Pakistan: Government cancels sugar import due to expensive bid


Karachi: The Pakistan government has cancelled the second consecutive tender to import sugar after it received expensive bids for the same.
According to media reports, the Trading Corporation of Pakistan (TCP) said, the government has also temporarily stopped the import of sugar, which has made it difficult to supply 50,000 tonnes of imported sugar to utility stores before Ramazan. Adding to the government’s difficulty, the sugar mills have denied taking raw sugar from the government.

As per the minimum bid, the cost of imported sugar would be Rs 90 per kg at Karachi port. The utility stores were re-tendered to supply imported sugar, stated the TCP. The Gulf Group was the lowest bidder for sugar imports.


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