Fertilizer Manufacturers of Pakistan Advisory Council (FMPAC) has unanimously elected Lieutenant-General Tariq Khan, HI (M) (retd) Chief Executive and Managing Director Fauji Fertilizer Company (FFC) as new Chairman on retirement of Lieutenant-General Shafqaat Ahmad, HI (M). The new incumbent, who brings with him a wide ranging experience to the council has pledged to continue the good work already being done by his predecessor to address the challenges faced by the fertilizer manufacturers.
The new chairman is fully conversant with the ongoing challenges faced by the fertilizer manufacturers. These are; the inconsistent subsidy policies by the government and delayed payments of claims, exorbitant cost of production due to high rate of GIDC, gas curtailments and frequent shutdowns of network based plants, accumulation of tax refunds due to widening gap between output and input GST, capping of urea prices and high cost of compression due to falling gas pressures of Mari Gas fields.-PR
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