ECC approves international tender for export of 108,000 MT of sugar

Mettis Global reported that the Economic Coordination Committee (ECC) has cleared the launch of international tenders for 108,000 metric tons of sugar that TCP is holding. The meeting, chaired by Senator Muhammad Aurangzeb at the Finance Division, considered a summary from the Ministry of National Food Security and Research on disposing of the leftover stock.

The volume is what remains of 300,000 MT of sugar the government brought in last year on the advice of the Steering Committee on Sugar. Under the decision, TCP will run the tender, which has to follow the PPRA Rules, 2004. The move is part of a wider effort to sell off the imported stock in overseas markets.

Ministers Rana Tanveer Hussain and Qaiser Ahmed Sheikh, along with adviser Haroon Akhtar Khan, attended the session. Federal secretaries and senior civil servants from several ministries also took part.