Trading Corporation of Pakistan (TCP) signed a commercial agreement with Saudi Arabia Basic Industries Corporation (SABIC) at Karachi. M/s Jaffer Brothers (Pvt) Limited, Karachi who are SABIC’s agents for Pakistan signed the agreement on their behalf. According to official sources of TCP, the agreement covers supply of approximately 200,000 MT urea to Pakistan under the $100 million credit facility provided by Saudi Fund for Development (SFD). Agreement between Government of Pakistan/Economic Affairs Division and Saudi Fund for Development (SFD) was signed earlier at Islamabad. Urea shipments under the contract will start arriving in Pakistan within this month. This will be in addition to 700,000 MT already imported for Rabi crop 2011-12, as well as 300,000 MT for which an international tender was floated by TCP on 28th December 2011.
