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National Fertilizer Corporation was established by the Government of Pakistan in August 1973 to expand state's role in the fertilizer Industry of Pakistan. [4] Syed Babar Ali served as the first chairman of National Fertilizer Corporation appointed by Zulfikar Ali Bhutto the then Prime Minister of Pakistan .
Starting in 2007, the prices of fertilizers of all kinds increased dramatically, peaking around the summer of 2008 (see graphs by the International Fertilizer Industry Association). Prices approximately tripled for ammonia , urea , diammonium phosphate , muriate of potash (KCl -potasium chloride), and sulfuric acid (used for making phosphate ...
Engro Fertilizers was demerged from the parent company Engro Corporation in 2010. [1] [6]In June 2011, Engro commissioned the EnVen plant at a cost of $1.1 billion. [7] [8] It was built under the 2001 Fertilizer Policy of Pakistan in which the Government of Pakistan guaranteed gas supply at a reduced rate for ten years.
Following the international credit crisis and spikes in crude oil prices, Pakistan's economy could not withstand the pressure, and on 11 October 2008, the State Bank of Pakistan reported that the country's foreign exchange reserves had gone down by $571.9 million to $7,749.7 million. [65]
In 1978, Esso's parent company was renamed as Exxon and accordingly Esso in Pakistan was renamed as Exxon Chemical Pakistan. [4] In 1991, Exxon left Pakistan and its shareholding of 75 percent was acquired by the employees of Exxon Chemical Pakistan in the management buyout. [3] In 2010, Engro Chemical Pakistan was renamed as Engro Corporation. [5]
In 2005, Pakistan produced 21,591,400 metric tons of wheat, more than all of Africa (20,304,585 metric tons) and nearly as much as all of South America (24,557,784 metric tons), according to the FAO. [12] The country had harvested more than 25 to 23 million tons of wheat in 2012. Pakistan has also cut the use of dangerous pesticides ...
According to the Economic complexity index, Pakistan is the 67th largest export economy in the world and the 106th most complex economy. [10] During the fiscal year 2015–16, Pakistan's exports stood at US$20.81 billion and imports at US$44.76 billion, resulting in a negative trade balance of US$23.96 billion.
Pages in category "Fertilizer companies of Pakistan" The following 3 pages are in this category, out of 3 total. This list may not reflect recent changes. E.