ECC approved fertilizer import of 1.5 million tonnes from China

ECC approved fertilizer import of 1.5 million tonnes from China

ISLAMABAD, Jan 07 ( Alliance News): Federal Minister for Information and Broadcasting Chaudhry Fawad Hussain has said that the ECC has approved the import of 1.5 million tonnes of fertilizer from China.

The first ship of 50,000 tonnes of fertilizer will arrive on February 10. According to details But Chaudhry Fawad Hussain said that from January, 600,000 tons of local fertilizer will also start coming in the market.

He  said that despite the high prices in the world market, our farmers will not face any shortage of fertilizer as the government has already allowed 50,000 metric tons of urea fertilizer to be imported from China.

The fertilizer will be imported from the government under the agreement of the government. The meeting approved the recommendations of the Tariff Policy Board with some amendments.

Federal Minister for National Food Security and Research Syed Fakhr Imam, Federal Minister for Industries and Production Makhdoom Khusro Bakhtiar, Federal Minister for Energy Hamad Azhar, Federal Minister for Privatization Muhammad were present on the occasion.

Mian Soomro, Federal Minister for Water Resources Chaudhry Monis Elahi, Advisor to the Prime Minister on Trade and Investment Abdul Razzaq Dawood, Federal Secretaries and Senior Officers attended the meeting.

To make the tariff on import reasonable Presented a summary. The meeting discussed the summary in detail and approved the recommendations of the Tariff Policy Board with some amendments.

The forum also decided to review some recommendations related to the automotive sector after six months. The ECC, after deliberation, allowed the import of 50,000 metric tonnes of urea on a GOG basis with the People’s Republic of China subject to the approval of the Pakistan Standards and Quality Control Authority (PSQCA).

The Trading Corporation of Pakistan (TCP) was also tasked with negotiating prices with Chinese suppliers selected by the Chinese government for further import of urea.

Approved applications for technical supplementary grants offered by The Power Division’s application for TSG was also approved subject to conciliation with the Finance Division.

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