Trade with Iran: Businessmen want barter trade

US sanctions on Iran as it is not only widening the trade deficit but is also causing huge loss to the exchequer.


APP April 15, 2013

LAHORE: Lahore Chamber of Commerce and Industry (LCCI) on Monday called for Barter Trade with Iran, to counter the increase in smuggling following US sanctions on Iran as it is not only widening the trade deficit but is also causing huge loss to the exchequer. LCCI President Farooq Iftikhar was talking to a 10-member Pakistan Plastic Manufacturers Association (PPMA) delegation that called on him under the leadership of LCCI Executive Committee MemberMahmood Gazanvi. Iftikhar said that smuggling of plastic moulding compound and finished products from Iran had pushed the plastic trade and industry to the verge of closure, while a large number of businessmen attached with plastic business were now planning to shift their businesses to other countries.

Published in The Express Tribune, April 16th, 2013.

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