Pakistan Prime Minister’s Advisor on Commerce, Textile, Industries and Production says Iran and Pakistan are working on a barter trade deal mechanism to enhance bilateral trade, local media reported.
He said both countries have decided to select two or three items each which can be traded through barter, adding that Iran has identified electricity and Liquefied Natural Gas (LPG) whereas Pakistan will export agricultural products.
Additional Secretary, Commerce Division, Capt. Javed Akbar (retired) further explained that both countries are working together to improve the barter trade mechanism and State Bank of Pakistan (SBP) is extending help in this regard.
He further stated that Federation of Chamber of Commerce and Industry (FPCCI) and Iranian Chamber are actually taking the lead in this deal.
The report said there has always been demand for medical/ surgical instruments and Pakistani rice and fruits in Iran.
Additional Secretary further stated that Pakistan’s kinnow is already being exported to Iran.