The Economic Monitoring Committee (EMC) which met here on Monday directed the Ministry of Industries and Production to submit details of the proposed Ramzan Package to be announced for giving relief to consumers on essential food items' prices.
The Minfal briefed the committee on subsidy being provided on DAP to keep prices stable and affordable for crops of growers. The Minfal has signed agreement with relevant Saudi authorities for urea import for $125 million per ton to meet domestic crop yield related input. The Minfal was advised to finalise urea prices per bag that should include transportation charges.
The Minfal informed that the NFC has been tasked to distribute urea through their especially expanded sales network, besides using the USC network. The Minfal also briefed the committee about continued stability of food grains prices. It was informed that urea demand and supply position inclusive of prices shall further stabilise in consideration of special measures put in place.
DAP prices also remain stable in all the provinces. Internationally DAP prices are likely to go down once newly-installed overseas manufacturing DAP production plants go into operation for regional stability. The committee directed the Minfal to compare domestic, regional and international market wheat and rice prices for a uniform decision making after completing necessary homework that should take into account Rabi and Kharif crop-related factors.
The Minfal further informed the committee that a uniform list of urea distributors/dealers has been finalised and provincial governments and DCOs have been updated to ensure sufficient delivery system so that crop growers in all the four provinces are provided the vital input to maximise production.
The committee directed the Ministry of Water and Power to complete necessary homework and submit proposal for energy conservation. It further directed the Ministry of Petroleum to submit comprehensive proposals for conservation of petroleum products' countrywide consumption to address the problem of enhanced oil import bill, besides fast tracking their receivables to improve budgetary cushion.
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