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Economic Coordination Committee(ECC)

TCP opens four LCs for urea import

By Imaduddin KARACHI, Saturday, 15 September 2012: Trading Corporation of Pakistan (TCP) has opened four Letters of Credit (LCs) worth $132 million for importing 300,000 tons of urea. Sources told Business Recorder on Friday that these LCs had been opened after the deposit of 10 percent performance guarantees by four successful bidders, adding that after the opening of LCs, suppliers had also submitted details of shipments, confirming all imported consignments would reach Pakistan by…

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