EPCL launches hydrogen peroxide business with Rs 12 billion investment in new plant

Engro Polymer & Chemicals (EPCL), a subsidiary of Engro Corporation, has successfully commissioned its Rs 11.7 billion hydrogen peroxide plant, marking a major milestone in undertaking investments that drive Pakistan’s…

Continue ReadingEPCL launches hydrogen peroxide business with Rs 12 billion investment in new plant

EPCL – 4QCY24 Result Review — Tax reversal & improved margins drive profitability

Engro Polymer & Chemicals Ltd. (EPCL) announced its 4QCY24 financial results, wherein the company reported consolidated earnings of PkR2.1bn (EPS: PkR2.3), a 40%YoY decline from PkR3.5bn (EPS: PkR3.7) in SPLY.…

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Engro Fertilizers sets up Markaz Centres for quality fertilizers and services for farmers

To support the government’s efforts to ensure the availability of high-quality fertilizers at official prices, Engro Fertilizers has inaugurated a Markaz Centre in Muridke. With this addition, the Company now…

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PRL has already spent US$50mn for feed study for the upgradation and expansion project.

Pakistan Refinery Ltd. (PRL) held its corporate briefing session today to discuss FY24 financial results and provide insights on the future outlook. Key takeaways from the call are as follows:…

Continue ReadingPRL has already spent US$50mn for feed study for the upgradation and expansion project.

PCA raised concerns about the economic impact of the Petroleum (Amendment) Act 2023.

Mr. Muhammad Yousuf, the former Senior Vice Chairman of the Pakistan Coating Association (PCA) and a senior member of the FPCCI, has raised concerns about the severe economic consequences of…

Continue ReadingPCA raised concerns about the economic impact of the Petroleum (Amendment) Act 2023.

Fatima Fertilizer, in partnership with UNDP, to adopt the SDGs Impact Framework

Fatima Fertilizer has the distinct honor of becoming the first private sector entity in Pakistan to partner with the United Nations Development Programme (UNDP) by adopting the SDG Impact Framework.…

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Pakistan saw urea offtake declined but DAP increased in October 24 amid surge in proudction: IMS Research

NFDC reported October 2024 urea offtake at 358,000 MT, down 22% YoY from 459,000 MT SPLY. While offtakes declined, production increased by 10% YoY, leading to the highest inventory buildup…

Continue ReadingPakistan saw urea offtake declined but DAP increased in October 24 amid surge in proudction: IMS Research

Fauji Fertilizer Company expects the Mari’s gas prices to remain unchanged.

Fauji Fertilizer Company Limited held its corporate briefing today to discuss the financial results 9MCY24 and the future outlook. Key highlights of the briefing are as follows: Total urea offtake…

Continue ReadingFauji Fertilizer Company expects the Mari’s gas prices to remain unchanged.

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…

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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…

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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…

Continue ReadingFatima Fertilizer posts record performance in first half of 2024