Pakistan, July 25 -- Pakistan's Trading Corporation of Pakistan (TCP) has issued a fresh international tender to purchase 100,000 metric tons of white refined sugar, according to European traders. The deadline for submission of price offers is July 31. This step comes as the government intensifies efforts to stabilize the domestic sugar market, which has seen sharp price increases since early this year.

The tender follows a government plan approved on July 8 to import a total of 500,000 tons of sugar to meet rising demand and ease supply shortages. Retail sugar prices in Pakistan have surged significantly since January, impacting consumers and raising concerns among policymakers about food inflation and affordability.

Earlier attempts t...