The Head/Principal Offices of all
Authorized Dealers in Foreign Exchange
Dear
Sirs/Madam,
Export of Sugar/Subsidy on Export of Sugar
Attention of the Authorized Dealers is invited to EPD Circular Letter No. 01 dated January 5, 2015 and EPD Circular Letter No. 05 dated March 11, 2015 regarding the captioned subject.
2. In terms of Ministry of Commerce’s Office Memorandum (O.M.) No. 7(2)/2012-E.III dated April 15, 2015, Government of Pakistan has extended the date for export of sugar to July 15, 2015.
3. Accordingly, it is advised that exporters must ship the sugar within 45 days from the date of SBP sugar quota approval or by July 15, 2015, whichever comes earlier. Shipments made after 45 days of SBP approval or after July 15, 2015 will not be eligible for subsidy.
3. All other instructions on the subject shall remain unchanged.
4. Authorized Dealers are advised to bring the same to the notice of all their constituents.
Encl: As above