Pakistan allows barter trade with Russia, Iran, Afghanistan

June 02, 2023 (MLN): Pakistan has passed a special order to allow barter trade with Russia, Iran, and Afghanistan, a Statuary Regulatory Order (SRO) issued by the Ministry of Commerce showed on Friday.

Under this arrangement, 26 items can be exported, including rice, pharma, footwear, textile products, and so on.

Additionally, the government has allowed the import of fruits, nuts, vegetables, spices, minerals and metals, coal and related products, petroleum crude oil, LNG and LPG, chemical products, fertilizers, article of plastics and rubber, raw hides and skins, raw wool and articles of iron and steel from Iran.

While the import of pulses, wheat, coal and related products, petroleum oils including crude, LNG and LPG, fertilizers, tanning and dying extracts, articles of plastic and rubber, minerals and metals, chemicals products, articles of iron and steel, and items of textile industrial machinery has been allowed from Russia. 

“Application for authorization of import and export of goods under the B2B barter trade facility shall be submitted online by the trader or their authorized agent through the online system to the regulatory collector,” the notification reads.

The application shall be reviewed and examined under the provisions of IPO and EPO in vogue and the conditions set out in this Order.

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