Pakistan gets offers in 100,000-ton white sugar tender, traders say

Pakistan gets offers in 100,000-ton white sugar tender, traders say
A labourer carries a sack of sugar while loading on a cart at a wholesale food and grain market in Karachi, Pakistan, on June 12, 2024. (REUTERS/File)
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Updated 11 August 2025

Pakistan gets offers in 100,000-ton white sugar tender, traders say

Pakistan gets offers in 100,000-ton white sugar tender, traders say
  • Pakistan’s government last month approved plans to import 500,000 tons of sugar to help maintain price stability
  • The lowest offer was said to have been submitted by trading house ED&F Man for 50,000 tons of fine-grade sugar

HAMBURG: The lowest price offered in the international tender from Pakistan to buy 100,000 metric tons of white sugar on Monday was believed to be $539.00 a metric ton, cost and freight (c&f) included, European traders said in initial assessments.

Offers in the tender from state trading agency Trading Corporation of Pakistan were still being considered and no purchase had been reported yet, they said.

Pakistan’s government last month approved plans to import 500,000 tons of sugar to help to maintain price stability after retail sugar prices rose sharply.

The lowest offer was said to have been submitted by trading house ED&F Man for 50,000 tons of fine-grade sugar sourced from any origin.

There were reportedly three other participants in the tender.

Dreyfus was said to have offered $580.75 a ton c&f, for 25,000 tons of fine-grade sugar from any origin, while Al Khaleej Sugar offered $586.00 a ton c&f for 30,000 tons of medium-grade sugar sourced from the United Arab Emirates. Trading house Bare offered $555.00 c&f for medium grade and $550.00 c&f for fine-grade sugar, both from Brazil.

Reports reflect the assessments so far from traders and further estimates of prices and volumes are still possible later.

No purchase was reported in a previous tender for 100,000 tons on July 31, with the lowest price offer also $539.00 a ton c&f.

The new tender seeks small/fine- and medium-grade sugar from worldwide origins, excluding India and Israel.

The sugar shipments should be organized to achieve the arrival of all the sugar in Pakistan by October 20, traders said.

Shipment of breakbulk supplies is sought from September 1 to September 15 for 50,000 tons, while the rest can be shipped from September 10 to September 25. Sugar in ocean shipping containers can also be shipped between September 1 to 20.


US designates Balochistan Liberation Army, active in Pakistan, as ‘foreign terrorist organization’

US designates Balochistan Liberation Army, active in Pakistan, as ‘foreign terrorist organization’
Updated 11 August 2025

US designates Balochistan Liberation Army, active in Pakistan, as ‘foreign terrorist organization’

US designates Balochistan Liberation Army, active in Pakistan, as ‘foreign terrorist organization’
  • The BLA is the most prominent of separatist groups operating in Pakistan’s Balochistan, the site of a long-running insurgency
  • The foreign terrorist organization designation by US triggers restrictions on providing financial support, other aid to such groups

KARACHI: The United States (US) is designating the Balochistan Liberation Army (BLA), a separatist militant group active in Pakistan’s southwestern Balochistan province, as a “foreign terrorist organization,” the State Department said on Monday.

Balochistan, Pakistan’s largest but most impoverished province, has been the site of a long-running insurgency that has intensified in recent months, with separatist militants attacking security forces, government officials and installations and people from other provinces.

The BLA, which also uses the alias of ‘The Majeed Brigade,’ is the most prominent of separatist groups in Balochistan, which borders Iran and Afghanistan and is home to key China-led infrastructure projects, including a port and a gold-copper mine.

In March, the group claimed responsibility for the hijacking of the Jaffar Express train traveling from Quetta to Peshawar, killing 31 civilians and security personnel and holding hostage over 300 train passengers. In 2024, it claimed suicide attacks on Chinese nationals in Karachi and Gwadar.

“Today’s action taken by the Department of State demonstrates the Trump Administration’s commitment to countering terrorism,” Secretary of State Marco Rubio was quoted as saying by the State Department.

“Terrorist designations play a critical role in our fight against this scourge and are an effective way to curtail support for terrorist activities.”

The foreign terrorist organization designation by the US triggers restrictions on providing financial support and other aid to the group.

The US designation of the BLA comes amid a spike in militant violence in Pakistan’s Balochistan, which Islamabad has blamed on India and Afghanistan. New Delhi and Kabul deny the allegation.

