AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Other export incentive
Additionally an export freight support of a maximum of Rs. 10.70/kg. (~USD 0.102)* has been announced. The support will be given on a sliding scale between the international price of USD 376/MT as on 8 September 2017 and USD 499/MT, which is according to the Ministry of Industries and Production the international sugar price that meets the cost of production. A price of USD 376 will get the full support while a price of USD 499 will get no freight support.
The inception date for this state act has been set as the date the State Bank has published the conditions for processing applications.
* PKR to USD conversion as on 8 September 2017 - 1 USD = 105.3 PKR
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