ECC allows import of 200,000 MT of Urea on deferred payments
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May perhaps 16, 2022 (MLN): The Financial Coordination Committee (ECC) of the Cupboard on Monday authorized the Buying and selling Corporation of Pakistan (TCP) to check out the risk for the import of 200,000 MT of Urea on governing administration to federal government (G2G) foundation and on a deferred payment.
Federal Minister for Finance and Profits Mr Miftah Ismail presided above a conference of the Financial Coordination Committee (ECC) of the Cupboard at the Finance Division now.
In accordance to the information, the Ministry of Industries and Creation submitted a summary on import of Urea and presented that Govt intends to produce improved stock for Urea fertilizer to assure continuity of Urea supply during up coming economic year and requested for permitting import of Urea from the global current market in order to stabilize the regional sector.
The ECC after discussion allowed the Trading Company of Pakistan (TCP) to check out the possibility of import of 200,000 MT of Urea on a G2G basis and on deferred payment.
Federal Minister for Industries and Manufacturing Makhdoom Syed Murtaza Mehmood, Minister of State for Finance & Revenue Dr Aisha Ghous Pasha, Minister of State for Petroleum Mr Musadik Masood Malik, Federal Secretaries and senior officers attended the meeting.
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