The Head/Principal Offices of all

Authorized Dealers in Foreign Exchange

Dear Sirs/Madam,

IMPORT OF RAW & REFINED SUGAR

Authorized Dealers may please refer to our FE Circular No. 7 dated 25th July, 2005 through which it was advised that import of raw sugar by the private sector is allowed without limit / time bar from worldwide sources except India and Israel.

In this connection it is advised that the Ministry of Commerce, Government of Pakistan in terms of SRO No. 788(I)/2005 dated the 6th August 2005 has now allowed import of Raw & Refined Sugar from India. Authorized Dealers may therefore establish LCs for the import of raw and refined sugar without obtaining prior approval from State Bank, including import of sugar on CFR Free Out basis strictly in terms of the provisions of subject circular.

Please bring the above to the notice of all your constituents