October 29, 2018 (MLN): As per Economic Coordination Committee (ECC)’s directives, the first consignment of 50,000 MT urea will reach Pakistan by mid of November, 2018, to ensure timely availability of the product to the farmers.
According to an official press release by the Ministry of Commerce & Textile, Commerce Division, Economic Coordination Committee (ECC) of the Cabinet, in its meeting held on September 10, 2018 directed Trading Corporation of Pakistan (TCP) to import 100,000 MTs of urea for Rabi Crop.
The decision was taken by the Federal Government to overcome the anticipated shortage of urea in the coming Rabi season and to provide timely relief to the farmers as agriculture is the backbone of Pakistan’s economy.
In pursuance of the said direction, TCP floated International Tender for the import of Urea.
The said tender was opened on October 22, 2018 and the contract has been awarded to the lowest bidder.
The timely import of urea will help maintain price stability of urea in the market.
In order to check the quality and quantity of imported urea, duly qualified Pre-shipment Company has been nominated by the management of TCP.
