Tag Archives: Urea

ECC likely to approve urea import through TCP

ECC likely to approve urea import through TCP

KARACHI – The Economic Coordination Committee (ECC) is likely to approve the import of over 0.225 million tonnes of urea through the Trading Corporation of Pakistan (TCP) to ensure prompt availability of urea in the market and averting the current urea crisis in the country.
According to source, the ECC was likely to allow the TCP to import the urea given that the private sector has evinced little interest in the matter, sources told Pakistan Today. The meeting of ECC which is

Alarming urea shortage imperils Pakistan’s food security

ISLAMABAD – An official source has disclosed that the government is left with a meager 24,000 tonnes of urea, while local urea manufacturers are left with zero stocks as a result of the 45 days feedstock gas curtailment. In addition, urea imports from Saudi Arabia are also in doldrums.
This alarming situation came from the Fertiliser Price Review Committee (FPRC) on Tuesday and has severely threatened the country’s food security. Restoration of gas to the fertilser industry is

Ministerial body to discuss urea price increase

ISLAMABAD – A ministerial committee will take up the issue of unilateral price increase of urea with the representatives of fertiliser industry here on Tuesday.
Taking strict notice of the increase in urea prices by manufacturers, the Ministry of Industries has convened a meeting of the Fertiliser Review Committee. The meeting would be chaired by the Minister for Industries and would be attended by federal ministers for agriculture and provincial agriculture ministers.

Govt seeks explanation from Engro on urea price hike

ISLAMABAD – Taking strict notice of a massive price hike of Rs 190 per bag of urea by the largest urea manufacturer in the country, Engro Fertilisers, the government has sought an explanation from the manufacturer. A spokesman of the ministry of industries said that under directives of the minister for Industries Mir Hazar Khan Bijarani, the ministry has taken a serious notice of a unilateral increase in the urea price of Rs 190 per 50 kg bag by Engro Fertilisers Limited.

0.2 million tonnes of urea arriving in January

ISLAMABAD: Federal Minister for Food and Agriculture Nazar Muhammad Gondal informed the National Assembly on Friday that the government will import 0.2 million tonnes of urea fertilizer from Saudi Arabia to offset any shortfall.
Replying to queries during the session, the federal minister said that gas load-shedding has adversely affected urea output which would have to be overcome by imports.
The imported urea will arrive in the country by January 2011, he added. The

Govt accedes on Rs 6 billion subsidy for urea importers

ISLAMABAD: The government conceded to importers and manufacturers demand to provide a subsidy of Rs 6.0 billion on the import of 0.225 million tonnes of urea during the current financial year.
This agreement was reached at a specially convened meeting of fertiliser importers and manufacturers with the government officials on Tuesday, sources said, adding that the importers would submit their import schedules to the government on Wednesday.
Sources stated that gas deficit in