Finance Minister, Senator Mohammad Ishaq Dar chaired a meeting on Wednesday to take stock of Urea prices in the country. The meeting discussed measures aimed at reduction in Urea prices in line with instructions given by the Prime Minister.
The Finance Minister highlighted the challenges that the agricultural sector, particularly small farmers are facing presently in the context of decline in international prices of commodities and higher cost of production. The Finance Minister impressed upon the Urea Industry to reduce their prices in line with the reduction in price of imported Urea. The price reduction will increase off take of Urea in the country leading to enhancement in farm productivity and higher growth of agricultural sector. He assured that the Government is considering to provide relief to farmers in Urea prices and the fertilizer industry is also required to contribute to this end in larger national interest. The representatives of the Urea Industry agreed to consider Government’s request.
The meeting among others was attended by Federal Minister for National Food Security & Research, Mr. Sikandar Hayat Khan Bosan, Secretaries of Ministries concerned, senior officials of provincial agriculture departments and senior executives of fertilizer industry.