Business articles

Fertilizer business pushes Engro Corp in losses

Karachi:  Gas curtailment caused by the flagrant violation of the contractual obligations by SNGPL has severely impacted the operations of the fertilizer business. Consequently, the business made a net loss of Rs. 2,978 million during the nine months under review vs. a net profit of Rs. 3,510 million during the same period last year.

LPG prices rise by Rs. 3 per kg

Karachi: Liquified Petroleum Gas (LPG) price are up by Rs. 3 per kilogram putting a burden of Rs. 35 on domestic cylinder. “LPG prices have been increased 2755 per ton making its price both for commercial and domestic prices,” LPG distributors association chairman Irfan Khokhar said. “The prices in international market have been raised and