On Monday, Pakistan Railways suspended all train services to and from the insurgency-hit southwestern province for four days after separatists blew up a railway track, derailing six cars of the Jaffar Express train, officials said. The BLA claimed responsibility for the attack, which came as Pakistan prepares to mark its 79th Independence Day on Aug. 14.

Separatist groups operating in the mineral-rich region accuse the central government of stealing their resources to fund development elsewhere in the country. The federal government denies the allegations and says it is working for the uplift of local communities in Balochistan.


Court of Arbitration’s latest award on Indus Waters Treaty vindicates Pakistan’s stance — FO

Court of Arbitration’s latest award on Indus Waters Treaty vindicates Pakistan’s stance — FO
Updated 11 August 2025

Court of Arbitration’s latest award on Indus Waters Treaty vindicates Pakistan’s stance — FO

Court of Arbitration’s latest award on Indus Waters Treaty vindicates Pakistan’s stance — FO
  • Pakistan and India have been arguing over hydroelectric projects on the shared Indus basin and its tributaries for decades
  • Islamabad says award details criteria for new hydropower projects to be constructed by India on Chenab, Jhelum and Indus

ISLAMABAD: Pakistan on Monday said the latest award on the Indus Waters Treaty (IWT), rendered by Court of Arbitration, is in line with Pakistan’s interpretation of the relevant provisions of the treaty, which India has threatened to put in abeyance.

India announced in April it was putting the 1960 World Bank-mediated treaty, which ensures water for 80 percent of Pakistani farms, in abeyance a day after an attack in Indian-administered Kashmir that New Delhi blamed on Pakistan, an allegation Islamabad denies. Pakistan has previously said the treaty has no provision for one side to unilaterally pull back and that any blocking of river water flowing to Pakistan will be considered “an act of war.”

The IWT grants Pakistan rights to the Indus basin’s western rivers — Indus, Jhelum, and Chenab — for irrigation, drinking, and non-consumptive uses like hydropower, while India controls the eastern rivers — Ravi, Beas, and Sutlej — for unrestricted use but must not significantly alter their flow. India can use the western rivers for limited purposes such as power generation and irrigation, without storing or diverting large volumes, according to the agreement.

In a statement issued on Monday, Pakistan’s foreign office said it welcomed the award rendered by the Court of Arbitration on Aug. 8 on issues of general interpretation of the IWT, explaining the designed criteria for the new run-of-river hydropower projects to be constructed by India on the western rivers of Chenab, Jhelum and Indus. New Delhi has not yet commented on the development.

“In a significant finding, the Court has declared that India shall ‘let flow’ the waters of the western rivers for Pakistan’s unrestricted use. In that connection, the specified exceptions for generation of hydro-electric plants must conform strictly to the requirements laid down in the Treaty, rather than to what India might consider an ‘ideal’ or ‘best practices’ approach,” the foreign office statement read.

“​The Court’s findings on low-level outlets, gated spillways, intakes for the turbines, and free-board are in line with Pakistan’s interpretation of the relevant provisions of the Treaty. The Award also limits India from maximizing the pondage volume.”

The South Asian neighbors have been arguing over hydroelectric projects on the shared Indus river and its tributaries for decades, with Pakistan complaining that India’s planned hydropower dams will cut its flows.

Notably, the Court observed that the awards of a Court of Arbitration are “final and binding on the parties (India and Pakistan),” and have a controlling legal effect on subsequent Courts of Arbitration and neutral experts, according to the Pakistani foreign office.

Recognizing Pakistan’s vulnerability as the downstream riparian, the Court has further observed that the object and purpose of the Indus Waters Treaty, as it relates to the western rivers, is to de-limit the two states’ respective rights and obligations, in conjunction with mutual cooperation and effective dispute resolutions procedures. 

“The award carries special significance in the wake of India’s recent announcement to hold the Indus Waters Treaty in abeyance, and its earlier decision to boycott the proceedings of the Court of Arbitration. It is an endorsement of Pakistan’s historical stance on the afore-stated issues,” the foreign office said.

“Pakistan remains committed to full implementation of the Indus Waters Treaty. It also expects India to immediately resume the normal functioning of the Treaty, and faithfully implement the award announced by the Court of Arbitration.”


