Financial compliance rules: 4-month waiver granted on mango exports to Iran, C Asia

KARACHI: The Ministry of Commerce has granted a four-month exemption from the financial instrument requirement for mango exports to Iran and to Central Asian states via Iran, with the aim of promoting Pakistani mango exports and facilitating access to regional markets.

According to a notification issued by the Ministry of Commerce, this exemption will be effective from June 1, 2026, to September 30, 2026. Under this decision, the requirement for a financial instrument under the State Bank of Pakistan’s foreign exchange rules will not apply to mango exports to Iran and to CIS countries via Iran.

The federal government has asked the Federal Board of Revenue and Pakistan Single Window to facilitate the exporters.

READ MORE: Govt allows mango exports

According to the notification, if mango exporters will require to continue beyond this date, further extension in dates of FI exemption will be provided on the request of Pakistan Fruit and Vegetable Exporters, Importers and Merchants Association (PFVA).

Waheed Ahmed, Patron-in-Chief of PFVA, has welcomed the federal Ministry of Commerce’s this move and said that the ministry had provided this facility in a timely manner as the mango export season begins on June 1, 2026.

He said this facility will significantly support Pakistani mango exports to Iran and to Central Asian states via Iran. He said that mango exports to the Middle East and Gulf states are facing various challenges during this season due to regional tensions, including a several-fold increase in freight charges and flight disruptions.

He added the exemption from the financial instrument requirement for exports via Iran will help increase Pakistani mango exports to the Iranian market, which will also help offset any potential decline from Gulf markets.

He said the new export season will begin on June 1, 2026, but the export target has not yet been set due to ongoing uncertainty and multiple challenges, particularly rising freight costs, which have reportedly increased fourfold since the conflict began.

Waheed Ahmed said this year PFVA, with the cooperation of the Ministry of Commerce, will also hold roadshows for Pakistani mangoes in Central Asian states to further promote demand and exports of Pakistani mangoes in these new markets.

Para-3 of Export Policy Order 2022 required that all exports from Pakistan to be made in compliance of Foreign Exchange Rules, Regulation and Procedures notified by the SBP, under power given in import and export control Act 1950.

Copyright Business Recorder, 2026