Small farmers to benefit from reduced fertilizer prices: Dar

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ISLAMABAD, Jun 4 (APP): Federal Finance Minister, Mohammad Ishaq Dar on Saturday said that small farmers would take benefit from the reduced fertilizer prices, announced by the government in the federal budget for the year 2016-17.

Addressing a post-budget press conference here, he said, the prices of Urea fertilizer has been reduced by Rs.400 per bag from Rs. 1800 to Rs.1400 while the prices of DAP has also been cut from 2800 to 2500, providing Rs 300 per bag relief to provide relief to farmers.

The Minister said, the sales tax of 7 per cent imposed on the pesticides has also been abolished.

He said, the per unit electricity charges for tubewells has been reduced from Rs.8.85 plus sales tax to Rs.5.35, adding the provinces have been requested to adjust sales tax keeping in consideration to provide relief to farmers.

Responding to a question, he said, the agriculture relief package was devised in consultations with farmer representatives, chambers of commerce and other stakeholders.