Tag Archives: PSX

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.

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Autorickshaw Company Sazgar Plans to Make Cars and Small Commercial Vehicles in Pakistan

Autorickshaw Company Sazgar Plans to Make Cars and Small Commercial Vehicles in Pakistan


Sumera Saeed | January 4, 2018 | category: Autos and Vehicles

Autorickshaw Company Sazgar Plans to Make Cars and Small Commercial Vehicles in Pakistan. The CNG autorickshaw company in Pakistan Sazgar has a plan to set up a car and small commercial vehicles assembly plant in the country.

The company has decides to built a plant on a fast-track basis as it looks to introduce vehicles in an 18-month time frame to strike potential growth in Pakistan’s auto sector.  Sazgar Engineering Works has declared that they will set up making small commercial vehicles and cars by 2019.

It looks that the company is in hurry to launch the small commercial vehicles and cars in the country as it has already halt the production of its earlier announced plan of introducing three-wheels rickshaws.

In this regard the company’s Secretary Arshad Mahmood has sent a notification to Pakistani Stock Exchange (PSX), read as,

“Considering the potential growth and future prospects of the automobile sector in the country and in order to facilitate timely completion of the project; the board has decided to hold the expansion of auto rickshaws production facilities as communicated earlier.”

Mr. Mahmood also added that their cars and small commercial vehicles manufacturing plant is likely to be completed by 30th June, 2019. The newly set up automating plant will be able to produce 24,000 vehicles every year, he added.

We will keep you updated in this regard stay in touch with daytimes.pk

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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.

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