Bahria Foundation is a Pakistani conglomerate based in Karachi.[1] The business is run by the Pakistan Navy and was established for welfare of its employees in 1982.[2][3]
It is currently headed by Vice Admiral (R) Imran Ahmad HI(M).[4]
Bahria Foundation was founded in 1981 under the Charitable Endowments Act of 1889 by Pakistan Navy with an initial investment of Rs 3 million.[5]
It owns following assets:
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.[21][22][23]
