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Pakistan extends barter trade deadlines to 120 days with Iran, Russia, Afghanistan, and opens it to private firms.
Pakistan has updated its barter trade rules with Iran, Russia, and Afghanistan, extending the transaction deadline from 90 to 120 days, allowing simultaneous imports and exports, removing fixed product lists, and enabling private companies to form trade consortia.
The changes, approved by the Economic Coordination Committee and developed with input from key agencies, aim to simplify cross-border commerce, boost trade in energy, agriculture, and raw materials, and address prior barriers that limited participation.
The reforms follow feedback from businesses and build on a 2023 pilot program that faced implementation challenges.
Pakistán extiende los plazos de comercio de trueque a 120 días con Irán, Rusia, Afganistán y lo abre a las empresas privadas.