ISLAMABAD: The Fertilizer Cell has so far received subsidy of Rs21.16 billion for period of around five months (June to November 2016) pertaining to 19 fertilizer manufacturers and importers.
The payment of Rs13.163 billion including Rs4.255 billion for DAP and Rs8.908 billion for Urea has already been made through State Bank of Pakistan (SBP), whereas remaining cases of payments are under process of verification.
It is mentioned here that Minister for Finance in budget 2016-17 had announced fertilizer cash subsidy of Rs300 per bag on Di-Ammonium Phosphate (DAP) and Rs156 per bag on Urea fertilizer.
Sources at National Food Security and Research Division on Friday said a total subsidy of Rs27.96 billion was allocated for entire scheme including Rs17.16 billion for Urea and Rs10.8 billion for DAP fertilizer on equal sharing of Federal and Provincial governments.
The sources said concerned ministry was assigned task of devising mechanism for disbursement of fertilizer subsidy scheme. Accordingly, the subsidy amount is paid on basis of physical verification of provincial governments and Sales Tax returns verified by Federal Bureau of Revenue (FBR).
The sources said so far Punjab had provided physical verification, whereas other provincial governments had been requested for provision of same for processing of remaining subsidy claims.
