PAK ARAB FERTILIZERS (Pvt.) Ltd.

Introduction: Pak Arab Fertilizers Limited was established as a result of protocol concluded and signed on November 15, 1972 by the Government of Pakistan.  A Memorandum of Understanding was concluded between PIDC and ADNOCon March 7, 1973 and participation agreement emerged on November 1, 1973 to establish a joint venture for the expansion and modernization of the old Natural Gas Fertilizer Factory (NGFF) at Multan.  The Company was incorporated on November 12, 1973. Subsequently, PIDC assigned 52% of its shares to National Fertilizer Corporation (NFC) of Pakistan and ADNOC assigned 48% of its shares to International Petroleum Investment Company, with a paid-up capital of PKR743.061 million.  Under the privatization policy of Government of Pakistan, Pak Arab Fertilizers Limited was privatized on July 14, 2005 at a cost of Rs.14.125 billion and acquired by a consortium of Fatima Group and Arif Habib Group.

Pak Arab Fertilizers Limited is located at Khanewal Road, Multan. The site area comprises 302 acres, which includes area for the factory and the housing colony . Its main head office is located in E-110 New Super Town, Main Boulevard, Defense Road Lahore Cannt. It has also office in Karachi. To maximize the output while minimizing the negative impacts on the environment it introduced Clean Development Mechanism (CDM) plant was installed, which is the first project of this kind in Pakistan. Audit of Pak Arab fertilizer is conducted by the A.F. Ferguson & Co. Chartered Accountants, Lahore Legal Advisor: M/s. Chima & Ibrahim, Advocates (1-A/245, Tufail Road, Lahore Cantt .)

Vision:To be a world class manufacturer of fertilizer and ancillary products, with a focus on safety, quality and positive contribution to national economic growth and development. We will care for the environment and the communities we work in while continuing to create shareholders' value.

Mission:To be the preferred fertilizer company for farmers, business associates and suppliers by providing quality products and services. To provide employees with an exciting, enabling and supportive environment to excel in, be innovative, entrepreneurial in an ethical and safe working place based on meritocracy and equal opportunity. To be a responsible corporate citizen with a concern for the environment and the communities we deal with.

Organization Hierarchy:-

Culture: Organizational setup:  Rituals:  Artifacts:

Organizational Set Up:The policy of the company is determined by the two principal corporate shareholders, 6 representing NFC (Pakistan) and 5 nominated by ADNOC (AbuDhabi) The board of directors, have appointed a full time chairman and a managing director, who is vested with adequate powers to manage the day to day affairs of the company on sound commercial lines.

Rituals:Rituals are the programmed routines of daily organizational life that dramatize the organizations culture. Along with shouting matches at Digital, rituals include how visitors are greeted, how often senior executives visit subordinates, how people communicate with each other, how much time employees take for lunch, and so on. Ceremonies are more formal artifacts than rituals. Ceremonies are planned activities conducted specifically for the benefit of an audience. This would include Publicly rewarding (or punishing) employees, or celebrating the launch of a new product or newly won contract.21 Many firms deliberately use ceremonies to reinforce and communicate the organizations core values
 Customer Orientation  Slogan : towards a better future of our country with more enthusiasm and balanced nutrients  Annual Meetings  Informal Meetings with farmers  Dinners  Tours & Music Concerts

Artifacts:Artifacts are the observable symbols and signs of an organizations culture, such as the way visitors are greeted, the physical layout, and how employees are rewarded. You show your corporate culture in everything, the way the building looks, the way people act, the names of the Conference rooms, More formal in style Appropriate behavior Attractive Physical Layout OF Units Bonus and Incentives to employees Cooperate with visitors Well furnished Conference Room

     

Management Views:-