KARACHI - Trading Corporation of Pakistan (TCP), in response to its tender opened on Friday has awarded contract for import of 50,000 Metric Tons (MTs) of urea  at the rate of $419.39 per metric ton C&F to the lowest bidder  M/s. Key Trade AG Switzerland.According to statement, tender was floated on 13-07-2012. The prices quoted in the tender ranged from $419.39 to $447.39 PMT (C&F). All nine bids were found responsive in terms of prescribed evaluation criteria. M/s.Key Trade offered the lowest price of $419.39 PMT C&F for 50,000 MT, conforming to technical specifications and terms & conditions of the tender. Keeping in view the competitiveness and consonance of the price vis-a-vis the international prices of urea, the offer was accepted and the contract was awarded to the lowest bidder, accordingly.With award of this tender, TCP has completed procurement of total targeted quantity of 300,000 MT urea assigned to it by the Government for current Kharif-2012. Out of the earlier contracted quantity of 250,000 MT, around 110,000 MT Urea has arrived and delivered to NFML whereas shipment of balance imported urea is in pipeline.