Pakistan denies India’s ‘sabre rattling’ allegations, vows ‘matching response’ to aggression

Pakistan denies India’s ‘sabre rattling’ allegations, vows ‘matching response’ to aggression
Updated 11 August 2025

Pakistan denies India’s ‘sabre rattling’ allegations, vows ‘matching response’ to aggression

Pakistan denies India’s ‘sabre rattling’ allegations, vows ‘matching response’ to aggression
  • India accused Pakistan of sabre rattling after reports of remarks about nuclear threats in South Asia by Pakistani army chief on US visit
  • Islamabad says it remains firmly opposed to the use or threat of use of force, adding that Indian allegations are ‘bereft of rationality’

ISLAMABAD: Pakistan’s foreign office on Monday rejected Indian allegations of “sabre rattling” as misleading, promising a “matching response” to any aggression by New Delhi.

India’s ministry of external affairs (MEA) accused Pakistan of “sabre rattling” and “irresponsibility” after media reports on remarks about nuclear threats in South Asia made by Pakistan’s army chief while on a visit to the United States (US).

Pakistan’s Field Marshal Asim Munir was said to have made the remarks at a black-tie dinner hosted by a Pakistani-origin businessman in Florida on Saturday, where he spoke to a crowd of more than 100 people.

An excerpt of his speech shared by Pakistani security officials did not include such remarks, while the foreign office in Islamabad said the Indian MEA’s statement was yet another demonstration of their “chronic tendency to distorting facts and twisting statements out of context.”

“The Indian narrative of an alleged ‘nuclear blackmail’ is a misleading and self-serving construct,” it said in a statement. “Pakistan remains firmly opposed to the use or threat of use of force. India’s sabre rattling and war mongering, whenever confronted, invite unfounded allegations bereft of rationality.”

India and Pakistan both possess nuclear weapons and fought their deadliest battle in decades in May, sparked by an attack on tourists the previous month in Indian-administer Kashmir, which killed 26 civilians.

“Nuclear sabre-rattling is Pakistan’s stock-in-trade,” Randhir Jaiswal, the spokesperson of India’s MEA, said, adding that it was regrettable that the reported remarks have been made while in a friendly third country.

“The international community can draw its own conclusions on the irresponsibility inherent in such remarks.”

In a version of the speech shared by Pakistani security officials, Munir said: “The (Indian) aggression has brought the region to the brink of a dangerously escalating war, where a bilateral conflict due to any miscalculation will be a grave mistake.”

The Pakistani army chief was on a visit to the US to attend a farewell event for General Michael Kurilla, the 15th commander of the United States Central Command. India previously lodged a private diplomatic protest with Washington when President Donald Trump hosted Munir for a lunch at the White House in June.

In its statement on Monday, the foreign office said Pakistan is a responsible nuclear weapon state with an elaborate command and control structure under full civilian control, and it has always exercised discipline and restraint while dealing with the issues of such importance.

“The Indian MEA’s spurious insinuations are irresponsible and without a shred of evidence,” it said. “We also note with concern a pointless reference to the third countries, in a bid to exert pressure on Pakistan. This not only reflects India’s lack of diplomatic confidence but also constitutes a futile attempt to unnecessarily involve other countries.”

Some analysts believe that India’s disagreement with Washington over the May 10 ceasefire with Pakistan, and Trump’s renewed engagement with Islamabad, have contributed to a recent setback in ties between New Delhi and Washington under the Trump administration.

Pakistan shall continue to act as a responsible member of the comity of nations, its foreign office reiterated.

“However, any act of Indian aggression or violation of Pakistan’s sovereignty and territorial integrity will be met with an immediate and matching response,” it said. “The onus of any ensuing escalation will rest squarely with the Indian leadership.”


Pakistan asks world to take ‘decisive action’ after Israeli strike kills civilians in Gaza

Pakistan asks world to take ‘decisive action’ after Israeli strike kills civilians in Gaza
Updated 11 August 2025

Pakistan asks world to take ‘decisive action’ after Israeli strike kills civilians in Gaza

Pakistan asks world to take ‘decisive action’ after Israeli strike kills civilians in Gaza
  • An Israeli strike on Saturday killed 34 people, including over a dozen civilians waiting for aid, Gaza’s civil defense agency said
  • Islamabad reiterates its support of Palestinian people, calls for a just, sustainable and peaceful resolution of Palestine issue

ISLAMABAD: Pakistan on Monday condemned a recent Israeli airstrike that killed several civilians in Gaza, demanding the world take “decisive action” to hold the Jewish state accountable.

The statement came two days after Gaza’s civil defense agency said at least 34 people, including more than a dozen civilians who were waiting to collect aid, were killed by Israeli fire.

Pakistan’s Foreign Office said the country strongly condemns the Israeli airstrike and extends its condolences to families of the victims, reaffirming its unwavering solidarity with the Palestinian people.

