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Agritech and Fatima Fertilizer to get system gas for continuous operations

admin-augaf by admin-augaf
March 30, 2022
in Business, Finance
Reading Time: 1 min read
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Agritech Limited signed NDA with three potential acquirer’s
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Islamabad March 30 2022: Economic Coordination Committee (ECC) of the Cabinet here on Wednesday approved allocation of system gas for Agritech and Fatima Fertilizer (Sheikhupura Plant) within one month.

Meanwhile Ministry of Industries and Production submitted a summary on operation of Fatima Fertilizer (Sheikhupura Plant) and Agritech.

The committee approved the proposal for provision of indigenous gas to two SNGPL based Urea plants latest by March 31st, 2022, resulting in saving of funds to be utilized on provision of RLNG to both these plants and continued operation throughout the year.

The ECC further directed to expedite the process of shifting the plants on system gas within one month.

Federal Minister for Finance and Revenue Shaukat Tarin presided over the ECC meeting which among others was attended by Federal Minister for Planning, Development & Special Initiatives, Asad Umar; Federal Minister for National Food Security and Research, Syed Fakhar Imam; Adviser to PM on Commerce and Investment, Abdul Razak Dawood, federal secretaries, Governor SBP, Chairman Planning Commission and other senior officials.


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