Pakistan-Iran trade set to increase with barter system
Bilateral trade between the two countries is expected to increase significantly with the introduction of a new barter system.
The move comes as Pakistan looks to boost its economy and reduce its reliance on imports.
The new barter system will allow Pakistan to export goods to Iran in exchange for Iranian oil and gas. This will help Pakistan to save valuable foreign exchange reserves and reduce its trade deficit.
The two countries have already agreed on a list of goods that will be traded under the new system. This includes Pakistani rice, textiles, and leather goods, as well as Iranian oil and gas.
The barter system is expected to be implemented in the coming months. Once it is in place, it is expected to boost bilateral trade between Pakistan and Iran significantly.
The move is also seen as a way to improve relations between the two countries. Pakistan and Iran have a long history of cooperation, but there have been some tensions in recent years.
The new barter system is a positive step that could help to improve relations between the two countries and boost their economies.
The Diplomat
Wikipedia
Comments