Govt to provide Rs1 bln subsidy on fertilizer imports: Razak Dawood

ISLAMABAD, Jul 18 (APP):Adviser to the Prime Minister on Commerce,Textile, Industries and Investment, Abdul Razak Dawood said Thursday that the government would provide Rs 1 billion subsidy on import of fertilizers to facilitate the farmers and promote agriculture sector.

“About 100,000 tons of fertilizer would be imported to overcome the shortage in the local market besides containing its rising price,” Abdul Rzak dawood said while briefing the newsmen here adding the government would provide Rs1 billion subsidy on these imports.

He was of the view that there were sufficient stock of Urea available in the country to cater to the demands of Khareef season, however attributed the Rs 10 price hike in the fertilizer prices due to increase in prices of inputs including gas rates.