Year: 2023

Engro Fertilizers Limited (PSX: EFERT) is a wholly owned subsidiary of Engro Corporation which is the subsidiary of Dawood Hercules Corporation Limited. The company was incorporated in Pakistan in 2009 and is engaged in the manufacturing, purchasing, marketing, and selling of fertilizers, seeds, and pesticides besides providing logistics services.

Following a hefty increase in POL prices, the government on Tuesday hiked the rate of indigenous liquefied petroleum gas (LPG), also called a poor man’s fuel, by Rs60/kg which will enhance the price of 11.8kg domestic cylinder by approximately Rs704. As per the notification issued by the Oil and Gas Regulatory Authority (OGRA) the price of indigenous liquefied petroleum gas (LPG) has been increased by more than 29pc or Rs60/kg for domestic and commercial consumers for the month February 2023. According the notification, the price of  LPG has been increased…

The Balochistan government has received an amount of $3 million from the Barrick Gold Corporation as part of the new Reko Diq agreement. A company’s press release says after the completion of legal process last month, the Balochistan government and the company agreed on a timetable for the disbursement of the committed funds to the province. Reko Diq Pakistan Country Manager Ali E Rind handed over the $3 million cheque to Secretary Mines and Minerals Development Department Balochistan, Saidal Khan Luni. Barrick said that the new Reko Diq agreement ensures…

The government has prepared a plan to impose multiple surcharges of over Rs 4/kWh on consumers across the country including those of the KE and conversion of Power Holding Limited’s (PHL) debt of Rs 800 billion to public debt, sources close to Finance Minister told Business Recorder. Sharing the details, sources said PHL outstanding debt stock as of June 2020 was Rs 1.004trillion. ECC of the Cabinet on May 6, 2022 approved the conversion power sector debt stock of Rs 804 billion into public debt. In compliance with the ECC decision…