business

March 25, 2020

Engro Fertilizers cuts urea price by Rs240/bag

ISLAMABAD: Engro Fertilizers on Tuesday slashed urea price by Rs240 per bag – the second reduction this year following a cut in gas tariffs – to Rs1,600/bag in what the company said a move to support farmers amid coronavirus outbreak.Engro said the latest price cut would result in an overall price reduction of Rs400 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...