Fauji Fertilizer Company (FFC) links its well being with the prosperity of Pakistan. FFC is an associated concern of Fauji Foundation. It contributes 43% of its profits towards welfare projects of Fauji Foundation which is a trust setup for the welfare of ex-servicemen and their dependents. It is incorporated under The Charitable Endowments Act, 1890 and its aim and structure of governance is managed as notified by the Government of Pakistan. FFC works as an independent private organization run on modern corporate lines having no connection with Pakistan Army in terms of authority or finances. FFC's visionary management in 1978 decided to enter into Fertilizer sector to help Pakistan ensure food security and now it has diversified itself to cater for national demands. In view of shortage of electricity and energy crisis in Pakistan, FFC developed Pakistan's first Wind Power Project and created a new way for others to follow. The 50MW Wind Power Project at Jhampir started feeding electricity to National Grid on 16 May 2013. This has provided new avenues for attracting foreign investment in Pakistan for alternate energy projects.
Al-Hamd Foods was acquired by FFC to safeguard the fruit / vegetable wastage and encourage the farmers. Al-Hamd foods will provide fresh and quality healthy food preservation mechanism to the people. FFC now has major shareholding in Askari Bank in its endeavors to provide financial solutions to the Pakistani entrepreneurs.
FFC professional management has always shown key priority in long term sustainable resource management through a mix of civilian professionals (Engineers, Marketing, IT and Financial Experts) and ex-servicemen in administrative positions. FFC has consistently remained in the list of top 25 best performing companies of Pakistan consecutively for 16 years since 1994 and is one of the highest tax payers of the country.
FFC spends substantially in helping out the deprived people of this country in education, health and related fields. The organization has adopted many government schools located close to the plants. FFC provide free books, stationary to its students, teacher's pay and even undertake construction of the classrooms. It also offers free education to selected students at top institutions like LUMS and FC College. Moreover, the CSR (Corporate Social Responsibility) programs at FFC arrange free medical camps.
FFC is an organization which looks much beyond the scope of its profitability while entering into any business deal and also expect other organizations to come forward and contribute to help Pakistan grow.
Read 181 times