Tag Archives: Pakistan Stock Exchange

FFC Continues to be Number 1 in PSX Ranking

FFC Continues to be Number 1 in PSX Ranking


admin | January 8, 2018 | category: Business

FFC Continues to be Number 1 in PSX Ranking. Fauji Fertilizer Company (FFC) has been declared FIRST among the TOP 25 Companies of Pakistan Stock Exchange (PSX) for the year 2016, consecutively for 7th time since 2010. The basis of evaluation for the award includes Dividend Pay-out, Capital Efficiency, Profitability, Free Float of Shares, Transparency & Investors Relation and Compliance with Listing of Companies & Securities Regulations. The award reflects recognition of excellent financial and managerial performance of the Company by PSX.

The CE & MD of FFC, Lt Gen Shafqaat Ahmed, HI(M) (Retd) appreciated the efforts of management for maintaining the remarkable position of honour to the company for seventh consecutive year. He acknowledged and specially appreciated the relevant departments of the company and the workforce for their exemplary professionalism that led to the achievement.

“FFC has always displayed excellence in governance, compliance to statutory obligations, conformity and adherence to International Corporate and Financial Standards. Declaration by PSX reflects high standards of transparency, controls, disclosures, commitment, fairness, accountability and Good Board Practices”; Lt Gen Shafqaat said in a message to the company.

CE& MD further stated that FFC greatly valued its shareholders, who have always trusted the Company’s management. The achievement of this honour reflects the professionalism which has assured investors confidence through best returns, greater protection of their rights, investments and best utilization of their money for growth of the Company.

You can follow us on Twitter, add us to your circle on Google+ or like our Facebook page to keep yourself updated on all the latest from Technology, Entertainment, Sports, Gadgets, Latest Government Jobs, Cooking Recipes, Health and Beauty, Autos and Vehicles and Much More.

FFC Organizes Session On Better Business Practices To Meet SDGs

FFC Organizes Session On Better Business Practices To Meet SDGs


Sumera Saeed | November 24, 2017 | category: Business

FFC Organizes Session On Better Business Practices To Meet SDGs. Fauji Fertilizer Company Limited (FFC) in collaboration with partners Corporate Social Responsibility Centre Pakistan (CSRCP), Pakistan Stock Exchange (PSX) and United Nations Global Compact (UNGC), Pakistan Network organized a session on Sustainable Development Goals (SDGs) to discuss alignment of business strategies with SDGs and reporting business contribution in meeting the SDGs.

During the panel discussion on aligning business strategies with SDGs, CEO Institute of Leadership Development (UNGC-Pakistan Chapter) , Mr. Fasihul Karim Siddiqi discussed how businesses can align their actions in support of SDGs in order to tap the business opportunities provided by the global goals.

 Ms. Genevieve Hussain from UN Food and Agriculture Office (FAO) shared her views on the benefits offered by the SDGs for the business. Eminent corporate leaders shared their views on the topic during panel discussion. Other panelists included Ms. Ayesha Khan, Country Director, Hashoo Foundation and Mr. Fasihul Karim Siddiqi.

In second session of the event, Mr. Muhammad Imran, Director Projects and Training, CSRCP discussed the prevailing trends in corporate responsibility reporting at global, regional and national level. He also discussed, how business can report on their contribution towards SDGs. Mr. Pietro Bertazzi, Deputy Director , Policy and Global Affairs – Global Reporting Initiative (GRI) shared the updates on GRI-UNGC Business Reporting on SDGs Action Platform.

The panelists agreed that there is a dire need to introduce the reporting regulations and take steps to create awareness among business on sustainability reporting to bring Pakistan at par with regional peers and at global level. The panelists for the session were Ms. Saima Kamila Khan – Company Secretary, ICI Pakistan, members from Best Corporate and Sustainability Reporting Committee of ICAP and ICMAP.

The event was attended by a large number of corporate leaders, representatives from Planning Commission, provincial SDGs cell, UNDP, UNGC, Pakistan Stock Exchange, Pakistan Centre for Philanthropy, Pakistan Poverty Alleviation Fund, PARCO, Indus Motors Company and other leading companies working on sustainability.

For further updates stay tuned with daytimes.pk

All Pakistan Business Forum’ lauds Pakistan’s new ranking as ‘Emerging Market’

All Pakistan Business Forum’ lauds Pakistan’s new ranking as ‘Emerging Market’


Sumera Saeed | January 25, 2017 | category: Business

All Pakistan Business Forum’ lauds Pakistan’s new ranking as ‘Emerging Market’

The leading provider of international investment decision support tools – MSCI has reclassified its Pakistan Index to the higher status of ‘Emerging Markets’. MSCI is expected to announce this decision at the “Semi-Annual Index Review in May 2017”. The decision will upgrade Pakistan from the stature of ‘Frontier Markets’ to ‘Emerging Markets’ and is expected to generate inflows of global portfolio investment, amounting to $475 million by the middle of 2017. This was stated by EFG Hermes – an Egypt-based investment bank.

The ‘All Pakistan Business Forum’ (APBF) has lauded this positive development and congratulated the nation, for ensuring that Pakistan’s economic output is rising at a healthy pace. Global institutional investors use different MSCI indices – such as frontier, emerging, China and US markets – to create balanced portfolios to generate maximum returns while keeping in view their overall risk appetite. Emerging markets attract far more funds than frontier markets.

The President of APBF – Mr. Ibrahim Qureshi stated that: Over the past few years, economic dynamism in the global economy has gradually been shifting—from advanced economies to emerging markets. Today, the emerging economies comprise of 85 percent of the world’s population, while contributing almost 60 percent of global GDP. While the global recovery has  been subdued, emerging economies have contributed more than 80 percent of global growth since the crisis. In the current scenario, Pakistan’s inclusion into the Emerging markets is a tremendous achievement. It will create many new opportunities, despite the challenging environment.”

MSCI communicates its conclusions, based on discussions with the international investment community, on a list of markets under review every June. MSCI announced last year that Pakistan was on its list for possible reclassification in view of improvements in transparency and liquidity.

Although the actual reclassification of the index will follow next year, global investors tend to start factoring in the reclassification ahead of the actual change, which prompts massive inflows of global funds in the case of a favorable decision. The benchmark index of the Pakistan Stock Exchange has already gained 15% this year, making it the best performer in Asia. “The gauge has climbed 4.2% this month, compared with a 0.4% fall in the MSCI Emerging Markets Index.”

Pakistan was part of the MSCI Emerging Markets Index between 1994 and 2008. However, the temporary closure of the Pakistan Stock Exchange in 2008 led MSCI to remove it from the index and classify it as a “standalone country index”. MSCI made Pakistan a part of the Frontier Markets Index in May 2009 and it has remained as such since then.

You can follow us on Twitter, add us to your circle on Google+ or like our Facebook page to keep yourself updated on all the latest from Technology, Entertainment, Gadgets, Health and Beauty, Sports, Latest Jobs, Autos and Vehicles and Much More.