National Fertiliser Corporation (NFC) may earn a profit to the tune of Rs 1.8 billion during the current financial year as compared to Rs 1.2 billion of last year.
Chairman NFC Major General Zafar Abbas (Retd) said this at a meeting held here on Wednesday with Federal Minister for Industries & Production Liaquat Ali Jatoi in the chair.
The meeting also reviewed the nine-month performance of the corporation.
The minister was informed that NFC at present was producing around one million tons of fertilisers of different types. Lauding the efforts of the NFC management for making the corporation a profit-oriented entity, the minister observed that the NFC and Pakistan Steel Mills were among those state-managed organisations, which were earning profits.
Moreover, Jatoi said that raise in the sale of fertilisers produced by four production units including Pak-Arab Fertiliser Multan, Pak-American Fertiliser, Daudkhel, Lyallpur Chemicals Jaranwala and Hazara Phosphate Haripur to the tune of 980,000 tons during the first nine months of current financial year was a good development.
The NFC chairman apprised the minister that the corporation also plans Balancing, Modernisation and Replacement (BMR) of Pak-Arab Fertiliser.
He informed the minister that the corporation had a very little carryover stocks this year because of better marketing strategy by the NFC's marketing team, besides growing demands of fertiliser. Other senior officials of the NFC also attended the meeting.
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