ISLAMABAD – Pakistan’s Trading Corporation (TCP) has finalised the purchase of 30,000 tonnes of white sugar in the opening phase of an international tender aimed at sourcing nearly 200,000 tonnes. The deal was struck with Al Khaleej Sugar at a price of about $582.50 per tonne on a cost-and-freight (C&F) basis, traders confirmed on Tuesday.
The import plan was initiated after the federal government approved the procurement of up to 500,000 tonnes of sugar in July to tackle mounting price pressures in the domestic market. The latest purchase comes as part of broader efforts to boost supply and curb inflation, which has left consumers facing steadily increasing costs of essential commodities.
Traders indicated that the validity of other bids in the current tender has been extended until August 27, suggesting the TCP may move to secure additional shipments in the coming days. This follows an earlier purchase of 55,000 tonnes, bringing the total confirmed imports to nearly 85,000 tonnes. Officials noted that the phased approach allows authorities to respond to market fluctuations while ensuring steady availability.
Analysts believe the imports could temporarily ease price volatility but stress that structural issues within Pakistan’s sugar sector—such as hoarding, inconsistent production, and weak regulatory oversight—will need long-term reforms to prevent recurring shortages.
This story has been reported by PakTribune. All rights reserved.