Waheed Mahmood
ISLAMABAD: Under the directives of the Federal Minister for Industries and Production Mir Hazar Khan Bijarani, the ministry has taken a serious note of increasing unilaterally the urea price by Rs190 per 50-kg bag by Engro Fertilizers Ltd.
“This is indeed alarming”, says a statement issued by the Ministry of Industries and Production here Thursday. The statement said that it has been further ascertained that only one urea manufacturer has introduced this price increase, adding manufacturer has been asked to explain this increase immediately to the Fertilizer Price Review Committee (FPRC). Moreover, the government fully believes that, when sufficient stocks of urea are available in the country then there is no justification, at all, of increasing urea prices by one manufacturer, the statement added. It is pertinent to mention here that, as per commitment made by the manufacturers in the last meetings held in the Ministry, the manufacturers/ dealers were bound to print retail price on the urea bags.
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