Rs8.264b given to phosphatic fertilizer manufacturers

ISLAMABAD: Ministry of National Food Security and Research has paid Rs8.264 billion to phosphatic fertilizer manufacturers and commercial importers for around 28 subsidy claims of October and November, 2015.

The ministry, which was given a task of distribution of subsidy of Rs20 billion on phosphatic fertilizers under Kissan Package has paid such claims after following the procedure mentioned in notification.

Official sources on Sunday said the prime minister announced a Rs348 billion Kissan Package on September 15, 2015 for farmers with direct cash assistance to rice and cotton growers, subsidy on fertilizers and electricity and tax relief on import of agriculture machinery. The package provides a direct benefit of Rs147 billion to small farmers across the country.

The sources said the Punjab government launched a cash support of Rs5000 per acre of cotton and rice growers up to 12.5 acres in 33 districts of the Province and established around 166 Disbursement Centres with facility of one window operation.

The scheme is to disburse Rs32 billion among 1.6 million farmers of the province and so far an amount of Rs23.45 billion has been disbursed.

The sources said Zarai Taraqiati Bank Limited disbursed an amount of Rs38.75 billion against allocated target of Rs102 billion for 2015-16. This includes Rs28.94 billion in Punjab, Rs 7.255 billion in Sindh, Rs2.1 billion in Khyber Pakhtunkhwa, Rs. 0.134 billion in Balochistan, Rs. 0.169 billion in Gilgit-Baltistan (GB) and Rs. 0.147 billion in Azad Jammu and Kashmir (AJK).