Monday, October 26, 2026 · Petrol Rs 377.71 · USD/PKR 277.05 · Gold Rs 424536/tola
Breaking
Asif Khaliq drives blue-eyed Chaiwala Arshad Khan’s London success Munir and Naqvi Join Makkah Pact Talks in Tehran Iran Says the Border Is Open as Pakistan Ships LPG by Sea Six Militants and Two Soldiers Killed in DI Khan Imran Khan’s Sisters Held for Another 30 Days Rights Commission Calls for the KP Emergency to End Makkah Pact Officials Head to Tehran for Security Talks Riyadh Airport Partly Reopens Two Weeks After Attack Indian Duty-Free Access Threatens Pakistan’s Textile Edge Peshawar Begins Polio Drive for 1.11 Million Children KSE-100 Loses 4,045 Points Over the Week Task Force Asks Industry for Export Proposals PTI Weighs Talks Against Protest Over KP Seven of One Family Killed in Murree Road Accident Mir Raza’s Father Asks for a JIT Member to Be Replaced Pakistan Rejects a $490m Loan as Too Expensive Minister Seeks Loan Rescheduling as Rates Bite at 25pc 31,000 Consumers Denied the Petrol Subsidy Portal Glitch Blocks Returning Pakistanis From Filing LPG Cargoes Down to Two as Senate Presses on Winter Fuel

Articles for tag: Arif, consortium, deal, Fauji, fertilizer, Habib, joins, PIA, privatization

December 26, 2025

News Desk

Fauji Fertilizer joins Arif Habib Consortium in PIA privatization deal

View of Pakistan International Airlines (PIA) passenger plane. — APP/File The consortium plans to increase operational aircraft from 18 to 62. Rs 125 billion will be invested in the first year to upgrade land businesses. The new owner is expected to take over in April, subject to approvals. Arif Habib Consortium has announced that Fauji Fertilizer Company Limited has joined its consortium which acquired 75% stake in Pakistan International Airlines with the highest bid of Rs 135 billion in an auction held for the national carrier’s privatization process. The joint venture, in its statement issued on Thursday, said the partnership

December 21, 2025

News Desk

Fauji Fertilizer abandons PIA bid as three teams remain in the race

A view of the PIA passenger plane, taken through a glass panel, at Islamabad International Airport, Pakistan, on October 3, 2023. — Reuters The competition is scheduled for December 23, officials say. Four bidders were selected by the Council of the Privatization Commission. AKD Group joined the Arif Habib-led consortium on November 7. ISLAMABAD: Fauji Fertilizer Company Ltd, which was earlier considered a leading bidder for 75% stake in Pakistan International Airlines, has formally withdrawn from the privatization tender and notified the Privatization Commission, even as sealed bids are due on December 23. The News was mentioned. The move was

November 27, 2025

News Desk

Fertilizer stocks are fueling the stock market

KARACHI: Investors made a strong return to the Pakistan Stock Exchange (PSX) on Wednesday as optimism prevailed, sending the benchmark KSE-100 up nearly 1,500 points. The market has seen an impressive recovery, fueled by renewed institutional confidence and strong performance of key sectors. The index opened on a positive note and maintained its upward momentum almost throughout the session. It surged to an intraday high of 163,397, fueled by the fertilizer and banking sectors. Although the index recorded some dips, during which it touched an intraday low of 160,565, it quickly regained its momentum. At the close, the KSE-100 settled

May 25, 2024

News Desk

The MPs are calling for an end to the fertilizer subsidy

Islamabad: While proposing a massive crackdown on the fertilizer mafia, the members of parliament suggested ending the subsidy to urea producers by fixing uniform gas supply prices. A high-level committee, constituted by Prime Minister Shehbaz Sharif, met at the Ministry of National Food Security and Research on Friday to discuss the price and availability of fertilizers. Sources told The Express Tribune that the committee members and MPs suggested a significant reduction in the price of urea by Rs 1,800 to Rs 3,700 per 50 kg bag compared to the existing market price of Rs 5,500. They asked the government to

April 16, 2024

News Desk

Urea sales estimated to grow 21%

LAHORE: Sales of urea, an important input for agricultural production, are likely to increase to around 590,000 tonnes in March 2024, according to a research report released on Monday by JS Global. If the numbers come in as expected, it will translate to a 21% year-on-year (YoY) increase as total urea intake was 489,000 tonnes in the same month last year. On a month-on-month (MoM) basis, demand is likely to have increased by 9% as urea sales were 543,000 tonnes in February 2024. For diammonium phosphate (DAP), the research house forecast sales of around 119,000 tonnes in March, an impressive

April 7, 2024

News Desk

The fertilizer industry lacks competition

Islamabad: The Competition Commission of Pakistan (CCP) has recommended initiation of legal proceedings against fertilizer manufacturers after an investigation found them involved in siphoning off billions of rupees due to subsidized natural gas supply. An inquiry panel, which has supported proceedings against leading fertilizer companies, looked at their profitability, cost structures, subsidies and their impact on urea prices for farmers. The research raised key questions about the pricing strategies applied by urea producers. Analysis of the cost structure revealed that the main feedstock for urea production, which was the feed gas, differed in price for each production unit. Despite the

April 4, 2024

News Desk

Tax audit of fertilizer companies

Islamabad: As the Competition Commission of Pakistan (CCP) tightens its grip on fertilizer makers, the issue of their tax audit has reached the Special Investment Facilitation Council (SIFC) to investigate the companies that have failed to pay billions of rupees in gas dues. infrastructure development (GIDC). The council is seeking updates on the tax audit of fertilizer businesses. In addition, the CCP found evidence that fertilizer producers engaged in monopolistic practices aimed at controlling urea prices. In this regard, it has issued show cause notices to them. During the tenure of the previous Pakistan Tehreek-e-Insaf (PTI) government, the apex court

March 8, 2024

News Desk

Fertilizer industry urges single gas tariff

KARACHI: Discriminatory gas tariffs for fertilizer plants have caused disparity in fertilizer prices, creating opportunities for middlemen to make profits of Rs 80 to 100 billion. Currently, Fauji Fertilizer Company (FFC) Bin Qasim costs Rs 5,389 per bag, Engro Fertilizer costs Rs 4,649 and Fuji Fertilizer is Rs 3,767 per bag. Engro Fertiliser, Chief Financial Officer, Ali Rathore stressed the need for the government to remove unequal gas prices among fertilizer plants to encourage new investment and ensure that farmers have access to fertilisers. He noted that removing the natural gas subsidy is a necessary step, especially for fertilizer manufacturers

March 7, 2024

News Desk

Ministry of Finance requests natural gas supply to FFBL

Islamabad: The Ministry of Finance has asked the Directorate of Petroleum to release natural gas supply to the Fauji Fertilizer Bin Qasim Limited (FFBL) plant from a new discovery made by Pakistan Petroleum Limited (PPL). Earlier, the caretaker government approved an increase in third-party gas allocation from 10% to 35% to address rising cyclical debt and help exploration companies improve their cash flows. Exploration and production (E&P) companies have welcomed this initiative as they have been mired in cyclical debt due to delayed payments from public gas utilities. They prefer third parties for gas supply where the chances of payment

Hamza Azhar SalamEditor — Hamza Azhar Salam · Write to us with suggestions or tips
Powered by: Frontpage.dev
WP Twitter Auto Publish Powered By : XYZScripts.com