Engro Fertilizers takes lead to reduce Urea price by Rs 160

By MG News | January 31, 2020 at 04:07 PM GMT+05:00

0:00

January 31, 2020: Engro Fertilizers (EFERT) has welcomed the decision of Government of Pakistan to reduce GIDC on urea. In line with the decision and to support the valued farmers of the country, EFert has decided to fully pass on the benefit of change in GIDC rates by announcing a 160/bag reduction in urea prices, effective February 1, 2020.

It is worth highlighting that the impact of reduction in GIDC varies for different fertilizer manufacturers. EFert is passing on the full impact of the Government decision, given the particular mix of gases being received by the Company.

Related News

Name	Price/Vol	%Chg/NChg
KSE100	130,344.03 345.79M	1.67% 2144.61
ALLSHR	81,023.99 1,021.87M	1.55% 1236.37
KSE30	39,908.26 141.62M	2.05% 803.27
KMI30	189,535.00 150.29M	1.40% 2619.39
KMIALLSHR	54,783.66 508.76M	1.07% 581.78
BKTi	34,940.73 55.86M	4.37% 1464.05
OGTi	28,296.06 16.02M	1.19% 333.47

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	109,150.00	109,200.00 105,440.00	3400.00 3.22%
BRENT CRUDE	68.16	68.27 66.94	1.05 1.56%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	0.75 0.78%
ROTTERDAM COAL MONTHLY	109.20	110.00 108.25	1.70 1.58%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	66.44	66.53 65.23	0.99 1.51%
SUGAR #11 WORLD	15.45	15.97 15.44	-0.25 -1.59%