Pakistan bought initial 30,000 tons sugar in tender, traders say

Laborers unload bags of sugar from a delivery truck to a wholesale market in Karachi, Pakistan, on May 24, 2023. (Reuters/File)
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Updated 26 August 2025
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Pakistan bought initial 30,000 tons sugar in tender, traders say

  • The government has approved plans to import 500,000 tons of sugar to stabilize prices
  • Traders say validity of other price offers has been extended, with more purchases possible

HAMBURG: Pakistan’s state trading agency TCP has purchased an initial 30,000 metric tons of white sugar in an international tender seeking around 200,000 tons which closed last week, European traders said on Tuesday.

The validity of other price offers submitted in the tender has been extended until Wednesday, August 27, so more purchases are seen as possible, traders said.

The initial 30,000 ton purchase was believed to have been made from Al Khaleej Sugar for medium grade sugar at an estimated $582.50 a ton c&f, they said.

Reports reflect assessments from traders, and further estimates of prices and volumes are still possible.

The tender sought offers for fine, small and medium grade sugar, all for arrival in Pakistan by October 31.

The TCP can consider offers for several days in tenders before deciding whether to purchase.

Offers in the tender were submitted on August 21. The lowest offer is not always accepted if other conditions associated with it are not seen as attractive.

Pakistan’s government has approved plans to import 500,000 tons of sugar to help to maintain price stability after retail sugar prices rose sharply.

The TCP bought a total of 105,000 tons in its previous sugar tender reported on August 14.


T20 World Cup: ICC deputy chief in Lahore for talks after Pakistan boycotts India match

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T20 World Cup: ICC deputy chief in Lahore for talks after Pakistan boycotts India match

  • Islamabad’s boycott over Bangladesh’s exclusion has threatened the tournament’s most lucrative game
  • Bangladesh Cricket Board chief has also arrived in Pakistan and is expected to participate in meetings

ISLAMABAD: International Cricket Council (ICC) Deputy Chairman Imran Khwaja arrived in Lahore on Sunday for talks with Pakistan Cricket Board (PCB) officials, the PCB said, as the sport’s governing body strives to save a high-stakes T20 World Cup clash between arch-rivals Pakistan and India.

The development follows Islamabad’s decision to boycott the Feb. 15 Pakistan-India match in Colombo, a move to protest the ICC’s exclusion of Bangladesh from the ongoing T20 World Cup.

The controversy over Pakistan’s participation erupted after the ICC replaced Bangladesh with Scotland, following Bangladesh’s decision to not play matches in India owing to security fears.

The ICC has since requested the Pakistan Cricket Board to reconsider the decision to boycott their match against India in Colombo or they will have to forfeit the marquee game of the tournament.

“ICC Deputy Chairman Imran Khwaja arrived in Lahore,” the PCB said on Sunday, adding that he was received at the airport by the PCB chairman’s adviser, Aamir Mir.

Prior to Khwaja’s arrival in Lahore, where the PCB is headquartered, Pakistan welcomed Bangladesh Cricket Board (BCB) President Aminul Islam, who was received by PCB CEO Salman Naseer.

The two visiting officials are scheduled to meet PCB Chairman Mohsin Naqvi.

“Bangladesh Cricket Board President Aminul Islam will also take part in other meetings,” the PCB said in a statement, hinting that he will be part of the meeting with ICC’s Khwaja.

The dispute stems from the ICC’s decision to replace Bangladesh with Scotland last month after Bangladesh refused to play tournament matches in India. Dhaka’s decision followed the removal of Mustafizur Rahman from the Indian Premier League (IPL). He was bought for $1 million by the IPL’s Kolkata Knight Riders, but on Jan. 3 the Board of Control for Cricket in India (BCCI) ordered Kolkata to release Mustafizur without a public explanation but amid regional tensions.

Pakistan have boycotted the 27th match of the tournament against India, due to take place at R. Premadasa Stadium in Colombo. An India-Pakistan fixture is the sport’s most lucrative asset, generating a massive share of global broadcasting and sponsorship revenue.

The PCB has remained defiant amid reports of potential sanctions. On Saturday, the board rejected claims by Indian media that it had initiated a dialogue with the ICC to find a way out of the standoff.

“I categorically reject the claim by Indian sports journalist Vikrant Gupta that PCB approached the ICC,” PCB’s Mir said in a statement. “As usual, sections of Indian media are busy circulating fiction. A little patience and time will clearly show who actually went knocking and who didn’t.”

The standoff highlights the growing friction within the sport’s governance.

Pakistan has accused India’s cricket board of influencing the ICC’s decisions.

Defense Minister Khawaja Asif this week called for the formation of a new cricket governing body, saying the ICC, currently chaired by Jay Shah, son of India’s Home Minister Amit Shah, was being held “hostage” to “Indian political interests.”

India generates the largest share of cricket’s commercial revenue and hence enjoys considerable influence over the sport. Critics argue that this financial contribution translates into decisive leverage within the ICC.

A large part of that revenue comes from the Indian Premier League (IPL), the sport’s most lucrative T20 cricket competition, which is run by the Board of Control for Cricket in India (BCCI). Between 2024 and 2027, the IPL is projected to earn $1.15 billion, nearly 39 percent of the ICC’s total annual revenue, according to international media reports.

While the Pakistani government cleared the team to participate in the rest of the tournament, Prime Minister Shehbaz Sharif maintained that the boycott of the India game was necessary to protest the “unjust” treatment of Bangladesh.