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TRADING CORP OF PAKISTAN RECEIVES 10 BIDS FOR COTTON EXPORTS.
KARACHI, Oct 1 Asia Pulse - The Trading Corporation of Pakistan (TCP) received 10 bids for export of 10,000 bales of cotton, but decision on awarding the contract had been deferred till Saturday, official sources said.
The offers opened before the bidders earlier in the day (Friday) against recently floated maiden international tender of TCP turned out to be an all-time low prices.
"The TCP will suffer a loss of Rs400 (US$6.24) per maund if it chooses to oblige foreign buyers at their bid rates," cotton analysts claim. The bid rates come to Rs1500 per ...
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