The Cabinet Committee on Economic Affairs recommended approval in principle for two proposals to import urea fertiliser for the 2026–27 fiscal year to meet the country’s growing demand for fertiliser.

The recommendation was made at the committee’s 30th meeting of the year on Wednesday. Two proposals from the Ministry of Industries were presented, discussed and recommended for approval at the meeting.

Under the first proposal, approval in principle has been recommended to amend the existing government-to-government (G2G) agreement with Fertiglobe Distribution Limited of the United Arab Emirates. This would allow bulk granular urea fertiliser to be purchased during the 2026–27 fiscal year under both the existing free on board (FOB) arrangement and the cost and freight (CFR) basis.

Under the second proposal, approval in principle has been recommended for signing an agreement to import prilled urea fertiliser from Foreign Economic Corporation Prodintorg under the G2G arrangement during the 2026–27 fiscal year. The Ministry of Industries submitted both proposals.