Islamabad: Pakistan’s trading firm TCP has issued a global tender to import 50,000 tonnes of white sugar. The country won’t import sugar from ‘banned’ countries like India.
The Trading Corporation of Pakistan (TCP) has issued the tender for the third time this year to import sugar. It had scrapped earlier two tenders for 50,000 tonnes each due to high quotes. The country is importing sugar to meet the domestic demand owing to the lower sugar production at a local level.
It was expected last week that Pakistan would import sugar from India after a green signal from Pakistan’s Economic Coordination Committee but the federal cabinet of Pakistan opposed the decision.
The global suppliers are asked to submit bids by April 15 and should deliver the commodity at any port in Karachi.