The Board of Investment of Pakistan has approved a proposed fertilizer and crop input plant for the Allama Igbal Special Economic Zone (SEZ) in Faisalbad, according to The Nation. Zhengbang Agriculture Pakistan Private Ltd. will reportedly invest some Rs700 million (US$4.5 million) in at the 11-acre site, with plans for it to be in operation in June 2022.
The plant will reportedly produce some 100 products, specializing in water soluble fertilizers, including NPK, zinc fertilizer, and amino and humic acids. Other inputs would include herbicides, pesticides, fungicides, and plant growth regulators.
Zhengbang is a wholly-owned subsidiary of Zhengbang Crop Protection Co. Ltd., a unit of China’s Zhangbang Group.