SBP Allows Banks to Process 200,000 MT Sugar Exports

The State Bank of Pakistan has permitted banks to process requests for exporting 200,000 metric tonnes of sugar by eligible mills, in line with government directives. Exports must be against sight letters of credit or advance payments, with banks ensuring mill-wise quota adherence and weekly reporting to SBP. This inflow of foreign exchange from sugar exports could provide some stability to the Pakistani Rupee, potentially influencing local gold prices.

بحوالہ / Source: www.brecorder.com