Pakistan, Aug. 3 -- The government has issued a fresh international tender to import 100,000 metric tons of white refined sugar in a bid to stabilize domestic market prices. According to the Trading Corporation of Pakistan (TCP), this new tender will open on August 11. The move comes after previous attempts faced setbacks due to high bid prices and logistical issues raised by suppliers.

In the earlier round, four companies had submitted their bids; however, the quoted prices were too high. Sources revealed that imported sugar would have cost up to Rs227 per kilogram, prompting authorities to consider scrapping the previous tender. As a result, the TCP decided to float a new one with revised conditions to attract more competitive offers....