Pakistan Moves to Reform Barter Trade Mechanism with Iran, Afghanistan, and Russia
Pakistan’s Ministry of Commerce has proposed amendments to the Barter Trade Mechanism with Iran, Afghanistan, and Russia, aiming to simplify processes, expand scope, and strengthen compliance under international trade norms.
State Bank of Pakistan directs banks to terminate clients on Goods Declaration suspicion under AML rules
The State Bank of Pakistan has directed banks to tighten compliance on trade-based transactions, including the option to terminate client relationships if Goods Declaration mismatches raise AML suspicions.