Federal Budget: Energy Taxation
KARACHI: The most notable increase stems from the projected Rs750 billion collection of Petroleum Development Levy (PDL) against Rs135 billion collected in FY22. Based on market estimates, the targeted Petroleum…
GIDC ruling to massively hit industry countrywide: FPCCI
Karachi (PR) As the industrial sector is looking for availing legal option of filing review petitions of the Supreme Court judgment in Gas Infrastructure Development Cess, the Federation of Pakistan…
Engro Fertilizers reduces urea prices by a further Rs 240 to ensure national food security and support the farmers of Pakistan
The global COVID-19 pandemic poses a significant challenge to not only global, but also national economic prosperity. As one of Pakistan’s most responsible companies, Engro Fertilizers remains committed to the…
Engro Fertilizers takes lead to reduce Urea price by Rs 160
Engro Fertilizers welcomes the decision of Government of Pakistan to reduce GIDC on urea. In line with the decision and to support the valued farmers of the country, Engro Fertilizers…
Pakistan’s overall fertilizer sales decline 16% due to higher prices
KARACHI: National Fertilizer Development Center (NFDC) released fertilizer data for September 2019 wherein total fertilizer off-takes clocked-in at 683k tons, down 8%YoY/18%MoM. With regards to production activity during the month,…
PM Imran Khan withdraws GIDC ordinance
ISLAMABAD: Prime Minister Imran Khan withdrew on Wednesday the Ordinance related to the amnesty in Gas Infrastructure Development Cess (GIDC), according to a statement released from the PM’s Office. The…
Economic reforms package is a half-hearted relief benefitting favourite sectors only
KARACHI: In 2018-2019, Pakistan’s economy is at the cross road of correction or further deterioration. There are very limited choices. There are clear signals from all angles that documentation of…