“This egregious attack constitutes yet another serious violation of international humanitarian and human rights law, underscoring the scale and severity of the crimes perpetrated by the occupying power,” it said in a statement.

“The Government of Pakistan calls upon the international community to take immediate and decisive action to end Israeli impunity, ensure the protection of civilians, and hold Israel accountable for its actions.”

Hours before the statement, a prominent Al Jazeera journalist, who had previously been threatened by Israel, was killed along with four colleagues in an Israeli airstrike on Sunday in an attack condemned by journalists and rights groups.

“Anas Al Sharif and his colleagues were among the last remaining voices in Gaza conveying the tragic reality to the world,” Al Jazeera said.

More than 61,000 Palestinians have been killed in Gaza since Israel began pounding the territory on Oct. 7, 2023, following a Hamas attack on Israel, according to the Palestinian health ministry.

The Foreign Office once again reiterated Pakistan’s support for the Palestinian cause and called for a just, sustainable and peaceful resolution of the Palestine issue, in line with the relevant Security Council resolutions that uphold the rights and dignity of the Palestinian people.

“This includes the establishment of an independent, sovereign, viable, and contiguous Palestinian State, based on the pre-June 1967 borders, with Al-Quds Al-Sharif as its capital,’ it added.
 


‘Landmark deal’: Pakistan’s stock market gains on optimism over US trade negotiations

‘Landmark deal’: Pakistan’s stock market gains on optimism over US trade negotiations
Updated 11 August 2025

‘Landmark deal’: Pakistan’s stock market gains on optimism over US trade negotiations

‘Landmark deal’: Pakistan’s stock market gains on optimism over US trade negotiations
  • KSE-100 Index crosses 147,000 points in intraday trade, closes at 146,929.84
  • Investor confidence lifted by 19 percent tariff trade pact between Pakistan and the US

ISLAMABAD: Pakistan’s stock market maintained its bullish momentum on Monday, buoyed by reports of potential US investment in the energy sector and comments from the state finance minister that Islamabad and Washington would fine tune the details of a trade pact in the months ahead.

The KSE-100 Index climbed past the 147,000 points mark during intraday trading and closed at 146,929.84, up 1,547.05 points, or 1.06 percent, from Friday’s close of 145,382.79.

Positive investor sentiment has been underpinned by US President Donald Trump’s 19 percent tariffs on Pakistani imports announced last month, which officials say will pave the way for renewed investment by American firms and deepen economic ties between the two countries.

Topline Securities, a Karachi-based brokerage, said market giants like Mari Petroleum Company (MARI), Bank AL Habib Limited (BAHL), Oil and Gas Development Company (OGDC), Meezan Bank Limited (MEBL) and Muslim Commercial Bank (MCB) dominated Monday’s rally, collectively adding 959 points to the index.

“Sentiment surged after reports of US firms gearing up to invest in Pakistan’s energy sector, further reinforced by better-than-expected corporate results that added to the market’s upbeat tone,” the report said.

The total traded volume reached 607 million shares with a trading value of Rs43.95 billion. Lotte Chemical Pakistan Limited (LOTCHEM) led the volumes chart, with 73 million shares changing hands.

Market analysts say the positive momentum reflects growing investor confidence in Pakistan’s economic prospects, helped by strengthened US ties that are expected to support further gains in the near term.

Pakistan’s State Minister for Finance, Bilal Azhar Kayani, described the US trade pact as a “landmark” deal, saying the 19 percent tariff was the lowest in the South Asian region.

“And the agreement with more details will be negotiated and discussed in the months ahead,” he said during an interview with Bloomberg.

“Which would include various aspects, rules of origin or market access or tariffs per specific lines reciprocally.”

Kayani noted that the US was Pakistan’s largest export destination, accounting for $6 billion of the country’s $32 billion in exports last fiscal year.

Pakistan’s exports to the US are dominated by textiles and garments, but also include leather goods, surgical instruments, sports equipment, chemicals, carpets and seafood, according to the Ministry of Commerce.

The new trade agreement comes amid signs of a thaw in relations between Islamabad and Washington after years of friction over security and counterterrorism. The Biden administration maintained a cautious approach toward Pakistan, but Trump has spoken warmly of his interactions with Pakistani officials, including an unprecedented two-hour meeting in June with the Pakistan army chief. More recently, US officials have emphasized trade and investment cooperation, particularly in crypto, energy, textiles, and information technology sectors.