Engro denies shutdown rumors

KARACHI: Engro Corporation Limited (ENGRO.KA), one of Pakistan's largest conglomerates, on Monday dismissed 'false information' circulating on social media that it was planning to close its operations in the country.

The company, which has interests in food and agriculture, energy and related infrastructure, petrochemicals, and telecommunication infrastructure, said the rumors were "unfounded" and "lacked any factual basis".

“In response to recent false information circulating on social media regarding Engro ceasing its operations in Pakistan, we wish to clarify that the same lacks any factual basis, is unfounded and we outrightly reject the assertion,” Engro said in a statement issued on social media platform X.

"Engro remains steadfast in its endeavours to ensure prosperity for Pakistan and its people through businesses that help solve some of the country's most pressing issues."