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In another move to release pressure on dwindling foreign exchange reserves, Pakistan opened barter commerce With Afghanistan, Iran and Russia for some materials including petroleum, liquefied natural gas, coal, wheat, pulses, minerals, minerals and many foodstuffs.
According to a Statutory Regulatory Order (SRO) issued by the Ministry of Commerce on Friday, the government has allowed the import and export of goods under B2B. swap And “The News” reported that trade with the three countries. Pakistan made the decision to allow barter trade with neighboring countries, following the failure of the International Monetary Fund to rescue the country’s ailing economy.
Sources said barter trade will help bypass banking transactions because in the case of Iran, there is no possibility of transactions through official channels due to economic sanctions imposed by the United States.
According to a Statutory Regulatory Order (SRO) issued by the Ministry of Commerce on Friday, the government has allowed the import and export of goods under B2B. swap And “The News” reported that trade with the three countries. Pakistan made the decision to allow barter trade with neighboring countries, following the failure of the International Monetary Fund to rescue the country’s ailing economy.
Sources said barter trade will help bypass banking transactions because in the case of Iran, there is no possibility of transactions through official channels due to economic sanctions imposed by the United States.
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