USC buys 20,000 tonnes of sugar from Tareen at Rs67/kg

The Utility Stores Corporation on Wednesday bought 20,000 tonnes of sugar at Rs 67/kg from PTI senior leader Jahangir Khan Tareen during an open tender. Tareen offered the lowest bid.

In a tweet, PTI senior leader Jahangir Khan Tareen said: “As promised on @nadeemmaliks show, I've fulfilled my commitment to supply 20,000 tons sugar at Rs 67000/Ton in the tender today.”

He said that last tender was opened on March 17, in which 20,000 tonne sugar was bought at Rs 79500/Ton.

Tareen said it would give a direct relief of Rs 250 million to the public.

As promised on @nadeemmalik's show, I've fulfilled my commitment to supply 20,000 tons sugar at Rs 67000/Ton in the tender today.

Last tender was opened on 17th March, in which 20,000 ton sugar was bought at Rs 79500/Ton

A direct relief of Rs 25 crore to Awam, Alhamdulillah. pic.twitter.com/UYT4cZsq3c

— Jahangir Khan Tareen (@JahangirKTareen) April 1, 2020

Earlier on March 10, Tareen withdrew his offer to provide 20,000 tonnes of sugar to the Utility Stores Corporation at cheaper rates.

The Pakistan Sugar Mills Association last month decided to provide 100,000 tonnes of sugar to the Utility Stores Corporation at the rate of Rs70 per kg.