Dec 13, 2017

Pakistan to make emergency fertilizer supply Featured

President Maithripala Sirisena has mediated to import 75,000 metric tons of fertilizer from Pakistan in view of a prevailing shortage, reports say.

He has telephoned the Pakistani premier, who has promised to send the fertilizer immediately.

Yesterday’s cabinet meeting extensively discussed the fertilizer shortage in the country.

It was alleged that a hurriedly-formed company had been given a tender to import fertilizer.

At its meeting on November 21, the cabinet approved giving a tender to JAT Holdings to import 72,000 mt of urea fertilizer.

However, the importation could not take place on time as no foreign supplier had agreed to supply under the DA method, which has resulted in the prevailing shortage.

The ministers have proposed that a Rs. 36 million tender bond placed by JAT Holdings be forfeited as compensation from the company.