KARACHI: Two shipments of wheat and sugar imported by the Trading Corporation of Pakistan (TCP) reached Pakistan to maintain strategic reserves. In accordance with federal government guidelines, the state-run grain trader imports two essential commodities, namely sugar and wheat from international markets to avoid any shortages in the domestic market.
TCP imports 2.3 million metric tonnes of wheat from international sources for PASSCO and provincial governments. In this regard, the 6th vessel MV PARANSSOS carrying 59,700 tonnes of wheat arrived at Karachi Press Trust on Sunday.
The entire cargo of the vessel will be lifted by PASSCO. So far, a quantity of 338,037 metric tons has reached Pakistan under the import agreements concluded by TCP with international suppliers. The next shipment of 58,000 tonnes of wheat is expected to arrive by Wednesday, September 29, 2021.
In addition, a shipment of imported sugar also reached Pakistan yesterday. The MV GOLD RIVER, carrying 28,760 metric tonnes of sugar, was moored at Karachi Port Trust. This is the 4th shipment of imported sugar, which will be picked up by Utility Stores Corporation of Pakistan. Another sugar import ship carrying 28 million 840 tonnes of commodities is expected to arrive today (Tuesday).
Sugar imported by TCP: arrival of the second vessel
TCP has also issued a new tender for the import of 640,000 tonnes of wheat for domestic consumption. The state-owned grain trader, working under the administrative control of the Ministry of Commerce, has issued a sealed tender to international wheat suppliers for the supply of 640,000 metric tons (5 percent more or less) wheat through their local offices or representatives, who have the capacity to supply wheat (in bulk) from global sources.
Under the terms and conditions of the call for tenders, interested parties may submit bids for a minimum quantity of 100,000 metric tonnes and bids less than this quantity will not be accepted. In addition, the wheat must strictly comply with the standards and specifications prescribed by the TCP and the order of import policy in force. The invitation to tender for wheat imports will be opened on September 29, 2021 at TCP headquarters.
Interested parties who have not previously fulfilled their contractual obligations with TCP will not be eligible to participate in the offers, unless they fulfill their obligations with penalties or fulfill their contractual obligations with respect to services and goods with TCP, as the case may be, before the date on which the tenders are opened. In addition, companies against which blacklist procedures have been initiated by the TCP will not be eligible to participate in the tender.
Copyright Business Recorder, 2021