Mes­sage On Labour Day

Fauji Fer­til­izer Com­pany Lim­ited (FFCL)

Pakistan Observer - - ECONOMY WATCH -

play­ing a piv­otal role in the suc­cess of their com­pa­nies. Com­pany Pro­file Fauji Fer­til­izer Com­pany Lim­ited (FFC), is an as­so­ciate com­pany of Fauji Foun­da­tion (also known as Fauji Group) the group was in­cor­po­rated un­der the Char­i­ta­ble En­dow­ments Act 1890. FFC is a pri­vate listed com­pany and is run by a board of Di­rec­tors. It was a joint ven­ture be­tween Fauji Foun­da­tion Pak­istan and M/S Hal­dorTop­soe A/S Den­mark. Fauji Foun­da­tion holds the ma­jor­ity shares and leads the Board.

The history of Fauji Foun­da­tion dates back to 1945, when a Post War Ser­vices Re­con­struc­tion Fund (PWSRF) was es­tab­lished for In­dian War Vet­er­ans dur­ing WW-II. At the time of par­ti­tion when Pak­istan came into be­ing in 1947, the bal­ance fund was trans­ferred to Pak­istan in the pro­por­tion of its post WW-II vet­er­ans.

Fauji Foun­da­tion de­cided to in­vest in the fer­til­izer sec­tor when Pak­istan was fac­ing pop­u­la­tion growth and un­der­go­ing in­dus­tri­al­iza­tion in 1970s. The driv­ing force to select fer­til­izer prod­uct was to over­come food crises through in­creas­ing per acre yield from de­creas­ing cul­ti­vat­able land. Re­sul­tantly FFC was born in 1978 to pro­duce and ful­fill the coun­try’s re­quire­ment for fer­til­izer. Start­ing from a fer­til­izer pro­duc­ing com­pany FFC has be­come a leader in Fer­til­izer pro­duc­tion of Pak­istan.Now FFC has di­ver­si­fied its busi­ness port­fo­lio by in­vest­ing in theBank­ing sec­tor (AKBL), Food preser­va­tion tech­nol­ogy (FFF)&pioneer­ing Wind power (FFCEL) in Pak­istan. Com­pany’s Fi­nan­cial Per­for­mance and Taxes: Fi­nan­cially FFC is amongst the high­est con­trib­u­tors to the na­tional econ­omy; its tax con­tri­bu­tion in the year of 2015 was Rs. 59.781 bil­lion which also in­cluded ac­crued GIDC.FFC is awarded by South Asian Fed­er­a­tion for Ac­coun­tancy (SAFA) for trans­parency and cor­po­rate gov­er­nance in South Asia. The recog­ni­tion of Com­pany’s ethics and val­ues are a source of pride for Pak­istan.

FFC is amongst the top 25 com­pa­nies at the Karachi Stock Exchange (KSE) since 994 and has been de­clared first in 1997, 2010, 2011, 2012 and 2013. CSR Ac­tiv­i­ties: FFC ini­ti­ated its first CSR Pro­gram in 1982 through farmer as­sis­tance pro­gram. Presently 1.7 Mil­lion farm­ers ben­e­fit from this. FFC has one of the high­est div­i­dend pay­out ra­tio for the share­hold­ers which amounts to more than 90%. A large per­cent which is about 44% of the div­i­dend goes for the char­i­ta­ble pur­pose which is a unique busi­ness model in Pak­istan. This is other than di­rect con­tri­bu­tion to the com­mu­nity through Cor­po­rate So­cial Re­spon­si­bil­ity pro­jects. Awards and Recog­ni­tions: In recog­ni­tion of FFC with­stand­ing com­mit­ment to so­cial re­spon­si­bil­ity and sus­tain­able busi­ness ini­tia­tives. FFC has re­ceived the fol­low­ing awards: FFC An­nual Re­port 2014 has been awarded Top Po­si­tion in Cor­po­rate Re­port­ing and Sus­tain­abil­ity Awards (ICAP/ICMAP) CSR Busi­ness Ex­cel­lence Award 2012 by Na­tional Fo­rum for En­vi­ron­ment and Health An­nual En­vi­ron­men­tal Ex­cel­lence Award 2012 by NFEH Best CSR Prac­tice Award by UN Global Com­pact Pak­istan Lo­cal Net­work Pak­istan Cen­ter for Phi­lan­thropy Award (2012) Na­tional Ex­cel­lence Award 2011 by CSR As­so­ci­a­tion of Pak­istan An­nual En­vi­ron­men­tal Ex­cel­lence Award by UN Global Com­pact (Pak­istan Chap­ter)

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