Urea Prices in Pakistan to shoot upwards

Urea Prices in Pakistan to shoot upwards
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ISLAMABAD: Urea Prices in Pakistan are likely to go up immediately with the withdrawal of the government subsidy

With the government's surprising move to withdraw subsidy on fertilizers that was provided in the last Federal Budget , there is a high likelihood of increase in urea's Maximum Retail Price (MRP) by Rs200/bag to Rs1,600/bag.

According to industry sources, there is a strong possibility of increase in urea's MRP by Rs200/bag to Rs1, 600/bag to compensate for the withdrawal of cash subsidy, Rs156/bag, and the hit manufacturers agreed to take at the time of subsidy announcement Rs50/bag.

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