Karachi, Fauji Fertilizer Bin Qasim Ltd. (FFBL), a major player in Pakistan’s fertilizer industry, has seen its credit ratings upgraded by VIS Credit Rating Company Limited to 'AA+/A-1+', indicating a robust financial outlook and market position. This upgrade reflects the company's high credit quality and the strongest certainty of timely payment, aligning with improved profitability and strategic market moves.

According to VIS Credit Rating Company Limited, the improved ratings consider several key factors including the significant profitability growth driven by favorable DAP (Di-Ammonium Phosphate) prices. The company has also demonstrated a strong commitment to financial health through timely debt repayments and has strategically divested from non-earning investments to bolster its financial metrics.

Founded in 2000 and headquartered in Islamabad, with production facilities in Karachi, FFBL has established itself as the sole producer of DAP fertilizer in Pakistan, a position that underpins its unique market standing. The company’s ratings are further supported by low business risk factors such as cyclicality, competition, and technology risks, as well as its substantial market share.

Additionally, the support from its parent organization, Fauji Foundation, has been a critical factor in FFBL’s ability to maintain a strong financial and operational framework. This backing is crucial for sustaining its leadership in the highly competitive fertilizer market of Pakistan.