Nine sugar mills blacklisted for non-supply

The Trading Corporation of Pakistan (TCP) has blacklisted nine sugar mills due to the non-supply of the commodity, reported 24NewsHD TV channel on Saturday. 

According to TCP Chairman Dr Riaz Memon, the blacklisted sugar mills are Abdullah Sugar Mills, Haseeb Waqas Sugar Mills, Seri Sugar Mills, Tando Muhammad Khan Sugar Mills, Tandlianwala Sugar Mills, Abdullah Shah Ghazi, Haq Bahu Sugar Mills and Mecca Sugar Mills. 

The blacklisted sugar mills will not be able to participate in any future tender of the TCP.

Sources also claimed that the government has cancelled the second sugar import tender and temporarily halted the sugar import process.

The sources also said tenders have been cancelled after receiving expensive bids from bidders and now the supply of 50,000 sugar bags to Utility Stores Corporation before the holy month of Ramazan has become a difficult task. 

The minimum bid was submitted by Al-Khaleej Group at the rate of $544.10 per tonne setting the price of per kg sugar at Rs90.

It may be mentioned here that the TCP cancelled the first tender due to the same reason where low bidding was submitted for sugar tenders. 

Price hike in Lahore 

The sugar supply in Lahore city has been suspended for the last five days and the metropolis has been facing a shortage of the commodity.

Stocks of sugar have been depleted from the open market, the TV channel reported. 

The price of a 50kg bag of sugar is being sold from Rs5,100 to Rs5,200 as the dealers have not ended their unannounced strike yet.

Reporter Ashraf Khan