Fauji Foundation Group was founded in 1954 as a charitable trust for the uplift of ex-servicemen of the Armed Forces and their dependents. Today, the Foundation is a multi-disciplinary welfare-cum-industrial entity, having operations across the country. In a brief span of time, it has made vital contributions not only to the prosperity of its beneficiaries but also to the consolidation of national economy. With its well-managed and profitable business concerns, the Group is an entirely self-supported entity operating in the private sector. The expenditures incurred on its diverse welfare activities are met through revenue generated from the Foundation's own industrial and commercial projects. No aid or funding is accepted from the federal and provincial governments.
Representing c. 7% of the country's population, over 9 million beneficiaries of Fauji Foundation include released, retired and discharged personnel of the Regular Armed Forces who are citizens of Pakistan as well as their dependents. On a pure self sustainability principle, Fauji Foundation provides the following services to its beneficiaries:
- Free healthcare at Fauji Foundation hospitals and related facilities.
- Subsidized Education at Fauji Foundation schools and colleges.
- Education Stipends; and
- Vocational and Technical Training.
The Foundation owns c. 250 welfare institutions in the form of hospitals, medical centres, dispensaries (not including 44 mobile dispensaries operating on daily basis), schools/colleges, vocational training centers (for females) and technical training centres (for males). In addition to institutional care, the Foundation spends cash on outsourced medical treatment and stipends for higher education.
Fauji Foundation also boasts itself to be one of the largest industrial / commercial conglomerates in Pakistan with investments and management experience in diversified businesses such as production of fertilizer, sugar, and cement, oil terminal operations, exploration and production of oil and gas, power generation, financial services, and LPG marketing and distribution. Apart from maintaining its current portfolio of investments, Fauji Foundation actively pursues new investments and is currently in the process of establishing two power plants.
Since inception, Fauji Foundation has grown from PKR 18.23 million of capital, to a conglomerate with a total asset base of PKR 44 billion (USD 733 million) for the year ending September 30, 2006. The assets of the Fauji Group (which include those of the Associated Companies) are over PKR 121 billion (USD 2 billion). The total value of Fauji Foundation's shareholding in its associated companies has a market value in excess of c. USD 750 million, while the companies represent 3.3% of the total market capitalization at the Karachi Stock Exchange.