Ministry of Commerce Expands Trade Missions and Barter Trade

Web DeskJuly 4, 2024 06:18 AMbusiness
  • Pakistan initiates barter trade with Iran and Russia
  • Ministry of Commerce sets up additional trade missions
  • Efforts aim to diversify trade portfolio and enhance global presence
Ministry of Commerce Expands Trade Missions and Barter TradeImage Credits: tribune.com.pk
The Ministry of Commerce in Pakistan is actively expanding trade missions and establishing barter trade arrangements with Iran and Russia to enhance trade relations and boost economic growth.

The Ministry of Commerce is actively working on expanding its trade missions to explore new trade opportunities in various countries. This initiative was discussed during a recent Senate panel meeting where the responsible secretary shared insights into Pakistan's trade strategies.

One of the key highlights from the meeting was the revelation that Pakistan has initiated barter trade arrangements with both Iran and Russia. This move aims to strengthen trade relations with these countries and explore mutually beneficial trade opportunities.

The Ministry of Commerce's decision to set up additional trade missions underscores the government's commitment to boosting international trade and fostering economic growth. By actively seeking out new trade opportunities, Pakistan aims to diversify its trade portfolio and enhance its global presence in the international market.

The Ministry of Commerce's efforts to expand trade missions and establish barter trade arrangements demonstrate a proactive approach towards enhancing Pakistan's trade relations with key partners. These initiatives not only open up new avenues for trade but also pave the way for stronger economic ties with countries like Iran and Russia. By prioritizing trade expansion and collaboration, Pakistan is poised to unlock new opportunities for growth and development in the global trade landscape.

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