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Asad Umar to chair ECC meeting today

Islamabad: The Economic Coordination Committee (ECC) of the Cabinet will have its meeting on Monday (Today) to discuss the market prices of the urea .

The committee will be led by Federal Finance Minister Asad Umar and will take place around 3:00PM.

The prices of the urea will be determined and government is likely to give subsidy in the urea price.  According to resources, the approved subsidy by the government will be Rs.50 per bag

The availability of the urea will also be discussed and government will ensure that it is being sold at the subsidized prices. The prospects of future imports will also be discussed.

The market price of imported urea is currently Rs1730 per bag and subsidized price will be decided after the ECC meeting.

ECC committee earlier in September allowed the import of Urea up to 100,000 tonnes and it was also decided that urea production must be increased in the country and gas supply be given to fertilizer plants.

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