BR100 Decreased By (-1.39%)
BR30 Decreased By (-1.72%)
KSE100 Decreased By (-1.3%)
KSE30 Decreased By (-1.25%)
AGHA 7.92 Decreased By ▼ -0.17 (-2.1%)
BECO 5.20 Decreased By ▼ -0.07 (-1.33%)
BML 59.25 Decreased By ▼ -0.13 (-0.22%)
BOP 33.68 Decreased By ▼ -0.51 (-1.49%)
CNERGY 9.81 Increased By ▲ 0.19 (1.98%)
CSIL 5.42 Decreased By ▼ -0.08 (-1.45%)
FCCL 53.52 Decreased By ▼ -0.63 (-1.16%)
FFL 16.68 Decreased By ▼ -0.16 (-0.95%)
FNEL 1.21 Decreased By ▼ -0.02 (-1.63%)
KEL 7.35 Decreased By ▼ -0.24 (-3.16%)
KOSM 5.61 Decreased By ▼ -0.07 (-1.23%)
LOTCHEM 29.11 Decreased By ▼ -1.32 (-4.34%)
MLCF 95.50 Decreased By ▼ -2.66 (-2.71%)
NBP 204.35 Decreased By ▼ -4.44 (-2.13%)
NCPL 58.24 Decreased By ▼ -1.37 (-2.3%)
NPL 67.79 Decreased By ▼ -2.08 (-2.98%)
OGDC 317.94 Decreased By ▼ -5.42 (-1.68%)
PACE 10.71 Decreased By ▼ -0.36 (-3.25%)
PAEL 41.83 Decreased By ▼ -0.42 (-0.99%)
PIBTL 16.50 Decreased By ▼ -0.32 (-1.9%)
PPL 219.74 Decreased By ▼ -4.99 (-2.22%)
PRL 44.59 Increased By ▲ 2.94 (7.06%)
PTC 70.77 Decreased By ▼ -0.35 (-0.49%)
SSGC 28.93 Decreased By ▼ -0.38 (-1.3%)
TBL 9.84 Decreased By ▼ -0.12 (-1.2%)
TELE 8.76 Decreased By ▼ -0.23 (-2.56%)
TPL 16.45 Decreased By ▼ -0.07 (-0.42%)
TPLP 12.10 Decreased By ▼ -0.67 (-5.25%)
TREET 22.80 Decreased By ▼ -0.26 (-1.13%)
TRG 60.03 Decreased By ▼ -0.42 (-0.69%)
Print Print edition: 2022-10-14

TCP tender documents relaxed to allow wheat import via Gwadar port

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved dropping of two amendments in TCP...
Published Updated

ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet has approved dropping of two amendments in TCP tender documents for import of wheat through Gwadar Port for the time being, official sources told Business Recorder.

Sharing the details, sources said that on October 10, 2022, Ministry of National Food Security and Research briefed the ECC about the new directions regarding: (i) initiating port operation at Gwadar and the consideration of generating economic activity through earmarking transportation of a portion of procured wheat through Gwadar; and (ii) pre-shipment inspection both at the load port and discharge port by an independent pre-shipment inspection Agency of international repute in discussions involving all key stakeholders.

The Ministry further noted that the feedback received conveyed that increased bids and participation of lesser number of bidders in tender on September 26, 2022 was primarily due to shipment inspections at both ports which had also increased the risk factor.

Ministry for allowing TCP to award wheat import contract

Ministry of National Food Security and Research submitted that in view of higher cost on import of wheat through Gwadar Port and shipment inspections at both ports i.e., load port and discharge port, both amendments to TCP tender documents may be deferred for the time being. However, pre-shipment inspection should be ensured at the load port from the top-four inspection firms by TCP/Ministry of Commerce. It was further proposed that TCP may also be directed to issue fresh tenders to ensure import of allocated quantity of wheat.

After detailed discussion on the proposal of Ministry of National Food Security and Research, regarding “revision of the directives of PMO on Gwadar Port and procedure for re-shipment inspection Agency for import of wheat” it was decided “in view of higher cost on import of wheat through Gwadar Port and shipment inspections at both ports i.e., load port and discharge port, both amendments to TCP tender documents may be dropped for the time being. Pre-shipment inspection should be ensured at the load port by one of the top-four inspection firms by TCP/Ministry of Commerce. TCP was directed to issue fresh tenders to ensure import of allocated quantity of wheat.”

The decision of ECC would be implemented after ratification from the Federal Cabinet, the sources added.

Copyright Business Recorder, 2022

Comments

Comments are closed for this article.