Trading Corporation of Pakistan (TCP) clarified on Sunday that the three bids accepted for the import of sugar were accepted according to “the requirements contained in PPRA rules, 2004”.
Previously, it was reported by mistake that TCP raised objections to documents submitted by two companies and consequently rejected their bids, despite offering lower prices in their bid to import 200,000 metric tons of sugar.
“The lowest bidder (M/S ED&F Man Sugar Limited, London) offer was to deliver/import of 50,000 mt, and not 100,000 mt as incorrectly reported in the news article, and the same has been accepted at the quoted price of USD 539/MT.
It clarified that only a bidder (M/S just Syndicate FZCO) was rejected for failing to present the mandatory bidding document, which made his bid non-responsive. “Thus, all three bids were accepted according to the requirements of PPRA rules, 2004.
Accordingly, bids have been issued for acceptance letters to all three bidders for import/supply of 105,000 mt of sugar, ”the declaration added.
