Uncategorized

(JUNE 12, 2024) The Fertilizer production witnessed an increase of 16.6 percent to 7,171 thousand tones during the first nine months of the fiscal year 2024 as compared to the production of last year. According to the Economic Survey 2023-24, there are ten urea manufacturing plants, one DAP, two Nitro Phos, four SSP (out of […]

Pakistan’s Economic Coordination Committee (ECC) met on 7 May and has approved the import of 200,000t of urea for the Kharif summer season. The ECC did not disclose an exact timeline, but a tender will have to be issued shortly if the imports are to meet demand in Kharif, which runs from April to September

Fauji Fertilizer Company Ltd (FFC) and Fauji Fertilizer Bin Qasim Ltd (FFBL) have both reduced prices of DAP. In a notice, brokerage house JS Global said that Fauji Fertilizer Company Ltd and Fauji Fertilizer Bin Qasim Ltd have reduced DAP prices by Rs. 1,800 per bag. The new prices now stand at Rs. 11,191 per

Thar coal is currently generating approximately 2,640 MW of electricity for Pakistan’s national grid, with projections to reach 3,280 MW by year-end. Azhar Malik, VP of Site Operations at SECMC, stated that each of the two operational blocks produces 1,320 MW. Thar coal could save Pakistan $8 billion annually by producing cheaper electricity, with costs

The recent wheat crisis in Pakistan stems from two main factors: the Punjab government’s abrupt exit from the market, allowing private sector exploitation, and extended import permissions overlapping with the domestic harvest period. The Punjab government’s decision to withdraw was sound in principle but poorly executed. Economists recommended a gradual phase-out over 3 to 5

ISLAMABAD – Oil and Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production company, has started production from the Chanda-7 well in Kohat, Khyber Pakhtunkhwa, and revitalized the Kunnar-8 well in Hyderabad, Sindh, to boost oil and gas output. Chanda-7, a new development well, is now producing 305 barrels of oil per day, 2.5

The Pakistani government supports the allocation of gas from the Mari Gas Field to the fertilizer industry to prevent increases in urea prices and supply disruptions. A committee led by the Petroleum Minister is evaluating a proposal for system-wide weighted average cost of gas (WACOG) to ensure stable pricing. The local fertilizer sector, which produces

The recent agreement between the Pakistani government and fertiliser manufacturers signifies a significant step towards stabilising the country’s agricultural sector. By ensuring a consistent and affordable supply of gas from the Mari Gas Field to fertiliser plants, the government aims to regulate urea prices effectively. This move comes in response to unilateral price hikes by

Urea sales in Karachi plummeted to a three-year low, dropping by 49% month-on-month to 328,000 tonnes in April and 33% year-on-year. Sherman Research reported that DAP sales also decreased by 12% to 92,000 tonnes month-on-month but saw an 82% increase year-on-year. The decline in fertiliser sales is attributed to the delayed wheat harvesting season and

The reduction of natural gas flows by 350 million cubic feet per day since mid-March has raised concerns among Pakistan’s exploration and production (E&P) companies. They fear that this reduction could lead to the sinking of oil and gas wells and depletion of gas reserves due to decreased pressure. The Petroleum Division has instructed officials