Sugar export quota revised; SBP holds KP mill sales

The State Bank told banks to process Punjab and Sindh sugar export quota deals for 200,000 tonnes, while Khyber Pakhtunkhwa mills stay on hold.

The State Bank revised instructions for the export of 200,000 metric tons of sugar.

Punjab and Sindh have endorsed their mill quotas, so banks may process those exports.

Khyber Pakhtunkhwa’s endorsement is still awaited, and mills there stay on hold.

Shipments must go by sea against a sight letter of credit or advance payment, with no deadline set.

Banks must send sugar export and shipment reports to the State Bank every Friday.

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