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)
Short Url
Updated 26 August 2025
Follow

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.


Australia says father and son carried out Sydney beach attack as Pakistan condemns violence

Updated 5 sec ago
Follow

Australia says father and son carried out Sydney beach attack as Pakistan condemns violence

  • Australian authorities say at least 15 people were killed in the shooting, including a 10-year-old girl
  • Pakistan says it stands in solidarity with Australia, condemns terrorism in all forms and manifestations

ISLAMABAD: Australian authorities said on Monday a father and son carried out a mass shooting at Sydney’s Bondi Beach during a Jewish festival, as Pakistan expressed solidarity with Australia and condemned the attack that claimed at least 15 lives.

Police said the 50-year-old father was shot dead at the scene while his 24-year-old son was wounded and taken into custody after the gunmen opened fire on crowds gathered for a Hanukkah celebration at the popular beach.

“We want to get to the bottom of this,” New South Wales police commissioner Mal Lanyon said on Monday. “We want to understand the motives behind it.”

A 10-year-old girl was among the 15 dead in Australia’s worst mass shooting for almost 30 years, while 42 more were rushed to hospital with gunshot wounds and other injuries.

Pakistan’s government said it stood with Australia following the shooting, reiterating its opposition to such incidents amid renewed militant violence at home.

Prime Minister Shehbaz Sharif expressed condolences to the victims and said Pakistan condemned “terrorism in all its forms and manifestations.”

President Asif Ali Zardari also conveyed sympathy to the victims’ families and wished the injured a speedy recovery.

“Pakistan itself a victim of terrorism, stands in solidarity with & condemns violence against innocent civilians,” he said.

Pakistan has faced a resurgence in militant attacks in recent months, particularly in its northwest. On Sunday, Sharif praised security forces after they killed 13 militants in two separate operations in the Mohmand and Bannu districts, according to a statement from his office.

Australian police said the attackers fired from a raised boardwalk overlooking the beach, sending people fleeing in panic. Authorities later discovered what they described as an improvised explosive device in a vehicle parked near the scene, which they believe was linked to the attackers.

Prime Minister Anthony Albanese said tougher gun controls may be needed, including limits on the number of firearms an individual can own, after police confirmed the father held licenses for six weapons believed to have been used in the attack.

Mass shootings have been rare in Australia since sweeping gun law reforms were introduced after the 1996 Port Arthur massacre, but Albanese said the latest attack required authorities to reassess whether existing controls remained sufficient.

With input from AFP