*ISLAMABAD: Economic Coordination Committee (ECC) on Wednesday approvedimport of one hundred thousand tons of urea in order to meet the fertilizerrequirements of the farmers.*
The decision was taken in a meeting of the ECC, held here today inIslamabad with Finance Minister Asad Umar in the chair.
The Ministry of Industries and Production was directed to review the pricemechanism of fertilizer industry for ensuring provision of urea to farmersat cheaper rates.
The committee also decided to allow additional import of Urea in case ofconversion of gas supply from fertilizer plans to power producers duringthe summer.
The ECC, in its last meeting, had approved supplementary grant amounting toRs1795 million for the temporarily dislocated persons from North Waziristanin the wake of Operation Zarb-e-Azb.
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The ECC meeting was chaired by Asad Umar. The committee was briefed by theofficials of Water Resource Division (WRD) on the proposed arrangement forsettling the electricity tariff and water usage charges issues with AzadJammu and Kashmir (AJK).
According to a statement released from the ministry, the committee notedthat the proposed arrangement, where AJK would set up its own DISCO andwould receive water usage charges at the enhanced rate of Rs1.10/ kwh wasbased on the principle of equality and endorsed the same.