Fertiliser Sector: Subsidy notification still awaited
The industry, meanwhile, has started passing subsidy impact to the farmers
Fertiliser prices in Pakistan are generally set at subsidised rates by the government, in accordance with similar policies of regional countries. PHOTO: EXPRESS
LAHORE:
Disbursement mechanism for fertiliser subsidy has not been notified so far, adding to the anxiety of the industry which is already running from pillar to post for release of subsidy pledged in the new budget, industry stakeholders said on Monday. The federal budget was passed on 13 June and was supposed to be followed up by issuing various Statutory Regulatory Orders by the Federal Board of Revenue (FBR) and notifications by relevant ministries. The industry, meanwhile, has started passing subsidy impact to the farmers instead of hiking the prices or stopping sales after a brief hiatus which was ended on assurances from the finance ministry.
Published in The Express Tribune, July 25th, 2017.
Disbursement mechanism for fertiliser subsidy has not been notified so far, adding to the anxiety of the industry which is already running from pillar to post for release of subsidy pledged in the new budget, industry stakeholders said on Monday. The federal budget was passed on 13 June and was supposed to be followed up by issuing various Statutory Regulatory Orders by the Federal Board of Revenue (FBR) and notifications by relevant ministries. The industry, meanwhile, has started passing subsidy impact to the farmers instead of hiking the prices or stopping sales after a brief hiatus which was ended on assurances from the finance ministry.
Published in The Express Tribune, July 25th, 2017.