Aftab Ahmed Economic Coordination Committee (ECC) has approved the supply of 73 mmcfd LNG to AGL and Fatima Fertilizer plants to produce fertilizer. However, it has directed the industries ministry to consult stakeholders to find out the demand of urea in the country. It also further directed to work out the possibility of import of…
News Desk Islamabad: FFC and EFERT have increased prices of urea by Rs 50 per bag effective from August, 2021. As per our channel checks, FFC and EFERT have increased urea prices by PKR 50/bag(effective from August), taking current prices (Dealer Transfer Price)to hover near PKR 1,720/bag, MBA Capital Management said in a note. Local…
Islamabad: The federal Food Minister has urged to encourage Organic cherry and apricot market for the growth of agriculture in Gilgit Baltistan. The federal minister said that Gilgit Baltistan produced 350,000 tons of organic cherry. However, it wasted 30-40% according to a survey done by JICA. Of a total of 2 million tons of apricot…
Aftab Ahmed Islamabad: The Economic Coordination Committee of the Federal Cabinet on Monday is likely to approve a cotton intervention price of Rs 5000 per 40 kg in Pakistan for the current cotton crop, sources familiar with the development told Newztodays.com. Pakistan is mainly dependent on the import of cotton as farmers have not been…
News Report Moscow: The Russian government has lifted the ban on the import of Pakistani rice after two years when Pakistani authorities assured the Russian to comply with SPS, an official of the Pakistani Mission in Moscow told this scribe. Pakistan has been struggling since 2019 to convince Russian authorities to allow the resumption of…
Aftab Ahmed Islamabad: Water shortage for Punjab and Sindh provinces dropped to 13 percent on Tuesday following better inflows of water in the rivers. Indus River System Authority (Irsa) held a meeting on June 1, 2021, to review the water situation. The inflow of water in rivers has increased from 229100 cusecs to 252600 cusecs….
Aftab Ahmed Islamabad: Fauji Fertilizer Company Limited (FFC) has recorded a profit of Rs 5.8 billion in 1QCY21, up by 36 percent, mainly due to improved pricing dynamics of both the Urea and DAP segment. The fertilizer companies have reported higher profits in Pakistan due to demand in the agriculture sector. The prices of DAP…
Aftab Ahmed Islamabad: The increase in DAP price, increased margins, and offtake have turned Fauji Fertilizer Bin Qasim Limited (FFBL) from a loss into a profit of Rs 1.3 billion during 1QCY21. The higher sale price of DAP had pushed the margins of the company higher. The company had registered a loss of Rs 3 billion…
Aftab Ahmed The federal government on Friday decided to increase the wheat price to Rs 1800 per 40 kg. Earlier, the government had set the wheat support price at Rs 1650 per 40. Food Minister Syed Fakhar Imam had called for fixing the price at Rs 1800 per 40 kg but the ministers from urban…
Our Correspondent Islamabad: China will assist in developing date processing plants and onion cold storage in Southern Balochistan. Federal Minister for National Food Security and Research, Syed Fakhar Imam on Friday, had a farewell meeting with outgoing Chinese Ambassador to Pakistan, Yao Jing, and appreciated his contributions for fostering bilateral ties between the two countries….