The Commercial Corporation of Pakistan (TCP) clarified on Sunday that the three offers accepted for the import of sugar were accepted after “the requirements contained in the PPRA rules, 2004”.
Previously, it was error that the TCP raised objections to the documents presented by two companies and, consequently, rejected their offers, although they offer lower prices in their tenders to import 200,000 metric tons of sugar.
“The lowest offer of the bidder (m/s ed & f mangar limited, London) was to supply/import of 50,000 TM, and not 100,000 TM as reported incorrectly in the news, and the same has been accepted at a price cited USD of USD of USD a statement of a statement.
He clarified that only a bidder (m/s Bare Syndicate Fzco) was rejected for not providing the mandatory offer security document, which makes its offer not respond. “Therefore, the three offers were accepted following the requirements contained in the rules PPRA, 2004.
Consequently, letters of acceptance of offers have been issued to the three bidders for import/supply of 105,000 tm of sugar, ”added the statement.
