ISLAMABAD – Federal government has decided to fix the price of importedUrea at a level lower than the local one.
The price of imported urea may be fixed at Rs1,660 per bag by thegovernment, which would be Rs50 per bag less than prices of local urea.
In this regard, the decision will be reached by the Economic CoordinationCommittee (ECC) on Monday, reports *Business Recorder.*
According to informed sources, urea is being sold in main Punjabagricultural markets of Multan, Gujranwala and others for Rs1,850.
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However, the rate is Rs138 above company to dealer price of Rs1,1712 andRs110 over urea producing listed retail price of Rs1,740 (including dealercommission).
As per the source, due to the shortage of urea in the market, it was beingsold Rs110 above the listed price.
