ECC fixes Rs.1712 for imported urea price per 50 kg bag

December 17, 2018 (MLN): Economic Coordination Committee of the Cabinet (ECC) in its meeting in Islamabad on Monday approved price of imported urea Rs.1712 per 50 kg bag for National Fertilizer Marketing Limited dealers.

According to the press release, ECC had directed the Trading Corporation of Pakistan on 10th September 2018 to import 100,000 MT Urea to ensure availability of sufficient stocks in the country to meet the requirements in the Rabi season.

Moreover, ECC discussed and approved proposal of the Ministry of Commerce to amend the Export Policy Order (EPO) 2016, to the effect that the export of ethanol and other products manufactured from cane molasses shall be subject to the condition that cane molasses used in production of ethanol and other products manufactured from cane molasses being exported is either produced in-house by the exporter or purchased directly from a sugar mill.

The ECC was informed that due consultation had been carried out with FBR as well as the Sugar manufacturers, on the proposal.

The meeting was chaired by Finance Minister Asad Umar.

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