News Column


January 26, 2014

Engro Fertilizers Limited (EFert) was listed at Karachi Stock Exchange (KSE) on Friday. The listing ceremony was held at KSE's trading hall. The ceremony began with the ringing of Gong that makes formal commencing of trading and listing of EFert. Muhammad Aliuddin Ansari , Chairman EFert, ringed the bell. Senior persons from finance and industry sectors, members of Board of Directors along with senior management of KSE were present on the occasion. According to a document released by KSE, EFert has set up a modern 1.3 million tones per annum urea fertilizer plant, based on gas to be supplied by SNGPL, which as per the applicable fertilizer policy was to be supplied at a concessionary price of US $0.70 for a period of 10 years, as an incentive for the huge investment that was required.

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Source: Pakistan & Gulf Economist

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