SBP revises instructions on sugar export
KARACHI: The State Bank of Pakistan (SBP) has issued revised instructions for the export of 200,000 metric tons of sugar. According to the SBP, the Ministry of National Food Security & Research (MNFS&R), vide its Office Memorandum No. 19(12)/EXPORT/PED/API-0004 dated October 25, 2026, has confirmed that the Government of Khyber Pakhtunkhwa (KPK) has endorsed the quota of KPK sugar mills. The…
Karachi: The State Bank of Pakistan (SBP) has revised its instructions for the export of 200,000 metric tons of sugar. The Ministry of National Food Security & Research (MNFS&R) confirmed, via Office Memorandum No. 19(12)/EXPORT/PED/API-0004 dated October 25, 2026, that the Government of Khyber Pakhtunkhwa (KPK) has approved the quota for KPK sugar mills.
The allocation details were communicated to Authorized Dealers through EPD Circular Letter No. 15 on October 13, 2026. The SBP instructed banks to process export transactions for eligible sugar mills in KPK, based on their respective quotas, in line with the terms and conditions set by the SBP. All other instructions from the previously mentioned circular letter remain unchanged. Banks were advised to adhere strictly to these new guidelines.
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