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Articles for tag: fertilizer, Gas, increase, natural, price, requested, units

February 18, 2024

News Desk

An increase in the price of natural gas for fertilizer units is requested

Islamabad: The government has started discussions on raising gas prices for the remaining six fertilizer units with a view to averting the possibility of a windfall of about Rs 100 billion due to its earlier decision to raise prices for only four units. The issue of gas prices in the range of 175%, or Rs 1,017 per mmbtu, may go to the Economic Coordination Committee (ECC) of the Cabinet next week, along with another proposal to prioritize gas allocation to industrial sector, according to government sources. Earlier this month, the Special Investment Facilitation Council (SIFC) approved prioritizing the supply of

February 11, 2024

News Desk

The government is considering increasing the price of urea

The Finance Department has reiterated its stand that no additional subsidy will be provided for supply of urea once the proposed basket price mechanism is implemented. photo: file Islamabad: The government is considering allowing fertilizer makers to raise urea prices by up to Rs 358 per bag, shifting the entire import burden of over Rs 30 billion to farmers. As part of the scheme, manufacturers were granted the basket price of imported and locally produced urea to pass on the full burden of Rs 220,000 worth of imported urea to farmers. Agritech, a prominent player in the industry, has proposed

January 17, 2024

News Desk

DAP fertilizer sales up 31%, urea stagnant

LAHORE: In Pakistan’s agricultural landscape, the fertilizer sector is experiencing a remarkable shift as diammonium phosphates (DAP) take the lead with a significant 31% increase in uptake in Calendar Year 2023. In contrast, urea, a key fertilizer for farmers, showed marginal growth, remaining essentially stagnant over the same period. According to Optimus Capital Management, urea intakes for CY23 reached 6,642 Kilo Tonnes (KT), a modest increase from 6,612 KT in CY22. Meanwhile, DAP withdrawals for CY23 showed a significant increase, reaching 1,576 KT compared to 1,201 KT in CY22. Breaking down total availability, including local production and imports, urea recorded

January 16, 2024

News Desk

A crackdown was ordered against fertilizer hoarders

Islamabad: The Special Investment Facilitation Council (SIFC) has directed provincial governments to launch a nationwide crackdown on fertilizer aggregators and has also asked tax authorities to start auditing urea companies and their dealers. Chief of Army Staff General Asim Munir has directed chief ministers and chief secretaries of provinces to start cracking down on individuals and companies involved in urea hoarding, officials aware of the development said. The development came after the federal and provincial governments failed to protect the interests of poor farmers, who were forced to pay Rs5,500 to Rs6,000 for a bag of urea against the normal

January 6, 2024

News Desk

Kitchens in Karachi get cold as SSGC favors fertilizer plants in winter

Sources say fertilizer plants are still operating due to which gas supply is interrupted in residential areas Flames shoot from a domestic gas ring of a furnace in Durham, Britain, September 23, 2021. — Reuters KARACHI: Millions of kitchens in Karachi have gone cold as utilities divert gas meant for domestic consumers to fuel factories in blatant disregard for the plight of people, unable to cook food or keep their homes warm as winter sets in at worst. According Geo News, a decrease in natural gas supply is observed in the last days of the week. In some areas, natural

January 4, 2024

News Desk

Why is organic fertilizer not used?

KARACHI: Facing the shortage of inorganic fertilizers, agricultural experts and researchers have emphasized the need to integrate organic fertilizers into the chemical nutrition of the soil. This integration could reverse the degradation process and enhance crop yield in a sustainable manner. They said growers avoid using organic fertilizers because the nutrient concentration of native/organic manure is low. To meet the nutrient requirements of today’s high-yielding varieties, these fertilizers would be needed in massive amounts. Furthermore, the release of nutrients from organic fertilizers during decomposition is a slow and time-dependent process. “Now, the soil has lost its ability to break the

January 2, 2024

News Desk

The Prime Minister orders the crackdown on fertilizer hoarders

KARACHI: Caretaker Prime Minister Anwaarul Haq Kakar has directed authorities concerned to launch a crackdown on fertilizer hoarders, smugglers and speculators, stating that there is enough available stock of urea for the current wheat season in the country. A statement from the PM Office Media Wing by APP, Press Information Department (PID), Karachi, said, “Caretaker Prime Minister Anwaarul Haq Kakar said on Monday that enough urea fertilizer was available in the country to meet the requirements and directed the initiating legal proceedings against those involved in its hoarding and illegal profiteering. Those who exploit farmers by stockpiling urea fertilizers will

December 28, 2023

News Desk

Despite progress, challenges remain in the agricultural sector

LAHORE: Pakistan’s agriculture sector has been in the limelight throughout the calendar year 2023 but has not seen significant improvement despite some supportive measures and relief packages announced by the government. Battling the aftermath of massive floods in the 2022 monsoon, the agriculture sector, called the backbone of the rural economy, has somehow managed to achieve better production of a few crops. These included maize production of 10.8 million tonnes, cotton harvest of 8 million bales so far – a marked improvement over the previous year and staple wheat crop of 27.634 million tonnes. Despite improved harvests of these staple

December 27, 2023

News Desk

The Sindh government imports urea worth Rs 4.5 billion

KARACHI: In a strategic move guided by the advice of the Sindh Agriculture Department, the Sindh caretaker government has opted to import 52,800 metric tonnes of urea at a cost of around Rs 4.5 billion for the ongoing Rabi crop season 2023-24, its Agriculture Minister revealed. Sindh, Syed Aijaz. Ali Shah in an update shared with Express Tribune. This decision, born out of necessity, was taken during a recent cabinet meeting of the caretaker government of Sindh. Although it was a bitter pill to swallow, the Sindh government was forced to shoulder the cost due to the federal government’s directive

December 26, 2023

News Desk

Fertilizer shortage grips Sindh during the sowing season

KARACHI: Hard-pressed farmers in Sindh are grappling with a severe shortage of fertilizers, significantly affecting wheat sowing and vegetable cultivation. The scarcity, if not addressed early, could escalate into a looming threat to food security, frustrated farmers warn. Growers are calling on the authorities to take immediate steps to ensure uninterrupted availability of fertilizers in local markets. The issue gained emphasis when government intervention led to price hike and rampant black marketing of Urea and Diammonium Phosphate (DAP) fertilizers. Speaking to The Express Tribune, Sindh Abadgar Board (SAB) Chairman Syed Mehmood Nawaz Shah emphasized the primary responsibility of the government

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