The Pakistan government reportedly decided to cancel the tender for the import of 100,000 tonnes of sugar, quoting well-placed sources.
On August 3, the Trading Corporation of Pakistan (TCP) issued a new tender for the import of 100,000 metric tons of sugar.
According to official sources, the deals with all three companies that submitted bids could not be finalized. Authorities urged that no procedural violations will be committed in acquiring imported sugar, and that neither the price nor the quality standards will be compromised.
Sources said the tender bids did not meet the government’s required specifications regarding price, size, and quality of sugar.
The offered rates for fine granulated sugar ranged between $539 and $567 per tonne, while the medium-sized sugar was quoted at $599 per tonne—both deemed unacceptable.
