Finance minister acknowledges positive contribution of local DAP manufacturers
Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar presided over a meeting with DAP manufacturers on Fertilizers (DAP) at Finance Division on Thursday.
Federal Minister for Industries and Production Syed Murtaza Mahmood, SAPM on Finance Mr. Tariq Bajwa, Secretary Finance, MD FFBL Mr. Arif ur Rehman, Head Corporate Affairs FFBL Brig. Edgar Felix, CFO FFBL Mr. Javed Akhtar, and other senior officers form Finance division attended the meeting.
The FFBL delegation briefed the Finance Minister about the contribution through local DAP manufacturing to national exchequer by FFBL, as it is the only DAP producer in the country.
It was shared that local DAP manufacturing ensures round the year availability and shield the farmers from vagaries of international market. They also apprised the Finance Minister about the various issues being faced by them due to expensive inputs, power shortage, GST, etc.
Federal Minister Senator Mohammad Ishaq Dar acknowledged the positive contribution of local DAP manufacturers and commended the local production of DAP makes the production not only more competitive but also significantly reduces the overall cost of production.
The Finance Minister apprised the FFBL delegation about the ongoing economic situation of the country regarding huge loss due to devastating floods and the reconstruction and rehabilitation efforts.
The Finance Minister further shared that present government is keenly focusing upon giving relief to farmers to ensure smooth production of goods in the country and stressed the Fertilizer Manufacturers to reconsider the price of DAP Fertilizer.
The meeting discussed in details on the price of Fertilizer (DAP) and Fertilizer manufacturers agreed to consider significant reduction in the price of DAP. The Finance Minister thanked the DAP manufacturers for their cooperation.
