Trade Chronicle March - April 2017

TRADE CHRONICLE
Fauji Fertilizer Company
celebrates FFC Day
Fauji Fertilizer Company (FFC)
celebrates “FFC Day” to commemorate
laying of foundation stone of its first
fertilizer plant at Goth Machhi on
March 08, 1979. The celebration aims
at sharing the story of successful
business run through ethically correct
and socially responsible business
practices to the benefit of not only our
business stakeholders but also for the
people of Pakistan.
FFC which started its 38 years long
journey from a fertilizer plant has three
plants now and is today the largest
producer of urea in Pakistan with an
aggregate urea production capacity of
well over two million tonnes per
annum.
German Consulate
visits FPCCI
Mr. Alamgir Firoz, Chairman, Standing
Committee on Diplomatic Affairs along
with Mr. Gulzar Firoz, Chairman, Standing
Committee on Environment and members
of Pakistan-Germany Business Council of
FPCCI welcomed Mr. Carsten Muller,
Head of Mission of the German Consulate
on his visit to Federation House, Karachi.
Mr. Alamgir Firoz said that Germany is
Pakistan’s largest trading partner among
the EU countries. He said major items of
Pakistan exports to Germany are textile
and textile made-ups, leather goods,
carpets, surgical instruments, cutlery, rice
and horticulture products, whereas
machinery, pharmaceuticals, motor
vehicles, chemicals and dyes, iron and steel
products, figure in imports.
FFC fertilizer business has diversified
by pioneering into wind energy in
Pakistan (FFCEL), entering into
banking sector by acquisition of Askari
Bank and introducing state of the art
food preservation technology (FFnF).
The company has achieved long term
credit rating of AA and short term rating
of A1+ denoting high credit worthiness
and very low expectation of credit risk
strengthening the confidence of
company's stakeholders.FFC has been
r e c o g n i z e d f o r p r o f e s s i o n a l
a c h i e v e m e n t s l o c a l l y a n d
internationally and became the first
Company ever to achieve six
consecutive first positions on PSX's
Top 25 company placements.
FFC has been awarded for its business
transparency and good corporate
governance in South Asia by South
Asian Federation of Accountants
(SAFA). In recognition of its efforts
towards community support and
sustainable business practices United
Nations Global Compact awarded
FFC with Business Excellence Award.
In his message on this day Lt Gen
Shafqaat Ahmed HI (M) (Retd)
CE&MD appreciated the sheer hard
work and dedication of previous and
present leadership and employees in
making FFC a brand for ethical and
successful business nationally and
internationally.
Mr. Irfan Ahmed Sarwana, Vice President FPCCI is Presenting FPCCI Crest to H.E. Prof. Julius
Kibet Bitok, High Commissioner of Kenya, Mr. Al Hajj Dhani Bukhsh Memon, Vice President
FPCCI, Mr. Guzar Firoz, Mr. Maher Alam Khan, Acting Secretary General FPCCI and others
also seen in the picture.
Mr. Carsten Muller, Head of Mission of the
German Consulate said that Pakistan is the
important member of EU, many German
companies are working in Pakistan for
many years with major investments in
Pakistan that include Linde, BASF, Bayer,
Merck, Hoechst, Siemens and METRO.
He emphasized that our business
communities should increase the
investment and avail opportunity of our
good relations between the two countries.
At the conclusion of the meeting Mr.
Alamgir Firoz presented a Book and
Report on Environment, Health and Safety
to Mr. Carsten Muller, Head of Mission of
the German Consulate.
Mr. Zubair F. Tufail, President FPCCI Presenting FPCCI Crest to Mr. Gao Hongwei,
Chairman international Business China Aerospace Science & Industry Corp, Mr. Gao Wei,
Director General, international Business China Aerospace Science & Industry Corp . Mr.
Meng Bo, Vice President China Volant Industry CO, Mian Shaukat Masood, Vice President
FPCCI, Mr. Shahid Hussain Asad, Former Federal Secretary and Mr. Malik Sohail also
seen in the picture.
TRADE CHRONICLE - Mar .~April. 2017 - Page # 24