ECC approves Rs1000 subsidy on 50 kg bag of fertilizer for Rabi crops
ISLAMABAD: Economic Coordination Committee of the Cabinet (ECC) on Thursday approved the “Prime Minister’s package for Rabi crops-specially wheat" under which a subsidy of Rs 1000 per 50 kg bag would be extended on fertilizers; DAP, P and K fertilizers. The meeting of the committee was chaired by Adviser to the Prime Minister on Finance Dr. Abdul Hafeez Shaikh.
The subsidy would be shared by the federal and provincial governments with ratio of 70 percent and 30 percent respectively. Similarly the federal government would also give a subsidy of Rs 250 and Rs 150 per acre on weedicides and fungicides respectively.
The provinces would distribute the subsidy in their already prevalent manner but would be responsible for ensuring transparency. The federal funds for the subsidy would be directly disbursed to the provinces by the finance division on the basis of their share, keeping in view their system strength and overall outreach. - APP