Pakistan's Decision on Border trade with Iran, Afghanistan and Russia..!!
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A significant development happened today in terms of Pakistan’s trade relations. Making substantial progress in trade alliances with Iran and Syria, the government of Pakistan has announced the implementation of barter trade agreements.
The Ministry of Commerce has introduced Business to Business (B2B) Barter Trade Mechanism 2023. This will enable Pakistan to engage in mutually beneficial exchanges with these countries.
Under the new rules, Pakistan will be able to export a wide range of goods to Afghanistan, Iran, and Russia.
Pakistan’s agricultural sector will largely benefit from this. With the export of meat, fruits, vegetables, and rice to these countries, Pakistan will be able to demonstrate the quality and variety of its produce to the international market.
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