ECC recommends caution in barter trading amid restrictions
Iran’s flag is seen above its consulate building, with Pakistan’s flag in the foreground, in Karachi, Pakistan, January 18, 2024. PHOTO: REUTERS Islamabad: The government has instructed the Department of Commerce to engage in barter transactions with Iran, Russia and Afghanistan with care, diligence and caution due to the imposition of sanctions on different products and entities. Several Iranian and Russian entities face US and UN sanctions, which remain key obstacles to how trade deals with Iran, Russia and Afghanistan can be carried out. The Economic Coordination Commission (ECC) recently approved amendments to the B2B (business-to-business) exchange mechanism to promote



