ANNOUNCED AS TEMPORARYYes
On 24 December 2014, Pakistan's Economic Coordination Committee increased the sugar export quota from 500,000 tonnes, announced in November 2014, to 650,000 metric tonnes. Also, the validity of the quota has been extended from 31 March 2015 to 31 May 2015.
The exports would be allowed only against an irrevocable letter of credit or contract with 15% non-refundable advance payment. The shipment would have to be made within 45 days of the registration of contract with the State Bank of Pakistan.
On 9 April 2015, the ECC extended the validity of the quota until 15 July 2015, or 45 days from approval, whichever comes earlier.
An export quota of 500,000 tonnes was later announced on 7 December 2015 (see related State Act).
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