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Pak-Iran barter trade likely to delay
May 14, 2012
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ISLAMABAD — Pakistan-Iran barter trade deal may be delayed for uncertain period as the Iranian authorities have not reached the government so far for the import of one million tons wheat.

Mir Israr ullah Zehri , Federal minister for National Food Security and Research said that federal secretary of his ministry had already adjoined the Iranian authorities to settle the modes for exports of one million tons of wheat to Iran. He said we have received no reply from Iran side so that the deals can be completed which were agreed to be completed till May 14, 2012. He said the federal secretary will again try to finalize the deals by contacting the Iranian authorities again. He informed that the deals could not be settled earlier at the meeting of the Economic Coordination Committee (ECC) of the Cabinet because Pakistan Agriculture Storage Supplies Corporation (PASSCO) desired to export wheat at the price of $315 per ton. While it was decided to export the wheat at the price of $278 per ton at a meeting of the sub-committee of ECC working under the chair of federal minister for Water and Power Syed Naveed Qamar. He stated in the meeting that about  one million tons of extra wheat from PASSCO stocks and rice will be exported to Iran on barter trade system.

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