Pakistan lacks concrete plan to tackle impact of fresh us sanctions on iran trade report
Pakistan lacks concrete plan to tackle impact of fresh us sanctions on iran trade report
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Open on ProfitPakistan lacks concrete plan to tackle impact of fresh us sanctions on iran trade report
Pakistan has reportedly yet to formulate a concrete strategy to address the potential impact of new US restrictions on Iran, which could disrupt informal trade between the two neighbouring countries.
According to a news report by Business Recorder, the Ministry of Commerce (MoC) officials said Islamabad was monitoring the situation, but the implementation of “Economic D-Day”, announced by US Treasury Secretary Scott Bessent on August 24 and envisaging prohibitive secondary sanctions on countries trading with Iran, had not yet begun.
While Pakistan’s official exports to Iran remain negligible, informal bilateral trade is estimated at around $800 million annually and is conducted largely through informal channels and barter arrangements.