Islamabad October 29, 2021: To meet the fertilizer demand for the Rabi crop, the government will import 100,000 tonnes of UREA in addition to 300,000 tons of additional production by SNGPL network based UREA plants, Pak Arab and FFBL.
It is worth mentioning to note that international prices are at USD760 for per ton of UREA that will cost Government PKR6,900 at port before any taxes, whereas local prices are at PKR1,780 per bag. For selling imported UREA at prevailing domestic prices Government will need minimum PKR10 billion subsidy for every 100,000 tons of imported Urea.
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Adviser to the Prime Minister on Finance and Revenue Mr. Shaukat Tarin chaired a meeting on fertilizer at Finance Division today. Minister for National Food Security and Research Syed Fakhar Imam, Minister for Energy Hammad Azhar, Secretary Ministry of Industries and Production, Secretary Ministry of Petroleum Division, Additional Secretary Ministry of Finance and other senior officials participated in the meeting.
Secretary, Ministry of Industries and Production briefed the meeting about the demand and supply situation of fertilizer in the country. Supply of gas to SNGPL based Urea Plants will assure production of additional 300,000 MT till January 2022. The Government is firmly committed to ensure maximum gas supply to all fertilizer units including Pak Arab and FFBL.
He further stated that the tender for import of 100,000 MT of Urea has also been advertised. Speaking on the occasion, the Adviser to the Prime Minister on Finance and Revenue expressed satisfaction on urea availability and directed the gas companies to streamline supply of gas to the fertilizer units for smooth production of fertilizer. He further directed all the stakeholders to evolve consensus on matters related to sales tax refund and GIDC payments on fast track basis.