ISLAMABAD – Pakistan is likely to import 0.1 million metric tonnes of urea from China to meet the shortfall in the country.
Officials in ministry of industries and production informed that government has recently decided to import 0.1 million metric tons of urea from China. The government in October had decided to import 0.1 million MT of urea. Later, the Economic Coordination Committee (ECC) of the Cabinet had granted exemption of Public Procurement Regulatory Authority (PPRA) rules for importing urea. Trading Corporation of Pakistan (TCP) had issued tender on October 22, 2021, which was opened on November 22, 2021 but no bid was received. However, now the federal government has decided to import 100,000 MT of urea from China.
“The government is finalizing import of urea which will reach Karachi by mid-December for maintaining buffer stocks of urea,” said another official of the ministry of industries and production. He further said that there is an ample amount of urea available for Rabi season as the government has arranged for additional production of 2,25,000 tons over last year by extending the operations of Northern plants and FFBL till February. In addition to these measures, the government is importing urea for maintaining buffer stocks of urea.
Despite sufficient stock, urea is selling at high prices in different parts of country as compared to official prices
On the other hand, despite sufficient stock, urea is selling at high prices in different parts of the country as compared to the official prices. Urea is selling at Rs2,100 to Rs2500 per bag in the market whereas the factory rate is approximately Rs1,750. Meanwhile, DAP fertiliser is available above Rs9,000 to Rs9500 per bag while the factory rate is around Rs8,250. However, the ministry of industries and production had in last week had claimed that the urea prices had been restored to controlled rates ie Rs1768/bag by taking punitive measures in Punjab. The pricing structure is being maintained in other provinces.
According to the Federal Minister for Industries and Production Makhdum Khusro Bakhtyar, the demand of urea would be met through domestic production. He said that the government ensured the uninterrupted gas supplies to the plants for boosting domestic production for Rabi season.
The fertilizer industry had already launched a massive awareness campaign among the farmers about the prescribed prices of the urea fertilizer and asked them not pay higher prices, besides report the profiteers and hoarders of urea to the government authorities. An official of the Fertilizer Manufacturers of Pakistan Advisory Council (FMPAC) recently stated that the industry supports steps taken by the government to manage hoarding and resultant profiteering on Urea. The industry has extended its full support to the government to identify any hoarding and overcharging activities. Dispatch information is being provided to the government authorities on a daily basis who are now supervising sales.
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