Federal Minister orders third-party audit of fertilizer production costs

June 21, 2024 (MLN): Federal Minister for Industries and Production, Rana Tanveer Hussain, directed on Thursday that a third-party audit be conducted to determine the production costs of fertilizer companies.

This initiative aims to ensure transparency and fair pricing in the industry.

He made these remarks while chairing a Fertilizer Review Committee meeting which was also attended by Federal Secretary Industries and Production, Dr. Muhammad Fakhre Alam Irfan.

The meeting reviewed the stock availability, demand, and prices of urea in the country. Rana Tanveer Hussain said that there is no shortage of urea fertilizer in the country and uninterrupted supply of gas to fertilizer companies are being provided to ensure smooth production of urea.

He also directed fertilizer companies to review the performance of dealers and agencies, and instructed provinces to verify fertilizer dealers and agencies, with any ghost dealers and agencies to be blacklisted.

The minister emphasized that fertilizer companies must ensure the supply of fertilizer to the provinces. The Fertilizer Review Committee meeting will now be held weekly to monitor the situation.

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