TaimiKhan
First of all, I for one have a hard time believing that they are generating annually, measly 2 billion Rupees a year to take care of the old folks.....
I meant the figure left after all the expenses, and the expenses consists of the amount spend on these charitable causes. Whatever is left is forwarded in the financial books.
Regarding Fauji Foundation, it's sounds Oriental, anyways you are probably correct in your assessment, but clearly you are not telling me that Fauji Foundation is controlling whole of ISI/military commericial organization because it sound like that from you.....This is small part that has been sold to Fauji Corp. and you are showing data on this... By the way, the link you provided above for me did not open....
As told, it is not doing business on behalf of the military nor it gives its proceeds to the military. Its a registered organization and its financial books are open, thus anyone can look at them and see where the funds are going. Its a charitable organization which does business and spends on the retired military personnel as well as civilians too. It does not gives a single penny to the military or ISI. I have no idea from where you took the idea that it is doing business on behalf of the military, its not. Its not a secret organization, it is an open organization with lot of projects in collaboration with civilian / private sector.
Fauji Foundation is the umbrella organization, all the companies work under this foundation and their incomes are shown independently and after whatever profit has gone to the shareholders, Fauji Foundation uses its share of income on the charitable projects its running.
Giving you as an example, the place i work in, its major shareholder is a private economic development fund, so when the profits are divided among the shareholders, the economic development fund uses its share of profit earned from my organization as being an owner on charitable causes in Pakistan as well as abroad. Same case is Fauji Foundation. I haven't shown any small part, if that website had opened for you, you would have been very much enlightened about what type of organizations are working under the Fauji Foundation umbrella and how much income they are generating. You can Google and find useful information too.
So, once again, Fauji Foundation is an open organization, its financial books are open so are the companies working under it and it does not channels money to the military or the ISI nor is FF working for the military. Its working for the retired military personnel.
What I think, My personal opinion only, is that, because Pakistan is struggling interms of financial means, ISI/military is selling off the least important component to private organization to raise funds...
Nops, that is not the case. As said, the FF is not working for the military or ISI, its working for retired military personnel benefit and as told above its an open organization. It has sold nothing to raise funds, rather it is investing more on its own and with the private sector in joint collaboration projects and having a very positive impact on the society, economy and the people.
ISI and military are given budgets from the govt side, from nowhere else does the military gets funds, but yeah i can't say about ISI, who may have extra sources to generate funds since they need lot of extra money being a intel agency.