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
Encl:
SRO No. 788(I)/2005