The federal government continues its efforts to import more sugar to meet domestic demand, with the Trading Corporation of Pakistan (TCP) preparing to issue fresh tenders for sugar procurement.
TCP has invited bids for the import of 100,000 metric tons of sugar, with the deadline for submission set for September 8. According to the tender terms, bids below 25,000 metric tons will not be considered.
Earlier, TCP had opened a tender on August 21 for the import of 200,000 metric tons of sugar, receiving six bids with prices ranging from $560 to $592 per metric ton. The lowest bid was submitted by Bear Syndicate FZE CO from the United Arab Emirates.
It is important to note that in July this year, the federal cabinet approved the import of 500,000 metric tons of sugar, assigning TCP as the authorized agency for handling the imports.
Additionally, the government has exempted sugar imports from all taxes to facilitate the import process.