Agriculture
- Kharif Season: Fertiliser Makers Not In Favour Of Urea Import
Domestic chemical makers don't seem to be in favour of giant import of carbamide for Kharif season as they believe that spare stocks are obtainable for the approaching crop season. The Ministry of Industries & Production within the last meeting...
- 53,000 Tons Of Imported Urea To Arrive Today
Friday, 26 July 2013 A urea consignment of 53,000 tons, imported by Trading Corporation of Pakistan (TCP), will arrive here on Friday (today). In June this year, TCP had finalised a urea import deal with M/s Trammo for the import of 50,000 tons at $337.17...
- Import Of Urea: Approval By Ecc Turns Out To Be Mega Scandal
July 18, 2013 MUSHTAQ GHUMMAN The import of 0.3 million tons of urea recently approved by the Economic Co-ordination Committee (ECC) of the Cabinet has reportedly turned out to be a mega scandal as two ministries are challenging each other''s...
- Import 0.3 Million Tons Of Urea On Urgent Basis
July 11, 2013 RIZWAN BHATTI The federal government has directed Trading Corporation of Pakistan (TCP) to import 0.3 million tons of urea on an urgent basis for Kharif season. On the recommendation of ministry of industries, the Economic Co-ordination...
- 53,000 Tons Of Urea To Arrive
July 03, 2013 A ship carrying 53,000 tons of urea, imported by Trading Corporation of Pakistan (TCP) from international market, reaching Pakistan in the third week of this month. In January this year, the Economic Co-ordination Committee (ECC) of the...
Agriculture
Gas provision to fertilizer plants to help save foreign exchange: FMPAC
Fertilizer Manufacturers Pakistan Advisory Council (FMPAC) said government can save precious foreign exchange on account of urea import if it provides gas to local fertilizer manufacturer plants. Urea import is no permanent solution of rising urea demand by local fertilizer sector and best way to ensure less expensive and timely availability of urea to farmers is to produce it locally. 
FMPAC spokesman said here on Thursday that few fertilizer plants were completely shutdown due to closure of gas as part of winter gas load management plan by the government but there was no shortage of urea in the market. Spokesman demanded if any vested interest was found involved in hoarding, government should take stern action against them to ensure timely availability of urea to farmers at the prescribed rates.
He said local fertilizer plants had been trying to persuade the government to maximise the local urea production to avoid spending hundreds of millions of dollars each year on urea import and if government decided not to import urea, "we have ample capacity not only to meet the domestic urea requirements but also to export it."
FMPAC sources said "our economy is not in a position to drain precious foreign exchange on unnecessary urea import while we can produce it locally at relatively cheaper cost. The devaluation in rupee's value and appreciation in dollar's value has already made it an expensive affair." Country faced massive loss in urea production due to excessive gas curtailment in the past three years that has cost significantly to the country as GoP had to spend foreign exchange of US $1.5 billion and subsidy of around Rs 80 billion on the imports of 3.4 million tons during 2010-12.
Pakistan is self-sufficient in urea production and with consistent gas supply to these plants, government can ensure timely availability of this key farm input to farmers at the cost-effective rates and would also help GoP to reduce its fiscal deficit as well as subsidy spend.
Courtesy Business Recorder I News Collated by agrinfobank.com FMPAC spokesman said here on Thursday that few fertilizer plants were completely shutdown due to closure of gas as part of winter gas load management plan by the government but there was no shortage of urea in the market. Spokesman demanded if any vested interest was found involved in hoarding, government should take stern action against them to ensure timely availability of urea to farmers at the prescribed rates.
He said local fertilizer plants had been trying to persuade the government to maximise the local urea production to avoid spending hundreds of millions of dollars each year on urea import and if government decided not to import urea, "we have ample capacity not only to meet the domestic urea requirements but also to export it."
FMPAC sources said "our economy is not in a position to drain precious foreign exchange on unnecessary urea import while we can produce it locally at relatively cheaper cost. The devaluation in rupee's value and appreciation in dollar's value has already made it an expensive affair." Country faced massive loss in urea production due to excessive gas curtailment in the past three years that has cost significantly to the country as GoP had to spend foreign exchange of US $1.5 billion and subsidy of around Rs 80 billion on the imports of 3.4 million tons during 2010-12.
Pakistan is self-sufficient in urea production and with consistent gas supply to these plants, government can ensure timely availability of this key farm input to farmers at the cost-effective rates and would also help GoP to reduce its fiscal deficit as well as subsidy spend.
- Kharif Season: Fertiliser Makers Not In Favour Of Urea Import
Domestic chemical makers don't seem to be in favour of giant import of carbamide for Kharif season as they believe that spare stocks are obtainable for the approaching crop season. The Ministry of Industries & Production within the last meeting...
- 53,000 Tons Of Imported Urea To Arrive Today
Friday, 26 July 2013 A urea consignment of 53,000 tons, imported by Trading Corporation of Pakistan (TCP), will arrive here on Friday (today). In June this year, TCP had finalised a urea import deal with M/s Trammo for the import of 50,000 tons at $337.17...
- Import Of Urea: Approval By Ecc Turns Out To Be Mega Scandal
July 18, 2013 MUSHTAQ GHUMMAN The import of 0.3 million tons of urea recently approved by the Economic Co-ordination Committee (ECC) of the Cabinet has reportedly turned out to be a mega scandal as two ministries are challenging each other''s...
- Import 0.3 Million Tons Of Urea On Urgent Basis
July 11, 2013 RIZWAN BHATTI The federal government has directed Trading Corporation of Pakistan (TCP) to import 0.3 million tons of urea on an urgent basis for Kharif season. On the recommendation of ministry of industries, the Economic Co-ordination...
- 53,000 Tons Of Urea To Arrive
July 03, 2013 A ship carrying 53,000 tons of urea, imported by Trading Corporation of Pakistan (TCP) from international market, reaching Pakistan in the third week of this month. In January this year, the Economic Co-ordination Committee (ECC) of the...