Pakistan Rupee Exchange Rate
Pakistan has officially banned the import of wheat from India, Israel, and countries under international sanctions, namely Cuba, Iran, North Korea, and Syria. Additionally, wheat originating from Ukrainian regions under Russian control, including Crimea, is also included in the prohibition. Global trading companies are now obligated to comply with these restrictions set by Pakistan.
According to an official document, a tender for the purchase of 110,000 metric tons of wheat has been initiated. The document specifies that the moisture content of the wheat should not surpass 14.5 percent, and the presence of extraneous elements like soil should be limited to 1 percent.
Scheduled to arrive on February 12, the wheat is expected to be shipped to either Gwadar or the Karachi port, with two vessels designated for transportation.
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The Trading Corporation of Pakistan (TCP) has recently issued an international tender for the import of 110,000 metric tons of wheat, as confirmed by European traders. The deadline for submitting price offers in response to this tender is December 27, with a prerequisite that the wheat originates from the latest crop.
The requested shipment is earmarked for the year 2024, with consignments of at least 50,000 tons expected to arrive during two distinct periods between January 10-15 and January 17-22. Timely delivery is crucial, as the wheat must be in Pakistan by February 12, 2024. The TCP, as part of the procurement process, retains the flexibility to purchase up to 10 percent more or less than the specified tender volume.
