Engro Corporation saw a decline in its profit during 9MCY24
Engro Corporation Limited (ENGRO) announced its 9MCY24 financial result with a consolidated profit after tax of PKR 11,983mn (EPS: PKR 22.33), a 48% decline YoY. On a quarterly basis, the…
Fatima Fertilizer implements the SDG impact framework in Pakistan
Fatima Fertilizer has become the first company in Pakistan to officially partner with the United Nations Development Programme (UNDP) by adopting the SDG Impact Framework. This milestone marks a significant…
Mitchells Fruit Farms sold 7 acres of land in Renala Khurd for PkR350mn
Mitchells Fruit Farms Limited (MFFL) held its analyst briefing to discuss FY24 results and its future outlook. The following are the key highlights: MFFL posted a profit of PkR456mn (EPS:…
Women Agricultural Workers’ Rights in Focus at 17th annual rural women leadership training conference
In collaboration with PODA, awazCDS-Pakistan and Pakistan Development Alliance (PDA) hosted a critical session on Women's Agricultural Workers' Rights as part of the 17th Annual PODA Rural Women Leadership Training…
Telenor Pakistan signs MoU with Crop2X to revolutionize agriculture with data-driven solutions
Telenor Pakistan has signed a Memorandum of Understanding (MoU) with Crop2X, a leading agritech company, to empower farmers and agricultural companies with advanced, data-driven crop monitoring solutions. This strategic partnership…
Fatima Fertilizer Company and ZTBL join hands to provide financial access for smallholder farmers
Fatima Fertilizer Company Limited and Zarai Taraqiati Bank Limited (ZTBL) have entered into a groundbreaking partnership to promote financial inclusion and support for smallholder farmers in Pakistan. This collaboration aims…
EFERT to post a profit after tax of PKR 14,702mn for 9MCY24:AHL Research
Engro Fertilizer Limited (EFERT) is expected to announce the financial result for 9MCY24 on 14th Oct’24. We expect the company to post a profit after tax of PKR 14,702mn (EPS:…
Fatima Fertilizer received the prestigious FPCCI Award
Fatima Fertilizer was uniquely recognized as the Best Innovative Agricultural Products Company by the President of Pakistan at the 12th Excellence Awards of the Federation of Pakistan Chamber of Commerce…
Engro Fertilizers launches UgAi app
Engro Fertilizers has launched “UgAi”, the first integrated agri e-commerce platform of Pakistan, to offer farmers relief by enabling direct purchase of fertilizers at official prices from the Company. In…
Chief Minister of Sindh inaugurated the First Pakistan International Date Palm Festival, 2024
Murad Ali Shah, Chief Minister of Sindh, inaugurated the First Pakistan International Date Palm Festival in Karachi today in the presence Mr Kamran Tessori, Governor of Sindh and Mr Hamad…
Al-Ghazi Tractors launches high-performance, fuel-efficient NH-850 tractor.
Al-Ghazi Tractors Limited launched its latest product, the New Holland NH-850. The 85-horsepower engine tractor is designed to set new standards in modern farming. The exclusive launch event, hosted at Pearl…
Pakistan may record a fall in urea sales in September due to seasonal factors
Pakistan's urea sales in September 2024 are expected to be 365k tons, down 35% year over year compared to 564k tons in September 2023. According to our channel checks, the…
Mobilink Bank introduces climate insurance to protect agri-borrowers from climate risks in Pakistan
Mobilink Bank, Pakistan’s leading digital microfinance bank, has introduced Climate Shock Insurance to protect small and medium-scale farmers and livestock owners from the escalating risks of climate change. Under the…
Engro Fertilizers strengthens dealer and farmer partnerships for agricultural progress
Engro Fertilizers Limited, one of Pakistan’s leading fertilizer manufacturers, hosted a meeting in Depalpur for dealers and farmers to address key agricultural sector challenges and explore innovative growth solutions. The…
Fruit waste can revive Pakistan textile industry: Mujeebullah Khan
A team of scientists from the National Textile University successfully extracted fibre from banana bark. It made it usable for the textile industry, opening up new possibilities for Pakistan's troubled…
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…