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 details of quota allocation have already been conveyed to Authorized Dealers vide EPD Circular Letter No. 15 dated October 13, 2026.
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Accordingly, SBP has asked the banks to process export transactions of eligible sugar mills located in KPK against their respective quotas subject to the terms and conditions issued by the SBP.
The SBP has mentioned that all other instructions contained in the above-referred circular letter shall remain unchanged. Banks have been advised to ensure meticulous compliance with the above instructions.
Copyright Business Recorder, 2026