Urea, DAP much costlier in
Pakistan
By
Imran Ali Kundi
ISLAMABAD
- The Pakistani farmers are paying more for fertilizers in
the region as prices of urea and DAP are much higher in the
country compared to the prices of neighbouring countries
including India, Bangladesh, Sri Lanka and Afghanistan and
also against international market.
The NPMC has observed that prices of urea and DAP are much
higher in Pakistan as compared to international market
wherein prices of urea and DAP have declined by 5.5 and 11.6
per cent respectively in last few months. The 9th National
Price Monitoring Committee meeting was held under the chair
of Secretary Finance Dr Waqar Masood Khan. The Committee
Chairman showed concern over the rising prices of urea and
DAP and directed the Ministry of Industries to look into the
matter. The Committee was informed that prices of urea and
DAP are higher in Pakistan as compared to India, Bangladesh,
Sri Lanka and Kabul whereas the International prices of Urea
and DAP have declined by 5.5 and 11.6 per cent respectively
since July 2011.
According to the figures of Pakistan Bureau of Statistics (FBS),
prices of urea have gone beyond 65 per cent in last one year
while DAP prices increased by over 35 per cent in one year
period. According to the figures, average urea price has
recorded at Rs 1,845 per bag during the week ended on 19
January against Rs 1,090 per bag of one year ago. Meanwhile,
DAP price has increased to over Rs 4,100 against Rs 3,139.
The NPMC also noted that
Sensitive Price Indicator monitored that prices of 53 items
have declined by 0.22pc during the week ended on Jan 19. Out
of 53 items, prices of 16 items increased as compared to
prices of 19 items in the previous week ended on 12-1-2012,
prices of 11 items decreased as compared to 9 items in the
previous week while prices of 26 items remained unchanged as
compared to prices of 25 items of the last week.
The committee advised FBS to compile the price data
pertaining to Juma/ Itwar Bazaars prices for submission to
the National Price Monitoring Committee meeting in future.
This practice may help to understand the reality of price
situation in order to gauge the direct impact on the common
man.
Federal Board of Revenue was also advised to apprise the
meeting about the import of essential items with time series
data for their effective monitoring in every NMPC.
The meeting was attended by the representatives from the
Provinces of Punjab, Sindh, Khyber Pakhthunkhwa, Islamabad
Capital Territory, and Ministry of Planning and Development,
Ministry of Industries, Ministry of Commerce, Food Security
Division, Cabinet Division, Federal Bureau of Statistics,
Federal Bureau of Revenue and Trading Corporation of
Pakistan.
Courtesy: The DAWN