KARACHI, March 4: Pakistan Agriculture Storage and Services Corporation (PASSCO) said on Tuesday it had issued a tender to sell 300,000 tons of milling wheat from government-owned stocks.

The deadline for bids would be March 11, a senior official of PASSCO told Reuters.

“We have fixed a minimum selling price of Rs8,625 per ton in the tender,” Azhar Ali Khan, PASSCO’s general manager commercial said.

The wheat offered for sale is from the 2002 crop, owned by the Punjab government.

Khan said the bidders would only be allowed to bid for a minimum of 10,000 tons.

“The successful parties will have 60 days to uplift the wheat from the our depots and another 90 days to make shipments,” he added.

Khan said the bids would be placed before a wheat committee on March 15.

Khan said PASSCO would also issue another tender in a day or so to sell 100,000 tons of wheat in the local market.—Reuters