The government has shared a urea fertilizer management plan in Pakistan that focuses on smooth supply to the farmers for crops in 2022. The plan reveals about urea fertilizer sale, import and its consumption in Pakistan. Actions and Management of Urea Creation of Monitoring Portal helped in Urea tracing and price control From 15 November…
News Report Car Sales in Pakistan including sales of Non-PAMA members clocked in at 23900 units, down 5% MoM in Nov 2021. As reported by PAMA, car sales are down 11% MoM to 18,714 units. This is the second consecutive month where sales have witnessed an MoM decline. They are now down by 25% from…
News Report Pakistan’s cement sales in Nov-2021 are likely to reach 4.7-5.1mn tons, up 6-10% YoY. However, the sales of cement are likely to decline by 4-8% MoM. Local sales of cement are likely to grow by 9-13% YoY amid increased construction activity and economic recovery post-COVID-19. However, exports are estimated to drop by 4-8%…
News Report Islamabad: The cement prices are likely to go up further by Rs 200 per bag in the retail market due to higher coal prices. According to the report, the retail price of cement per bag has risen by Rs160 in the last 60 days from Jan 15. It may further go up by…
News Report Islamabad: Wheat Review Committee on Monday estimated total wheat production to exceed 27.5 million metric tons this year. Wheat Review Committee on Wheat 2021-22 Crop held a meeting on Monday under the Chair Syed Fakhar Imam, Federal Minister for National Food Security & Research, Islamabad. Representatives of all Provincial Food Departments, PASSCO, and…
Ibn-e-Ameer Islamabad: Government has reduced the additional customs duty (ACD) for Vendors and on Heavy Commercial Vehicles in Pakistan. The Commerce Division briefed the Cabinet that the National Tariff Policy 2019-24 (NTP) stipulated that government would examine all proposals for levy, amendment, or removal of tariffs, at the Tariff Policy Centre. After approval by the…
S Sultan Toyota Indus Motor Company has decided to launch new variants of Fortuner and Hilux. They are the Revo Rocco and the Fortuner Legender. These new variants will have some improvements with some new features. The Fortuner Legender The Fortuner Legender will have redesigned front bumper with dual projector LED…
Ibn-e-Ameer Toyota will invest over US$100 million in the local production of Hybrid Electric Vehicle (HEV) in Pakistan. The announced investment by Toyota for the production of hybrid electric vehicles shall go towards localization of components, plant expansion, and production preparation for the first Hybrid Electric Vehicle to be manufactured at the Indus Motor Company…
News Desk Federal Minister for Finance and Revenue, Mr. Shaukat Tarin, has directed the Federal Board of Revenue (FBR) to expedite the disbursement of refunds to improve the liquidity position of the fertilizer industry. He chaired a meeting with the Chairman and other members of the Fertilizer Manufacturers of Pakistan Advisory Council (FMPAC) held at…
Islamabad: Steel Industry has proposed the government introduce a tax credit for the provision of steel bars for the Prime Minister’s low-cost housing scheme to benefit the local market and overall affordability of houses. A delegation of the Pakistan Association of Large Steel Producers (PALSP) called on Federal Minister for Industries and Production Makhdum Khusro…