The Fauji Foundation is one of the largest conglomerates

Conglomerate (company)

A conglomerate is a combination of two or more corporations engaged in entirely different businesses that fall under one corporate structure , usually involving a parent company and several subsidiaries. Often, a conglomerate is a multi-industry company...

 in Pakistan

Pakistan

Pakistan , officially the Islamic Republic of Pakistan is a sovereign state in South Asia. It has a coastline along the Arabian Sea and the Gulf of Oman in the south and is bordered by Afghanistan and Iran in the west, India in the east and China in the far northeast. In the north, Tajikistan...

, with interests in fertilizer, cement, food, power generation, gas exploration, LPG marketing and distribution, financial services, employment services, and security services. It is run by former officers of Pakistani Armed Forces.

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

Market capitalization

Market capitalization is a measurement of the value of the ownership interest that shareholders hold in a business enterprise. It is equal to the share price times the number of shares outstanding of a publicly traded company...

 at the Karachi Stock Exchange

Karachi Stock Exchange

The Karachi Stock Exchange or KSE is a stock exchange located in Karachi, Sindh, Pakistan. It is Pakistan's largest and oldest stock exchange, with many Pakistani as well as overseas listings. Currently located in Stock Exchange Building on Stock Exchange Road, in the heart of Karachi's Business...

.

History and overview

Fauji Foundation was established as a charitable trust

Charitable trust

A charitable trust is an irrevocable trust established for charitable purposes, and is a more specific term than "charitable organization".-United States:...

 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

Fully owned

Fauji Cereals, Foundation Gas, Fauji Sugar Mills, Fauji Corn Complex, Foundation University, Fauji Security Services, Overseas Employment Services, Experimental and Seed Multiplication Farm.

Associated

Mari Gas Company Ltd., Fauji Cement Company Ltd., Pakistan Maroc Phosphere, S.A, Fauji Fertilizer Company Ltd., Fauji Fertilizer Bin Qasim Ltd., Foundation Securities (Pvt.) Ltd., Fauji Kabirwala Power Company Ltd., Fauji Oil Terminal & Distribution Company Ltd.

International recognition

Fauji Foundation has also earned considerable acclaim outside the country. It earned The World Veterans Federation Rehabilitation Prize

World Veterans Federation (WVF)

The World Veterans Federation is the world's largest international veteran organisation. The federation currently consists of 170 veterans organizations from 93 countries representing some 25 to 30 million veterans worldwide....

 in 1997 at Seoul

Seoul

Seoul , officially the Seoul Special City, is the capital and largest metropolis of South Korea. A megacity with a population of over 10 million, it is the largest city proper in the OECD developed world...

, South Korea

South Korea

The Republic of Korea , , is a sovereign state in East Asia, located on the southern portion of the Korean Peninsula. It is neighbored by the People's Republic of China to the west, Japan to the east, North Korea to the north, and the East China Sea and Republic of China to the south...

 which was received by then Fauji Foundation Director, Welfare (Health & Education) Brigadier Muneeb-ur-Rehman Farooqui SI(M). The citation runs that 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.

Corporate structure

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.

Committee of Administration

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.

Central Board of Directors

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, Research
• Director, Investment
• Secretary: Secretary Central Board of Directors, Fauji Foundation

Education system

Fauji Foundation education system is another department of Fauji Foundation. "Fauji Foundation education system aims to provide quality education to the children of ex armed forces personnel as well as civilians".

The headquarters of Fauji Foundation are in Rawalpindi

Rawalpindi

Rawalpindi , locally known as Pindi, is a city in the Pothohar region of Pakistan near Pakistan's capital city of Islamabad, in the province of Punjab. Rawalpindi is the fourth largest city in Pakistan after Karachi, Lahore and Faisalabad...

, Pakistan

Pakistan

Pakistan , officially the Islamic Republic of Pakistan is a sovereign state in South Asia. It has a coastline along the Arabian Sea and the Gulf of Oman in the south and is bordered by Afghanistan and Iran in the west, India in the east and China in the far northeast. In the north, Tajikistan...

. FFES is affiliated with the Federal Board of Intermediate and Secondary Education (FBISE), Islamabad

Islamabad

Islamabad is the capital of Pakistan and the tenth largest city in the country. Located within the Islamabad Capital Territory , the population of the city has grown from 100,000 in 1951 to 1.7 million in 2011...

. Every year it shows excellent performance in the examinations held by FBISE. There are almost 103 schools (FF model schools) in Pakistan.

External links

• Fauji Foundation
• http://www.defencejournal.com/jan99/fauji.htm