ECC pronounces new costs for Urea fertilizer

The Economic Coordination Committee (ECC), together with different selections, has introduced the brand new value for a bag of Urea fertilizer, ARY News reported. 

A session of the ECC, headed by Finance Minister Miftah Ismail, was held on Thursday. The committee introduced the brand new value of Urea fertilizer, the value has been set at Rs 2150.

According to the assertion issued by the ECC, the committee accepted the Rs 50 billion on the spot loans for Pakistan State Oil (PSO) and a grant of Rs142 million was accepted for Pakistan International Airlines (PIA). The assure restrict of Rs105 has been accepted for PSO.

The settlement for monetary cooperation between the Roosevelt Hotel and National Bank was signed within the session. The ECC additionally introduced the brand new value of Urea fertilizer, the value has been fastened at Rs 2150. The sellers’ margin per bag of urea has additionally been elevated to Rs 50, the assertion learn. The new costs will likely be utilized from July 26, it added.

On July 2, the federal authorities elevated the costs of Urea and DAP fertilizers by Rs450 & Rs2,751.

Also Read: Govt will increase Urea & DAP fertilizer costs

According to particulars, the value of Urea and Diammonium Phosphate (DAP) fertilizers was elevated by the federal authorities. The value for a bag of Urea had been elevated by Rs450 whereas the value for DAP has been elevated by Rs2,751 from Rs9500 to Rs12251.

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