Save Our Pak
The plan to import 100,000 metric tons of sugar from abroad faced a setback as the first tender was cancelled for not meeting the required quality standards. According to sources in the Trading Corporation of Pakistan (TCP), four companies had submitted their bids, one from the UK, one from Switzerland, and two from the UAE.
Sources said the first tender was cancelled because the sugar price and quality did not meet the required standards. The companies had quoted a minimum price of 227 rupees per kilogram for sugar in Pakistan. According to TCP, the second tender for 100,000 metric tons of sugar is now in the pipeline.
Market sources reported that sugar supply in Lahore’s markets is not enough, and shopkeepers are also facing price issues. It is important to remember that the government had earlier decided to import 500,000 metric tons of sugar to end shortages across the country and bring prices down.
Reported by Save Our Pak
