Karachi, June 5, 2025 – Engro Fertilizers Limited, one of Pakistan’s leading fertilizer manufacturers, has announced an unscheduled shutdown of its EnVen plant due to maintenance requirements.
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Engro Fertilizers reports 63% decline in profit for 1QCY2025
Karachi, April 22, 2025 – Engro Fertilizers (EFERT), one of Pakistan’s leading fertilizer producers, reported a steep 63% year-on-year decline in its after-tax profit for the first quarter of calendar year 2025.
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Engro Fertilizers Completes Largest EnVen Turnaround
Karachi, June 21, 2024: Engro Fertilizers has successfully completed the largest-ever scheduled maintenance activity of its EnVen Plant, wrapping up the 55-day turnaround on June 18, 2024.
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Engro Fertilizers Engages Dealers to Ensure Fair Urea Pricing
Karachi, March 15, 2024 – In a concerted effort to align with the government’s directives and ensure fair pricing and availability of urea, Engro Fertilizers has initiated dialogues with its dealers, urging them to adhere strictly to company guidelines.
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Engro Fertilizers welcomes gas tariff revision
Karachi, February 20, 2024 – Engro Fertilizers welcomes the fact that the government has taken a bold first step by removing the subsidy for fertilizer manufacturers that get their gas from the SNGPL network, which represents 60% of all fertilizer manufacturing capacity.
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Engro Fertilizers Sets New Record of Urea Production in 2023
Karachi, February 16, 2024 – Engro Fertilizers, Pakistan’s leading seed-to-harvest solutions provider, announced a historic achievement with a record urea production of 2.3 million tons in 2023.
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Engro Fertilizers Achieves Record Quarterly Profit of Rs9.6 Billion
Karachi, October 12, 2023 – Engro Fertilizers (EFERT) has reported its financial results for the third quarter of 2023, posting the highest consolidated quarterly profit in its history at Rs9.6 billion.
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Super Tax Shock: Engro Fertilizers Limited Witnesses Slump in 2Q2023 Profits
Karachi, July 31, 2023 – Engro Fertilizers Limited (EFERT) faced a setback in its earnings as the implementation of the super tax adversely impacted its financial performance.
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Engro Fertilizers organizes seminar to enhance food security
KARACHI: Engro Fertilizers, Pakistan’s premier seed-to-harvest solutions provider, has organized mega farmer seminars in Bahawalpur, Kabirwala, and Hafizabad, to support the Government of Punjab’s “Grow More Wheat” initiative for enhanced food security and farmer productivity in the country.
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Fertilizer industry provides Rs900 bn benefit to farmers
KARACHI: Fertilizer industry is providing benefit of Rs900 billion to farmers through the provision of urea at significant discount.
The local fertilizer Industry is providing urea at around 84 per cent discount, equivalent to Rs9,823 per bag, and is expected to enable import substitution of $5.3 billion in 2022.
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Discussing the latest business results and future outlook in first quarter analyst briefing, Imran Ahmed – Chief Financial Officer of Engro Fertilizers shared that the fertilizer sector is passing on a benefit of Rs900 billion per annum to farmers through the provision of urea at significant discount to current global prices.
Over the last 10 years, the industry is passed on benefit of over Rs1.4 trillion to the farmers through lower urea prices. This amount is four times higher the benefit that industry has received through gas pricing under the Fertilizer Policy 2001.
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At the same time, the industry has been playing a significant role towards reducing the country’s trade and fiscal deficit as the country is self-sufficient in urea production.
In the last annual general meeting of the Company, shareholders expressed concerns over the sharp disparity between international and local urea prices. Shareholders further added that the company has been losing shareholders’ value by pricing urea at a significant discount to import parity.
Imran Ahmed emphasized that urea demand has increased by 17% in Q1 2022 compared to the same period last year.
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The Company’s research indicates that, as per crop mix and cultivated area for the first quarter, there has been an estimated increase of 2% in agronomic demand.
He added that this situation may in part be due to advance buying by the farmers, but also indicates a strong probability of product movement across border emanating from significant disparity among local and international urea prices.
Imran also highlighted the challenges faced by fertilizer industry, including recoveries of outstanding subsidy and sales tax receivables from the Government, disallowances made under Income & Sales Tax for sales to unregistered dealers, and FBR clarification on Concessionary custom duty withdrawing the concession / relief given earlier.
READ MORE: Engro Corp declares 32% revenue growth
He also stated that continued Government support will be required to resolve these pressing matters, which will allow Engro Fertilizers to continue to play its role in transforming the agricultural landscape of Pakistan and to ensure long-term food security of Pakistan.