Profiteers create artificial shortage of commodities

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ISLAMABAD (TLTP): Responding to a Calling Attention Notice in the House, Minister for Parliamentary Affairs Murtaza Solangi told the Senate that an artificial shortage of the commodity was created by the profiteers and hoarders due to reduction in the buffer stock.

He said in the backdrop of this situation, the Federal and Provincial governments as well as the fertilizer industry have been keeping an eye on the availability and price of Urea.

He said the supply of Urea to the provinces has been enhanced and the provincial governments are taking action against the hoarding.

He said the Punjab government registered 950 FIRs and imposed fines to the tune of 104 million rupees on hoarders.

The Minister informed that the Sindh government has also taken necessary measures and imposed fines of four million rupees. He said the situation vis-à-vis the availability and price of Urea has improved as a result of these steps.

He said the price of Urea bag has come down to about 4450 rupees from over five thousand rupees.

The Minister for Parliamentary Affairs said two cargoes carrying ninety-five thousand tons of imported Urea have reached Pakistan. He expressed the confidence that this will further bring down the price of the commodity in the coming days.

At the beginning of the session, the House offered fateha for the departed soul of former Senator Sartaj Aziz, who passed away the other day as well as those who were martyred in recent acts of terrorism.

The Senate was informed today that sufficient quantity of Urea is available in the country to meet the requirements of the farmers.

 

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