Here is a summary of the most recent business news and developments for companies owned by Fauji Foundation, Army Welfare Trust (AWT), Shaheen Foundation, Bahria Foundation, and Defence Housing Authority (DHA) for October 2025 and the surrounding months:
Fauji Foundation Companies
- Fauji Foundation remains Pakistan’s largest business group, now valued at $5.9 billion with major assets in Fauji Fertilizer, Fauji Cement, Askari Bank, Mari Petroleum, and more than 30 industrial subsidiaries.
- Fauji Fertilizer Company (FFC), a key subsidiary, is actively expanding its portfolio. FFC agreed in principle to acquire the remaining 50.12% stake in Fauji Fertilizer Bin Qasim Limited.
- Fauji Foundation and Kot Addu Power Company (KAPCO) have submitted a binding offer to jointly acquire a controlling 84.06% share in Attock Cement Pakistan Limited, potentially expanding their footprint in the cement sector.
- FFC’s board approved submitting an expression of interest for a stake in Pakistan International Airlines (PIA) as part of the government’s privatization program.
Army Welfare Trust (AWT) Companies
- AWT operates over 25 commercial enterprises including banking, insurance, textiles, trucking, aviation, and significant real estate holdings through DHA.
- The group benefits from regulatory protections and substantial tax exemptions recently reinforced by inclusion in the 2025-26 Finance Bill.
- Their reach includes AWT Investments, Askari General Insurance, multiple production sectors, and more.
DHA Companies
- DHA continues to dominate as Pakistan’s largest land developer, with ongoing real estate development in major cities like Lahore, Karachi, Islamabad, Multan, Gujranwala, and Bahawalpur.
Shaheen Foundation and Bahria Foundation
- Shaheen Foundation (Pakistan Air Force) manages FM radio stations, construction, travel, and education services.
- Bahria Foundation (Pakistan Navy) owns Bahria Maritime Services, Bahria University, and logistics businesses linked to ports.
- Collectively, these military foundations run over 100 subsidiaries across industries ranging from cement and packaging to medical and security services, benefiting from tax exemptions and priority access to government contracts.