Advertisement
Advertisement
Advertisement
Advertisement
Review committee to take strict action against fertiliser hoarders

Review committee to take strict action against fertiliser hoarders

Review committee to take strict action against fertiliser hoarders
Advertisement

ISLAMABAD: The Fertiliser Review Committee has asked the provincial governments to take strict action against hoarders and those engaged in black marketing of fertilisers.

Federal Minister for Industries and Production Makhdoom Khusro Bakhtyar, who chaired the meeting, expressed concern over the hoarding of an essential commodity for farmers and asked the provincial governments to take strict action against hoarders and those engaged in black marketing of fertilisers.

Seeking to allay issues related to supply of crop nutrients, the minister said that the government took all measures, including uninterrupted gas supply to the fertiliser plants to ensure well-timed availability of urea fertiliser to the farmers at affordable prices; but the government would not tolerate market exploitation by fertiliser dealers, he added.

He urged the representatives of the fertiliser industry to blacklist such exploiters to smoothen the supply chain of urea countrywide.

The government is closely monitoring distribution and supply of fertilisers to ensure soil nutrients are made available to the farmers at affordable prices during the Rabi season.

Advertisement

The minister also formed a task force committee to monitor the situation pertaining to supply side, marketing balance and regional diversion plan to fill the gap between the supply and demand of urea across the country.

The meeting also discussed the urea supply and demand position in the country. It was brought to the attention of the chair that various dealers have hoarded 0.45 million tonnes of urea and gained an absorptive profit of Rs50/bag.

The meeting was also informed that owing to the current stock of urea, the fresh consignment of 100,000MT urea will be arriving in the first week of December in the country.

The fertiliser manufacturers commended the positive role of the government for ensuring gas supplies to the urea plants for production enhancement across the country.

They reaffirmed that fertiliser manufacturers would support the government’s measures to protect the farmers in the supply chain of soil nutrients.

Minister for Energy Hammad Azhar, Minister for Food Security and Research Syed Fakhar Imam and representatives of the fertiliser manufacturers were also present in the meeting.

Advertisement

Also Read

ECC approves gas allocation for Pak Arab, FFBQL to meet fertiliser demand
ECC approves gas allocation for Pak Arab, FFBQL to meet fertiliser demand

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Monday approved...

Advertisement
Advertisement
Read More News On

Catch all the Business News, Breaking News Event and Latest News Updates on The BOL News


Download The BOL News App to get the Daily News Update & Follow us on Google News.


End of Article

Next Story