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Imported urea price fixed at Rs.1200 per bag

11:24 AM | 27 Sep, 2016
Imported urea price fixed at Rs.1200 per bag
ISLAMABAD - Economic Coordination Committee (ECC) of the cabinet here on Monday has approved the reduction in price of imported urea fertiliser and fixed its price at Rs. 1,200 par bag.

The ECC which met here with Federal Minister for Finance Senator Mohammad Ishaq Dar in chair approved the reduction in price of imported urea fertiliser lying with National Fertiliser Marketing Limited (NFML).

The summary of reduction in imported urea price was presented by Ministry of Industries and Production, a statement issued by the Ministry of Finance said.

The ECC had earlier fixed the price of the imported urea at Rs.1,310 per bag.

The ECC had earlier formed a committee headed by Secretary Industries and Production to propose steps for the enhancement of sales of the imported urea.

The committee in today’s meeting presented its report and suggested measures to boost the sales and recommended reduction in price.

The ECC after detailed deliberations reduced the price to Rs. 1,200 per bag in order to enhance the sales of the commodity to boost agriculture output.

The meeting also accorded approval to the proposal of the Ministry of Finance for the issuance of Sukuk, 2016 and it was informed that as the international rating agencies have improved the ratings of Pakistan, the current issue of the Sukuk is expected to bring in a better yield.

Finance Division also requested the exemption of certain taxes and duties for making the sale of the Sukuk a desirable transaction for the foreign investors, which was approved by the ECC.-APP

The author is working as Editor Digital Media for Daily Pakistan and can be reached @ItsSarfrazAli.

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Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 25 Feb 2024 forex rates

Pakistani rupee remains stable against US dollar in the open market on February 25, 2024 (Sunday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.5 for buying and 282.55 for selling.

Euro currently stands at 302 for buying and 305 for selling while British Pound rate stands at 352.5 for buying, and 356 for selling.

UAE Dirham AED hovers at 76.1 whereas the Saudi Riyal saw slight increase, with new rates at 74.35.

Today’s currency exchange rates in Pakistan - 25 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.5 282.55
Euro EUR 302 305
UK Pound Sterling GBP 352.5 356
U.A.E Dirham AED 76.1 76.8
Saudi Riyal SAR 74.35 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.88 751.88
Canadian Dollar CAD 207 209
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.76 36.11
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 908.79 917.79
Malaysian Ringgit MYR 58.6 59.2
New Zealand Dollar NZD 171.68 173.68
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 726.53 734.53
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207 209
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 317.87 320.37
Thai Bhat THB 7.79 7.94

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