Islamabad, April 27, 2024 – In a bold move that has stirred significant controversy, Federal Minister for Industries and Production, Rana Tanveer Hussain, has called out Fatima Fertilizer Limited for its recent unilateral decision to hike the price of Sarsabz Urea by Rs 561 per bag.
Islamabad, April 2, 2024 – The Competition Commission of Pakistan (CCP) has taken decisive action against the Fertilizer Manufacturers of Pakistan Advisory Council (FMPAC) and six major fertilizer companies for allegedly engaging in price fixing practices regarding urea, a move that could have far-reaching consequences for both farmers and consumers.
Karachi, March 7, 2024 – Fertilizer manufacturers in Pakistan are urging the government to create a level playing field by eliminating discriminatory gas pricing, a move they believe will foster new investments, enhance efficiency, and guarantee ample urea availability for the country’s farmers.
Karachi, September 07 – In a significant development, Pakistan finds itself as the only country among the top five global urea consumers—comprising China, Brazil, the USA, and India—that is not actively investing in expanding its production capacity over the next five years. This situation has emerged despite Pakistan facing a rapidly growing population.
LAHORE: Avanceon Limited on Tuesday announced that it partnered with Compressor Controls Corporation (CCC) to upgrade a fertilizer company. In a communication sent to Pakistan Stock Exchange (PSX) Avanceon Limited said it had partnered with Compressor Controls Corporation (CCC) to retrofit a high value upgradation project for the one of the largest fertilizer companies in […]
ISLAMABAD: The Federal Board of Revenue (FBR) on Tuesday made tax stamps mandatory for packing and supply of fertilizer bags. The FBR issued Sales Tax General Order (STGO) No. 15 of 2022 to implement track and trace system under SRO 250/2019 related to fertilizer bags. The FBR said that the provisions of Section 40C (2) […]
ISLAMABAD: Economic Coordination Committee of the Cabinet (ECC) on Wednesday decided to impose ban on export of wheat and related products in order to control prices in the local market. Adviser to Prime Minister on Finance and Revenue, Dr. Abdul Hafeez Shaikh, chaired the meeting of the ECC. A report on the wheat situation in […]
ISLAMABAD: The agriculture has posted meagre 0.85 percent growth in 2018/2019 against the target of 3.8 percent, said Economic Survey 2018/2019 on Monday. It said that the performance of agriculture during 2018/2019 remained subdued. The under-performance of agriculture sector hinged upon reduction in the area of cultivation, lower water availability and drop in fertilizer off […]