LAHORE - Fertilizer sector has invested $2.3 billion in last 4 years making Pakistan self-sufficient in urea production and earned huge profit despite gas supply suspension for a long time.Industry circles said that with consistent gas supply to urea plants, the new government of the PML-N can ...

lahore - The new government of the Pakistan Muslim League-Nawaz will divert gas supply from fertilizer plants to power sector as a short-term solution to lessen electricity loadshedding in the country especially in Punjab as the province has been experiencing worse power breakdowns and industries ...

lahore - Fertilizer sector starts CY13 with bumper surge in the profitability in comparison with the corresponding period last year. This took place due to better availability of gas for ENGRO along with the efficiency from diversion of gas to EnVen. Besides, less curtailment on SSGC network for ...

ISLAMABAD : Caretaker Federal Minister for Petroleum & Natural Resources Sohail Wajahat H. Siddiqui in a meeting has proposed to cut the gas subsidy to fertilizer plants which would cause further increase in the fertilizer gas price hike  The exercise is said to be aimed at bringing ...

ISLAMABAD - The Competition Commission of Pakistan (CCP) has imposed a penalty of Rs 8.64 billion on leading fertilizer manufacturing companies - Engro Fertilizer Limited (EFL) and Fauji Fertilizer Company Limited (FFC) - for abuse of their dominant position through unreasonable price increase.The ...

KARACHI - The gas supply to four Sui Northern Gas Pipelines Limited (SNGPL)-based fertilizer plants has reduced substantially as compared to already curtailed supplies of 2011. Therefore, even though there is sufficient capacity in the country, about 1.4 million tons of urea is needed to be ...

ISLAMABAD - A sub-committee of the Economic Coordination Committee (ECC) of the cabinet has given its approval to ensure gas supply to fertilizer plants during ongoing winter season; it has reliably been learnt on Sunday.Sources informed TheNation that during winter supply of 75mmcfd of gas would ...

LAHORE - The fertilizer offtake has drastically been declined by 65 per cent to 199k tons in the month of Feb. National Fertilizer Development Centre’s (NFDC) report for February shows that urea offtake was down by 61 per cent YoY to 160k tons in February with majority of it being sold by ...

LAHORE – The fertilizer industry has remained the best performer at the capital market, as it has surpassed all sectors in terms of paying ‘return on equity’ to its shareholders.The urea manufacturers, who have always been managing to avail smooth gas supply at subsidized rates ...

KARACHI - Stocks closed bullish in the earnings announcement session at the KSE, led by oversold oil & fertilizer scrips on strong valuations. The benchmark KSE 100-share index increased by 76.30 points or 0.64 percent to close the day at 11,960.22 points as compared to 11,883.92 points of a ...

Noor Ilahi Atif NOORPUR THAL - Following numerous complaints regarding the black-marketing and artificial shortage of fertilizer, the District government has taken action against those elements involved in such practices. Talking to The Nation, Khushab DCO Mehr Sultan Ahmed said that the government ...

LAHORE - Meezan Bank Ltd has arranged a Rs 4.8 billion syndicated Islamic Finance Facility for DH Fertilizers Limited. DH Fertilizers is amongst Pakistan’s leading fertilizer manufacturers and a wholly owned subsidiary of the Dawood Hercules Corporation, (formerly Dawood Hercules Chemicals ...

LAHORE - Fertilizer offtake for the month of November 2011 showed a decline of 5 percent in overall fertilizer offtake to 7.4m tons during 11M2011. The NFDC data shows that significant drop of 41 percent YoY in November 2011 sales due to lower opening inventory stood as a major culprit behind ...

LAHORE – Washington has assigned a ‘Mission Impossible’ to Islamabad if the latter is interested in obtaining $700 million aid by attaching it with the control of Calcium Ammonium Nitrate or fertilizer smuggling to Afghanistan. While experts in Pakistan call it as totally ...

