AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYYes
Additionally, the export freight support of a maximum of Rs. 10.70/kg. (~USD 0.097)* announced in September 2017, has been extended to the current export quota. The conditions for such support remain the same as specified in the earlier notification. Specifically, 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 of Rs. 10.70/kg. 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 13 December 2017 - 1 USD = 109.5 PKR
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