Miftah Ismail directs relevant authorities to work out feasible plan for resolution of issues faced by Fertilizer sector

ISLAMABAD, June 15 (SABAH): Finance Minister Dr. Miftah Ismail Ahmed chaired a meeting of Fertilizer Manufactures of Pakistan Advisory Council in Islamabad on Wednesday.

The Chair was briefed about the several issues being faced by the fertilizer manufacturers in Pakistan. The matters majorly deliberated during the meeting were related to GST input and output and gas subsidies with a prime focus on ensuring continuous provision of subsidized fertilizer to farmers.

The Finance Minister appreciated the role of FMPAC in facilitating the farmers and reassured about the present government’s policy to provide full support to agriculture sector for its growth and development. He further directed the relevant authorities to work out feasible plan for the resolution of issues faced by the Fertilizer sector.

It was also informed that another round of meeting will be held in this regard with all of the stakeholders.

Secretary Ministry of Industries and Production Nadir Salir Qureshi, CEO Engro Fertilizer. Faisal Muzammil, CEO Agritech. Asad Murad, COO Fatima Fertilizers and senior officers from Finance Ministry and FBR attended the meeting.

Meanwhile, Miftah Ismail also presided over a meeting on resolution of issues of Japanese companies working in Pakistan.

He was briefed about the issues being faced by the Japanese Companies. The challenges faced by Japanese companies were about implementation of industrial policies, tax incentives for locally manufactured automobile, incentives to businesses located in Special Economic Zones and Export Processing Zones, cash margin requirements and support for development of stable business environment for automobile market.

The Finance Minister after comprehensive deliberations with all stakeholders assured full support of the government for the resolution of various issues.