United States Putting Pressure on Arif Habib Group’s Fertilizer Company
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Normally we do not cover international or local politics but this time – United States officials decided to interfere in private companies and it has been reported that they have been putting pressure on Pakistan Based Fatima Fertilizer, a subsidiary of Arif Habib Group, a multi-billion Rupees conglomerate.
U.S Officials are linking the production of Fertilizer in Pakistan with the Homemade bombs, which are often planted along roads and footpaths, and are believed to be one of the leading killers of U.S. and NATO troops in Afghanistan.
Forget the tussle between United States and Pakistan’s governments – The game of putting pressure on each other is now finding a new ground and according to Washington Post’s recent article - United States govt is now putting pressure directly on Pakistan’s Corporate sector.
Background of Story
Taliban insurgents/bombers are using ammonium nitrate fertilizer as the main ingredient in their explosives. According to U.S official, captures of Ammonium Nitrate after raids increased by more than 100% in last seven months of 2012 as compared with previous year.
Despite the jump in seizures by American soldiers, senior U.S. officials said the number of improvised explosive devices, or IEDs, manufactured with the chemical compound has increased and is on pace to surpass the record levels of 2011.
Means? This fertilizer (when used in explosives) is a serious Threat to their operations in Afghanistan.
How Americans Link this with Pakistan
According to the article published in Washington Post, the homemade bombs, which are often planted along roads and footpaths, are one of the leading killers of U.S. and NATO troops in Afghanistan.
The ammonium nitrate, used in these explosives, is manufactured at two plants across the border in Pakistan, and officials said the manufacturer ( Pakistan Based Fatima Group) has resisted efforts to control the flow into Afghanistan.
And The Threat Business Begins
According to the report, a member of the U.S Senate Foreign Relations Committee, has pushed, again, for a tougher stance against Pakistan for failing to curtail the trade and is troubled by the lack of progress.
“The administration will soon need to certify that Pakistan is addressing this threat in order to release millions in security assistance”, senate member said.
The report also claimed that all of the ammonium nitrate used in the Taliban’s bombs comes from two fertilizer plants in Pakistan, both owned by the Fatima Group, a subsidiary of Arif Habib Group.
Interestingly, the production and sale of ammonium nitrate is legal in Pakistan, but it is banned in Afghanistan.
History of Fatima Group
Pakarab Fertilizers Limited was established as a result of protocol concluded and signed by the Government of Pakistan and State of Abu Dhabi.
The Company was incorporated in 1973. Subsequently, PIDC assigned 52% of its shares to National Fertilizer Corporation (NFC) of Pakistan and ADNOC assigned 48% Company Profile of its shares to International Petroleum
Investment Company, with a paid-up capital of Rs. 74 Crore.
Under the privatization policy of Government of Pakistan, Pakarab Fertilizers Limited was privatized in 2005 at a cost of Rs 1,412 Crore. It was acquired by the consortium of Fatima Group and Arif Habib Group.
EconomyAge cannot reach to officials of Fatima Group for their comments due to weekend holidays.
Similar Posts:
- Despite Pressures – Fatima Fertilizers Posted a Profit of Rs 259 Crore
- Series of Bomb Blasts in National Bank Branches across Sindh
- Dawood Group Pulled Out of Deal – Pak Arab Fertilizer Furious
- Arif Habib Limited Made Rs 50 Crore in first three months of 2012
- Arif Habib Get Rid of Thatta Cement.But Why?
you should be thankful to Washington Post for not putting this headline:
“Arif Habib Group aiding taliban”
or
“NATO member countries put pressure on Pak govt to end all manufacturing of fertilizer in country”
arif sb ki buri qismat
Bagherato Americans:
Why the American Government becomes hurdle in the economic growth of Pakistan?
Washington always keep an close eye on the progress of Pakistn with new badly strategies against Pakistan.
Now it is time to say by to America for always.
We hate America now and forever till our freedom.
God help us with honest, true & patriotism leadership for save this country from bad eye. Ameen
100% agree with malik Imran,
Be brave and stop following american policies. Inshallah thay will knee down to the front line partner. but unfortunately we missed one change in Salala issue.
GOD BLESS PAKISTAN & IT’S NATION (not polititions) Aaameeen.
No doubt ingredients contain in fertilizer can be used in preparation of bomb but whether those Americans don’t know that water simple tooth past can also be used for the same purpose, when all companies, especially LIVER & Colgate Palmolive will be pressurized to stop manufacturing tooth pasts. When they will stop water from oceans to flow Arabian Sea as it contain Hydrogen which is highly explosive and Oxygen which is catalyst of fire to spread? In my opinion this is same attack as was on the largest bank that was run by the Muslims, the majority of them were off course Pakistanis. Whether other bank running in Switzerland, Spain and also in USA & UK are not involved in money laundering?
The only “pressure” is the US asking that the fertilizer be made a different color, like pink. The terrorists repackage the white fertilizer into bags of laundry detergent and other products to hide it when it comes across the border. You would think the fertizer company would do this simple thing to prevent deaths. By taking this step the company could ensure that it has access to capital. Banks do not want to fund companies that fail to act to prevent deaths caused by their products.
USA is so stupid
it should buy the entire production for one year and
sell it in Africa on subsidized rated
USA POLICY MAKERS ARE HOPELESSLY DUFFER
who will stand up and save my sweet motherland.
You my dear Zubair as when you will stand up, saleem , kareem and zaind and baker will also stand up, resultant there would be 180 Million people and no one can defeat a nation which stand up for any cause, but for this we must become on nation
“( Pakistan Based Fatima Group) has resisted efforts to control the flow into Afghanistan.”
It has nothing to do with Pakistan’s economy as only the flow in Afghanistan is in question !!
having a reality check and freely available explosives is not something very favourable to us either !! Also repeating having Checks and balances on dissipation is not BANNING !!
[...] worth mentioning here that Arif Habib Group is reportedly under pressure from United States Govt which shows concerns with Fatima [...]