Shah Rukh Khan-starrer Fauji completes 33 years today, January 19. In an exclusive chat with IndiaToday.in, Kannan Arunachalam and Vishwajeet Pradhan spoke about the show and working with SRK.
Silkbank agrees to sell majority stake to Fauji Foundation
Business
January 29, 2021
KARACHI: A multi-industry company Fauji Foundation on Thursday got consent of Silkbank Limited to acquire the bankâs majority stake. Financial terms were not disclosed.
The bank allowed Fauji Foundation to conduct due diligence of Silkbank and the company intends to apply to the State Bank of Pakistan for the requisite approval, the bank said in a filing with the Pakistan Stock Exchange.
The bankâs board of directors gave its in-principle approval to allow Fauji Foundation to conduct the require diligence and evaluate the information that will be provided by the Silkbank, according to the notice.
FFC plans to set up new DAP plant
Seeks government commitment of natural gas at concessionary rates
ISLAMABAD:
Fauji Fertilizer Company (FFC) is planning to set up new DAP plant on concessionary rates in a bid to boost local production to meet shortfall.
FFC is a sister company of Fauji Fertilizer Bin Qasim Limited that is producing DAP locally.
In this regard, the Fauji group approached the Petroleum Division seeking government commitment of 30mmcfd natural gas at a concessionary rate of $0.77 per mmbtu for the first 10 years as it planned to set up a new DAP production plan for a total of 20 years under the Fertilizer Policy 2001.