Bahria Foundation

Bahria Foundation
Bahria Foundation, Pakistan Navy
بحریہ فاؤنڈیشن
AbbreviationBF
Formation1982; 44 years ago (1982)
FounderPakistan Navy
TypeCharitable trust
Legal statusWelfare foundation
PurposeWelfare of serving and retired Pakistan Navy personnel and their families
HeadquartersKarachi, Sindh, Pakistan
Coordinates24°50′39″N 67°00′10″E / 24.8441°N 67.0027°E / 24.8441; 67.0027
Region served
Pakistan
Managing Director
Imran Ahmad
Parent organization
Pakistan Navy
SubsidiariesBahria Classification Society
Bahria Dredging Company Ltd.
Bahria Travels
Bahria Paints
Bahria Maritime Works
Bahria Filling Station
Websitebahriafoundation.com

Bahria Foundation (Urdu pronunciation: [bɛɦˈriː.ja] beh-REE-yah) is a Pakistani conglomerate based in Karachi. The business is run by the Pakistan Navy and was established for welfare of its employees in 1982.

It is currently headed by Vice Admiral (R) Imran Ahmad HI(M).

History

Bahria Foundation was founded in 1981 under the Charitable Endowments Act of 1889 by Pakistan Navy with an initial investment of Rs 3 million.

Subsidiaries

It owns following assets:

Proposed

  • Sino Pak Refinery (Planned)
  • Bahria Foundation LNG Terminal Project (Planned)

Education

Bahria Town brand name controversy

In a significant legal dispute, business tycoon Malik Riaz was ordered by a Rawalpindi district court to pay Rs388.13 million as compensation to the Bahria Foundation for unauthorized use of the 'Bahria' brand name for his housing society. The dispute began in 1996 when Hussain Global, representing Riaz, partnered with the Bahria Foundation to establish Asia's largest private housing society, Bahria Town. Despite an agreement to cease using naval nomenclature for his housing society, a case was filed against Riaz in 2002. Despite the setback, Riaz's legal adviser has stated they will appeal the verdict.

See also