Bureaucratic Delays Plague Barter Trade with Iran

Bureaucratic delays plague barter trade with Iran

The Senate Standing Committee on Commerce has noted that traders are facing problems under the current barter trade arrangement with Iran, particularly due to bureaucratic delays in relation to the SRO 642(1)/2023. The Senate body, which met on Thursday, directed officials that the barter trade framework should be facilitative and promote business-to-business transactions under clear conditions. It urged the Ministry of Commerce to coordinate wi…

Badini point opening, Iran barter trade: Senate panel chides MoC bigwigs for inaction

ISLAMABAD: The Senate Standing Committee on Commerce, in a session held Thursday, sharply criticized the Commerce Ministry’s top officials for their inaction and lack of preparedness regarding the opening of the Badini crossing point with Afghanistan and delays in issuing a revised notification for barter trade with Iran. The Commerce Ministry team, led by Salman Mufti (holding additional charge as Secretary Commerce) and Nasir Hamid (Additional…