IFC, Standard Chartered, Engro announce Rs.33.6 billion first-of-its-kind agri-chain financing Pakistan’s agriculture
The International Finance Corporation (IFC) announced its first Pakistan rupee-denominated investment through an unfunded Partial Credit Guarantee of up to Rs33.6 billion (about $120 million equivalent) to support long-term PKR financing by Standard Chartered Bank Pakistan Limited for Engro Fertilizers Limited, aimed at strengthening Pakistan’s agricultural value chain.
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Engro fertilizers completed largest-ever EnVen plant
Engro Fertilizers has invested approximately USD 50 million in a plant turnaround to enhance its reliability and operational efficiency and the company successfully completed the largest-ever scheduled maintenance activity for the EnVen Plant, spanning 55 days, as planned on June 18, 2024.
Mehfooz
Engro fertilizers win IFA Green Leaf Award 2024
Engro fertilizers, Pakistan’s premier seed-to-harvest solutions provider has been recognized as the winner of the prestigious International Fertilizers Association (IFA) Green Leaf Award 2024 in the Nitrogen Category, for its exceptional performance in health, safety and environmental (HSE) practices.
Adil Aziz
Fertilizer industry urges nationwide dealers to ensure Urea sales at announced market retail prices
leading fertilizer manufacturing companies in Pakistan, including Fauji Fertilizer Company Limited (FFC), Fauji Fertilizer Bin-Qasim Limited (FFBL), Engro Fertilizers Limited, Fatima Fertilizer Company Limited, and Agritech Limited, jointly hosted a convention with nationwide dealers on January 29, 2024, at Falettis Hotel, Lahore. The primary objective of this convention was to engage the fertilizer dealers in a constructive dialogue and formulate immediate strategies aimed at reducing nationwide urea prices to benefit the farmers.