Petarian Foundation was
registered on the 15th
of December 2003 under the Societies Act of 1860,
registration no. RS/ICT/427. While
the general aims and objectives of the Foundation are
broad, the main focus of the Foundation is to serve
Pakistan through service to Petaro and Petarians. It is
a non-profit and non-political organization.
Foundation is now a recognized body by the
Pakistan Council for Philanthropy, and is thus a
tax-exempt organization. Contributions given to
Petarian Foundation can be claimed as deductions
in income taxes.
The Foundation was born out of a desire by a number
of Petarians to recognize the great contribution of our
nation and of the college in our lives, and to
"contribute back" to Pakistan and Cadet College Petaro
from the bounties we have reaped over the years.
Initially, it was thought that the ideal solution
should be to start the concept under the aegis of the
Petarian Association. However, after deliberations by
the Managing Committee of the Petarian Association and a
resolution of the AGM held in 2000, a sub-committee
headed by Commodore Mirza Ashfaque Beg was
formed, which ruled that the Foundation should be
created independent of the Association. A
letter to this effect was issued by the Association
on 9th October 2000.