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IGI Securities Limited – Investor Kit

Date: February 15, 2016 Author: newsfeed.pk Category: General Business News Short URL Comments: 0

Karachi, February 15, 2016 (PPI-OT): Fertilizers

The fertiliser manufacturers are putting up strong resistance to a proposal that calls for allowing the private sector to import urea for bridging the demand-supply gap and breaking the monopoly of domestic producers. In the local market, a 50kg urea bag is available at Rs1,900 compared to Rs1,500 in the international market. The minister of national food security and research, who himself is a farmer, believes that private-sector importers could fill the gap and stabilise the country’s market.