AGL 38.55 Decreased By ▼ -0.01 (-0.03%)
AIRLINK 200.83 Decreased By ▼ -6.94 (-3.34%)
BOP 10.19 Increased By ▲ 0.13 (1.29%)
CNERGY 6.57 Decreased By ▼ -0.51 (-7.2%)
DCL 9.68 Decreased By ▼ -0.31 (-3.1%)
DFML 39.90 Decreased By ▼ -1.24 (-3.01%)
DGKC 97.67 Decreased By ▼ -5.79 (-5.6%)
FCCL 35.10 Decreased By ▼ -1.25 (-3.44%)
FFBL 86.00 Decreased By ▼ -5.59 (-6.1%)
FFL 13.95 Decreased By ▼ -0.65 (-4.45%)
HUBC 130.45 Decreased By ▼ -8.98 (-6.44%)
HUMNL 14.00 Decreased By ▼ -0.10 (-0.71%)
KEL 5.64 Decreased By ▼ -0.33 (-5.53%)
KOSM 7.30 Decreased By ▼ -0.56 (-7.12%)
MLCF 45.60 Decreased By ▼ -1.68 (-3.55%)
NBP 66.38 Decreased By ▼ -7.38 (-10.01%)
OGDC 221.50 Decreased By ▼ -1.16 (-0.52%)
PAEL 38.45 Increased By ▲ 0.34 (0.89%)
PIBTL 8.96 Decreased By ▼ -0.31 (-3.34%)
PPL 196.85 Decreased By ▼ -9.00 (-4.37%)
PRL 38.85 Decreased By ▼ -1.00 (-2.51%)
PTC 25.60 Decreased By ▼ -1.02 (-3.83%)
SEARL 104.50 Decreased By ▼ -5.74 (-5.21%)
TELE 9.06 Decreased By ▼ -0.17 (-1.84%)
TOMCL 36.41 Decreased By ▼ -1.80 (-4.71%)
TPLP 13.64 Decreased By ▼ -0.13 (-0.94%)
TREET 25.20 Decreased By ▼ -1.25 (-4.73%)
TRG 58.10 Decreased By ▼ -2.44 (-4.03%)
UNITY 33.55 Decreased By ▼ -0.59 (-1.73%)
WTL 1.73 Decreased By ▼ -0.15 (-7.98%)
BR100 11,896 Decreased By -402.5 (-3.27%)
BR30 37,383 Decreased By -1494.9 (-3.85%)
KSE100 111,070 Decreased By -3790.4 (-3.3%)
KSE30 34,909 Decreased By -1287 (-3.56%)
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.