Islamabad, May 17, IRNA – Pakistan Prime Minister’s Advisor on Commerce,Textile, Industries and Production says Iran and Pakistan are working on abarter trade deal mechanism to enhance bilateral trade, local mediareported.

Abdul Razak Dawood, who recently accompanied Prime Minister Imran Khanduring his visit to Iran, informed National Assembly Standing Committee onCommerce and Textile that he held a meeting with the Iranian Trade Ministerand discussed the ways and means of a barter trade deal between the twoneighbours.

He said both countries have decided to select two or three items each whichcan be traded through barter, adding that Iran has identified electricityand Liquefied Natural Gas (LPG) whereas Pakistan will export agriculturalproducts.

Additional Secretary, Commerce Division, Capt. Javed Akbar (retired)further explained that both countries are working together to improve thebarter trade mechanism and State Bank of Pakistan (SBP) is extending helpin this regard.

He further stated that Federation of Chamber of Commerce and Industry(FPCCI) and Iranian Chamber are actually taking the lead in this deal.

The report said there has always been demand for medical/ surgicalinstruments and Pakistani rice and fruits in Iran.

Additional Secretary further stated that Pakistan’s kinnow is already beingexported to Iran.