Islamabad: Mr. Jhanagir Piracha, the Managing Director and CEO, Fauji Fertilizer Company called on the Federal Minister for Industries and Production, Rana Tanveer Hussain. Mr. Waseem Ajmal Chaudary, Secretary Industries and Production also attended the meeting.
Mr. Jahangir Piracha informed the Federal Minister that the Fertilizer Manufacturers of Pakistan Advisory Council have unanimously agreed to reduce prices of fertilizer urea in the country. He said that All fertilizer plants should formally be allocated and supplied gas exclusively from Mari Gas field under bilateral arrangements in accordance with applicable gas pricing policies.
As per proposal submitted by the Fertilizer Manufacturers of Pakistan Advisory Council, the government should ensure uninterrupted gas supply to the fertilizer industry for next 10 years from Mari Gas Field. This will ensure availability of affordable urea for our farmers and would also save foreign exchange on import of urea. If proposal is agreed by the government then the fertilizer industry do not require any subsidy in the future. This will also attract further investment in fertilizer production capacity and energy efficiency. The government should fix uniform price of fertilizer urea all over Pakistan to discourage hoarding by middleman and agencies.
The Federal Minister stated that the proposal submitted by the Fertilizer Manufacturers of Pakistan Advisory Council will be taken to relevant forum of Economic Coordination Council for a decision on the matter. The government is committed to take every step to ensure facilitation of the farmers in the kharif season.