Islamabad: Anticipating that the country may face a shortage of sugar during the upcoming Ramazan, the Trading Corporation of Pakistan (TCP) has re-issued tenders to import sugar.
The TCP has re-issued the tender to import 50,000 metric tonnes of sugar as the earlier tender was cancelled due to an expensive bid, according to a media report.
The commodity is imported to provide sugar to utility stores that cater to the needs of the consumers. The utility stores sell sugar at Rs 69 per kilo.
According to the Pakistan Sugar Mills Association (PSMA), the prices of sugar are likely to increase above Rs 89 per kilo.