PR No.130 FEDERAL MINISTER CHAIRS MEETING TO REVIEW THE DEMAND/SUPPLY SITUATION OF FERTILIZER Islamabad: January 16, 2017.
The Federal Minister for Finance Senator Mohammad Ishaq Dar chaired a meeting here at the Finance Division to review the demand and supply situation of fertilizer in the country during the current sowing season after the much awaited rainy spell. The Minister for Petroleum and Natural Resources Mr. Shahid Khaqan Abbassi also participated in the meeting.
Secretary Industries and Secretary National Food and Security gave a detailed briefing to the participants on the current situation of the available stocks of local and imported fertilizers available in the country. It was informed that besides locally produced stocks there is an additional stock of around 250,000 M tons of imported urea available at a subsidized price of 1200 per bag to benefit the farmers. It was stated during the meeting that the recent country wide rains will have a positive impact on the Rabi crop which will enhance the fertilizer demand.
`The Finance Minister expressed satisfaction over the available stocks of fertilizers in the country and asked the Ministry of National Food Security and Research to ensure uninterrupted supplies of fertilizer to the farmers as per direction of the Prime Minister.
The meeting was attended by the Finance Secretary, senior officials of the Ministries of Finance, Petroleum and Natural Resources, National Food Security & Research, Industries and Production.