Pakistan-Iran trade revival faces hurdles (opens original article in a new tab)

Pakistan-Iran trade revival faces hurdles including banking restrictions, barter challenges, and delayed infrastructure projects, despite potential for increased economic cooperation.

• Pakistan and Iran face challenges in reviving trade due to banking and financial sanctions
• A failed rice export deal highlighted issues with barter arrangements and lack of formal banking channels
• Energy trade is seen as a key driver for increasing Pakistan-Iran bilateral trade
• The Iran-Pakistan gas pipeline remains delayed and requires renegotiation for commercial viability