.[41]

Foundation Power Company Daharki

[edit]

Foundation Power Company Daharki operates a combined-cycle, low-Btu gas-fired power plant in Daharki, Ghotki, Sindh.[18] The plant has an installed capacity of 186 MW and a net capacity of 180 MW.[52] Construction began in October 2007, and in August 2008, an operation and maintenance contract was signed with Korea Plant Services & Engineering Company Limited, which was later renamed KEPCO Plant Services & Engineering Company Limited.[52]

Foundation Solar Energy

[edit]

[53]

Defunct

[edit]

Health care

[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.[citation needed]

On health care, Fauji Foundation spends over 58% of the welfare budget.[57] It is run by former officers of Pakistani Armed Forces.[58]

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.[59][60] The Fauji Foundation's education system aims to provide education to the children of ex- armed forces personnel, as well as to civilians.[60]

The headquarters of Fauji Foundation is in Rawalpindi, Pakistan.[61] FFES is affiliated with the Federal Board of Intermediate and Secondary Education (FBISE), Islamabad and Board of Intermediate and Secondary Education Rawalpindi as well.[62] There are 102 schools (FF model schools) in Pakistan. The Fauji Foundation Colleges For Boys and Girls are located in New Lalazar, Rawalpindi.[63]

See also

[edit]

