The Ministry of Industries and Production has started the process of consultation with stakeholders for the finalization of new 'National Fertilizer Policy' which is set to be unfolded within this year. National Fertilizer Corporation (NFC) CEO /Managing Director Engineer Omar Saeed Malik told Business Recorder here on Tuesday that the proposed 'National Fertilizer Policy' would be balanced one and would safeguard the interests of both the farmers as well as manufacturers. "The draft of the policy is under review and the Ministry of Industries and Production is actively engaged with all the stakeholders for evolving a balanced policy which will be beneficial for the stakeholders."
He further said that there would be focus on the benefit of the farmers in the proposed policy while private sector would also get due share. He added that safeguarding the rights of farmers is prime focus of the government policies. To another question, Omar Saaed Malik said that there is a need to establish 'Fertilizer Regulatory Authority' at the federal government level. The proposed authority may be tasked to monitor imports, investments, demand and supply situation, quality and price, he said, adding: "The Authority may administratively work under the control of Ministry of Industries and Production."
The NFC CEO/MD also suggested that there must be strategic reserves of Urea of 200,000 tones to meet any unexpected situation. However, he added that at present the current supply and demand situation is stable. To a query, he said fertilizer review committee meets regularly to review supply and demand situation of Urea. He added that the decision regarding import of Urea is taken by the committee after due consideration.
Comments
Comments are closed.