The Federal Board of Revenue (FBR) has initiated a nationwide audit of urea and fertilizer dealers to ensure they pay the correct amount of income tax on their earnings.
Audit Exercise Details:
Pakistan’s fertilizer industry is set to conclude 2024 on a positive note, with December urea sales expected to witness a sharp increase, according to forecasts from two leading investment banks. Despite this late surge, overall fertilizer sales for the year are projected to remain below 2023 levels. Topline Securities and
The Economic Coordination Committee (ECC) and the Federal Cabinet reviewed the supply of subsidized gas to fertilizer plants, noting its impact on circular debt and the need to stabilize urea prices. Key Highlights
Fauji Fertilizer Company Limited (FFC), Pakistan’s largest fertiliser company by market capitalization, has begun the public acceptance period for its offer to acquire 151.05 million ordinary shares of Agritech Limited (AGL), representing 35.57% of AGL’s total paid-up capital. The revised offer price is set at PKR 39.05 per share. Managed
