In a tender which closed last week, the Trading Corporation of Pakistan has bought 100,000 tonnes of sugar. According to the news report published in Dawn.com, it was all bought at $526.80 tonnes c&f from Al Khaleej Sugar (AKS), which was the lowest offer submitted in the tender.
In the recent past, Pakistan had issued many international tenders to purchase sugar. The country in 2020 had approved the import of sugar to meet the domestic shortage.
Recently, the National Accountability Bureau (NAB) in Pakistan’s Khyber Pakhtunkhwa province had initiated a probe into a mega sugar export scandal in which sugar mill owners exported less sugar from their allotted quota to Afghanistan and sold it in Pakistan, leading to a huge loss to the national exchequer.
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