March 19 ( Agencies) In a significant development, The ECC has given a go ahead for the supply of indigenous gas to fertilizer plants.
This approval would cater the Urea requirements especially in the upcoming Kharif crops season.
Minister for Finance Ishaq Dar chaired the meeting of the ECC of the Cabinet.Federal Minister for Power Khurram Dastgir Khan, Federal Minister for Industries and Production Syed Murtaza Mahmud, Federal Minister for Commerce Syed Naveed Qamar, Shahid Khaqan Abbasi MNA/Ex-PM, SAPM on Finance Tariq Bajwa, SAPM on Revenue Tariq Mehmood Pasha, SAPM on Government Effectiveness Dr. Muhammad Jehanzeb Khan, Federal Secretaries and other senior officers attended the meeting.
The concerned ministry presented details on the demand, production and domestic production gap of urea fertilizer in the country for the 2023 kharif crops.
According to statement shared by the ministry, the Ministry has formally decided to convey concerned department for the further action.
“Setting aside the option of importing the urea fertilizer, the ECC decided and directed Petroleum Division to supply indigenous gas to urea fertilizer plants till 31st May, 2023 to meet the urea requirement in the country for Kharif 2023,” read the statement.
Meanwhile, the ECC has also approved an extension in sugar export time from 45 days to 60 days for shipment.
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