Islamabad January 12 2023: ECC allowed to fix Dealer Transfer Price (DTP) of 50 kg imported Urea bag at PKR 2,340/bag to bring stability in domestic prices.
Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar presided over the meeting of the Economic Coordination Committee (ECC) of the Cabinet, today.
The ECC considered and approved a summary of Ministry of Industries and Production on revision of price of imported Urea and allowed to fix Dealer Transfer Price (DTP) of 50 kg imported Urea bag at PKR 2340/bag by NFML and provisionally approved incidental charges from KPT at PKR 594/bag and from Gwadar at PKR 1008/bag respectively to bring stability in the prices of Urea in the market. The ECC further directed that the 50% of subsidy of the imported Urea should be shared by the provinces.
Two days earlier, Urea manufacturers increase urea prices to PKR 2,440 per bag anticipating a rise in gas prices ahead of the resumption of IMF programme.
Federal Minister for Commerce Syed Naveed Qamar, Federal Minister for Industries and Production Syed Murtaza Mahmud, SAPM on Finance Mr. Tariq Bajwa, SAPM on Revenue Mr. Tariq Mehmood Pasha, Federal Secretaries and senior officers attended the meeting.