TCP UREA welcomes talks with GES in Pakistan
Mr Asad, GES Director Pakistan, today invites international business members in Pakistan’s UREA trade to join GES in talks
The Pakistan government is likely to hand over urea import and distribution business to local fertilizer companies as massive corruption and mismanagement have been reported in the National Fertilizer Marketing Limited (NFML), a subsidiary of Ministry of Industries and Production (MoI&P), well informed sources told Business Recorder.
The sources said, Economic Co-ordination Committee (ECC) of the Cabinet which is scheduled to meet on Thursday (today) will discuss ways and means to eliminate corruption in NFML. “Finance Minister, Senator Ishaq Dar has proposed import of urea through local fertilizer companies on the basis of allocated quota aimed at providing fertilizer to farmers at fixed rates,” the sources added.
Current concerns raised by Pakistan farmers: banking charges and delays in the process, not to mention high level of corruption.
Pakistan will face half a million metric tons urea fertiliser shortfall during kharif season 2014. Mr Asad added. Pakistan has faced many setbacks in the past 10years, but now we look only to the future, a greener future with the help of International Corporation Such As GES.
Mr. Rizwan Ahmed CEO ,Trading Corporation of Pakistan (TCP)