AGL 40.21 Increased By ▲ 0.18 (0.45%)
AIRLINK 127.64 Decreased By ▼ -0.06 (-0.05%)
BOP 6.67 Increased By ▲ 0.06 (0.91%)
CNERGY 4.45 Decreased By ▼ -0.15 (-3.26%)
DCL 8.73 Decreased By ▼ -0.06 (-0.68%)
DFML 41.16 Decreased By ▼ -0.42 (-1.01%)
DGKC 86.11 Increased By ▲ 0.32 (0.37%)
FCCL 32.56 Increased By ▲ 0.07 (0.22%)
FFBL 64.38 Increased By ▲ 0.35 (0.55%)
FFL 11.61 Increased By ▲ 1.06 (10.05%)
HUBC 112.46 Increased By ▲ 1.69 (1.53%)
HUMNL 14.81 Decreased By ▼ -0.26 (-1.73%)
KEL 5.04 Increased By ▲ 0.16 (3.28%)
KOSM 7.36 Decreased By ▼ -0.09 (-1.21%)
MLCF 40.33 Decreased By ▼ -0.19 (-0.47%)
NBP 61.08 Increased By ▲ 0.03 (0.05%)
OGDC 194.18 Decreased By ▼ -0.69 (-0.35%)
PAEL 26.91 Decreased By ▼ -0.60 (-2.18%)
PIBTL 7.28 Decreased By ▼ -0.53 (-6.79%)
PPL 152.68 Increased By ▲ 0.15 (0.1%)
PRL 26.22 Decreased By ▼ -0.36 (-1.35%)
PTC 16.14 Decreased By ▼ -0.12 (-0.74%)
SEARL 85.70 Increased By ▲ 1.56 (1.85%)
TELE 7.67 Decreased By ▼ -0.29 (-3.64%)
TOMCL 36.47 Decreased By ▼ -0.13 (-0.36%)
TPLP 8.79 Increased By ▲ 0.13 (1.5%)
TREET 16.84 Decreased By ▼ -0.82 (-4.64%)
TRG 62.74 Increased By ▲ 4.12 (7.03%)
UNITY 28.20 Increased By ▲ 1.34 (4.99%)
WTL 1.34 Decreased By ▼ -0.04 (-2.9%)
BR100 10,086 Increased By 85.5 (0.85%)
BR30 31,170 Increased By 168.1 (0.54%)
KSE100 94,764 Increased By 571.8 (0.61%)
KSE30 29,410 Increased By 209 (0.72%)
Print Print 2022-10-14

TCP tender documents relaxed to allow wheat import via Gwadar port

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved dropping of two amendments in TCP...
Published October 14, 2022

ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet has approved dropping of two amendments in TCP tender documents for import of wheat through Gwadar Port for the time being, official sources told Business Recorder.

Sharing the details, sources said that on October 10, 2022, Ministry of National Food Security and Research briefed the ECC about the new directions regarding: (i) initiating port operation at Gwadar and the consideration of generating economic activity through earmarking transportation of a portion of procured wheat through Gwadar; and (ii) pre-shipment inspection both at the load port and discharge port by an independent pre-shipment inspection Agency of international repute in discussions involving all key stakeholders.

The Ministry further noted that the feedback received conveyed that increased bids and participation of lesser number of bidders in tender on September 26, 2022 was primarily due to shipment inspections at both ports which had also increased the risk factor.

Ministry for allowing TCP to award wheat import contract

Ministry of National Food Security and Research submitted that in view of higher cost on import of wheat through Gwadar Port and shipment inspections at both ports i.e., load port and discharge port, both amendments to TCP tender documents may be deferred for the time being. However, pre-shipment inspection should be ensured at the load port from the top-four inspection firms by TCP/Ministry of Commerce. It was further proposed that TCP may also be directed to issue fresh tenders to ensure import of allocated quantity of wheat.

After detailed discussion on the proposal of Ministry of National Food Security and Research, regarding “revision of the directives of PMO on Gwadar Port and procedure for re-shipment inspection Agency for import of wheat” it was decided “in view of higher cost on import of wheat through Gwadar Port and shipment inspections at both ports i.e., load port and discharge port, both amendments to TCP tender documents may be dropped for the time being. Pre-shipment inspection should be ensured at the load port by one of the top-four inspection firms by TCP/Ministry of Commerce. TCP was directed to issue fresh tenders to ensure import of allocated quantity of wheat.”

The decision of ECC would be implemented after ratification from the Federal Cabinet, the sources added.

Copyright Business Recorder, 2022

Comments

Comments are closed.