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List of businesses run by the Army presented to the Senate

Ali Zain 11:37 AM | 21 Jul, 2016
List of businesses run by the Army presented to the Senate
ISLAMABAD - The Senate has been provided with the details of commercial projects being run by several sub-departments of the armed forces of Pakistan, in Federal Defence Minister Khwaja Asif's written response to an earlier question raised by Senator Farhatullah Babar of the Pakistan People's Party (PPP).

In the reply, Khawaja informed the Upper House that nearly 50 commercial entities were being managed by various departments of the armed forces, including the Fauji Foundation, Bahria Foundation, the Army Welfare Trust (AWT), the Shaheen Foun­dation and various Defense Housing Authorities (DHAs).

He said that as many as eight DHAs had been established in Karachi, Lahore, Rawalpindi-Islama­bad, Multan, Gujranwala, Bahawalpur, Peshawar and Quetta under special ordinances.

He informed the House that the AWT was running 16 projects, the Fauji Foundation 15, and the Shaheen Founda­tion 11. He said that while the Bahria Foundation was not administrating any housing society in Pakistan, it was considering the the establishment of an offshore LNG project.

 

The commercial projects of AWT:

  1. Two stud farms in Pakpattan and Okara
  2. Army Welfare Sugar Mills, Badin
  3. Askari Project (shoe and woollen), Lahore
  4. Army Welfare Mess and Blue Lagoon Restaurant, Rawalpindi
  5. Real estate comprising three small housing schemes in Lahore, Badaber and Sangjani
  6. Askari General Insurance Co Ltd Rawalpindi
  7. Askari Aviation Services, Rawalpindi
  8. MAL Pakistan Ltd Karachi
  9. Askari Guards (Pvt) Ltd, head office (HO) in Rawalpindi
  10. Askari Fuels (CNG) with HO in Rawalpindi
  11. Askari Seeds, Okara
  12. Askari Enterprises, Rawalpindi
  13. Fauji Security Services (acquired from Fauji Foundation), HO in Rawalpindi
  14. Askari Apparel, Lahore
  15. Askari Lagoon, Faisalabad.

The projects under Fauji Foundation:

  1. Fauji Cereals
  2. Foundation Gas
  3. Fauji Fertiliser Company Ltd
  4. Fauji Cement Co Ltd
  5. Fauji Oil Terminal and Distillery Co Ltd
  6. Fauji Kabirwala Power Company Ltd
  7. Foundation Power Co (Dharki) Ltd
  8. Askari Cement Ltd
  9. Askari Bank Ltd
  10. Foundation Wind Energy (I and II) Ltd
  11. Noon Pakistan Ltd Lahore
  12. Fauji Meat Ltd
  13. Fauji Fertiliser Bin Qasim Ltd
  14. Fauji Akbar Partia Marine Terminal Ltd, HO in Karachi
  15.  Pakistan Maroc Phosphore SA in Morocco

The projects under Shaheen Foun­dation:

  1. Shaheen Airport Services
  2. Shaheen Aerotraders
  3. Shaheen Knitwear
  4. Shaheen Complex, Karachi
  5. Shaheen Complex, Lahore
  6. Shaheen Medical Services
  7. Hawk Advertising
  8. Fazaia Welfare Education School System
  9. SAPS Aviation College
  10. Air Eagle Aviation Academy
  11. Shaheen Welfare Housing Scheme, Peshawar

The full list of commercial entities was originally reported by the Dawn.com

Ali Zain
Ali Zain

Ali Zain is a member of the staff at Daily Pakistan Global. He earned BS Communication Studies degree from University of the Punjab. His thesis titled "Cultural Continuity and Mass Media: An analysis of leading online newspapers ...

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KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on February 5, 2023 (Sunday).

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency Symbol Buying Selling
US Dollar ‎USD 280.9 284.25
Euro EUR 299 302
UK Pound Sterling GBP 335 338
U.A.E Dirham AED 75.14 75.44
Saudi Riyal SAR 73.55 73.85
Australian Dollar AUD 192 194
Bahrain Dinar BHD 712.72 720.72
Canadian Dollar CAD 205 207
China Yuan CNY 39.67 40.07
Danish Krone DKK 39.33 39.73
Hong Kong Dollar HKD 34.19 34.54
Indian Rupee INR 3.28 3.39
Japanese Yen JPY 2.5 2.54
Kuwaiti Dinar KWD 878 887
Malaysian Ringgit MYR 62.83 63.43
New Zealand Dollar NZD 173.25 175.25
Norwegians Krone NOK 26.79 27.09
Omani Riyal OMR 696.08 704.08
Qatari Riyal ‎QAR 73.62 74.32
Singapore Dollar SGD 204 206
Swedish Korona SEK 25.61 25.91
Swiss Franc CHF 291.69 294.19
Thai Bhat THB 8.15 8.3

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 205,300 on Sunday. The price of 10 grams of 24k gold was recorded at Rs176,010.

Likewise, 10 grams of 22k gold were being traded for Rs167,318 while a single tola of 22-karat gold was being sold at Rs 195,157.

Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.

City Gold Silver
Lahore PKR 205,300 PKR 2,360
Karachi PKR 205,300 PKR 2,360
Islamabad PKR 205,300 PKR 2,360
Peshawar PKR 205,300 PKR 2,360
Quetta PKR 205,300 PKR 2,360
Sialkot PKR 205,300 PKR 2,360
Attock PKR 205,300 PKR 2,360
Gujranwala PKR 205,300 PKR 2,360
Jehlum PKR 205,300 PKR 2,360
Multan PKR 205,300 PKR 2,360
Bahawalpur PKR 205,300 PKR 2,360
Gujrat PKR 205,300 PKR 2,360
Nawabshah PKR 205,300 PKR 2,360
Chakwal PKR 205,300 PKR 2,360
Hyderabad PKR 205,300 PKR 2,360
Nowshehra PKR 205,300 PKR 2,360
Sargodha PKR 205,300 PKR 2,360
Faisalabad PKR 205,300 PKR 2,360
Mirpur PKR 205,300 PKR 2,360

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