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 Chambers of Commerce and Industry has said that implementation of the honourable court decision is mandatory, appealing for leniency by… Continue reading

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 alleviation of adverse impact of this global pandemic on our nation, in particular the agriculture sector which remains the largest… Continue reading

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 has decided to fully pass on the benefit of change in GIDC rates by announcing a 160/bag reduction in urea… Continue reading

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, total industry production rose 15%YoY to 726k tons during September 2019 as compared to 631k tons recorded during corresponding month… Continue reading

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 economy is inevitable. This step, in the present state of affairs at times, unnerves the business community, in principle, for… Continue reading