The Trading Corporation of Pakistan (TCP) has released international tender for the import of 300,000 tonnes of wheat.
The federal government has decided to import wheat to meet the shortage of the commodity in the country due to devastating floods.
The Trading Corporation of Pakistan (TCP) will receive bids from international suppliers till 26 September. The bidding process will also be opened on the same date. TCP had procured 250,000 tonnes of wheat through a previous tender at the rate of $407 per ton.
Pakistan Agricultural Storage & Services Corporation (PASSCO) is lifting the stock from TCP. As per TCP sources, the government is importing wheat to overcome the shortage and build up strategic reserves.