KARACHI, June 24: The Trading Corporation of Pakistan (TCP) has floated a tender for the purchase of 50,000 metric tons of refined sugar from local mills.

A TCP official said here on Tuesday that the tender will be opened on July 4 at corporation’s head office.

The corporation is buying 700,000 tons of sugar from local mills on government’s instructions to help out the sugar industry which is facing financial crisis.

The TCP had earlier scrapped two sugar purchase tenders saying that the mills quoted higher than prevailing wholesale prices.—APP