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SBP revises instructions for sugar exports
KARACHI: The State Bank of Pakistan (SBP) has revised its instructions for sugar exports, sharing updated province-wise and mill-wise export quotas and directing banks to conduct due diligence on export transactions to verify the bona fides of clients and the underlying transactions in accordance with applicable regulations. Following the revision of province-wise and mill-wise sugar export quotas by the Ministry of National Food Security and Research (MNFSR), based on information received from the Pakistan Sugar Mills Association (PSMA), and the correction of the names of three sugar mills, t...
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