Banana waste is the future of Pakistan’s textile industry.
Former President of the Islamabad Chamber of Commerce and Industry (ICCI), Dr. Shahid Rasheed Butt, said on Sunday that the performance of the export sector is disappointing. He said that…
Pakistan Fertilizer – Dividend yields remain attractive despite declining offtakes
Fertilizer offtakes declined due to extended monsoon rains and deteriorating farmer incomes. Urea sales dropped by 14% year over year in August ’24, and DAP sales plummeted by 66% year…
Millat Tractors posts earnings of Rs9.9bn (EPS of Rs51.7)
Millat Tractors Limited (MTL) announced its 4QFY24 result today. The company recorded a profit of Rs2.06bn (EPS of Rs10.73), up 65% year over year. However, the result was lower than…
Shan Foods’ Kunri initiative contributes to a greener future in Sindh
In a remarkable step towards incentivizing sustainable agricultural and community uplift practices, Shan Foods has unveiled Growing Flavor, an initiative curated and developed within the Kunri Tehsil in Sindh to…
Fertilizer companies are likely to record good sales in August 2024.
Pakistan’s urea sales in August 2024 are expected to be 555k tons, down 15% YoY compared to 650k tons in August 2023. Owing to rains, the same is expected to…
Fatima Fertilizer posts record performance in first half of 2024
Fatima Fertilizer Company Ltd. (FATIMA), one of Pakistan’s leading fertilizer producers, has reported its highest-ever production volumes for the first half of 2024, with consolidated earnings reaching PKR 13.58 billion…
Philip Morris completes Skills Training Project
Philip Morris (Pakistan) Limited – PMPKL Leaf (PK-Leaf) completed another round of Skills Training Project (‘Project’) for the year 2024. Every year, PK-Leaf undertakes a Project for the children of…
Al-Ghazi Tractors empowers women in Agriculture
Al-Ghazi Tractors Limited, in collaboration with the Agriculture Department, Government of Sindh, proudly announces the successful completion of the transformative "Khud Mukhtar Baa Waqar" workshop, held from August 20th to…
ENGRO’s other income jumped 72% year over year during 2QCY24
Engro Corporation Limited (ENGRO) announced its 1HCY24 financial result with a consolidated profit after tax of PKR 6,261mn (EPS: PKR 11.67), a 42% decline YoY. On a quarterly basis, the…
Zindigi Partners with Local Government to Digitize Waste Management Companies
Today, a significant milestone was achieved in Lahore by signing Memorandums of Understanding (MOUs) between Zindigi- Powered by JS Bank and the Waste Management Companies across Punjab. Punjab Minister for…
Descon Engineering has successfully completed the EnVen Project at the ENGRO Fertilizer Plant
Descon Engineering has successfully completed the EnVen Project at the ENGRO Fertilizer Plant (EFERT) in Dharki, Pakistan. In recognition of this accomplishment, senior management from EFERT, including Mr. Syed Shahzad…
Pakistan’s dairy industry termed an 18% sales tax on packaged milk detrimental.
FrieslandCampina Engro Pakistan Limited (FCEPL) announced its financial results for the year's first half, concluding on June 30th, 2024. Despite a challenging economic environment, the Company achieved 17% growth (revenue…
Pakistani agricultural commodities would cross more than $10 billion by June 2026
Federal Commerce Minister Jam Kamal Khan hoped employer organizations would work harmoniously to promote business relations and invest in other countries. The initiative taken by EFP and FUE will surely…
Pakistan will ensure gas for fertilizer plants instead of urea imports.
According to a bidder who participated in the Trading Corporation of Pakistan's 150,000 metric tonnes of urea tender, Islamabad declined to approve the import of urea, instead preferring to supply…
Fauji fertilizer group increasing its market share from 46% to 52%
Fauji Fertilizer Group (FFC+FFBL) held its corporate briefing today to discuss the financial results 1HCY24 and the future outlook. Key highlights of the briefing are as follows: Total urea offtake…
Al-Ghazi Tractors Reassures Operations Amidst Industry Crisis
Karachi, Pakistan – Al-Ghazi Tractors Limited (AGTL), a leading producer of New Holland tractors in Pakistan, has issued a statement addressing recent concerns about the tractor industry's potential shutdown due…
WAPDA is all set to diversify the Swat River at the Mohmand Dam Hydropower Project
WAPDA is all set to diversify the Swat River at the Mohmand Dam Hydropower Project, as the diversion tunnels have been completed. The project team is likely to divert River…
Embassy of Pakistan in the Netherlands contributes to the resounding success of FoodAg 2024
The Embassy of Pakistan in the Netherlands is proud to announce its significant contribution to the success of FoodAg 2024, an international exhibition held in Karachi from August 9-12. The event,…
Punjab Government to provide subsidized tractors to farmers
The Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) has lauded Maryam Nawaz's recent agricultural initiative to provide subsidized tractors to farmers in Punjab. In a recently held executive…
Pakistan agri-food exporters signed $434 million worth of MoUs during two days at FoodAg20024.
Pakistan's record-breaking MoUs worth $ 434 million signed at FoodAg20024 mark a significant step towards a promising future. With a target of $ 60 billion in exports in the next…
REAP and TDAP mark $4 billion milestone with sustainable celebration
The Rice Exporters Association of Pakistan (REAP), in association with The Trade Development Authority of Pakistan (TDAP), proudly announces a landmark celebration commemorating a USD 4 billion export achievement milestone.…
FoodAg 2024 draws strong participation from foreign delegates, who booked orders of US$ 541 million.
The second edition of FoodAg 2024, a flagship event of the Trade Development Authority of Pakistan (TDAP) and the Ministry of Commerce, was inaugurated by the Prime Minister of Pakistan,…
Pakistan’s tractor industry faces shutdown as Paapam seeks Prime Minister’s intervention
The Pakistan Association of Automotive Parts & Accessories Manufacturers (Paapam) has announced that the tractor industry is on the brink of a complete shutdown due to the Federal Board of…
Curtain raiser tomorrow FOODAg-2024, TDAP expects a business of over $1 billion.
According to the Trade Development Authority of Pakistan (TDAP), the 2nd edition of the International Food and Agriculture Exhibition, FOODAg-2024, is scheduled to be inaugurated tomorrow from August 9th to…
EFERT: Base plant on a 5-day unscheduled maintenance
Engro Fertilizers Ltd. (EFERT), in their recent notice, announced the unscheduled maintenance of the base plant. The tentative duration of this forced outage will be five days. We expect this…