PTI government decided to provide subsidised RLNG to three fertilizer plants to increase the urea production. There is a shortage of urea fertilizer in the country. The ECC meeting gives the permission which was presided over by Finance minister Asad Umer. The permission was granted to Fatima fertilizer, Agri tech, and Pak Arab fertilizer.
Three urea manufacturing plants that are presently non-operational will be supplied RLNG for a period of four months starting from September with 50 percent cost of RLNG being subsidized by the government and the remaining 50 percent by the respective manufacturing units. These plants will utilize their full potential and the decision to import fertilizer will be taken after taking into account their production capacity.
The ECC directed the Ministry of Industries and Production to workout figures/data about actual production and consumption of the urea during 2017-18 and the estimates for 2018-19, in consultation with the Ministry of National Food Security and Research and submit a report thereof to the ECC in its next meeting. In case of any shortfall in consumption of urea, the reasons may also be identified in the report.
It was also directed to workout total subsidy impact on running of all three plants i.e. Fatima fertilizer, Agri tech, and Pak Arab fertilizer. The windfall gains may be adjusted against the subsidy outstanding in favour of the fertilizer industry, under the fertilizer subsidy schemes which were in vogue during the preceding three financial years.
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22 August, 2019