Fertilizer Offtake Numbers
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The departing week was ruled by the outcome of the ongoing results season and the political noise which echoed from the Parliament on the election of Sadiq Sanjrani as the chairman Senate.
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The official fertilizer statistics released by NFDC highlighted a growth in fertilizer sales on a yearly basis. Urea sales clocked in at 408Kt (↑19% Y/Y, ↑5% M/M).
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PSX-100 observed another negative trading session amid concerns on the marcro-economic front,
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IMF’s executive board granted approval of an “Extended Fund Facility” (EFF) of USD6.2bn for Pakistan on July 3, 2019.
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