ISLAMABAD, Pakistan: The Ministry of Industries and Production has recommended import of 0.200 million metric ton of Urea fertilizer to stabilize prices and supply in the Country during the Kharif Season-2024.
The decision was taken in the meeting of the Fertilizer Review Committee after analyzing consumption pattern, available stock and future needs during the Kharif Season-2024.
The Federal Minister for Industries and Production Rana Tanveer Hussain shared that demand for urea fertilizer has increased 3.6% than previous year.
The anticipated demand for Kharif Season is approximately 3442 metric ton.
The available stock is approximately 3192 metric ton in the Country. The shortfall will be met by importing 0.200 million metric ton and rest will be meet by increasing production in the local fertilizer plants.
All local urea fertilizer plants will remain operational at full capacity to meet local demands.
In this regard, government is ensuring smooth gas supply to the fertilizer industry.
The federal minister also said that the purpose of import is to ensure food security in the Country. This will also increase the productivity of Pakistan’s farmers.
The timely import of urea fertilizer will reduce the price significantly and local urea fertilizer market will be stabilized.
The final decision to import urea fertilizer will be taken by the ECC in the next meeting.
