Oil surges as OPEC+ surprise output cuts shake markets
Oil prices surged on Monday, posting the biggest daily rise in nearly a year, after a surprise announcement by OPEC+ to cut...
Urea inventory falls to five year low as crisis looms
LAHORE: Pakistan’s urea inventory was recorded at 86,155 tons at the end of July this year, reaching a five‐year low of around 105,000...
Engro Polymer & Chemicals to enter hydrogen peroxide business with $23m investment
Engro Polymer & Chemicals Limited derives hydrogen as part of its caustic manufacturing process
OBS Pakistan to acquire Globe Textile Mills Ltd
OBS Pakistan (Private) Limited, a pharmaceutical company, through the newspaper advertisement, has shown its interest to acquire 14,891,829 ordinary shares of Globe Textile Mills Limited.
Ittehad Chemicals ion exchange membrane plant commences operations
In December last year, Ittehad Chemicals Limited and Punjab Board of Investment and Trade had signed a memorandum of understanding (MoU) to establish a state-of-the-art facility, valued at $40 million
Chemical, Pharma exports down 25 per cent in May
Chemical and Pharmaceuticals exports during the month of May clocked in at $70.170 million, down 25 per cent from April’s exports of $93.259 million.