Following the directives of the federal government, the State Bank of Pakistan (SBP) has announced extension in subsidy on export of wheat and wheat products. In terms of the Ministry of National Food Security and Research (MNFSR), Government of Pakistan's Notification No. 4-12/2014/DFSC-II/Wheat Export dated June 22, 2017, the Economic Coordination Committee (ECC) of the Cabinet has approved extension in the export period for export of wheat/wheat products (Flour (Aata), Fine, Suji and Maida) beyond March 15, 2017 till August 31, 2017 subject to the terms and conditions.
Accordingly, it was advised that subsidy on export of wheat/wheat products will be allowed till August 31, 2017 (to be determined by GD filing date) to those exporters who have lifted wheat from godowns of food departments of respective provincial governments prior to March 15, 2017. Therefore, exporters of wheat/wheat products have been asked to approach FEOD, SBP-BSC (Bank), Head Office or respective field office of SBP-BSC, as the case may be, through their Authorized Dealer claiming the subsidy latest by October 31, 2017. No claims will be entertained after the aforementioned period.
Application must be submitted as per enclosed revised performa, for each shipment separately, duly verified by food departments of respective provincial governments with a unique reference number, it said. Disbursement of the above subsidy against approved claims shall be subject to submission of verified lists of exporters by MNFSR from provincial food departments. All other instructions on the export of wheat and wheat products will remain unchanged, it added.
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