Following are the key takeaways:
- Federal Minister for Industries & Production, Rana Tanveer Hussain, emphasized that fertilizer companies should not exploit farmers by charging excessive profits. He insisted on a uniform urea price across Pakistan for the farmers’ convenience.
- A Fertilizer Review Committee meeting, attended by provincial agriculture secretaries and representatives from major fertilizer companies, discussed the undue price hike of urea and the need for a rollback.The meeting proposed uniform pricing for urea and third-party audits to determine production costs and profit margins. Additionally, the Economic Coordination Committee approved the import of 200,000 metric tons of urea to meet requirements for Kharif 2024, based on the Ministry of Industries and Production’s recommendation.
- The government, determined to maintain a fair profit margin for fertilizer companies, plans to conduct a third-party audit to assess production costs and profits. Additionally, it pledges to ensure a steady gas supply to the industry.
More at : Fertiliser companies must not be allowed to take undue profit, says Rana Tanveer (nation.com.pk)
