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Pakistan to start barter trade with Iran in a month as issues resolved

ghazi52

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Mar 21, 2007
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Pakistan to start barter trade with Iran in a month as issues resolved


Pakistan to start barter trade with Iran in a month as issues resolved

https://nation.com.pk/Reporter/imran-ali-kundi
Imran Ali Kundi
November 19, 2021

ISLAMABAD - Pakistan would start barter trade with Iran in a month as both the sides have resolved pending issues.

To the question of Senator Fida Mohammad, the Commerce Secretary apprised the Standing Committee on Commerce, which met here at Parliament House on Thursday under the chairmanship of Senator Zeeshan Khanzada, that being on the grey list had not any negative concussion on Pakistan’s exports. Due to the lack of banking channels with Iran, there exist some issues in trading with Tehran. The barter trade issue with Iran has been resolved, he informed. An agreement has been reached with Iran regarding barter trade, he added further. He said that barter trade with Iran would start in a month.

Pakistan and Iran recently agreed to take measures to expand the annual trade exchanges to $5 billion by the year 2023. Commerce Adviser, Razzaq Dawood briefed the Committee on GSP Plus status( Generalised Scheme of Preferences). He noted that Pakistan’s exports to Europe have reached 9 billion dollars. The Commerce Adviser informed the committee that the European Union (EU) was assuaged with Pakistan’s implementation of the GSP Plus terms. Pakistan had kowtowed with most of the 27 conventions. He underlined that Pakistan had already addressed issues like eradication of child labour, freedom of speech, rights of journalists, rights of women, and others as per assigned indicators.

He asserted that the EU asked for expanding the range of exports to European markets but exports to the EU have not inflated as they should have because of weaknesses of our exporters.

While responding to a question asked by the Chairman Committee, Abdul Razzaq Dawood remarked that under GSP Plus, 66% of Pakistan’s tariff lines were on zero duties. EU exports increased by 47%, he said, adding that trade with the EU is in Pakistan’s interest. For maximum participation of all members and inclusive discussion, the detailed deliberation on GSP Plus status and briefing by the Pakistan Cotton Standards Institute (PCSI) were recessed for the next meeting.

The Commerce Adviser also lauded the role of the Senate Standing Committee on Commerce in passing the (Geographical Indications) GI Act. Apart from Senator Fida Mohammad, Senator Saleem Mandviwala, the commerce Adviser Abdul Razzaq Dawood, Secretary Commerce, Additional Secretary Commerce, and officials from Pakistan Cotton Standards Institute attended the meeting.
 

aryobarzan

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Pakistan to start barter trade with Iran in a month as issues resolved


Pakistan to start barter trade with Iran in a month as issues resolved

https://nation.com.pk/Reporter/imran-ali-kundi
Imran Ali Kundi
November 19, 2021

ISLAMABAD - Pakistan would start barter trade with Iran in a month as both the sides have resolved pending issues.

To the question of Senator Fida Mohammad, the Commerce Secretary apprised the Standing Committee on Commerce, which met here at Parliament House on Thursday under the chairmanship of Senator Zeeshan Khanzada, that being on the grey list had not any negative concussion on Pakistan’s exports. Due to the lack of banking channels with Iran, there exist some issues in trading with Tehran. The barter trade issue with Iran has been resolved, he informed. An agreement has been reached with Iran regarding barter trade, he added further. He said that barter trade with Iran would start in a month.

Pakistan and Iran recently agreed to take measures to expand the annual trade exchanges to $5 billion by the year 2023. Commerce Adviser, Razzaq Dawood briefed the Committee on GSP Plus status( Generalised Scheme of Preferences). He noted that Pakistan’s exports to Europe have reached 9 billion dollars. The Commerce Adviser informed the committee that the European Union (EU) was assuaged with Pakistan’s implementation of the GSP Plus terms. Pakistan had kowtowed with most of the 27 conventions. He underlined that Pakistan had already addressed issues like eradication of child labour, freedom of speech, rights of journalists, rights of women, and others as per assigned indicators.

He asserted that the EU asked for expanding the range of exports to European markets but exports to the EU have not inflated as they should have because of weaknesses of our exporters.

While responding to a question asked by the Chairman Committee, Abdul Razzaq Dawood remarked that under GSP Plus, 66% of Pakistan’s tariff lines were on zero duties. EU exports increased by 47%, he said, adding that trade with the EU is in Pakistan’s interest. For maximum participation of all members and inclusive discussion, the detailed deliberation on GSP Plus status and briefing by the Pakistan Cotton Standards Institute (PCSI) were recessed for the next meeting.

The Commerce Adviser also lauded the role of the Senate Standing Committee on Commerce in passing the (Geographical Indications) GI Act. Apart from Senator Fida Mohammad, Senator Saleem Mandviwala, the commerce Adviser Abdul Razzaq Dawood, Secretary Commerce, Additional Secretary Commerce, and officials from Pakistan Cotton Standards Institute attended the meeting.
I heard the barter trade will be mostly Pakistan Rice for Iran Oil...:cheers:..
 

BATMAN

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Mar 31, 2007
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Why not get a 100 JF17 Block 3? Win for everyone!

You mean Pakistan should give Iran 100 jF-17... against the smuggled oil and in process close down it's own oil industry and foreign investment potentials? interesting, i doubt your proposal would ever get objected by esteemed members of pdf! :(
 

Sainthood 101

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Why not get a 100 JF17 Block 3? Win for everyone!
buy J-10C from China, its slightly better than block 3 in some ways- depending on what IRAF is looking for and its need

And I don't think they'll care too much for US sanctions- at least they shouldn't ...
they're big enough to handle that
 

BATMAN

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Can not sell military equipment due to sanctions on Iran.

Pakistan can by all means, but China would not consider risking their key military tech. to some one's hand who have history of sharing Pakistan's nuclear tech. with India!!!!
 

Abid123

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Why not get a 100 JF17 Block 3? Win for everyone!
Iran is a very big country. JF-17 is a lightweight fighter and has limited range. J-10C would be a good option. Pakistan is buying them to counter Rafale threat from India.
 

BATMAN

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Mar 31, 2007
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buy J-10C from China, its slightly better than block 3 in some ways- depending on what IRAF is looking for and its need

And I don't think they'll care too much for US sanctions- at least they shouldn't ...
they're big enough to handle that

China is the largest oil importer from Iran, they have special payback arrangement with Iran, where they pay bills for Iranian imports from US and EU.
Still they would not like to pay back in terms of fighter jets to bunch of crazies, who can use that stuff to further destabilize the region, translating to oil supply risk for China.
 

BATMAN

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Mar 31, 2007
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Iran is a very big country. JF-17 is a lightweight fighter and has limited range. J-10C would be a good option. Pakistan is buying them to counter Rafale threat from India.

In principle, if Iran ever plan to buy fighter jets, they can buy from Russia...
What exactly is the advantage in buying platforms, which are operated and have design inputs from Pakistan!?
Are there any follow-up services and tech. transfer advantages, pdf team foresee?

On the other hand, if Iran buy any fighter jets, they definitely end up paying for it in cash or oil, which can seriously effect their proxy wars in region, which require low tech. arms and hardware. like bullets guns, bazooka, kamikaze drones etc.
 

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