Here is a summary of notable business news for July 2025 regarding companies owned by the Fauji Foundation, Army Welfare Trust (AWT), Shaheen Foundation, Bahria Foundation, and DHA:
Fauji Foundation
- Fauji Fertilizer Company (FFC):
- FFC reported strong financials for the first half of 2025, achieving significant growth in operating profits and maintaining a dominant market presence in Pakistan’s fertilizer sector. Their market share in Urea and DAP grew to 49% and 63% respectively as of March 2025, with annual turnover rising to approximately Rs374bn in CY24.
- FFC retained a robust ‘AA+’ credit rating as per PACRA’s July 2025 report, reflecting its financial stability amidst rising gas prices and inflation.
- The Fauji Foundation and Kot Addu Power Company (KAPCO) jointly expressed intention to acquire a majority (84.06%) stake in Attock Cement Pakistan Limited, which could broaden their industrial footprint.
- In the aviation sector, FFC submitted an expression of interest to acquire a stake in Pakistan International Airlines (PIA), potentially expanding its presence into the airline industry.
- The Competition Commission of Pakistan approved Fauji Foods’ acquisition of the Fauji Cereals business from the Foundation, consolidating food brands and aiming for a stronger FMCG position in the market.
Army Welfare Trust (AWT)
- AWT Investment: No major international investment headlines in July 2025. However, AWT continues its focus on asset management, investment products, and well-being initiatives for ex-servicemen. Its investment company manages seven mutual funds (five conventional, two Islamic)—among the best performers in Pakistan’s financial market this fiscal year. AWT is also launching new savings and advisory products this year to target both the general public and military community.
- Real Estate: The AWT Real Estate Division opened hiring opportunities to both civilians and retired officers in July 2025, reflecting ongoing growth and resourcing in its property business.
Shaheen Foundation
- No significant business or corporate activity specifically related to the Pakistan Air Force-owned Shaheen Foundation was reported for July 2025 in public sources.
Bahria Foundation
- A consortium involving the Bahria Foundation joined a bidding group seeking a controlling stake in Pakistan International Airlines (PIA) under the ongoing government privatization process. The consortium, which includes U.S. and Pakistani investors, advanced past the prequalification stage and will now undergo due diligence. This marks a potential expansion of Bahria Foundation’s investments into the airline and transportation sector.
- There were no new construction, industrial or joint venture news in July 2025.
DHA (Defence Housing Authority)
- No significant new business or financial developments from DHA Pakistan were reported for July 2025.
Key Themes for July 2025
- Privatization Moves: Both Fauji Foundation and Bahria Foundation are active in the privatization of PIA, with respective consortiums expressing interest and advancing to the due diligence stage.
- Financial Strength: Fauji Fertilizer and Fauji Foods, both under the Fauji Foundation, are reporting solid profits and expansion, highlighting continued resilience and aggressive acquisition strategies.
- Steady Growth: Army Welfare Trust is focusing on mutual funds, savings plans, and growing its real estate operations, emphasizing stable and diversified income streams for ex-servicemens’ welfare.
- Limited Public News for Shaheen and DHA Pakistan: No significant corporate news in July 2025 for these entities according to available sources. Most news items refer to unrelated international organizations.