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Iran willing to barter electricity with Pakistan for rice

Finance Materials 15 February 2021 19:03
Iran willing to barter electricity with Pakistan for rice

BAKU, Azerbaijan, Feb. 15

Trend:

A proposal has come up for Iran to barter its exported electricity to Pakistan for rice, Trend reports via ILNA.

"This issue is a proposal for now, as the biggest problem - the cooperation with Pakistan's banks - still remains," said the secretary of the Iranian Rice Importers Association Masih Keshavarz.

"In addition to the problem of non-cooperation of Pakistani banks with Iran, we are also facing the problem of not having a transparent order registration in the form of bartering in the Central Bank of Iran,” Keshavarz said.

“Of course, there are companies that are willing to receive the cost of goods in Iran at the Iranian currency (rial) and buy them in Pakistan for rupees,” he said, adding that these companies are not reliable.

“Trusting these companies is a big risk because there is no valid guarantee,” said Keshavarz.

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