KARACHI - BNY Mellon, the global leader in asset management and securities servicing, has been selected by Fatima Fertilizer Company Limited as the depositary bank for its American Depositary Receipt (ADR) program. Fatima ADRs will be traded on the over-the-counter (OTC) market in New York under the symbol FTMFY. Fatima Fertilizers ordinary shares trade on all the three Stock Exchanges (Karachi, Lahore and Islamabad) in Pakistan. SEC of USA conveyed that the filing is in order and the program can proceed, says a press release. Fatima Fertilizer Company Limited was incorporated on December 24, 2003, with the objective of setting-up a fully integrated fertilizer complex, capable of producing two intermediate products ie Ammonia and Nitric Acid and four final products which are Nitro Phosphate (NP), 360K MT per annum, Nitrogen Phosphorous Potassium (NPK), 300K MT per annum Calcium Ammonium Nitrate (CAN), 420K MT per annum and Urea, 500K MT per annum at Mukhtar Garh, Sadiqabad. The complex also includes 56 MW captive power plants in addition to off-sites and utilities. The Company has been allocated 110 MMCFD of gas from the dedicated Mari Gas fields. On completion, total cost of the Fatima Project will be around $ 750 million.