Mango exports to Iran exempted from financial instrument

KARACHI:

The Federal Ministry of Commerce has granted a four?month exemption from the requirement of a financial instrument for mango exports to Iran and, via Iran's land route, to Central Asian states. The move aims to boost Pakistani mango exports and facilitate access to regional markets.

According to a notification issued by the Ministry of Commerce, the exemption will remain effective from June 1, 2026 to September 30, 2026. Under this decision, the condition of providing a financial instrument – required under the State Bank of Pakistan's (SBP) foreign exchange regulations – will not apply to mango exports to Iran and to CIS countries through Iran's land route.

Patron?in?Chief of the Pakistan Fruit and Vegetable Exporters, Importers and Merchants Association (PFVA), Waheed Ahmed, welcomed the move, saying the ministry had provided timely relief as the mango export season is set to begin on June 1.

According to Ahmed, the exemption will significantly support exports of Pakistani mangoes to Iran and, via Iran, to Central Asian states. He noted that exports to the Middle East and Gulf countries are facing multiple challenges this season due to regional tensions, including a sharp increase in freight charges and disruptions in flight operations.

He added that the exemption from the financial instrument requirement for exports to Iran and through Iran would help increase Pakistani mango exports in the Iranian market, and also assist in offsetting potential shortfalls from Gulf markets.

Ahmed further said that this year, PFVA, in collaboration with the Ministry of Commerce, will organise roadshows in Central Asian states to further promote demand and exports of Pakistani mangoes in these new markets.