, June 17 -- The Cabinet Committee on Government Purchase on Wednesday approved procurement proposals worth more than Tk 704.7 crore including the import of urea fertiliser and sulphur for the country's agricultural and industrial needs.

The decisions were taken at a meeting of the committee atSecretariat with Finance Minister Amir Khosru Mahmud Chowdhury in the chair.

Import of 40,000 metric tonnes of urea fertiliser through the Direct Procurement Method (DPM) at a cost of Tk 348.56 crore was among the proposals.

The proposal submitted by the Ministry of Industries involves the purchase of urea from UAE-based Delta Star Trading FZ-LLC through its local agent Ibedita Trading, Dhaka.

The per-metric-tonne price has been fixed at US$707....