Engro Holdings saw profits continue to reflect structural changes
Engro Holdings reported a consolidated PAT of PKR 107bn (Owner’s share: PKR 56bn); EPS PKR 46.20 vs 26.78 last year. However, much of this increase is due to a one-off…
ENGROH 4QCY25 Result Review — earnings come to PKR13.6bn
Engro Holdings Ltd. (ENGROH) announced its 4QCY25 results, reporting consolidated earnings of PkR13.6bn (EPS: PkR11.3) compared to PkR9.6bn (EPS: PkR8.0) in SPLY, up 41%YoY. Earnings came in above our expectations,…
Pakistan Tobacco Company – a review report
Pakistan Tobacco Company Ltd (PAKT), a subsidiary of British American Tobacco, holds a 36% market share. With illicit cigarettes accounting for 55% of the market, ongoing enforcement measures could enable…
Mangla refurbishment to enhance Power Station’s capacity to 1310 MW
Chairman WAPDA Lt Gen Muhammad Saeed (Retd), during his visit to Mangla Hydel Power Station, was briefed that the Mangla Refurbishment Project is progressing ahead with a steady pace. As…
NFDC data shows, total fertilizer offtake in Jan’26 stood at 326k tons
According to the latest NFDC data, total fertiliser offtake in Jan’26 stood at 326k tons, down 81% MoM and 49% YoY. The sharp decline in urea offtake is largely attributable…
Governor SBP calls for scaling up Zarkheze to expand agricultural credit outreach
The State Bank of Pakistan (SBP) held the Agricultural Credit Advisory Committee (ACAC) meeting today in Karachi to review agricultural credit performance and discuss measures to strengthen inclusive and resilient…
Efert reports a consolidated PAT of PKR 22.6 billion for CY2025, with a final cash dividend of Rs. 4 per share.
Engro Fertilisers Limited has released its financial results for the year ended December 31, 2025, announcing a final cash dividend of Rs. 4 per share, representing 40%. This dividend is…
Al-Ghazi Tractors has signed an MoU with Green Agrimall to enhance agricultural mechanization
Al-Ghazi Tractors Limited, one of Pakistan’s leading tractor manufacturers, has signed a strategic Memorandum of Understanding with Green Agrimall at Al-Ghazi’s Lahore office to strengthen farmer access to mechanisation solutions…
Faysal Bank & Waseela Pakistan partner to fast-track Shariah Financing for farmers
Faysal Bank Limited (FBL), Pakistan’s leading Islamic bank, and Waseela Pakistan, an operator of integrated agricultural ecosystems, have signed a Memorandum of Understanding (MoU) to facilitate fast-track, Shariah-compliant financing for…
Sona Centre has successfully organised a Kissan Convention
Sona Centre, a leading agricultural input supply channel, has successfully organised a Kissan Convention at Faletti’s Hotel, Lahore. Sona Centre serves as a sustainable balancing force, empowering small to medium-scale…
Pakistan is expected to experience a decline in urea sales in January 2026
According to a report by Topline Pakistan Research, Pakistan’s urea sales have reached a staggering low, with January 2026 figures showing just 218,000 tons sold, marking an 84% month-on-month drop…
HBL Zarai approved Asaan Digital Zarai Qarza Scheme
The State Bank of Pakistan (SBP), through the Pakistan Banks Association (PBA), has conveyed its no objection to onboarding HBL Zarai Services Limited (HBL Zarai) as an approved Agricultural Services…
FFC announces annual Final Results for the Year 2025
Fauji Fertilizer Company Limited (FFC) has announced its financial results for the year ended December 31, 2025, in its Board of Directors meeting held on January 29, 2026. The fertiliser…
FFC reports 4QCY25 earnings below expectations due to rising costs; shares hit a lower lock.
Fauji Fertiliser Company Ltd. (FFC) has released its financial results for the fourth quarter of calendar year 2025, revealing standalone earnings of PKR 15.9 billion, or PKR 11.2 per share.…
BMA Research predicts that the fertiliser industry’s earnings for CY25 will increase by 15% YoY
We project that earnings across the BMA Fertiliser universe will rise by 15% YoY to PKR 149bn in CY25. The growth is expected to be supported by an 18% YoY…
Pakistan Fertilisers sector profits are likely to up 52% QoQ in 4Q2025
We anticipate that earnings in the Topline Fertiliser sector will increase by 52% quarter-over-quarter (QoQ) and 44% year-over-year (YoY) in the fourth quarter of 2025 (4Q2025), primarily driven by unprecedented…
FATIMA – An emerging conglomerate
We initiate coverage on Fatima Fertiliser Company Limited (FATIMA) with a BUY rating. Our target price of PKR 230.36 per share for December 2026 suggests a 42% upside from the…
HBL Zarai launches “Khushiyan Da Mela”
HBL Zarai Services Limited, a wholly owned subsidiary of HBL, has launched a landmark rural engagement initiative titled “Khushiyan Da Mela” (Festival of Happiness), a first of its kind agriculture…
Pakistan saw seasonal demand and discounts drive fertilizer grwoth in December 2025
According to AHCML Research, recent data from the National Fertiliser Development Corporation (NFDC) indicates a significant surge in fertiliser off-take, with December 2025 closing with total sales reaching 1,752k tons.…
Wheat shortages and curbs pose a threat to food security in Pakistan
A deepening flour shortage is tightening its grip across Pakistan as wheat scarcity, movement restrictions, and unequal distribution policies push prices beyond the reach of the majority. With open market…
Illegal cigarette networks shift tactics faster than enforcement
Pakistan’s efforts to curb illicit cigarette trade continue to face new challenges as illegal manufacturers and distributors rapidly adapt to enforcement measures, creating a “moving target” for authorities. Despite recent…
WAPDA generates 33.12 billion units of Hydel Electricity
Outgoing 2025 proved to be a satisfactory year for the Hydropower and Water Sectors in Pakistan. WAPDA consistently contributed large quantities of clean, green, and low-cost hydel electricity to the National Grid and achieved…
IFC, Standard Chartered Pakistan and Engro Fertilizers announce ‘first of its kind’ Rs 33.6 billion financing to support farmers
IFC announced its first PKR-denominated investment via an unfunded Partial Credit Guarantee of up to PKR 33.6 billion (approximately US$120 million equivalent) to support a long-term PKR-denominated financing from Standard…
Pakistan launched the Zarkheze digital platform, designed to revolutionize agricultural financing
The Finance Division of the Government of Pakistan, in collaboration with the State Bank of Pakistan (SBP) and the Pakistan Banks Association (PBA), has launched Zarkheze, a digital platform designed to…
Fatima Fertilizer and IFC announce US$60m facility to support food security in Pakistan
Fatima Fertilizer Company Limited and IFC, a member of the World Bank Group, announced a renewable liquidity facility of US$60 million per year to help maintain uninterrupted domestic fertilizer production…