The first tender for importing 100,000 metric tons of sugar from abroad has been cancelled due to non-compliance with the required quality.
According to a report citing sources in the Trading Corporation of Pakistan (TCP), four companies submitted bids to import sugar—one each from the UK and Switzerland, and two from the UAE.
The report stated that the first tender was cancelled due to the sugar rates and lack of required quality. According to the companies, the minimum price for sugar in Pakistan was quoted at Rs. 227 per kilogram.
The second tender for 100,000 metric tons of sugar is now in the pipeline, as the report stated. According to market sources, sugar supply is insufficient in the markets of Lahore, and there are also issues with the price of sugar at shops.
It is worth mentioning that the government had decided to import 500,000 metric tons of sugar to eliminate the sugar shortage across the country and to bring down prices.
