AGL 38.02 Increased By ▲ 0.08 (0.21%)
AIRLINK 197.36 Increased By ▲ 3.45 (1.78%)
BOP 9.54 Increased By ▲ 0.22 (2.36%)
CNERGY 5.91 Increased By ▲ 0.07 (1.2%)
DCL 8.82 Increased By ▲ 0.14 (1.61%)
DFML 35.74 Decreased By ▼ -0.72 (-1.97%)
DGKC 96.86 Increased By ▲ 4.32 (4.67%)
FCCL 35.25 Increased By ▲ 1.28 (3.77%)
FFBL 88.94 Increased By ▲ 6.64 (8.07%)
FFL 13.17 Increased By ▲ 0.42 (3.29%)
HUBC 127.55 Increased By ▲ 6.94 (5.75%)
HUMNL 13.50 Decreased By ▼ -0.10 (-0.74%)
KEL 5.32 Increased By ▲ 0.10 (1.92%)
KOSM 7.00 Increased By ▲ 0.48 (7.36%)
MLCF 44.70 Increased By ▲ 2.59 (6.15%)
NBP 61.42 Increased By ▲ 1.61 (2.69%)
OGDC 214.67 Increased By ▲ 3.50 (1.66%)
PAEL 38.79 Increased By ▲ 1.21 (3.22%)
PIBTL 8.25 Increased By ▲ 0.18 (2.23%)
PPL 193.08 Increased By ▲ 2.76 (1.45%)
PRL 38.66 Increased By ▲ 0.49 (1.28%)
PTC 25.80 Increased By ▲ 2.35 (10.02%)
SEARL 103.60 Increased By ▲ 5.66 (5.78%)
TELE 8.30 Increased By ▲ 0.08 (0.97%)
TOMCL 35.00 Decreased By ▼ -0.03 (-0.09%)
TPLP 13.30 Decreased By ▼ -0.25 (-1.85%)
TREET 22.16 Decreased By ▼ -0.57 (-2.51%)
TRG 55.59 Increased By ▲ 2.72 (5.14%)
UNITY 32.97 Increased By ▲ 0.01 (0.03%)
WTL 1.60 Increased By ▲ 0.08 (5.26%)
BR100 11,727 Increased By 342.7 (3.01%)
BR30 36,377 Increased By 1165.1 (3.31%)
KSE100 109,513 Increased By 3238.2 (3.05%)
KSE30 34,513 Increased By 1160.1 (3.48%)

ISLAMABAD: President SAARC Chamber of Commerce and Industry Iftikhar Ali Malik on Sunday said that Pakistan’s prudent decision about barter trade with Afghanistan and Iran would further strengthen trilateral trade relations and foster existing economic ties among the three neighbouring Muslim countries.

Talking to a delegation of traders led by Waqas Anjum which called on him, he said it is a good decision of the government to allow imports and exports under barter trade with both countries to promote trade with regional states.

He said barter trade has tremendous importance to strengthen regional trade connectivity and to do with foreign exchange and other challenges confronted by the regional countries.

He said it is good point to note that Pakistan government has amended relevant part of import and export policy orders 2020 to launch barter trade under the arrangements finalized after taking stakeholders into confidence.

He termed the decision a welcoming development because it was being pursued by all relevant stakeholders of all three countries in true letter and spirit to derive the desired results of economic cooperation and prosperity of the people of the region.

Iftikhar Ali Malik hoped that the appropriate mechanism of barter trade would be placed in action and finalised by the authorities of Iran and Pakistan.

He said special desk has been established at SAARC Chamber headquarters to facilitate the traders of member countries especially for Afghanistan.

A member of the delegation former President Lahore Chamber and Chairman Rice Exporters Association of Pakistan (REAP) Shahzad Ali Malik said the decision will provide ample opportunity to our export to Iran especially of rice including Guard rice which is in great demand that’s very popular being best in taste worldwide.

He urged the private sector including regional chambers to move forward for taking full advantage of the big opportunity.

He said REAP welcome the step and term it a constructive stride in right direction to foster the barter trade, he concluded.

Comments

Comments are closed.