September 17, 2018 (MLN): Government’s premier trading arm, Trading Corporation of Pakistan, on September 14^th 2018, invited bids from international companies to import 100,000 metric tons of urea, by October 15, 2018.

The tender invitations follow the approval from the Economic Coordination Committee chaired by Finance Minister Asad Umar, which gave a go-ahead for the import of urea in light of the deficit from domestic production of the commodity expected ahead of the Rabi crop season.

Last week, Information Minister Fawad Chaudhry had apprised the local media of the government’s decision to allow imports of 100,000 metric tons of urea and provide full gas supply to all the fertilizer plants in the country in order to ensure maximum domestic output from the local industry before the crop season.

He had also said that the import of urea is going to cost between $300-350 million to the country.

Copyright Mettis Link News

23139