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)
Short Url
Updated 15 September 2025
Follow

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. 


Pakistani man convicted in US in political assassination plot tied to Iranian paramilitary

Updated 4 sec ago
Follow

Pakistani man convicted in US in political assassination plot tied to Iranian paramilitary

  • Asif Merchant, 47, worked for Pakistani banks for decades before going into clothing and other businesses
  • He testified he met a Revolutionary Guard operative who gave him countersurveillance training, assignments

NEW YORK: A Pakistani business owner who tried to hire hit men to kill a US politician was convicted Friday in a trial that showcased allegations of Iran-backed plotting on American soil.

As the Iran war unfolded in the Mideast, Asif Merchant acknowledged in a US court that he sought to put an assassination in motion during the 2024 presidential campaign — a plot that was quickly disrupted by American investigators before it had a chance to proceed.

A jury in Brooklyn convicted Merchant on terrorism and murder for hire charges.

The verdict after only a couple hours of deliberations followed a weeklong trial that included remarkable testimony from Merchant himself.

Merchant told the jury he was carrying out instructions from a contact in the Islamic Republic’s powerful paramilitary Revolutionary Guard. According to Merchant, the handler never specified a target but broached names including then-candidate Donald Trump, then-President Joe Biden and Nikki Haley, the former UN ambassador who was also in the race for a time.

The Iranian government has denied trying to kill US officials.

The nascent plot fell apart after Merchant showed an acquaintance what he had in mind by using objects on a napkin to depict a shooting at a rally. He asked the man to help him hire assassins. Instead, he was introduced to undercover FBI agents who were secretly recording him, as had the acquaintance.

Merchant told the supposed hit men he needed services that could include killing “some political person” and paid them $5,000 in cash in a parked car in Manhattan.

“This man landed on American soil hoping to kill President Trump — instead, he was met with the might of American law enforcement,” US Attorney General Pam Bondi said in a statement released after the conviction.

Merchant’s attorney, Avraham Moskowitz, didn’t immediately reply to a message seeking comment.

Merchant, 47, worked for Pakistani banks for decades before going into clothing and other businesses. He has two families, in Pakistan and Iran, and he sometimes visited the US for his garment business.

Merchant testified that he met a Revolutionary Guard intelligence operative about three years ago. The contact gave him countersurveillance training and assignments including the assassination scheme, Merchant said.

He maintained that he had to do his handler’s bidding to protect loved ones in Iran. The defendant said he reluctantly went through the motions but thought he’d be arrested and explain his situation to authorities before anyone was killed.

“I was going along with it,” he said, speaking in Urdu through a court interpreter.

Prosecutors emphasized that Merchant admitted taking steps to enact the plan on behalf of the Revolutionary Guard, which the US considers a foreign terrorist organization, and he didn’t proactively go to authorities.

Instead, he was packing for a flight to Pakistan when he was arrested on July 12, 2024, a day before an unrelated attempt on Trump’s life in Butler, Pennsylvania. Officials said it appeared the Butler gunman acted alone but that they had been tracking a threat on Trump’s life from Iran, a claim that the Islamic Republic called “unsubstantiated and malicious.”

When Merchant subsequently spoke to FBI agents to explore the possibility of a cooperation agreement, he didn’t say he had acted out of fear for his family.

Prosecutors argued that he didn’t back up a defense of acting under duress. Merchant sought to persuade jurors he simply didn’t think the agents would believe him because they seemed to “think that I am some type of super-spy,” which he said he was “absolutely not.”