Another tender issued to import 100,000 metric tonnes of sugar

ISLAMABAD: As the sugar shortage crisis persists across the country, the Trading Corporation of Pakistan (TCP) has issued another major tender to import 100,000 metric tonnes of white sugar.

The TCP has asked the successful bidders to submit a 5 per cent performance guarantee by July 31.

The import of white sugar from Israel and India will be strictly prohibited.

This is the second international tender issued by the TCP for the import of white sugar. The minimum bid will be for 25,000 metric tonnes, and the sugar should be packed in new 50kg bags.

The permitted import window has been set from August 21 to September 5, with all cargo to arrive by September 30.

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The statement said that bidders may import sugar in two shipments of 25,000 metric tonnes each, or a single shipment of 50,000 metric tonnes.

The TCP said that a penalty of USD 0.25 per metric tonne per day will be imposed for the delay of shipments, and that opening Letters of Credit (LCs) will be the responsibility of the TCP.

It added that the imported sugar must meet Pakistan Standards and Quality Control Authority specifications.