ISLAMABAD: The Competition Commission of Pakistan (CCP) on Thursday said that the ongoing sugar crisis was being monitored, and if any indications of anti-competitive activities were found, the CCP would take appropriate enforcement and
Pakistan issues tender for 50,000 tonnes sugar import, but not from banned countries like India
Synopsis
Last week, there was sudden hope of trade reopening between the two nations in sugar and cotton after Pakistan s Economic Coordination Committee allowed import of these two commodities from India. However, Pakistan s federal cabinet back-tracked on the decision.
Faced with production shortages, Pakistan is trying to import sugar in order to boost domestic availability and check retail prices which have shot up to PKR 100 per kg.
Pakistan s state-owned trading firm TCP on Monday issued a global tender for import of 50,000 tonnes of white sugar but not from banned countries like India, a move described by the Indian sugar industry as bad luck for the neighbouring country.