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Fertiliser Industry

‘NFML recovers Rs 570 million from fertiliser transporters’

November 13, 2013 On the directions of Federal Minister for Industries & Production Ghulam Murtaza Jatoi National Fertiliser Marketing Limited (NFML) recovered Rs 570 million from fertiliser transporters and deposited the money in the national exchequer, says a press release issued here on Tuesday. Furthermore, case of a company which has an outstanding amount of Rs 450 million was given one month time to deposit the amount, but the company was unable to deposit the money within…

Price volatility in world market: thin participation witnessed in first urea tender

November 11, 2013 RIZWAN BHATTI A thin participation was witnessed in the first urea tender conducted by the Trading Corporation of Pakistan (TCP) for the import of 0.1 million tons, mainly due to price volatility in the world market. Overall some four international suppliers participated in the tender, out of which three submitted their offers for the supply of urea, while one bidder submitted a regret letter. Presently, Pakistan, India and Bangladesh are facing acute shortage of…

Fertiliser industry opposes massive import of urea

November 05, 2013 RIZWAN BHATTI The fertiliser industry has opposed the government's move to import 0.5 million tons of urea for Rabi season against its proposal of 0.3 million tons. Industry sources told us on Monday that followed by new gas management plan, approved by the ministry of power, the fertiliser industry will get more gas for urea production during this winter compared to previous season and an import of 0.3 million tons urea will be sufficient enough for buffer stocks.…

Fertiliser industry: Country to import Rs 452bn urea yearly if gas supply falls

July 24, 2013 By Razi Syed KARACHI: The country will have to spend approximately Rs 452 billion annually on import of urea if the government further cuts the supply of gas to seven fertiliser plants that have production capacity of 6.9 million tonnes urea. The cost of importing 6.0 million tonnes of urea for the country would be approximately Rs 312 billion and if government also decides to subsidise this imported urea, as is the practice with imported urea, it would need additional…

DHCL announces discontinuation of dialogue with Pakarab Fertiliser

December 12, 2012 Dawood Hercules Corporation Limited (DHCL) on Tuesday announced to discontinue dialogue with Pakarab Fertiliser Limited for possible sale of its share holding in DH Fertiliser plant. With this announcement, DH Fertiliser plant's share sales purchase deal between DHCL and Pakarab Fertiliser has been lapsed. According to Dawood Hercules announcement sent to Karachi Stock Exchange, the previously announced plan to sell its share in the DH Fertiliser plant by…

Subsidy to fertiliser industry: ECC panel suggests reduction in ST and GDS

ZAHEER ABABSI November 30, 2012: With the objective of providing subsidy to fertilizer industry, it was proposed to the Economic Co-ordination Committee (ECC) of Cabinet to reduce sales tax rate on fertiliser from existing 16 percent to 11.3 percent and reduce Gas Development Surcharge (GDS) by Rs 68/mmbtu. Sources said that sub-committee of the ECC was constituted to suggest: (i) a mechanism for provision of subsidy so that it actually reaches farmers; (ii) ways and means…

Urea production: Fertiliser sector faces 2.7 million ton loss in 2012

November 16, 2012 RIZWAN BHATTI Fertiliser manufacturers in Pakistan faced over 2.7 million tons urea production loss in 2012 mainly due to gas curtailment, as they could only produce 4.2 million tons of urea against a total production capacity of over 6.9 million tons per annum. Industry sources told Business Recorder on Thursday that during last five year fertiliser industry invested $2.3 billion in the country based on the government approved policy designed to encourage…

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