Pakistan to import 50,000 tons of urea

Prime Minister Imran Khan chaired meeting of the Federal Cabinet in Islamabad today. The Cabinet approved amendment in bilateral air route between Pakistan and Tajikistan. This decision will reduce both air distance and travel costs.

The Cabinet allowed Kazakh Air Company (SCAT) to operate in Pakistan to start air travel between Pakistan and Kazakhstan. The decision will enable direct air travel between Pakistan and Kazakhstan and help boost bilateral trade. To promote trade between Pakistan and Central Asian countries, the Cabinet directed the Aviation Division to start work on finalizing air travel agreements with all Central Asian countries.

The Cabinet approved amendment to air travel agreement between Pakistan and Iraq. This decision will increase the number of commercial flights between Pakistan and Iraq.

The Cabinet approved extension of period for exchange of old Pakistani 10, 50, 100 and 1000 currency notes till 31st December, 2022.

The Cabinet was informed that there is no shortage of urea in the country at present. However, to ensure supply of urea fertilizer for Rabi crop in the country, the following approvals were given. – Sui Northern Gas Company will supply gas to urea plants by January 2022. – Gas supply to Pak Arab and Fatima Fertilizer Plants will be ensured. -The process of importing additional 50,000 tons of urea should be completed expeditiously. The cabinet was also informed that price of urea per sack in Pakistan is about Rs. 1864 while in other countries it is being sold at Rs. 10,000 per sack. The present government has taken huge and significant steps for the development of agriculture in the country and welfare of farmers.

The Cabinet was given a detailed briefing on sugar production and sugar prices in the country. – The Cabinet expressed satisfaction over the current stock and price of sugar. The Prime Minister directed that the strategic reserves of sugar be maintained so that prices remain stable.

The Cabinet also approved the issuance of the recommendations of the report of the Special Committee on Sugar Sector Reforms for public opinion. On the basis of humanitarian grounds, the process of obtaining Pakistani visas for Afghans has been further eased. After this decision, the security clearance required for obtaining a visa has been reduced from 30 days to 15 days.

It was also decided to further facilitate the registration process of international NGOs working for the welfare and assistance of the Afghan people. This decision has been made on humanitarian grounds and to aid people of Afghanistan. * Facility for Afghans immigrating to other countries through Pakistan has been extended for another 60 days. This facility includes travel by land and air routes.

It was also decided to make the process of obtaining Pakistani visa easier for the officials of international NGOs working for the welfare of the Afghan people. This decision has been made on humanitarian grounds and for helping people of Afghanistan. OGRA’s annual report for the year 2019-20 was presented to the Cabinet. The report comprise recommendations regarding the performance of Pakistan’s petroleum industry, production, supply and demand and improvement of the petroleum industry.

The Cabinet was informed that at present there is a 27-days stock of petrol and diesel. – 75 Exploration licenses generated revenue of Rs. 29 billion. – Safety standards for LPG cylinders are being improved and a public awareness campaign is underway. – 10 licenses were issued to LPG companies. – An audit is being carried out to prevent gas theft. – Action is being taken against those selling petrol at illegal petrol pumps and in plastic containers.

The Cabinet endorsed the decisions taken at the meeting of the Committee on Institutional Reforms held on November 24, 2021. CCIR Decisions – Merger of National Research Institute for Fertility Care Karachi with National Institute of Population Studies, Islamabad. ? The Cabinet ratified the decisions taken in the meeting of the Committee on Energy held on 02 December 2021. CCOE Decision – Tariff Protection (Deemed Duty) for Refineries – Report by Implementation Committee for renegotiation with IPPs under 2002 Power Policy (Rs. 134 billion paid to IPPs) The Cabinet ratified the decisions taken at the meeting of the Economic Co-ordination Committee (ECC) held on December 10, 2021.

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