ISLAMABAD — The federal government is considering selling 108,000 tonnes of sugar it imported last year at around Rs 110 per kg, against a reserve price of Rs 184.8 per kg it had set for the same stock in September, pointing to an estimated loss of about Rs 8 billion to the exchequer. Sources that the Trading Corporation of Pakistan (TCP) opened bids on November 13 for the export of the stock, held at its Pipri godown in Karachi.
Three bids were received, all from trading firms: Rahul International Trading LLC of the UAE quoted the lowest price at $386 per tonne, followed by General Trading LLC at $395 and Sputnik Global Trading LLC at $400. At the Rs 280-to-the-dollar rate used in TCP’s own tender documents, these offers work out to roughly Rs 108–112 per kg. TCP and the Ministry of Commerce have placed the matter before a committee headed by the Deputy Prime Minister, seeking approval to sell at around Rs 110 per kg.
It is also understood that the bids cover less than half of the available stock, around 50,000 tonnes. The Minister for National Food Security and Research reportedly did not attend this meeting. How the Stock Piled Up According to the official statement issued after its meeting on August 19, 2026, the Economic Coordination Committee (ECC) of the Cabinet, chaired by the Finance Minister, considered a summary from the Ministry of National Food Security and Research seeking permission to call international tenders for the export of 108,000 tonnes of sugar lying with TCP.