The Presidents/Chief Executives
Authorized Dealers in Foreign Exchange

Dear Sir/Madam,

Revised Instructions - Export of 200,000 MT of Sugar

Attention of Authorized Dealers is invited to EPD Circular Letter No. 14 dated October 2, 2026, on the subject of “Export of 200,000 MT of Sugar”.

2. In this regard, Authorized Dealers are advised that the Ministry of National Food Security & Research (MNFSR) vide its Office Memorandum No. 19(12)/EXPORT/PED/API-0005 dated October 09, 2026 has communicated the revised province and mill-wise sugar export quotas received from Pakistan Sugar Mills Association (PSMA) vide their letter No. PSMA-C/B-9/2026/450 dated October 3, 2026, along with the correction to the names of three (3) sugar mills as communicated by PSMA vide letter No. PSMA-C/B-9/2026/457 dated October 8, 2026 (copies enclosed).

3. As per above communications, the Government of Punjab and Government of Sindh have endorsed the revised quotas of sugar mills located in their respective provinces. While the endorsement from the Government of Khyber Pakhtunkhwa (KPK) is still awaited. Accordingly, Authorized Dealers may process the export transactions of eligible sugar mills of Punjab and Sindh as per their revised quotas, subject to the following conditions:

a. The export of sugar shall be made against sight letter of credit or advance payment.
b. The shipment of sugar shall only be made by sea.
c. There will be no shipment deadline.
d. The realization of export proceeds against letter of credit shall be made within the regulatory timeperiod prescribed by SBP.
e. Authorized Dealers will submit sugar export transactions and shipment updates to the Director, FEOD, SBP-BSC, Head Office, Karachi on weekly basis as per the enclosed reporting format (Annexure-A) at [email protected] by every Friday at 1600 HRS.

4. The endorsement of revised quota by the Government of KPK will be communicated as and when received from MNFSR. Accordingly, the Authorized Dealers shall process export transactions of eligible Sugar Mills located in KPK after receipt of this confirmation.

5. Authorized Dealers shall perform appropriate due diligence of the transactions and satisfy themselves with the bona fides of the client and underlying transaction in line with the applicable regulations.

6. Authorized Dealers are advised to ensure meticulous compliance with the above instructions and the conditions stipulated in the enclosed Office Memorandum of MNFSR.