References

[edit]
  1. ^ Abdullahi, Najad. "Pakistani army's '$20bn' business". Al Jazeera. Archived from the original on 5 April 2023. Retrieved 12 October 2018.
  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". Archived from the original on 21 June 2023. Retrieved 6 August 2020.
  5. ^ a b c d e f g h i 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 d e f g h i j k l "Status of Pakistan's Fauji Foundation complex". Economic Review. 1 July 1996.
  7. ^ Khan, Mohammad Hussain (25 October 2021). "The sugar kingdom of Tando Mohammad Khan". DAWN.COM.
  8. ^ a b c d e f "Fauji Foundation fully owned projects". Brecorder. 16 March 2005.
  9. ^ Newspaper, From the (11 January 2024). "From The Past Pages Of Dawn: 1974: Fifty Years Ago: Gas distribution". DAWN.COM.
  10. ^ "PAKISTAN: FAUJI FOUNDATION OPENS NEW TEXTILE MILL EQUIPPED BY CHINESE. (1974)". British Pathe. Archived from the original on 11 July 2024. Retrieved 11 July 2024.
  11. ^ "Corn complex employees". Dawn. 17 May 2012.
  12. ^ "FF underbidding to be probed". DAWN.COM. 22 April 2005.
  13. ^ "Opposition senators' privilege motion rejected – Business Recorder".
  14. ^ a b "Probe against former NAB chief sought: Sale of Khoski Sugar Mill". DAWN.COM. 6 July 2005.
  15. ^ Siddiqui, Taha (12 January 2024). "Poor Nation, Rich Army". Archived from the original on 2 January 2020. Retrieved 16 January 2020.
  16. ^ "Pakistan's Military Elite" (PDF). Archived (PDF) from the original on 13 May 2024. Retrieved 13 May 2024.
  17. ^ "Fauji Cereals (A Project of Fauji Foundation)". Archived from the original on 13 December 2023. Retrieved 13 December 2023.
  18. ^ a b c d Wasim, Amir (21 July 2016). "50 commercial entities being run by armed forces". Dawn. Archived from the original on 25 December 2018. Retrieved 11 June 2017.
  19. ^ "Fauji Foundation to acquire Askari Bank". The Nation. 19 January 2012. Archived 3 August 2023 at the Wayback Machine, The Nation, Published 28 December 2012, Retrieved 11 June 2017
  20. ^ "Pakistan Stock Exchange Brokers PSX". Foundation Securities. Archived from the original on 9 July 2023. Retrieved 3 December 2022.
  21. ^ "FWEL – Foundation Wind Energy". Archived from the original on 4 October 2023. Retrieved 13 December 2023.
  22. ^ "FFC Energy Limited". Archived from the original on 13 June 2024. Retrieved 13 December 2023.
  23. ^ "Fresh n Freeze". Archived from the original on 13 December 2023. Retrieved 13 December 2023.
  24. ^ a b About Fauji Foundation Group, Retrieved 11 June 2017
  25. ^ Company Profile and stock quote of Fauji Foods Limited on Financial Times Archived 15 November 2017 at the Wayback Machine Retrieved 14 November 2017
  26. ^ "FAUJI FERTILIZER BIN QASIM LIMITED (FFBL)". FFBL. Archived from the original on 22 November 2016. Retrieved 9 January 2017.
  27. ^ https://www.fpcl.com/ Archived 29 March 2023 at the Wayback Machine [bare URL]
  28. ^ "JOINT VENTURES: Pakistan Maroc Phosphore S.A, (PMP) Morocco". Brecorder. 28 October 2010. Archived from the original on 13 December 2023. Retrieved 13 December 2023.
  29. ^ "Home". Archived from the original on 1 December 2022. Retrieved 1 December 2022.
  30. ^ Company Profile and Stock Quote of Fauji Cement Company Limited on Financial Times Archived 14 November 2017 at the Wayback Machine Retrieved 13 November 2017
  31. ^ Mari gas makes major oil discovery in Mianwali Archived 15 November 2017 at the Wayback Machine Pakistan Today, Published 14 October 2011, Retrieved 14 November 2017
  32. ^ "Fauji Meat Limited | FML". Archived from the original on 8 June 2023. Retrieved 1 December 2022.
  33. ^ Tirmizi, Farooq (5 February 2017). "Why Fauji Meat is the smartest decision made by the Fauji group in decades". Profit by Pakistan Today.
  34. ^ a b Reporter, The Newspaper's Staff (23 June 2021). "Razak hails Fauji Meat's entry into Malaysia". DAWN.COM.
  35. ^ "Processing, export: Fauji Meat officially begins commercial operations". The Express Tribune. 16 January 2017.
  36. ^ Chaudhary, Zeenat (27 September 2019). "Going for the premium cut". Aurora Magazine.
  37. ^ "Background and History". Archived from the original on 28 May 2019. Retrieved 22 April 2024.
  38. ^ "Overseas Employment Services". Archived from the original on 4 December 2022. Retrieved 22 April 2024.
  39. ^ "Overseas Employment Services: Fauji Foundation headhunts for Bahrain's security units". The Express Tribune. 11 March 2011.
  40. ^ "FKPCL Official Website". Archived from the original on 7 September 2024. Retrieved 9 November 2024.
  41. ^ a b c d e f "A Brief on the Associated Companies of Fauji Foundation". Brecorder. 16 March 2005.
  42. ^ "Fauji Kabirwala Power Co. Ltd. | World Bank Group Guarantees | MIGA". www.miga.org.
  43. ^ "(PRN) El Paso Completes Sale of Interest in Two Asia Power Assets for Approximately $38 Million". Chron. 5 July 2006.
  44. ^ Ghumman, Mushtaq (29 October 2023). "AAC seeks govt's help to resolve issues related to FKPCL". Brecorder.
  45. ^ a b "Cargill acquires minority stake in FAP's terminal at Port Qasim". www.thenews.com.pk.
  46. ^ "FAP Terminal .:. Home". Archived from the original on 3 June 2023. Retrieved 9 November 2024.
  47. ^ "US agri firm Cargill acquires 25% stake in Pakistani bulk terminal". Arab News PK. 16 December 2020.
  48. ^ "FTTL". Archived from the original on 10 August 2024. Retrieved 9 November 2024.
  49. ^ "Port Qasim: Fotco, Trans Group pumping $25m for oil storage facility". The Express Tribune. 7 October 2016.
  50. ^ Reporter, The Newspaper's Staff (8 October 2016). "Port Qasim to get $25m bulk storage terminal". DAWN.COM.
  51. ^ "FOTCO". Archived from the original on 19 April 2024. Retrieved 22 April 2024.
  52. ^ a b "Daharki Power Project". www.adb.org. 24 September 2013.
  53. ^ "FSEL.com.pk – Foundation Solar Energy PVT Ltd". Archived from the original on 19 July 2024. Retrieved 9 November 2024.
  54. ^ "Home". 23 August 2022. Archived from the original on 13 December 2023. Retrieved 13 December 2023.
  55. ^ "Fauji Sugar Mills sold for Rs 310 million". Brecorder. 19 February 2004.
  56. ^ "WTO Agreements on Telecommunications" (PDF).
  57. ^ "Fauji Foundation - Health Care Services Overview". www.fauji.org.pk. Archived from the original on 15 March 2016. Retrieved 9 June 2017.[title missing]
  58. ^ "Army chief opens 100-bed hospital". DAWN.COM. 16 April 2021.
  59. ^ https://education.fauji.org.pk/history Archived 15 March 2016 at the Wayback Machine, Retrieved 9 June 2017
  60. ^ a b https://www.fui.edu.pk/sites/default/files/1660448831879_compressed.pdf Archived 14 May 2024 at the Wayback Machine [bare URL PDF]
  61. ^ "Fauji Foundation | LinkedIn". Archived from the original on 20 April 2024. Retrieved 5 March 2024.
  62. ^ "FBISE Affiliated Institutes". Archived from the original on 15 April 2024. Retrieved 5 March 2024.
  63. ^ "Fauji Foundation College For Girls, New Lalazar - Rawalpindi". Archived from the original on 23 May 2013. Retrieved 5 March 2024.
  64. ^ "FUI | A non Profit University". Archived from the original on 8 April 2024. Retrieved 5 March 2024.
  65. ^ 107 medical graduates receive degrees Archived 4 February 2019 at the Wayback Machine, The Nation, Published 15 October 2015, Retrieved 11 June 2017
  66. ^ https://fuic.fui.edu.pk/index.php/our-institutes1 Archived 6 December 2023 at the Wayback Machine [bare URL]
[edit]
Retrieved from "https://en.wikipedia.org/w/index.php?title=Fauji_Foundation&oldid=1265474170"