Daily Times

The global COVID-19 pandemic poses a significant challenge to not only global, but also national economic prosperity. As one of Pakistan’s most responsible companies, Engro Fertilizers remains committed to the alleviation of adverse impact of this global pandemic on our nation, in particular the agriculture sector which remains the largest driver of employment in our country. The Company hereby announces a further reduction in urea prices by Rs 240/bag. This additional price cut would result in an overall price reduction of Rs 400 per bag since the beginning of the year. With the outbreak of Covid-19, Pakistan’s farmers are facing unprecedented challenges. In this difficult time, Engro Fertilizers stands firm with the people of Pakistan and the Government to prioritize the sustainability of agriculture sector to ensure our nation’s food security. In this pursuit, the Company has made an additional price reduction to support our valued farmers in these trying times. Earlier this year, Engro Fertilizers become the first Company to fully pass on the benefit of revision in GIDC rates by announcing a price reduction of Rs 160/bag.