Pakistan buys 100,000 tons of sugar, tenders again for 100,000 tons

Labourers unload bags of sugar from a delivery truck to a wholesale market in Karachi, Pakistan May 24, 2023. (Reuters/File)
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Updated 15 September 2025
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Pakistan buys 100,000 tons of sugar, tenders again for 100,000 tons

  • Move follows last week’s purchase of 100,000 tons of medium-grade sugar
  • Pakistan has approved the import of 500,000 tons of sugar to stabilize prices

HAMBURG: Pakistan’s state agency the Trading Corporation of Pakistan (TCP) has issued a new international tender to purchase 100,000 metric tons of white refined sugar and is believed to have bought 100,000 tons in a tender last week, European traders said on Monday.

The deadline for submission of price offers in the new tender is September 23.

Traders said the new announcement followed a purchase last week of about 100,000 tons of medium grade sugar in a previous tender made at an estimated $560 a ton cost and freight included (c&f). Trading house Bare was believed to be the seller.

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

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

The TCP has held a series of sugar tenders in July, August and September. Traders estimate that around 235,000 tons have been bought in the recent tenders including last week’s purchase.

The TCP’s latest tender seeks price offers for fine, small and medium-grade sugar, with shipment arranged to achieve arrival of all the sugar by Nov. 7.

The sugar for the new tender can be sourced from any worldwide origin excluding India and Israel or other sanctioned countries. 


‘Good sense’ hailed as blockbuster Pakistan-India match to go ahead

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‘Good sense’ hailed as blockbuster Pakistan-India match to go ahead

  • Pakistan ends week-long standoff after ICC and regional boards intervene over boycott threat
  • India-Pakistan clash seen as financial linchpin for tournament, with cancelation hurting all members

MUMBAI: Pakistan’s decision to U-turn and go ahead with their blockbuster Group A match against India at the T20 World Cup on February 15 was hailed Tuesday as an outbreak of “good sense” and “good for cricket.”

The Pakistan government in Islamabad late on Monday night ended a week-long stand-off by rescinding its order for the cricket team to boycott the match in Colombo.

The biggest and most lucrative clash in world cricket was revived after a frantic weekend of negotiations.

It culminated in International Cricket Council (ICC) and Bangladesh Cricket Board (BCB) chiefs flying to Lahore on Sunday for talks with the Pakistan Cricket Board (PCB).

The governments of Bangladesh and Sri Lanka both wrote to the Islamabad government on Monday urging it to change its stance and allow the game to go ahead, and just before midnight they got their wish.

After “multilateral discussions, as well as the request of friendly countries, the Government of Pakistan hereby directs the Pakistan National Cricket Team to take the field on February 15,” the Islamabad government said on its official X account late Monday night.

The decision had been taken with the aim of “protecting the spirit of cricket,” it added.

Former India cricketer Madan Lal told AFP on Tuesday: “Pakistan did shake up the ICC by repeatedly saying they would not play.

“Eventually, the ICC had to send officials to Pakistan to sort out the issue” and that was “good for cricket.”

“We want strong teams to play so that the charm of the World Cup is not lost,” he added.

‘LOSS-LOSS SITUATION’

Sri Lanka, who will host the match which generates multi-millions of dollars in advertising, broadcast rights, sponsorship and tourism, also hailed the decision.

Sri Lankan President Anura Kumara Dissanayake thanked Pakistan’s Prime Minister Shehbaz Sharif for “ensuring the game we all love goes on.”

“Delighted that the eagerly awaited India and Pakistan match at the ongoing T20 Cricket World Cup in Colombo will proceed as planned,” Dissanayake said in a social media post.

Veteran Indian journalist Pradeep Magazine told AFP “good sense has prevailed on all sides.”

Financial considerations would have been taken into account, he added.

“India-Pakistan is not just about cricket revenue — it also means wider commercial revenue,” he said.

“Everyone realized that losing the revenue from an India-Pakistan match would have been a loss-loss situation for all ICC member nations.”

Bitter political rivals Pakistan and India have not played bilateral cricket for more than a decade and meet only at global or regional tournament events, and only on neutral territory.

The 20-team tournament had been overshadowed by an acrimonious political build-up.

Bangladesh, who refused to play in India citing security concerns, were replaced by Scotland.

As a protest, the Pakistan government ordered the team not to face co-hosts India in the Group A fixture.

Pakistan, who edged out Netherlands in the tournament opener on Saturday, would have conceded two points if they had forfeited the match, which could have put their chances of progressing in the tournament in jeopardy.

They play the USA in their second group match in Colombo later Tuesday.

India captain Suryakumar Yadav said on Friday that his team would travel to Colombo for the clash, whether the game was on or not.

“We haven’t said no to playing them,” Suryakumar said. “Our flights are booked and we are going to Colombo.”