KARACHI (APP) - President Asif Ali Zardari on Saturday advised the Sindh government and the National Fertilizer Corporation (NFC) to provide fertilizer to farmers on top priority in rain affected areas to ensure timely cultivation of Rabi crop. Chairing a meeting on fertilizer requirement for Rabi ...

ISLAMABAD - Urea fertilizer manufacturers are selling the product at a much costlier price which is not justified as they get special discounted rates for the gas supplied to them to produce urea. At present different companies are charging different rates and the product is being sold at price ...

LAHORE - Fertilizer sector is facing horrible gas shortage which is resulting in production losses as the sector has produced 6.79 percent lower urea to 2.35m tons in 1HCY11 as against 2.52m tons produced same period last year. Urea off take were also seen down by 11.80 percent to 2.67m in 1HCY11 ...

LAHORE The shortage of fertilizer would be detrimental for Khareef crops including sugarcane, cotton and rice while Federal government would be held responsible for gas shortage. Local fertilizer companies should be supplied with natural gas and 100 per cent gas tariff hike should be withdrawn ...

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 ...

ISLAMABAD - While the urea manufacturers and traders are looting the farmers by selling products on inflationary price, Secretary Industries has turned a deaf ear to the repeated calls of farmers that the producers must be made bound to print price tag on the fertilizer bags. President Agri Forum ...

ISLAMABAD - The representatives of fertilizer industry Tuesday assured the Government that they would take the recent price hike back if gas supply was restored to this sector. They clarified that the price increase on fertilizer prices was due to the 45 days winter gas loadshedding instead of 30 ...

KARACHI - Grain and Fertilizer Terminal, the first of its kind in the private sector of Pakistan, is ready to become operational at Port Qasim. The objective of the terminal is to operate and handle bulk cargoes at Port Qasim Authority (PQA) including all types of fertilizers, urea and fertilizer ...

ISLAMABAD - Fertilizer man-ufacturers have criticised Ministry of Petroleum and Natural Resources for prolonging gas cut to fertilizer sector and giving priority to power sector regarding gas allocation. Well-placed sources in the Ministry of Industries and Production have informed that in a ...

ISLAMABAD - In order to resolve the concerns of the fertilizer producers, Ministry of Industries and Production agreed to review the decision with regard to restoring of gas supply to the fertilizer industry, however the ministerial committee would take final decision in next week in this regard. ...

KARACHI (PPI) - Fauji Fertilizer Company, the countrys biggest urea maker, says its profit in six months ended June 30, 2010 rose to Rs 5.1 billion from Rs 4.55 billion and sales rose to Rs 19.9 billion from Rs 16.9 billion. In a communication Thursday to Karachi Stock Exchange, Fauji Fertilizer ...

The Pentagon says it is working to halt fertilizer shipments from Pakistan that are used to make bombs, as some 3,500 mine detectors were being dispatched to Afghanistan. The detectors were an urgent request from commanders overseeing the last of 30,000 new U.S. troops expected in Afghanistan by ...

KARACHI - Though the fertilizer sectors Calendar Year 2009 operational and financial performance turned out to be remarkable as the country achieved 6.4m ton off-take for the first time ever, yet such growth is expected to normalise during Calendar Year 2010. Moreover, add'l capacities during the ...

ISLAMABAD - Fertilizer manufacturers and traders mafia is looting farmers by charging Rs 850 or more for one bag of urea against the government announced price of Rs 750 per bag. While these money seekers are looting innocent farmers, the federal government is just sleeping and taking no action ...

ISLAMABAD (APP) - The Competition Commission of Pakistan (CCP) on Tuesday issued show cause notices to the fertilizer companies for abuse of dominance. This was disclosed by Chairman CCP Khalid Mirza while talking to a group of journalists here at his office today. We have issued show cause notices ...

KARACHI - The Sindh province likely to face shortage of the fertilizers especially Urea during upcoming Rabi season, growers told The Nation. Just after plantation, the wheat and cotton crops of Rabi season need urea fertilizer during first watering, growers said, adding that fertilizer dealers ...