KARACHI: Engro Corporation, Pakistan’s premier business conglomerate, has commenced office operations of its wholly owned subsidiary, Engro Eximp FZE, in the Jebel Ali Free Zone, Emirate of Dubai.
Engro Eximp FZE will explore potential trading opportunities in the energy, fertilizers, petrochemicals and food & agriculture sectors.
Ghias Khan, President & CEO of Engro Corporation said: “With a vision to expand the Group’s footprint outside Pakistan, we have opened our trading company in Dubai. Through its trading activities, Engro Eximp FZE will aim to create more export engines for sustainable economic growth.”
He added that this business will help leverage the enormous supply potential of Pakistan to tap the rising GCC demand.
The Group’s strategic partnerships and global alliances provide Engro Eximp FZE the foundation to grow and establish its brand internationally.
Engro Polymer & Chemicals (EPCL) has become the first affiliate member from Pakistan to join the World Economic Forum’s (WEF) Global Plastic Action Partnership (GPAP), as part of its sustainability efforts to promote the circular economy and contribute to achieving zero plastics waste.
Engro Fertilizers, Pakistan’s premier seed-to-harvest solutions provider, hosted an insightful dialogue at Expo 2020 Dubai to highlight the food security situation in the Gulf and the potential partnership opportunities with Pakistan to overcome the regional food security challenges. The panel comprised global agricultural and industry experts including Dr. Abdul Rashid (IFA Laureate), Charles Schneider (International Finance Corporation), Ayman Alwadhy (The Corporate Group, UAE), Wasim Halabi (Foodco National Foodstuff Co PJSC), Fredric Favre (MAS Seeds, France) and Khusrau Nadir Gilani (Engro Fertilizers).
Engro Corporation (PSX: ENGRO) on Thursday announced 19.27 per cent growth in profit after tax for the year 2021. According to financial results submitted to the Pakistan Stock Exchange (PSX), the company has declared profit after tax at Rs52.61 billion for the year 2021 as compared with Rs44.11 billion in the last year.