Government proposal on GIDC elimination raises ambiguity on fertilizer prices
Karachi, January 23, 2020: The Government’s decision to withdraw GIDC on fertilizer sector will result in a lot of ambiguity pertaining to future urea prices since the GIDC is not payable on the complete gas mix of all the fertilizer manufacturers. Fatima Fertilizers has GIDC payable on none of its Feed gas whereas Engro Fertilizers’…