The Trading Corporation of Pakistan (TCP) on Saturday bought 75,000 tonnes of white sugar at 491 dollar per tonne C&F Karachi, a company official said.
"We have bought 50,000 tonnes from India and another 25,000 tonnes from Singapore-based firm," said Abdul Malick, Director TCP. "Both the deals were finalised at 491 dollar per tonne each." TCP had issued the import tender on April 7.
TCP tendered to buy 50,000 tonnes of sugar, but Malick said the prices offered by the Indian and Singaporean suppliers were "too attractive to resist."
Malick said both the suppliers would complete shipments within four weeks after the opening of letter of credit.
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