No improvement in Pak-Iran barter trade

CG points out hurdles being faced by Pakistan’s rice exporters


Our Correspondent February 01, 2023
PHOTO: Radio Pakistan

print-news
LAHORE:

Iranian Consul General (CG) Mehran Movahedfar has voiced concern that despite cooperation in barter trade between the governments of Iran and Pakistan, no improvement has been made.

“Difficulties are created in operations by the State Bank of Pakistan. Similar problems are faced by the companies exporting rice from Pakistan, due to which many enterprises have refused to continue cooperation,” he said in a meeting with businessmen at the Lahore Chamber of Commerce and Industry (LCCI).

The consul general revealed that Iran had banned Indian rice imports that provided a golden opportunity for Pakistani rice exporters. “From Pakistan, we can import rice and meat and in return supply liquefied petroleum gas (LPG) and raw material,” he emphasised.

The envoy pointed out that tariffs had been imposed by Pakistan on many Iranian export products including cement, fruits and tiles, due to which unofficial trade was thriving. Consequently, Pakistan’s government is suffering losses in the form of reduction in tax and duty collection.

Published in The Express Tribune, February 1st, 2023.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.

COMMENTS

Replying to X

Comments are moderated and generally will be posted if they are on-topic and not abusive.

For more information, please see our Comments FAQ