The Ministry of Commerce has announced a temporary relaxation of export payment rules for selected goods destined for Iran. The measure aims to facilitate bilateral trade despite the absence of a direct banking channel.
Federal Minister for Commerce Jam Kamal approved the decision under Clause 3 of the Export Policy Order 2022. The exemption will remain effective from July 2 to August 30, 2026.
Temporary Relief To Support Cross-Border Trade
During the 60-day period, exporters of specified products will not need to process payments through banking channels. They will also receive exemptions from submitting certain financial instruments required under the export policy.
The ministry said the decision addresses challenges caused by the lack of a direct banking mechanism between Pakistan and Iran. Consequently, exporters will find it easier to comply with trade requirements.
Exemption Covers Multiple Agricultural Exports
The relaxation applies to bananas, mangoes and meat exported to Iran by air. Meanwhile, land exports of rice, potatoes, meat, gelatin, maize, sesame and animal feed will also qualify.
Additionally, the concession covers rice exports transported through Iran to Central Asian countries and Azerbaijan. Therefore, the measure is expected to support regional trade and improve export opportunities.
The Ministry of Commerce has issued a formal notification implementing the temporary exemption. Officials said the relief will remain available until August 30 unless further changes are announced.
