Monday, December 29, 2025
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HomeEconomySTATE BANK NOW HANDLES COTTON EXPORTS

STATE BANK NOW HANDLES COTTON EXPORTS

Islamabad: Federal Government ne cotton export ke masail ab Trade Development Authority of Pakistan (TDAP) se State Bank of Pakistan (SBP) ko hand over kar diye hain.

Is silsile mein Ministry of Commerce ne S.R.O. 2486(1)/2025 jaari kiya hai. Iske mutabiq, Imports and Exports (Control) Act, 1950 ke zariye, Federal Government ne Export Policy Order, 2022 mein kuch amendments ka faisla kiya hai.

Naye order ke mutabiq:

  1. Exporters ko apne contract value ka 1% security deposit State Bank of Pakistan ke paas jama karana hoga aur confirmation letter customs authorities ko shipping documents ke saath dikhana hoga.
  2. Buyers ke liye irrevocable letter of credit (L/C) kholna zaruri hai aur contracted quantity ko 180 din ke andar shipment karna hoga.
  3. Agar contract ki performance specified waqt mein na ho, to security deposit ka proportional hissa SBP ke zariye forfeited kar diya jayega.

Yeh qadam cotton export process ko streamline karne aur transparency barhane ke liye uthaya gaya hai.

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