ECC approves import of 100,000 MT Urea

BusinessECC approves import of 100,000 MT Urea

ISLAMABAD, Pakistan: The Economic Coordination Committee (ECC) has approved the proposal of the Ministry of Industries & Production for the import of 100,000 MT Urea.

The approval was accorded by the ECC in its meeting held in Islamabad on Friday with the Federal Minister for Finance & Revenue Senator Muhammad Aurangzeb in the Chair.

The decision to import 100,000 MT Urea was aimed at ensuring sufficient supplies of urea in the market. It will also ensure stability of prices of fertilizer during the cropping season.

The meeting was attended by the Minister for Industries & Production Rana Tanveer Hussain, Minister for Petroleum Musadiq Masood Malik, Minister for Power Sardar Awais Ahmad Khan Leghari, Minister for Economic Affairs Ahad Khan Cheema, Governor State Bank of Pakistan (SBP), Chairman Securities & Exchange Commission of Pakistan (SECP) Chairman Akif Saeed, Deputy Chairman Planning Commission Mohammad Jehanzeb Khan, Managing Director Pakistan Agricultural Storage & Services Corporation Limited (PASSCO) Sarfraz Durrani, Chairman Trading Corporation of Pakistan (TCP) Syed Rafeo Bashir Shah, Federal Secretaries, and other Senior Officials of the relevant Ministries.

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