FFC wel­comes rollback in feed gas prices

Pakistan Observer - - ECONOMY WATCH -

SALIM AHMED LA­HORE— Fauji Fer­til­izer Com­pany Lim­ited ( FFC) has wel­comed the an­nounce­ment of roll- back in feed gas prices for fer­til­izer sec­tor raised back in Sept 2015. CE& MD FFC Lt Gen Shafqaat Ahmed, HI ( M) Retd, wel­comed the Gov­ern­ment’s ges­ture and stated that “this ini­tia­tive will en­able the fer­til­izer in­dus­try to con­tinue its sup­port to agri- sec­tor in Pak­istan by pro­vid­ing fer­til­izer at af­ford­able prices”.

As a con­se­quence, FFC has an­nounced an im­me­di­ate re­duc­tion in its urea prices. Adding to the above, he stated that FFC is par­tic­u­larly grate­ful to the hon­ourable Prime Min­is­ter of Pak­istan Mian Muham­mad Nawaz Sharif, Min­istry of Fi­nance, Min­istry of In­dus­tries, Min­istry of Pe­tro­leum and Nat­u­ral Re­sources and Min­istry of Na­tional Food Se­cu­rity & Re­search for their con­certed en­deav­ours to up­lift the farm econ­omy be­sides re­duc­ing stress on do­mes­tic Fer­til­izer in­dus­try.

FFC be­ing leader in do­mes­tic urea pro­duc­tion has al­ways worked closely with the Gov­ern­ment to pro­vide af­ford­able fer­til­iz­ers to the farm­ers. The Com­pany re­mains in­debted to the Gov­ern­ment for honour­ing this com­mon goal and help­ing do­mes­tic pro­duc­ers in pro­vid­ing cheaper fer­til­izer to the farm­ers, thus achiev­ing “Food Se­cu­rity” as pro­vided in United Na­tions Sus­tain­able De­vel­op­ment Goals - 2030. FFC as­sures the Gov­ern­ment and the farmer com­mu­nity of its sup­port in all ef­forts aimed at re­liev­ing stress on agri­sec­tor through down­ward re­vi­sion of in­put costs.

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