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Reuters
Reuters
Business
By Ariba Shahid and Asif Shahzad

Pakistan outlines process for barter trade with Afghanistan, Iran, Russia

FILE PHOTO: A general view of the border post in Torkham, Pakistan, December 3, 2019. Picture taken December 3, 2019. REUTERS/Alasdair Pal

Pakistan has passed a special order to allow barter trade with Afghanistan, Iran and Russia for certain goods, including petroleum and natural gas, the Ministry of Commerce said on Friday.

Left with barely enough foreign exchange reserves to cover one month's imports, Pakistan's government is desperately trying to manage a balance of payments crisis and bring inflation under control after it hit a record of nearly 38% last month.

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