Customs Quetta seizes smuggled goods worth Rs50 million
QUETTA: Quetta Customs is continuing its efficient campaign against smugglers and smuggling. A large quantity of dry fruits, sugar and urea worth Rs50 million is seized. Rakhni Field Unit at…
CCP’S ENQUIRY UNCOVERS PRIMA FACIE PRICE FIXING BY UREA PRODUCERS
ISLAMABAD: An enquiry committee of the Competition Commission of Pakistan (CCP) has concluded its enquiry and recommended the initiation of proceeding under Section 30 of the Competition Act, 2010 against…
I&I Quetta conducts successful auction of seized sugar, urea
QUETTA: Customs Intelligence and Investigation Quetta successfully conducted the auction of seized urea and sugar realizing Rs233 million, which is 110% of the Reserve Price [RP] i.e. the value of…
Customs Khuzdar large quantity of sugar, urea and flour, which was being smuggled abroad
HYDERABD: During various operations in the last three weeks, the field enforcement units of Customs Khuzdar recovered 54 metric tons of sugar, 70 metric tons of fertilizer, and 64 metric…
Customs Quetta recovers sugar and urea worth Rs60 million
QUETTA: Customs Quetta launched a crackdown against sugar smugglers and hoarders after Prime Minister, Shehbaz Sharif took notice of the artificial shortage and subsequent price hike. In the open market,…
I&I Quetta recovers large quantity of sugar
QUETTA: Customs Intelligence and Investigation Quetta has seized large quantity of sugar, which was to be smuggled abroad. In the wake of smuggling of sugar and urea to Afghanistan and…
Attempt to smuggle urea abroad foiled by Army
QUETTA: Army personnel of 40AK HAT BN seized large quantity of urea, which was being smuggled to Afghanistan. On the instructions of Colonel Qamar Abbas, Army men led by Captain…
South Korea Shows interest in Urea Import from Pakistan
Islamabad: South Korea has shown interest in importing urea from Pakistan since South Korean urea supplies have been impacted due to recent limitation on export of urea and other fertilizers…
Urea prices do not have any impact on food inflation
Karachi: The fertilizer industry is playing a critical role in ensuring food security and managing food inflation in Pakistan through adequate and affordable supply of urea at one fifth the…
Pakistan’s overall urea sales surge 8.0% in June 2019
KARACHI: Provisional fertilizer offtake for the month of June 2019 indicates that urea sales witnessed an increase of 8% YoY and 11% MoM to 659k tons. Cumulatively, urea sales surged…
Fertilizer sales surge 40 percent due to forward buying ahead of price increase
KARACHI: National Fertilizer Development Center (NFDC) released fertilizer data for the month of May’19 wherein total fertilizer offtakes clocked-in at 940k tons, depicting a hefty increase of 40%YoY whereas offtakes…
Pakistan seeks immediate import of 0.1 million tons of urea
ISLAMABAD: The Economic Coordination Committee (ECC) has Wednesday approved immediate import of 100,000 tons of urea to facilitate the farmers and meet their fertilizer demand, the Committee approved immediate import…
Fauji Fertilizer Bin Qasim (FFBL) posts 16pc decline in earnings
KARACHI: Fauji Fertilizer Bin Qasim (FFBL) has announced a net profit of Rs778.1 million for the year ended December 31, 2018, which is 16 percent lower than the profit of…
Fertilizer sales decline 32pc in November
KARACHI: NFDC released fertilizer off-take numbers for the month of November 2018 wherein total fertilizer off-takes clocked in at 853,000 tons, depicting a decline of 32% YoY. Industry urea sales for…
Urea sales decline as sowing season delayed
KARACHI: Pakistan urea sales during November 2018 were down 21% YoY taking 11M2018 sales to 5.1mn tons, down 1% YoY. “Lower sales during outgoing month were due to early procurement…
Pakistan’s overall fertilizer sales surge 24 percent
KARACHI: National Fertilizer Development Center (NFDC) released fertilizer off-take numbers for the month of October 2018, wherein total fertilizer off-takes arrived at 1.11 million tons, exhibiting an increase of 21…
Federal Budget 2016-17 brings relief to almost all sectors, custom duties reduced, strict measures against non filers proposed
KARACHI: Federal Finance Minister Senator Ishaq Dar announced relief and special measures for almost all sectors of economy besides a substantial increase in salaries of Federal government employees, pensioners while…