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The government has reduced urea fertiliser price from Rs2,040 per 50kg bag to Rs1,665 to provide relief to the farmers.

Pakistan Kissan Ittehad (PKI) President Khalid Mahmood Khokhar said that following notification to waive off almost entire Gas Infrastructure Development Cess (GIDC) on gas consumed by fertiliser manufacturers, the Fauji Fertilizer Company (FFC) and the Fatima Fertilizer have reduced the price of 50kg urea bag by up to Rs300 instead of Rs400.

Both the companies have reduced urea fertilizer price from Rs2,040 to Rs1,740, he said.

Khokhar said that during a meeting with Prime Minister Imran Khan on February 25, he raised this issue of not passing on the full impact of the GIDC waiver, and the premier took notice of the situation.

The prime minister issued directives to ensure reduction in urea price, he said.

Khokhar alleged that another fertilizer company had only reduced 50kg bag of urea price by Rs160 instead of Rs400.

This fertiliser company is selling at Rs1,880 per bag.

He said that he would soon write a letter to the prime minister to ensure that all companies should fully pass the impact of the GIDC to the farmers.

The PKI president said that he had a meeting with Federal Minister for National Food Security and Research Makhdoom Khusro Bakhtiyar.

A senior official said that during the meeting Bakhtiyar said that the price of 50kg urea bag had been reduced by Rs375 to provide relief to the farmers in line with the vision of the government.

The minister said that the government was cognizant of the issues being faced by the farmer community and was undertaking measures to resolve them.

"The development and modernization of agriculture sector was high priority of the present government, which was evident from initiation of various agriculture programmes," he said.

The minister apprised that prices of fertiliser had declined due to waiving off of GIDC, and measures were being taken to ensure uninterrupted fertiliser supply to the farmers.

The official said that during the meeting, issues of cotton crop and electricity supply to the farmers were also discussed.

Copyright Business Recorder, 2020

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